CN plans $1.7 billion capital spend in 2011
Canadian National Railway said Wednesday it plans to invest $1.7 billion in 2011, including $1 billion on track infrastructure it said would maintain safe railway operations and improve its network's productivity and fluidity.
Plans include replacement of rail, ties and other track materials and bridge improvements, as well as rail line improvements on the Elgin, Joliet and Eastern Railway Co., which connects CN’s five rail lines entering Chicago.
In addition CN plans to spend:
' $200 million on equipment, including new fuel-efficient locomotives and new freight cars.
' $500 million on facilities to grow the business, including transloads and distribution centers to serve offline customers, new information technology to support operational and service excellence, and other projects to increase productivity.
