CN to invest $80 million in Minnesota

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

CN to invest $80 million in Minnesota

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

CN to invest $80 million in Minnesota

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

 

   Canadian National Railway announced last week it will invest more than $80 million in Minnesota in 2019 as part of its $2.9 billion capital investment plan.
    Planned expansion projects include the construction of a new train passing sliding near Glendale, located in northern Minnesota, and investments for the development of the positive train control system. The investment also includes the installation of about 85,000 new railroad ties, rebuilds of 23 road crossing surfaces, replacement of more than 10 miles of the 429 railroad miles operated in the state and maintenance work on bridges, culverts, signal systems and other track infrastructure.
    “From farmers to manufacturers, so many critical sectors of Minnesota’s economy are dependent on a functioning railway system,” said Rep. Pete Stauber (pictured above), R-Minn., in a statement. “As a member of the Transportation and Infrastructure Committee, I am committed to improving our rail infrastructure and am thankful that CN shares that commitment.”
    CN’s announcement of its Minnesota plan came days after it said it will invest a combined $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.

In terms of U.S. truckload freight, in April, van spot rates averaged $1.81 per mile, flatbed spot rates averaged $2.34 per mile and reefer spot rates averaged $2.15 per mile, according to DAT Solutions.

Most Popular
Latest News
Social Media

Loading...

EU tariffs on U.S. goods eyed in aircraft subsidy case

EU tariffs on U.S. goods eyed in aircraft subsidy case

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

CN to invest $80 million in Minnesota

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

Apr 16, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

CN to invest $80 million in Minnesota

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

Apr 16, 2019 on Dec 27, 2018AmericanShipper.com