Latest news with #TracyRobinson
Yahoo
2 days ago
- Business
- Yahoo
CN to Invest $50 Million in Louisiana to Build Capacity and Power Sustainable Growth
HOMEWOOD, Ill., June 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$50 million in Louisiana, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes projects to build capacity in New Orleans area and upgrades to improve operations at CN's Geismar railyard. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Louisiana and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Louisiana 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 'I applaud CN for their investment in the State of Louisiana. The implementation of strategic infrastructure initiatives, projects to increase operational capacity, and planned system wide upgrades will continue to show CN's commitment to safely move freight through the cities and parishes of Louisiana. This investment also shows CN's commitment and partnership toward ensuring our vision of economic growth and prosperity is realized for citizens of Louisiana.' - The Honorable Jeff Landry, Governor of Louisiana In 2024, CN invested approximately US$52 million in Louisiana for track maintenance and key infrastructure initiatives. A highlight from this investment includes over $18 million for bridge upgrades in New Orleans. Louisiana in Numbers: Capital investments: More than US$ 52 million in 2024 Employees: approximately 330 Railroad route miles operated: 227 Community investments: US$ 72,000 in 2024 Local spending: US$25 million in 2024 Cash taxes paid: US$9.2 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 CNCN 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 Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@ in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
CN to Invest $38 Million in Iowa to Build Capacity and Power Sustainable Growth
HOMEWOOD, Ill., June 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$38 million in Iowa, 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 Iowa and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Iowa 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 $38 million investment into our state's infrastructure is a big win for Iowa's farmers, businesses, and communities. This project will not only improve the resiliency and efficiency of transporting Iowa products across North America, but it will also create jobs and support long-term sustainable growth in Iowa. Investments like this help ensure Iowa remains a leader in feeding and fueling the world, and I'm grateful to have CN invest in Iowa's future." - U.S. Congresswoman Ashley Hinson, Iowa's 2nd Congressional District In 2024, CN invested approximately US$31 million in Iowa for track maintenance and key infrastructure initiatives. Highlights of this investment include: Approximately US$1.4 million to upgrade the track and build capacity on CN's Osage Subdivision near Cedar Rapids Over US$1 million towards upgrades at CN's Waterloo rail yard to improve operations. Iowa in Numbers: Capital investments: More than US$ 31 million in 2024 Employees: approximately 258 Railroad route miles operated: 572 Community investments: US$ 98,000 in 2024 Local spending: US$29 million in 2024 Cash taxes paid: US$6.2 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 CNCN 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 Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
CN to Report Second-Quarter 2025 Financial and Operating Results on July 22, 2025
MONTREAL, June 30, 2025 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2025 financial and operating results after the market close on July 22, 2025. CN's senior officers will review the results and the railway's outlook in a conference call starting at 4:30 p.m. Eastern Time on July 22. Tracy Robinson, CN President and Chief Executive Officer, will lead the call. Parties wishing to participate via telephone may dial 1-800-715-9871 (Canada/U.S.), or 1-647-932-3411 (International), using 7456934 as the passcode. Participants are advised to dial in 10 minutes prior to the call. CN will webcast the presentation live and furnish slides supporting the officers' remarks via the Investors section of its website at . A webcast replay will be available after the call ends. 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. Contacts:
Hamilton Spectator
25-06-2025
- Business
- Hamilton Spectator
CN Releases 2024 Sustainability Data Supplement
