MONTREAL — Canadian National Railway says it intends to spend $2.9 billion this year to enhance its efficiency, support long-term growth and strengthen safety.
CN’s capital budget for 2016 includes $1.5 billion for track infrastructure.
That includes rail replacement, bridge improvements and branch line upgrades.
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CN can also be budgeting $600 million on its fleet of railcars and 90 new locomotives.
The Montreal-based company also plans to spend $400 million on productivity and repair improvements along with a further $400 million to begin installing new technology on servings of its U.S. rail network.
