MONTREAL, July  30, 2026  (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced that it is supporting the development of more than 300 customer development projects across its North American network, reinforcing

CN Supporting More Than 300 Customer Growth Projects Across Its Network

CN's North America capacity expansion signals potential earnings uplift for CNI

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONTREAL, July  30, 2026  (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced that it is supporting the development of more than 300 customer development projects across its North American network, reinforcing</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>CN announced ongoing support for 300+ customer development projects across its North American network, backed by a $2.8 billion 2026 capex. It highlights 70 projects completed in 2025 and 30 so far in 2026, with 70 more expected by year-end 2026/early 2027, underscoring growing demand and capacity upgrades. This reflects a favorable backdrop for CN’s traffic and potential margin expansion, which could translate into near-term upside for CNI.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CN supports 300+ customer development projects across North America&#039;s network. This bolsters capacity, safety, and cross-border trade.</li><li>In 2025, CN brought 70 projects into service, representing over $2B in customer investment.</li><li>2026: 30 customer-led projects so far; on track for 70 more by end-2026/early 2027.</li><li>CN plans approximately $2.8B in 2026 capex to strengthen safety, capacity, and resilience.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Canadian National Railway (CNI/CNR)</strong>: Main subject; expansion and capex imply higher potential rail volumes and earnings for CN, a direct driver for CNI.</li><li><strong>LNG Canada project (Private)</strong>: CN moved specialized equipment and materials for LNG Canada, signaling rail demand from large energy projects.</li><li><strong>BC Hydro Site C project (Private)</strong>: CN supported construction materials delivery, illustrating rail demand from major infrastructure programs.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News / Corporate Developments. The release emphasizes CN&#039;s capacity expansion and project pipeline, which is a key driver of industry-wide rail demand and can impact CN and related equities like CNI positively through higher volumes and potential margin benefits.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>CN&#039;s 2026 capex plan of ~$2.8B supports capacity growth and potential volume gains.</li><li>2025 Edson Subdivision capacity improvements increased corridor capacity ~25%.</li><li>Projects like Zanardi Rapids Bridge and Glen Valley track boost Western Canada rail capacity.</li><li>Strong customer investment sentiment implies broader freight demand tailwinds for CN.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>CN announced 300+ customer development projects across its North American network.</li><li>2025: 70 projects into service, representing &gt;$2B in customer investment.</li><li>2026: 30 projects completed Year-To-Date; on track for 70 more by end-2026/early 2027.</li><li>2026 capital investments total ~ $2.8 billion.</li><li>2025 Edson Subdivision capacity improvements increased corridor capacity by ~25%.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside for CNI from CN&#039;s capex-driven capacity expansion and higher rail volumes.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MONTREAL, July  30, 2026  (GLOBE NEWSWIRE) -- CN (TSX:<a class="ticker" href="https://www.benzinga.com/quote/CNR">CNR</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNI">CNI</a>) today announced that it is supporting the development of more than 300 customer development projects across its North American network, reinforcing its role in strengthening supply chains and powering economic growth.</p>  <p align="justify">In 2025, CN helped bring more than 70 customer projects into service, representing over $2 billion in customer investment across its network. So far in 2026, CN has helped bring 30 customer-led projects into service and is on track to complete an additional 70 projects by the end of 2026 and into early 2027.</p>  <p align="justify">&#34;Our customers are making significant investments because they have confidence in the strength of CN&#39;s network and our ability to grow alongside them. We&#39;ve invested in the capacity, infrastructure and operating model needed to support new business while continuing to improve network fluidity. That allows us to move more traffic safely and efficiently while giving customers the confidence to invest, expand and bring new industrial projects online across North America.