Ms. Tracy Robinson reports

CN TO INVEST $38 MILLION IN IOWA TO BUILD CAPACITY AND POWER SUSTAINABLE GROWTH

Canadian National Railway Company plans to invest approximately $38-million (U.S.) in Iowa, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Iowa and across CN's network.

"We believe that investing in our network is about building for the future. Our continued infrastructure investment in Iowa will help strengthen the resiliency and efficiency of our network across the state. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across communities where we operate," said Tracy Robinson, president and chief executive officer of CN.

"CN's $38-million investment into our state's infrastructure is a big win for Iowa's farmers, businesses and communities. This project will not only improve the resiliency and efficiency of transporting Iowa products across North America, but it will also create jobs and support long-term sustainable growth in Iowa. Investments like this help ensure Iowa remains a leader in feeding and fueling the world, and I'm grateful to have CN invest in Iowa's future," said U.S. Congresswoman Ashley Hinson, Iowa's second congressional district.

In 2024, CN invested approximately $31-million (U.S.) in Iowa for track maintenance and key infrastructure initiatives. Highlights of this investment include:

• Approximately $1.4-million (U.S.) to upgrade the track and build capacity on CN's Osage subdivision near Cedar Rapids;
• Over $1-million (U.S.) toward upgrades at CN's Waterloo rail yard to improve operations.

Iowa in numbers:

• Capital investments: more than $31-million (U.S.) in 2024;
• Employees: approximately 258;
• Railroad route miles operated: 572;
• Community investments: $98,000 (U.S.) in 2024;
• Local spending: $29-million (U.S.) in 2024;
• Cash taxes paid: $6.2-million (U.S.) in 2024.

About Canadian National Railway Company

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the United States Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.