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Rail News Home Canadian National Railway - CN 7/1/2022 Rail News: Canadian National Railway - CN
CN this week announced it earned a place on the Corporate Knights Best 50 Corporate Citizens list for the fourteenth consecutive year.The ranking is created by media firm Corporate Knights, which assesses Canadian organizations based on key performance indicators related to the management of resources, employees and financials."CN believes in delivering responsibly. This means moving our customers’ goods safely and efficiently, ensuring we deliver in an environmentally responsible manner; attracting, developing, and retaining top diverse talent; helping to make the communities we serve safer and stronger; and adhering to the highest ethical standards," said CN President and CEO Tracy Robinson in a press release.The Class I has made the list every year since 2008 due to its commitment to reduce emissions and improve its carbon intensity, CN officials said. The railroad has also joined the Business Ambition for 1.5°C and the United Nations' Race to Zero campaigns.Meanwhile, CN also announced two more capital expenditure budgets for 2022 projects in Iowa and Michigan. The railroad plans to spend $55 million in Michigan and $20 million in Iowa.Combined, the projects call for replacing 18 miles of rail, installing 59,000 new ties, rebuilding 33 grade crossing surfaces and performing maintenance work on bridges culverts, signal systems and other track infrastructure.CN has announced similar capex budgets for the states of Illinois, Louisiana, Minnesota, Mississippi, Tennessee and Wisconsin, and the provinces of Alberta, British Columbia, Manitoba, Nova Scotia and Quebec.