CN Plans $145M Rail Investments in Minnesota, Michigan for 2025

Canadian National Railway (CNI) announced a $60 million investment in Minnesota as part of its 2025 capital program to enhance track maintenance and key infrastructure, aiming to improve network resilience, safety, and freight movement efficiency. Significant projects include installing a new loop track and modernizing the rail yard in Two Harbors, which will support local jobs and bolster Minnesota's iron ore supply chain. CN emphasizes that these investments strengthen its network's resiliency and efficiency, supporting sustainable economic growth across North America and benefiting local communities. In 2024, CN invested $77 million in Minnesota, including upgrades at Two Harbors and the Duluth Iron Ore Dock, with plans to continue building capacity and improving operations. Analysts maintain an "Outperform" rating on CNI, with an average price target implying potential upside from the current trading price. CN highlights that these investments align with its commitment to exceptional service for customers and supply chain partners, fostering strong economic growth and network sustainability.