Canadian National Railway (CN) presented the details of its 2015 plan to invest C$2.7 billion (USD 2.24 billion) in rail infrastructure maintenance and improvements, as well as in new capacity, equipment and technology to raise network safety and efficiency, improve service and support future growth.
CN is planning to spend approximately C$1.4 billion (USD 1.16 billion) on track infrastructure. This will include the replacement of rail, ties and other track materials, bridge improvements, as well as various branch-line upgrades. Such investments allow CN to improve the network and are part of a multi-year program aimed at maintaining a high level of safety and efficiency while helping CN’s customers grow.
Within its track infrastructure spending, CN is allocating C$100 million (USD 83 million) to upgrade its feeder network. This investment is part of the C$500-million (USD 415 million) program announced earlier this year to upgrade branch lines that are experiencing rising volumes of traffic.
CN will also spend approximately C$800 million (USD 664.45 million) in 2015 on growth and productivity initiatives such as yard improvements, intermodal terminals, transload and distribution centres and information technology.
CN’s equipment capital expenditures in 2015 are targeted to reach approximately C$500 million (USD 415 million), allowing the company to tap growth opportunities and improve the quality of the fleet. As part of this initiative, CN expects to take delivery of 90 new high-horsepower locomotives and will invest in new rolling stock and freight car refurbishments.
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