11:18 AM EDT, 05/15/2025 (MT Newswires) -- Canadian National Railway ( CNI ) , up 1.4% on last look, on Thursday said it will invest $3.4 billion in capital projects this year, net of customer reimbursements.

This year's capital program includes $2.9 billion allocated to the company's maintenance and strategic infrastructure initiatives across Canada and the United States. Projects already underway include over 225 miles of new rail installation and eight capacity building projects in Western Canada scheduled to come online by the end of this year.

CN is also allocating over $500 million to upgrade and expand its rolling stock.

Last year, CN invested $3.5 billion, of which $1.7 billion was spent to maintain its network, particularly track infrastructure.

The company's shares were last seen up $2.05. to $150.75, on the Toronto Stock Exchange.

Price: 150.93, Change: +2.23, Percent Change: +1.50