CN Announces $60 Million Investment in Minnesota for Infrastructure and Track Maintenance Projects

CN plans a US$60 million investment in Minnesota for track maintenance and infrastructure enhancements to support economic growth.

Quiver AI Summary

CN announced plans to invest around US$60 million in Minnesota as part of its 2025 capital investment program, focusing on track maintenance and infrastructure projects to ensure safe transportation and support sustainable economic growth. This investment builds on a previous US$77 million invested in 2024, which included upgrades to the Two Harbors rail yard and the Duluth Iron Ore Dock. CN's President, Tracy Robinson, emphasized the importance of infrastructure investments for future resilience and efficiency, while Two Harbors Mayor Lew Conner highlighted the job security these projects will provide to local residents. Overall, CN aims to strengthen its network while enhancing service and supporting the economy of Minnesota and North America.

Potential Positives

• CN is committing approximately US$60 million to invest in Minnesota, supporting track maintenance and strategic infrastructure initiatives, which promotes safe movement of goods and sustainable growth.
• The investment is expected to strengthen the resiliency and efficiency of CN's network, benefiting customers and supply chain partners across North America.
• CN's investments will directly impact job security for residents in communities like Two Harbors, demonstrating the company's commitment to local economies.
• This initiative builds on CN's previous investment of approximately US$77 million in Minnesota in 2024, indicating a sustained commitment to the region and its infrastructure.

Potential Negatives

• Despite the significant investment announced, the release emphasizes uncertainties associated with the forward-looking statements, indicating potential risks to the investment outcomes.


• The previous year's investment in Minnesota of approximately US$77 million slightly surpasses the current year's US$60 million, which may raise concerns about the company's commitment to maintaining or increasing its capital investment in essential infrastructure.


• The forward-looking statements caution that current economic conditions could impact the company's assumptions, suggesting vulnerability to market fluctuations that could affect future performance.

FAQ

What is CN's planned investment in Minnesota?

CN plans to invest approximately US$60 million in Minnesota for track maintenance and infrastructure initiatives as part of its 2025 program.

How will the investment benefit Minnesota?

The investment will enhance safe movement of goods and support long-term sustainable growth in Minnesota's economy and transportation network.

What specific enhancements are planned for Two Harbors?

CN will add a new loop track and upgrade the rail yard in Two Harbors to improve efficiency and solidify local jobs.

How much did CN invest in Minnesota in 2024?

In 2024, CN invested approximately US$77 million in Minnesota for track maintenance and key infrastructure initiatives.

Who should I contact for more information about CN's investments?

For more information, contact Ashley Michnowski for media inquiries and Stacy Alderson for investor relations.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$CNI Congressional Stock Trading

Members of Congress have traded $CNI stock 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $CNI stock by members of Congress over the last 6 months:

• REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 01/15.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$CNI Hedge Fund Activity

We have seen 315 institutional investors add shares of $CNI stock to their portfolio, and 482 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• TCI FUND MANAGEMENT LTD removed 5,743,513 shares (-16.2%) from their portfolio in Q4 2024, for an estimated $583,024,004
• MANUFACTURERS LIFE INSURANCE COMPANY, THE added 1,439,617 shares (+37.3%) to their portfolio in Q1 2025, for an estimated $140,305,072
• WELLINGTON MANAGEMENT GROUP LLP removed 1,340,861 shares (-7.7%) from their portfolio in Q1 2025, for an estimated $130,680,313
• CIBC WORLD MARKET INC. added 1,215,571 shares (+22.8%) to their portfolio in Q1 2025, for an estimated $118,469,549
• PRICE T ROWE ASSOCIATES INC /MD/ added 1,148,569 shares (+20.9%) to their portfolio in Q1 2025, for an estimated $111,939,534
• QUADRATURE CAPITAL LTD added 1,148,400 shares (+108.1%) to their portfolio in Q1 2025, for an estimated $111,923,064
• TROY ASSET MANAGEMENT LTD added 1,055,089 shares (+inf%) to their portfolio in Q1 2025, for an estimated $102,828,973

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$CNI Analyst Ratings

Wall Street analysts have issued reports on $CNI in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

• Scotiabank issued a "Outperform" rating on 06/06/2025
• Susquehanna issued a "Positive" rating on 05/06/2025
• Loop Capital Markets issued a "Sell" rating on 02/03/2025
• Jefferies issued a "Buy" rating on 01/10/2025

To track analyst ratings and price targets for $CNI, check out Quiver Quantitative's $CNI forecast page.

$CNI Price Targets

Multiple analysts have issued price targets for $CNI recently. We have seen 3 analysts offer price targets for $CNI in the last 6 months, with a median target of $120.0.

Here are some recent targets:

• An analyst from Susquehanna set a target price of $113.0 on 03/27/2025
• Benjamin Nolan from Stifel Nicolaus set a target price of $120.0 on 01/16/2025
• Stephanie Moore from Jefferies set a target price of $120.0 on 01/10/2025

Full Release

HOMEWOOD, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$60 million in Minnesota, as part of its

2025 capital investment program

. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Minnesota and across CN’s network.

“We believe that investing in our network is about building for the future. Our continued infrastructure investment in Minnesota will help strengthen the resiliency and efficiency of our network across the state. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across communities where we operate.”

- Tracy Robinson, President, and Chief Executive Officer of CN

“CN’s significant investments in Two Harbors, Minnesota, to enhance its operations and infrastructure including the addition of a new loop track and upgrading its rail yard.  While improving CN’s efficiency it also solidifies jobs for Two Harbors residents.  These investments reinforce CN’s commitment not only to Two Harbors, but to supporting Minnesota’s iron ore supply chain and strengthening its transportation network.”

- Lew Conner, Mayor, Two Harbors, Minnesota

In 2024, CN invested approximately US$77 million in Minnesota for track maintenance and key infrastructure initiatives. Highlights of this investment include:

- Over US$9 million to upgrade and improve operations at CN’s Two Harbors rail yard

- More than US$2.5 million to upgrade and build capacity at CN’s Duluth Iron Ore Dock

Minnesota in Numbers



:

• 
  Capital investments: Approximately US$ 77 million in 2024
  


• 
  Employees: approximately 569
  


• 
  Railroad route miles operated: 426
  


• 
  Community investments: US$ 60,000 in 2024
  


• 
  Local spending: US$117 million in 2024
  


• 
  Cash taxes paid: US$19 million in 2024
  

CN Forward-Looking Statements



Certain statements by CN included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

About CN



CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.