Canadian National Railway Company plans to invest approximately $430 million in Ontario and $365 million in Alberta this year.
The Montreal-based company says the investments will be in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.
Omar Alghabra, Transportation minister, said in a news release that the investments will help to “improve the fluidity of (Canada’s) rail network against the unprecedented disruptions to service” that have occurred since 2020.
CN Rail has invested more than $1 billion in Ontario and in Alberta since 2017.
The announcement follows days where 750 CN Rail workers from across the country, represented by the International Brotherhood of Electrical Workers, hit the picket line. The signal and communications workers are fighting for better wages and benefits.
CN says operations remain uninterrupted under its contingency plan. It continues to encourage the union to end the strike through an agreement or binding arbitration.
For more information visit www.cn.ca