MONTREAL, Que. – CN Railway is increasing its capital spending by 4% to $1.6 billion next year to accommodate an expected increase in freight volumes.
The railway will invest $1.6 billion in 2007, including $350 million on tracks in Western Canada. The company is increasing its capital spending as it expects growing trade volumes with Asia.
Among the projects are: Extended sidings and double-stack clearances on the railway’s BC North Line which will be used to move container traffic from the Prince Rupert Intermodal Terminal; increased capacity between Winnipeg and Chicago; and continued upgrading of the freight car classification yard in Memphis, Tenn.
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