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.

There does appear to be some marginal gains to be had from slowing ships even further, both in terms of fuel consumption and cost. Before making this a mandatory requirement, we agree with Maersk that further evaluation of the unintended consequences is required.

The U.S. exported 107,655 metric tons of beef in March, a 4 percent decline year-over-year, while U.S. pork exports during the month totaled 211,688 metric tons, down 7 percent, according to the U.S. Meat Export Federation.

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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