📋 Tender Overview
CN TSX CNR announced that as part of its strategic investments to support growing demand and enable supply chains it plans to invest approximately 25 million USD across Minnesota in 2020. The investments will focus on docks repairs replacement of rail and ties maintenance of bridges level crossings culverts signal systems and other track infrastructure.We take our essential role in the North American economy seriously and these investments in Minnesota are a key part of our strategy to support growth. The Company remains committed to help enable supply chains that fuel Minnesotas growth as we are a critical part of getting everyday goods to markets and consumers. Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.Derek Taylor Vice-President Eastern Region at CNInvestment in rail transportation infrastructure is critical to long-term economic growth and jobs across Minnesota. CNs sustained commitment to robust freight rail investment and continued partnership will go a long way as Minnesota charts a bold path to economic recovery.Margaret Anderson Kelliher Minnesota Department of Transportation CommissionerThe Companys investments will create greater capacity which supports reductions in its customers transportation supply chain GHG emissions by encouraging the use of rail for long haul needs. This reduces emissions traffic congestion accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75. The Company will continue to deploy important safety enhancing technologies across its network such as the Autonomous Track Inspection Program Distributed Air Cars and Automated Inspection Portals.Maintenance program highlights includeReplacement of more than 10 miles of railInstallation of over 4700 new railroad tiesRebuilds of 10 road crossing surfacesMaintenance work on docks culverts signal systems and other track infrastructureMinnesota in numbersCapital investments More than 175 million in the last five yearsEmployees approximately 512Railroad route miles operated 426Community partnerships 90000 in 2019Local spending 129 million in 2019Cash taxes paid 13 million in 2019The North Star State is home to CNs Iron Ore Supply Chain which brings taconite pellets from the Minnesota Iron Range mines to the CN docks in Duluth and Two Harbors. There the pellets are loaded onto Great Lakes ships for transport to the lower Great Lakes. CNs major facilities in Minnesota include an intermodal terminal in Duluth a rail classification yard and railcarlocomotive repair shop in Proctor a yard near the Two Harbors iron ore dock and the Duluth iron ore dock itself.
