CN Investing $20 Million in New Brunswick - Seite 2

Maintenance program highlights include:

• Replacement of 8 miles of rail
• Installation of approximately 10,000 new railroad ties
• Rebuilds of 5 road crossing surfaces
• Maintenance work on bridges, culverts, signal systems, and other track infrastructure

New Brunswick in numbers:

• Capital investments: approximately $140 million in the last five years
• Employees: approximately 320
• Railroad route miles operated: 596
• Community partnerships: $279,000 in 2019
• Local spending: $59 million in 2019
• Cash taxes paid: $17 million in 2019

Forest products make up a significant part of the traffic originating or terminating in the province of New Brunswick. CN also handles consumer goods and other intermodal traffic through its terminal in Moncton. Other CN facilities in Moncton include a major rail classification yard as well as an automotive distribution centre and a CargoFlo bulk handling facility. CN’s network extends to the ports of Belledune and Saint John, where the Company has another CargoFlo bulk handling facility.

Forward-looking statements
Certain statements 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. The Company 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 are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.