MONTREAL, June 25, 2025 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today the release of its 2024 Sustainability Data Supplement, reaffirming its commitment to Delivering Responsibly . In recognition of its sustainability efforts, for the seventeenth year in a row, CN was named to the Corporate Knights Best 50 Corporate Citizens list. 'At CN, sustainability isn't a separate track — it's part of how we run the railroad. From reducing emissions to investing in innovation, we're taking clear, measurable steps that matter. Our progress is driven by the dedication of our railroaders and our ongoing commitment to delivering for our customers, communities, and future generations.' - Tracy Robinson, President and Chief Executive Officer at CN CN 2024 Sustainability Data Supplement CN continues to progress towards its sustainability goals and to communicate its progress with focus, clarity and comparability, as highlighted in the Company's newly released 2024 Sustainability Data Supplement report . Key highlights from the 2024 report include: CN is charting the course for a sustainable future. CN is focused on moving customer goods safely and efficiently, being environmentally responsible, attracting and developing talented railroaders, and helping build safer, stronger communities, all while adhering to the highest standards of governance and supporting shareholder value. 2025 Best 50 Corporate Citizens CN is proud to be listed among the Best 50 Corporate Citizens list, which is an annual ranking of corporate sustainability performance for Canadian businesses. The list is Corporate Knights' flagship ranking of corporate citizenship in Canada. To determine the ranking, Corporate Knights analyzed 344 large Canadian organizations against Canadian and global industry peers on a suite of 25 quantitative key performance indicators covering resource management, employee management, financial management, sustainable revenue and sustainable investment and supplier performance. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit 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, including relating to CN's sustainability-related strategies and targets and commitments, including CN's climate goals and expected benefits of new technologies. 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. Contacts :
Yahoo
25-06-2025
- Business
- Yahoo
CN Releases 2024 Sustainability Data Supplement
CN ranked once again on Corporate Knights' 2025 Best 50 Corporate Citizens MONTREAL, June 25, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today the release of its 2024 Sustainability Data Supplement, reaffirming its commitment to Delivering Responsibly. In recognition of its sustainability efforts, for the seventeenth year in a row, CN was named to the Corporate Knights Best 50 Corporate Citizens list. 'At CN, sustainability isn't a separate track — it's part of how we run the railroad. From reducing emissions to investing in innovation, we're taking clear, measurable steps that matter. Our progress is driven by the dedication of our railroaders and our ongoing commitment to delivering for our customers, communities, and future generations.' - Tracy Robinson, President and Chief Executive Officer at CN CN 2024 Sustainability Data SupplementCN continues to progress towards its sustainability goals and to communicate its progress with focus, clarity and comparability, as highlighted in the Company's newly released 2024 Sustainability Data Supplement report. Key highlights from the 2024 report include: Climate: CN reduced its total absolute Scope 1, 2, and 3 greenhouse gas (GHG) emissions by approximately 4% from 2023. So far, CN has made a 27% progress towards its 2030 science-based target for Scope 1 and 2. Safety: Operational safety improved, with a near 8% reduction in the accident rate from 2023. However, the personal injury frequency rate increased by 8% from 2023, highlighting areas for continued focus. Indigenous Reconciliation: CN launched its inaugural Indigenous Reconciliation Action Plan (IRAP), outlining 16 measurable commitments for advancing reconciliation over the next three years, in Canada. Economic Impact: Operating across Canada and the United States with approximately 25,000 employees, CN distributed over $15 billion in direct economic value. In 2024, CN's capital investments were approximately $3.5 billion. CN is charting the course for a sustainable future. CN is focused on moving customer goods safely and efficiently, being environmentally responsible, attracting and developing talented railroaders, and helping build safer, stronger communities, all while adhering to the highest standards of governance and supporting shareholder value. 2025 Best 50 Corporate Citizens CN is proud to be listed among the Best 50 Corporate Citizens list, which is an annual ranking of corporate sustainability performance for Canadian businesses. The list is Corporate Knights' flagship ranking of corporate citizenship in Canada. To determine the ranking, Corporate Knights analyzed 344 large Canadian organizations against Canadian and global industry peers on a suite of 25 quantitative key performance indicators covering resource management, employee management, financial management, sustainable revenue and sustainable investment and supplier performance. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit 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, including relating to CN's sustainability-related strategies and targets and commitments, including CN's climate goals and expected benefits of new technologies. 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 CNCN 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 Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329media@ (514) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
