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CN to Invest $30 Million in Tennessee to Build Capacity and Power Sustainable Growth

1. CNI plans US$30 million investment in Tennessee infrastructure. 2. Investment aims to improve network efficiency and resilience. 3. Past investments included US$36 million in 2024 for maintenance. 4. Tennessee Department of Transportation supports CNI's growth initiatives. 5. CNI's network vital for North American economic prosperity.

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FAQ

Why Bullish?

CNI's investments indicate strong operational confidence, enhancing overall growth prospects.

How important is it?

Significant investment in infrastructure solidifies CNI's growth strategy, positively influencing investor sentiment.

Why Long Term?

Infrastructure investments typically yield returns over an extended period, positively impacting CNI's future revenues.

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CNRUNPCSX
June 12, 2025 10:30 ET  | Source: Canadian National Railway Company HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- June 12 2025 – CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$30 million in Tennessee, as part of its 2025 capital investment program. This includes investments in infrastructure, technology, rolling stock equipment, as well as network improvements These projects will help ensure the safe movement of goods and support long-term sustainable growth in Tennessee and across CN’s network. “We believe that investing in our network is about building for the future. Our continued infrastructure investment in Tennessee will help strengthen the resiliency and efficiency of our network across the state. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across communities where we operate.” - Tracy Robinson, President, and Chief Executive Officer of CN “The Tennessee Department of Transportation is excited about CN's investments in Tennessee. The approximately $30 million will increase the entire system's fluidity as Tennessee continues to grow, connecting CN with its customers in Tennessee and beyond. The investment will support TDOT's vision of providing a safe and reliable transportation system for people, goods, and services, supporting Tennessee's economic prosperity." - Dan Pallme, Assistant Bureau Chief – Planning Bureau, Tennessee Department of Transportation In 2024, CN invested approximately US$36 million in Tennessee for track maintenance and key infrastructure initiatives. Highlights of this investment include: - Over US$7 million to support the upgrade of the locomotive fueling facility at Harrison Yard. - More than US$1.3 million for upgrades to CN’s transload facility at its Memphis railyard Tennessee in Numbers: Employees: approximately 655Railroad route miles operated: 161Community investments: US$ 64,000 in 2024Local spending: US$24 million in 2024Cash taxes paid: US$8.7 million in 2024 Forward-looking Statements Certain statements by CN included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN 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. Contacts: MediaInvestment CommunityAshley MichnowskiStacy AldersonSenior ManagerAssistant Vice-PresidentMedia RelationsInvestor Relations(438) 596-4329(514) 399-0052media@cn.cainvestor.relations@cn.ca

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