CN to Invest $38 Million in Iowa to Build Capacity and Power Sustainable Growth
CN (NYSE: CNI) has announced plans to invest US$38 million in Iowa as part of its 2025 capital investment program. The investment will focus on track maintenance and strategic infrastructure initiatives to ensure safe goods movement and support sustainable growth in the state.
This follows CN's US$31 million investment in Iowa during 2024, which included US$1.4 million for track upgrades near Cedar Rapids and over US$1 million for Waterloo rail yard improvements. The company currently operates 572 railroad route miles in Iowa with approximately 258 employees, and reported US$29 million in local spending and US$6.2 million in cash taxes paid in 2024.
CN (NYSE: CNI) ha annunciato un investimento di 38 milioni di dollari USA in Iowa nell'ambito del suo programma di investimenti per il 2025. L'investimento sar脿 indirizzato alla manutenzione dei binari e a iniziative strategiche per le infrastrutture, al fine di garantire la sicurezza nel trasporto delle merci e sostenere una crescita sostenibile nello stato.
Questo segue l'investimento di 31 milioni di dollari USA effettuato da CN in Iowa nel 2024, che ha incluso 1,4 milioni di dollari USA per il miglioramento dei binari vicino a Cedar Rapids e oltre 1 milione di dollari USA per le migliorie al deposito ferroviario di Waterloo. Attualmente, l'azienda gestisce 572 miglia di linea ferroviaria in Iowa con circa 258 dipendenti, e ha registrato una spesa locale di 29 milioni di dollari USA e il pagamento di 6,2 milioni di dollari USA in tasse nel 2024.
CN (NYSE: CNI) ha anunciado planes para invertir 38 millones de d贸lares estadounidenses en Iowa como parte de su programa de inversi贸n de capital para 2025. La inversi贸n se centrar谩 en el mantenimiento de v铆as y en iniciativas estrat茅gicas de infraestructura para garantizar el transporte seguro de mercanc铆as y apoyar un crecimiento sostenible en el estado.
Esto sigue a la inversi贸n de 31 millones de d贸lares estadounidenses realizada por CN en Iowa durante 2024, que incluy贸 1,4 millones de d贸lares para mejoras en las v铆as cerca de Cedar Rapids y m谩s de 1 mill贸n de d贸lares para mejoras en el patio ferroviario de Waterloo. La compa帽铆a actualmente opera 572 millas de ruta ferroviaria en Iowa con aproximadamente 258 empleados, y report贸 un gasto local de 29 millones de d贸lares y 6,2 millones de d贸lares en impuestos pagados en efectivo en 2024.
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CN (NYSE : CNI) a annonc茅 son intention d'investir 38 millions de dollars US dans l'Iowa dans le cadre de son programme d'investissement en capital pour 2025. Cet investissement se concentrera sur l'entretien des voies ferr茅es et des initiatives strat茅giques d'infrastructure afin d'assurer un transport s茅curis茅 des marchandises et de soutenir une croissance durable dans l'脡tat.
Cela fait suite 脿 l'investissement de 31 millions de dollars US r茅alis茅 par CN en Iowa en 2024, comprenant 1,4 million de dollars US pour des am茅liorations des voies pr猫s de Cedar Rapids et plus d'1 million de dollars US pour des am茅liorations du triage ferroviaire de Waterloo. L'entreprise exploite actuellement 572 miles de voies ferr茅es en Iowa avec environ 258 employ茅s, et a d茅clar茅 des d茅penses locales de 29 millions de dollars US ainsi que 6,2 millions de dollars US en taxes pay茅es en esp猫ces en 2024.
CN (NYSE: CNI) hat Pl盲ne angek眉ndigt, im Rahmen seines Kapitalinvestitionsprogramms 2025 38 Millionen US-Dollar in Iowa zu investieren. Die Investition wird sich auf die Gleisinstandhaltung und strategische Infrastrukturma脽nahmen konzentrieren, um einen sicheren G眉terverkehr zu gew盲hrleisten und nachhaltiges Wachstum im Bundesstaat zu unterst眉tzen.
Dies folgt auf eine 31 Millionen US-Dollar Investition von CN in Iowa im Jahr 2024, die unter anderem 1,4 Millionen US-Dollar f眉r Gleisaufwertungen nahe Cedar Rapids und 眉ber 1 Million US-Dollar f眉r Verbesserungen im Eisenbahnhof Waterloo umfasste. Das Unternehmen betreibt derzeit 572 Meilen Eisenbahnstrecke in Iowa mit etwa 258 Mitarbeitern und meldete f眉r 2024 lokale Ausgaben von 29 Millionen US-Dollar sowie 6,2 Millionen US-Dollar an gezahlten Steuern.
- Significant capital investment of US$38 million for infrastructure improvements in Iowa
- 22.6% increase in investment compared to 2024's US$31 million
- Strategic infrastructure upgrades to enhance network efficiency and resiliency
- Strong local economic presence with US$29 million in local spending during 2024
- None.
Insights
CN's $38M Iowa investment continues growth strategy, building on 2024's $31M spend to enhance network efficiency and reliability.
CN's
The investment follows specific 2024 allocations that included
From an infrastructure perspective, this investment supports CN's 572-mile Iowa network and complements the company's significant economic footprint in the state, which includes approximately 258 employees,
The capital program demonstrates CN's dual focus on maintaining operational excellence while supporting long-term growth objectives. By investing in critical infrastructure, CN enhances its ability to provide reliable service to agricultural and industrial customers in Iowa while strengthening a vital link in its North American network. This investment represents a balanced approach to maintaining current operations while building capacity for future volume growth.
HOMEWOOD, Ill., June 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US
鈥淲e believe that investing in our network is about building for the future. Our continued infrastructure investment in Iowa 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.鈥�
- Tracy Robinson, President, and Chief Executive Officer of CN
鈥淐狈鈥檚
- U.S. Congresswoman Ashley Hinson, Iowa鈥檚 2nd Congressional District
In 2024, CN invested approximately US
- Approximately US
$1.4 million to upgrade the track and build capacity on CN鈥檚 Osage Subdivision near Cedar Rapids - Over US
$1 million towards upgrades at CN鈥檚 Waterloo rail yard to improve operations.
:
- Capital investments: More than US
$ 31 million in 2024 - Employees: approximately 258
- Railroad route miles operated: 572
- Community investments: US
$ 98,000 in 2024 - Local spending: US
$29 million in 2024 - Cash taxes paid: US
$6.2 million in 2024
CN Forward-Looking Statements
Certain statements by CN included in this news release constitute 鈥渇orward-looking statements鈥� 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 鈥渂elieves,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渁ssumes,鈥� 鈥渙utlook,鈥� 鈥減lans,鈥� 鈥渢argets,鈥� 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鈥檚 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:
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FAQ
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