CN unveils $3.4B capital program to boost rail capacity and safety

Canadian National Railway says it will invest about $3.4 billion this year in capital projects aimed at expanding capacity, enhancing safety and supporting sustainable growth across its North American network.

The 2025 capital program includes roughly $2.9 billion allocated to maintenance and strategic infrastructure in Canada and the U.S., with more than 225 miles of new rail and eight capacity-building projects already underway in Western Canada.

The company is also investing more than $500 million to upgrade and expand its rolling stock, reinforcing its focus on safe, reliable and efficient service.

“At CN, we believe investing in our network is investing in the future of North American supply chains,” said Tracy Robinson, president and CEO of CN. “Our 2025 capital program reflects a clear focus on strengthening the resilience, efficiency, and sustainability of our operations. These investments are about delivering exceptional service today — and building a safer, more connected tomorrow for our customers, employees, supply chain partners and the economy.”

Last year, CN invested approximately $3.5 billion, including $1.7 billion directed at maintaining the safety and integrity of its network.

Highlights from 2024 included a $75 million siding extension in Greater Chicago, a $7.6 million initial investment in the Holdom Overpass project in Greater Vancouver and over $60 million toward the MacMillan Yard fuel terminal in Vaughan, Ont.