CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth

MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada.

"We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate."

- Tracy Robinson, President and Chief Executive Officer of CN

"These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.”

- Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce

In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include:

• Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick
• Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S.

New Brunswick in Numbers

• Employees: approximately 362
• Railroad route miles operated: 596
• Community investments: $687,000 in 2024
• Local spending: $55 million in 2024
• Cash taxes paid: $18 million in 2024

Nova Scotia in Numbers:

• Employees: approximately 356
• Railroad route miles operated: 162
• Community investments: $453,000 in 2024
• Local spending: $89 million in 2024
• Cash taxes paid: $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 CN

CN 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.

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