CN Investing $35 Million in Iowa - Seite 2

Maintenance program highlights include:             

• Installation of over 95,000 new railroad ties
• Rebuilds of 19 road crossing surfaces
• Maintenance work on bridges, culverts, signal systems, and other track infrastructure

Iowa in numbers:

• Capital investments: More than $200 million in the last five years
• Employees: approximately 262
• Railroad route miles operated: 574
• Community partnerships: $47,000 in 2019
• Local spending: $24 million in 2019
• Cash taxes paid: $4 million in 2019

Through CN’s subsidiary, the Chicago, Central & Pacific Railroad, CN’s rails stretch the breadth of Iowa, from the Missouri River in the west to the Mississippi in the east. CN carries a wide variety of manufactured and industrial products like food, machinery, electrical equipment, chemical products and primary metals. In addition to serving local businesses, CN’s ethanol franchise is centred in the Hawkeye State with several plants along the route between Dubuque and Sioux City and Council Bluffs.

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.