CN will invest approximately $3.4 billion CAD in capital projects in 2025, aiming to enhance capacity, safety, and sustainability throughout its North American rail network. This investment is critical for the feed and grain industry, which relies on efficient rail transport for moving commodities.
The 2025 capital program, net of customer reimbursements, includes significant allocations:
- Approximately $2.9 billion CAD for maintenance and strategic infrastructure initiatives in Canada and the United States.
- Projects already underway include over 225 miles of new rail installation.
- Approximately eight capacity-building projects in Western Canada are scheduled for completion by the end of 2025.
- Over $500 million CAD to upgrade and expand its rolling stock.
"Our 2025 capital program reflects a clear focus on strengthening the resilience, efficiency, and sustainability of our operations," said Tracy Robinson, President and CEO of CN. "These investments are about delivering exceptional service today — and building a safer, more connected tomorrow for our customers, employees, supply chain partners, and the economy."
In 2024, CN invested approximately $3.5 billion CAD. Of this, $1.7 billion was dedicated to maintaining network safety and integrity, particularly track infrastructure.
Key strategic infrastructure investments from 2024 included:
- Over $75 million CAD (USD $54 million) for a four-mile siding extension in the Greater Chicago area, which boosted corridor capacity by 17%.
- Projects to improve fluidity and capacity in the Greater Vancouver area, including a $7.6 million CAD initial investment in the Holdom Overpass project, $2 million CAD for Thornton Tunnel enhancements, and $7 million CAD for upgrades to the Lulu Island and Fraser River Bridges.
- Over $60 million CAD invested with partners for a new high-efficiency loading fuel terminal at CN’s MacMillan Yard in Vaughn, Ontario.
CN stated that these annual investments in capital projects and maintenance are fundamental to the safety and efficiency of its operations and support long-term sustainable growth.
