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HOMEWOOD, Ill. - Canadian National Railway (TSX: CNR) (NYSE: CNI), a prominent player in North American ground transportation with a market capitalization of $65.55 billion, announced plans to invest approximately $75 million in Mississippi as part of its 2025 capital investment program, focusing on track maintenance and strategic infrastructure initiatives.
The investment aims to ensure safe goods movement and support long-term sustainable growth in Mississippi and across CN’s network, according to a company press release.
This follows CN’s approximately $56 million investment in Mississippi during 2024, which included about $250,000 for upgrades at the Jackson railyard and capacity building on the Beaumont Subdivision between Jackson and Collins.
"CN’s commitment to Mississippi strengthens our communities," said Charles Busby, Southern District Transportation Commissioner for the Mississippi Department of Transportation, in a statement included in the announcement.
The railway currently operates approximately 575 route miles in Mississippi and employs about 497 people in the state. In 2024, CN reported local spending of $55 million in Mississippi and paid $15 million in cash taxes.
CN’s rail network spans nearly 20,000 miles across North America, connecting Canada’s Eastern and Western coasts with the U.S. Midwest and Gulf Coast. The company transports more than 300 million tons of goods annually.
The announcement comes as part of CN’s broader capital investment program for 2025, though specific projects in Mississippi were not detailed in the statement.
In other recent news, Canadian National Railway (CN) has announced plans to invest $170 million in Illinois as part of its 2025 capital investment program. This investment will focus on track maintenance and strategic infrastructure initiatives, including the construction of the Chicago Logistics Hub and upgrades at CN’s Homewood Campus. Additionally, CN is committing $80 million CAD for rail infrastructure improvements in New Brunswick and Nova Scotia, aiming to enhance track maintenance and strategic infrastructure in Atlantic Canada. Citi analysts have raised their price target for CN to $124.00, citing the company’s competitive advantage at the Prince Rupert facility. BMO Capital and UBS analysts have both maintained positive ratings on CN stock, reflecting confidence in the company’s growth prospects. BMO Capital highlighted potential strong growth in volumes through the Prince Rupert gateway, while UBS noted expected increases in propane export capacity and container loading. These developments underscore CN’s focus on strengthening its network and expanding capacity to meet future demand.
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