CN to Invest $20 Million in Indiana to Build Capacity and Power Sustainable Growth

HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$20 million in Indiana in 2025, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments to increase capacity and upgrade rolling stock. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Indiana and across CN’s network.

“We believe that investing in our network is about building for the future. Our continued infrastructure investment in Indiana 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

“As a leader in the rail industry, CN reflects our Hoosier values of hard work and common sense. Whether it’s manufacturing or agriculture, CN plays a crucial role in driving the success of Indiana’s industries. We appreciate their continued investment in our workforce, economy, and communities.”

• U.S. Congressman Rudy Yakym, Indiana’s 2^nd Congressional District

In 2024, CN invested approximately US$28 million in Indiana for track maintenance and key infrastructure initiatives. Highlights from this investment includes over $2 million for projects to upgrade operations at CN’s Kirk railyard and approximately $400 000 for the purchase of equipment, including vehicles and tractors to be used in Indiana and across the network.

Indiana in Numbers:

• Capital investments: More than US$ 28 million in 2024
• Employees: approximately 419
• Railroad route miles operated: 102
• Community investments: US$ 120,000 in 2024
• Local spending: US$66 million in 2024
• Cash taxes paid: US$4.7 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.