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CN Supports More Than 300 Customer Development Projects Across North America

CN supports over 300 customer projects, boosting supply chains and economic growth across North America with significant capital investments.

Quiver AI Summary

CN announced it is supporting over 300 customer development projects across North America to strengthen supply chains and stimulate economic growth. In 2025, the company facilitated more than 70 projects, contributing over $2 billion in customer investment. In 2026, it has already helped launch 30 projects and aims to complete an additional 70 by early 2027. CN's investment in infrastructure, including a $2.8 billion annual capital program, is focused on enhancing network capacity and resilience. Key ongoing projects include the Zanardi Rapids Bridge and the Glen Valley double-track project, both in British Columbia. These efforts are driving improvements in network efficiency, enabling CN to support growing customer demands and maintain competitive supply chains across North America.

Potential Positives

  • CN is actively supporting over 300 customer development projects, indicating strong demand for its services and a robust network that enhances supply chain efficiency.
  • The company's involvement in customer-led investments, which surpassed $2 billion in 2025, showcases its ability to foster economic growth and attract significant capital into its network.
  • CN's $2.8 billion annual capital investment program in 2026 is aimed at enhancing safety, capacity, and resiliency, reflecting a commitment to infrastructure improvement that supports long-term growth.
  • Recent capacity improvements, increasing corridor capacity by approximately 25 percent, demonstrate CN's effectiveness in meeting growing customer demand while maintaining a reliable service.

Potential Negatives

  • CN's announcement may imply a heavy reliance on ongoing customer investment and development projects, which could pose risks if economic conditions change or if customers reduce their spending.
  • The press release does not provide specific data on project completion rates or satisfaction levels, potentially raising concerns about transparency and the effectiveness of their support for customer projects.
  • Despite significant investment figures, the need for substantial capital investment suggests CN may face challenges related to network capacity and infrastructure resilience moving forward.

FAQ

What customer projects is CN supporting in 2026?

CN is supporting more than 300 customer projects across North America in 2026, with 30 already brought into service.

How much has CN invested in customer projects?

In 2025, CN facilitated over $2 billion in customer investments and expects to continue supporting further projects in 2026.

What infrastructure investments is CN making in 2026?

CN is investing approximately $2.8 billion in 2026 to enhance the safety, capacity, and resiliency of its rail network.

How does CN support major infrastructure projects?

CN aids major infrastructure projects by transporting specialized equipment and materials, crucial for projects like LNG Canada and Site C.

What improvements did CN achieve on the Edson Subdivision?

In 2025, CN completed major improvements on the Edson Subdivision, increasing corridor capacity by approximately 25 percent.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$CNI Hedge Fund Activity

We have seen 343 institutional investors add shares of $CNI stock to their portfolio, and 331 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CNI Analyst Ratings

Wall Street analysts have issued reports on $CNI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

  • Citigroup issued a "Buy" rating on 02/02/2026

To track analyst ratings and price targets for $CNI, check out Quiver Quantitative's $CNI forecast page.

$CNI Price Targets

Multiple analysts have issued price targets for $CNI recently. We have seen 9 analysts offer price targets for $CNI in the last 6 months, with a median target of $134.0.

Here are some recent targets:

  • Ariel Rosa from Citigroup set a target price of $141.0 on 07/09/2026
  • Christian Wetherbee from Wells Fargo set a target price of $135.0 on 07/08/2026
  • Jonathan Chappell from Evercore ISI Group set a target price of $124.0 on 06/25/2026
  • Kevin Chiang from CIBC set a target price of $185.0 on 06/25/2026
  • Brandon Oglenski from Barclays set a target price of $109.0 on 06/25/2026
  • Ken Hoexter from B of A Securities set a target price of $134.0 on 06/23/2026
  • Walter Spracklin from RBC Capital set a target price of $178.0 on 04/30/2026

Full Release

MONTREAL, July 30, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it is supporting the development of more than 300 customer development projects across its North American network, reinforcing its role in strengthening supply chains and powering economic growth.

In 2025, CN helped bring more than 70 customer projects into service, representing over $2 billion in customer investment across its network. So far in 2026, CN has helped bring 30 customer-led projects into service and is on track to complete an additional 70 projects by the end of 2026 and into early 2027.

"Our customers are making significant investments because they have confidence in the strength of CN's network and our ability to grow alongside them. We've invested in the capacity, infrastructure and operating model needed to support new business while continuing to improve network fluidity. That allows us to move more traffic safely and efficiently while giving customers the confidence to invest, expand and bring new industrial projects online across North America."

– Sandra Ellis, Vice-President, Bulk, Industrial and Business Development, CN

Beyond supporting customer growth across its network, CN also plays a critical role in supporting the construction of major infrastructure projects. From moving specialized equipment and construction materials for the LNG Canada project in Kitimat, B.C., to supporting the BC Hydro Site C project, CN's network and supply chain expertise helped deliver the materials needed to advance these transformative investments.

In 2026, CN is investing approximately $2.8 billion through its annual capital investment program, strengthening the safety, capacity and resiliency of its network. Key projects include the Zanardi Rapids Bridge Project in Prince Rupert, and the Glen Valley double-track project in British Columbia, both of which will increase rail capacity and support future growth across Western Canada.

CN’s capital investments are already delivering results. Major capacity improvements completed in 2025 along CN's Edson Subdivision have increased corridor capacity by approximately 25 percent, helping CN support growing customer demand while maintaining a safe, fluid and reliable network.

CN continues to work closely with customers and supply chain partners to bring new projects online, supporting long-term economic growth while strengthening the resilience and competitiveness of North American supply chains.

About CN
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 U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:
Media Investment Community
Ashley Michnowski Jamie Lockwood
Senior Manager Vice-President
Media Relations Investor Relations and Special Projects
(438) 596-4329 (514) 399-0052
media@cn.ca
investor.relations@cn.ca



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