Canadian National Railway, CN will invest CAD 2.9 billion (EUR 1.86 billion) in rail infrastructure and equipment to raise network efficiency, support long-term growth and further strengthen safety.
CN plans to spend approximately CAD 1.5 billion (EUR 961.6 million) on track infrastructure to maintain a highly efficient and safe network. This work will include the replacement of rail, ties, and other track materials, bridge improvements, and targeted branch line upgrades. CN will invest CAD 600 million (EUR 384.6 million) in rolling stock equipment, allowing the company to tap available growth opportunities and to improve the quality of its car fleet. To handle future traffic volumes and further improve fuel efficiency, CN also expects to take delivery of 90 new high-horsepower locomotives.
The company plans to invest CAD 400 million (EUR 256.4 million) this year in a range of other key initiatives to drive productivity and to improve service for its customers. CN will also spend CAD 400 million (EUR 256.4 million) on the implementation of Positive Train Control (PTC) technology on portions of its U.S. rail network. CN plans to install all the required technology hardware on approximately 5,632 km of its network by the end of 2018, with full PTC system operability achieved by the end of 2020, as required by U.S. federal government safety legislation.
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