On February 10, 2016, CN announced further details of its 2016 capital investment guidance of $2.9 billion. CN plans to spend $1.5 billion on track infrastructure, $600 million on rolling stock equipment, $400 million on Positive Train Control (PTC) technology, and $400 million on other initiatives. CN will spend 52% of its capital investment or $1.5 billion on track infrastructure, including replacements of rail and ties, bridge maintenance (this alone took $100 mm in 2015, or about $500,000/br ....

10 Feb 2016
CANADIAN NATIONAL RAILWAY COMPANY (CNR) DETAILS ITS $2.9 BILLION OF CAPITAL INVESTMENT FOR 2016

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CANADIAN NATIONAL RAILWAY COMPANY (CNR) DETAILS ITS $2.9 BILLION OF CAPITAL INVESTMENT FOR 2016
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
- Published:
10 Feb 2016 -
Author:
Steven I. Paget -
Pages:
2 -
On February 10, 2016, CN announced further details of its 2016 capital investment guidance of $2.9 billion. CN plans to spend $1.5 billion on track infrastructure, $600 million on rolling stock equipment, $400 million on Positive Train Control (PTC) technology, and $400 million on other initiatives. CN will spend 52% of its capital investment or $1.5 billion on track infrastructure, including replacements of rail and ties, bridge maintenance (this alone took $100 mm in 2015, or about $500,000/br ....