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CN to Invest $85 Million in Michigan to Build Capacity and Power Sustainable Growth

1. CNI plans to invest US$85 million in Michigan for infrastructure upgrades. 2. Investment includes intermodal capacity and track maintenance in key areas. 3. Previous investment in 2024 was approximately US$79 million for similar initiatives. 4. CNI emphasizes long-term growth and service improvement through these projects. 5. The firm plays a crucial role in Michigan's freight transportation network.

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FAQ

Why Bullish?

CNI's investment reflects a commitment to growth and operational efficiency, similar to historical investments that boosted confidence and performance.

How important is it?

The significant investment indicates CNI's strategic focus on infrastructure, likely enhancing operational capacity and market stability.

Why Long Term?

The infrastructure investments are designed to support sustainable growth over time, analogous to past enhancements leading to long-term operational benefits.

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CNRUNPCSXKSU
June 16, 2025 10:30 ET  | Source: Canadian National Railway Company HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$85 million in Michigan, 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 intermodal capacity and upgrades to improve operations at CN’s Lansing, Battle Creek and Flint railyards. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Michigan and across CN’s network. “We believe that investing in our network is about building for the future. Our continued infrastructure investment in Michigan 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 “As a member of the House Transportation Committee, we focus on a robust freight transportation network across Michigan. CN is a key component to moving freight efficiently and safely. I have seen this up close over the years as they move goods through my district in Calhoun County and Battle Creek. Michigan needs a strong rail network, and CN is a leader in making significant investments in the Great Lakes State."  - Steve Frisbie, State Representative, Michigan’s 44th House District  In 2024, CN invested approximately US$79 million in Michigan for track maintenance and key infrastructure initiatives. Highlights of this investment include: Over US$3 million to support the completion of the CN’s Flat Rock Transload facilityOver US$5 million for upgrades to CN’s Autoport operations in LansingOver US$4 million to support automotive facility in Lake Orion Michigan in Numbers: Employees: approximately 1,033Railroad route miles operated: 812Community investments: US$ 144,000 in 2024Local spending: US$136 million in 2024Cash taxes paid: US$8.1 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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