Taxonomy: Infrastructure

CN to invest $111 million across three states

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

CN to invest $111 million across three states

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

CN to invest $111 million across three states

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

 

   Canadian National Railway announced last week it will invest about $111 million across three states in 2019 as part of its $2.9 billion capital investment plan.
    The Class I railroad plans to invest about $50 million in Michigan, $45 million in Mississippi and more than $16 million in Kentucky. The investments in all three states include maintenance work on bridges, culverts, signal systems and other track infrastructure.
    In Michigan, CN will replace about five miles of the 908 railroad miles it operates, install about 50,000 new rail ties and rebuild 32 road crossing surfaces. The company plans to replace about eight miles of the 575 miles it operates in Mississippi, as well as install approximately 75,000 new rail ties and rebuild 20 road crossing surfaces. CN also will install about 30,000 new railroad ties in Kentucky, where it operates 98 miles of railroad.
    The latest announcements bring CN’s 2019 capital expenditure plan to nearly $700 million spread across eight states. It also announced $80 million to be invested in Minnesota and $505 million in capital projects across Illinois, Louisiana, Tennessee and Wisconsin.

Louisiana is said to be the hardest-hit state by proposed tariffs overall, with the vast majority of that impact coming from soybeans. Not because we are the top soy-producing state, but because we are the gateway port for that product to the rest of the world.

BlueWater Reporting’s database shows 57 container services operate on the Asia to North America (U.S. and Canada) trade, with the OCEAN Alliance operating 19 services, THE Alliance operating 14 services, and the 2M Alliance operating 10 services (two of which are jointly operated with ZIM).

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CN to invest $111 million across three states

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

Apr 22, 2019 on Dec 27, 2018AmericanShipper.com

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CN to invest $111 million across three states

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

Apr 22, 2019 on Dec 27, 2018AmericanShipper.com