CN to Invest $320mln in Ontario
Canadian National Railway (CN) said that it plans to invest approximately $320 million in Ontario in 2019 to expand and strengthen the company’s rail network across the province.
CN’s Ontario rail network stretches across the province, and the GTHA is home to MacMillan Yard, CN’s largest rail car classification facility, and Brampton Intermodal Terminal, CN’s largest intermodal facility.
“Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Doug MacDonald, Vice-President of CN’s Eastern Region. “This year, we are continuing to invest to boost capacity and network resiliency and to meet growing traffic on our corridors across Ontario.”
The Ontario investments are part of CN’s 2019 record $3.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently. Over two years, CN will have made a $7.4-billion capital investment.
“We welcome CN’s investment in important railway infrastructure across Ontario,” said Marco Mendicino, Member of Parliament for Eglinton–Lawrence. “These annual investments improve safety and operating efficiency and boost economic output. Focusing on strategic assets will support Canada’s trade network and bring Canadian goods to market more efficiently.”
CN is currently deploying important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars, and Automated Inspection Portals. These innovations, combined with CN’s investments in locomotives, capacity, infrastructure, and train crews, will support the safe and efficient movement of our customers’ goods to their end markets.