&#34;</p>  <p align="justify" style="padding-left:40px;">– Sandra Ellis, Vice-President, Bulk, Industrial and Business Development, CN<br></br></p>  <p align="justify">Beyond supporting customer growth across its network, CN also plays a critical role in supporting the construction of major infrastructure projects. From moving specialized equipment and construction materials for the LNG Canada project in Kitimat, B.C., to supporting the BC Hydro Site C project, CN&#39;s network and supply chain expertise helped deliver the materials needed to advance these transformative investments.</p>  <p align="justify">In 2026, CN is investing approximately $2.8 billion through its annual capital investment program, strengthening the safety, capacity and resiliency of its network. Key projects include the <a href="https://www.globenewswire.com/Tracker?data=prb53xEfTVcgpAyYGkATZxCvattTFU8SHb982Fi8eKJ0QVBG_eBFCjHNV7d5rWpSQL87B6hQyOnhQqpT14ILhQ3GLtrOQbyip13k66yK1COiAJ0sPkKVPfn-ZJy_VeZYa45bw5dF7lruD3qYynvmVxyT5tTL8aNhiakTrrAnqDgRVAntXQSq_3tXiLeESx8S" rel="nofollow" target="_blank">Zanardi Rapids Bridge Project</a> in Prince Rupert, and the Glen Valley double-track project in British Columbia, both of which will increase rail capacity and support future growth across Western Canada.</p>  <p align="justify">CN’s capital investments are already delivering results. Major capacity improvements completed in <a href="https://www.globenewswire.com/Tracker?data=V4-87_8btZE54D5K6vK2nxHeEZerue9q3Xdmv-kJ1j5NGUdhWfl30GEfh052d4dc432gXPfI8-ImWPIVQiIb_xAgi-xV6stNtRc5rWTHHXPUYMAtgtzF0cJ_zukuVkWpe6y2cUEE2sNuhDyflnky1nViNbZLevokvMY_HQ5MOyk=" rel="nofollow" target="_blank">2025 along CN&#39;s Edson Subdivision</a> have increased corridor capacity by approximately 25 percent, helping CN support growing customer demand while maintaining a safe, fluid and reliable network.</p>  <p align="justify">CN continues to work closely with customers and supply chain partners to bring new projects online, supporting long-term economic growth while strengthening the resilience and competitiveness of North American supply chains.</p>  <p align="justify"><strong>About CN</strong><br></br>CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.</p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td colspan="2" style="width:100%;"><strong><u>Contacts:</u></strong><strong><br></br></strong></td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; "><strong><u>Media</u></strong></td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; "><strong><u>Investment Community</u></strong></td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Ashley Michnowski</td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Jamie Lockwood</td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Senior Manager        </td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Vice-President</td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Media Relations</td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Investor Relations and Special Projects</td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">(438) 596-4329</td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">(514) 399-0052<br></br></td></tr><tr><td style="width:35.1601%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; "><a href="mailto:media@cn.ca" rel="nofollow" target="_blank"><u>media@cn.ca</u></a><br></br></td><td style="width:64.8399%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; "><a href="mailto:investor.relations@cn.ca" rel="nofollow" target="_blank"><u>investor.relations@cn.ca</u></a><br></br></td></tr></table> <p><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwMTA2MCM3NzUxNTcxIzIwMDY1NDM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZWVhY2RmZjQtMDY2Zi00MzkzLWI3NGUtZGRhMjhmYmIzNGVkLTEwMTgxMTYtMjAyNi0wNy0zMC1lbg==/tiny/Canadian-National-Railway.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/d8f3f116-ccaf-4c51-af12-154863973974"><img src="https://ml.globenewswire.com/media/d8f3f116-ccaf-4c51-af12-154863973974/small/cn100-logo-jpg.png" border="0" width="150" height="56" alt="Primary Logo"></img></a></p>

CN announced ongoing support for 300+ customer development projects across its North American network, backed by a $2.8 billion 2026 capex. It highlights 70 projects completed in 2025 and 30 so far in 2026, with 70 more expected by year-end 2026/early 2027, underscoring growing demand and capacity upgrades. This reflects a favorable backdrop for CN’s traffic and potential margin expansion, which could translate into near-term upside for CNI.

News insight

CN Supporting More Than 300 Customer Growth Projects Across Its Network

AI summary

Sentiment rationale

Key facts

Industry News