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CN said it plans to invest approximately US$100 million in Tennessee in 2019 to strengthen the companys rail network across the state.
Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers, said Derek Taylor, Vice-President of CNs Southern Region. This year, we are continuing to invest to boost capacity and network resiliency and to meet growing traffic on our corridors across Tennessee.
The Tennessee investments are part of CNs 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently. Over two years, CN will have made a US$5.7-billion capital investment.
With Tennessees continuing growth, there is an increased demand on our infrastructure to keep operations running smoothly. CNs investment in our state not only strengthens that infrastructure but it also lays the groundwork for continued economic growth for years to come, said Governor Bill Lee.
CN is currently deploying important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars, Automated Inspection Portals, and the Positive Train Control System. These innovations, combined with CNs investments in locomotives, capacity, infrastructure, and train crews, will support the safe and efficient movement of our customers goods to their end markets.