Monday, May 11, 2015

Canadian National Railway Company - CNR.t

Canadian National Railway Company - CNR.t offers integrated transportation services: rail, intermodal, trucking, freight forwarding, warehousing and distribution.

The company is a world-class transportation leader.






On May 5, 2015 the company released News

CN TARGETS C$2.7 BILLION IN 2015 CAPITAL INVESTMENTS TO RAISE NETWORK SAFETY AND EFFICIENCY AND GROW THE BUSINESS

Canadian National Railway Company has provided the details of its 2015 plan to invest $2.7-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.

Claude Mongeau, president and chief executive officer, said, "With the work season now well under way, CN is embarking on a large number of maintenance and construction projects to ensure we continue to run a safe railway, and play a continuing role as a true backbone of the economy."

CN is planning to spend approximately $1.4-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 multiyear 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 $100-million to upgrade its feeder network. This investment is part of the $500-million program announced earlier this year to upgrade branch lines that are experiencing rising volumes of traffic.













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