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CN to Invest $50 Million in Louisiana to Build Capacity and Power Sustainable Growth

1. CNI plans to invest US$50 million in Louisiana infrastructure. 2. Investment focuses on track maintenance and capacity building. 3. Past investment of US$52 million in 2024 highlighted operational upgrades. 4. Governor Landry praises CNI's commitment to economic growth in Louisiana. 5. Investment supports safe goods movement and sustainable growth across CN's network.

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FAQ

Why Bullish?

The infrastructure investment indicates confidence in growth, paralleling past successful initiatives. Historical data shows that infrastructure improvements historically lead to enhanced operational efficiency and profitability.

How important is it?

The investment signifies strategic growth potential and operational stability, crucial for CNI’s long-term success in a competitive market.

Why Long Term?

Enhancements to infrastructure typically yield benefits that accrue over years, enhancing long-term operational capacity and service efficiency. The sustained investment in Louisiana suggests a strategic commitment to future growth and operational excellence.

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CNRUNPCSX
June 30, 2025 13:30 ET  | Source: Canadian National Railway Company HOMEWOOD, Ill., June 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$50 million in Louisiana, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes projects to build capacity in New Orleans area and upgrades to improve operations at CN’s Geismar railyard. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Louisiana and across CN’s network. “We believe that investing in our network is about building for the future. Our continued infrastructure investment in Louisiana 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 “I applaud CN for their investment in the State of Louisiana. The implementation of strategic infrastructure initiatives, projects to increase operational capacity, and planned system wide upgrades will continue to show CN’s commitment to safely move freight through the cities and parishes of Louisiana. This investment also shows CN’s commitment and partnership toward ensuring our vision of economic growth and prosperity is realized for citizens of Louisiana.”    - The Honorable Jeff Landry, Governor of Louisiana In 2024, CN invested approximately US$52 million in Louisiana for track maintenance and key infrastructure initiatives. A highlight from this investment includes over $18 million for bridge upgrades in New Orleans. Louisiana in Numbers: Capital investments: More than US$ 52 million in 2024Employees: approximately 330Railroad route miles operated: 227Community investments: US$ 72,000 in 2024Local spending: US$25 million in 2024Cash taxes paid: US$9.2 million in 2024 CN 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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