Canadian railway CN (NYSE: CNI) is investing C$985 million (US$720.1 million) in capital improvement projects in the provinces of Alberta, British Columbia and Quebec in 2020.
The capital projects come as CN has laid out its long-term intentions to bolster its eastern operations while also expanding network capacity in western Canada to handle greater export volumes. CN’s overall capital budget for 2020 is $2.9 billion, and executives have said that CN will use the lower-volume environment of...
https://s29755.pcdn.co/news/cn-plans-nearly-c1-billion-in-capital-projects