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CN announced plans to invest approximately $55 million in Michigan in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Michigan and everywhere on CN's transcontinental network.

CN announced plans to invest approximately $20 million in Iowa in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Iowa and everywhere on CN's transcontinental network.

Canadian Pacific announced three collective bargaining agreements have been ratified by employees of CP's Dakota, Minnesota & Eastern South; Central Maine & Quebec U.S. and Central Maine & Quebec Canada subsidiaries. The agreements, reached on CP properties in Maine, the U.S. Midwest and parts of Quebec, provide higher hourly wages for all employees. They affect a total of approximately 430 employees represented by United Steel Workers Local 1976 on the CMQ Canada, SMART Transportation Division representing all employees on the CMQ U.S. and the Brotherhood of Locomotive Engineers and Trainmen representing all train and engine employees on the DM&E South. "CP welcomes the ratification of these three recently negotiated agreements that bring wage increases to hundreds of our dedicated employees," said Mark Redd, CP Executive Vice-President Operations. "We continue to work productively with all of our union partners to achieve long-term agreements that meet the needs of CP's growing business and our industry-leading railroaders." Major CP crew bases that fall under the agreements include Ottumwa, Davenport, Marquette and Mason City, Iowa; Kansas City, Mo.; Savanna, Ill.; Brownville Junction, Maine; and Farnham, Que. CP is hiring for various positions at all of these locations in 2022, with immediate openings.

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending June 25. For this week, total U.S. weekly rail traffic was 493,374 carloads and intermodal units, down 4.4% compared with the same week last year. Total carloads for the week ending June 25 were 229,857 carloads, down 3.1% compared with the same week in 2021, while U.S. weekly intermodal volume was 263,517 containers and trailers, down 5.5% compared to 2021. Four of the 10 carload commodity groups posted an increase compared with the same week in 2021. They included chemicals, up 1,103 carloads, to 32,742; farm products excl. grain, and food, up 655 carloads, to 16,396; and nonmetallic minerals, up 500 carloads, to 33,631. Commodity groups that posted decreases compared with the same week in 2021 included coal, down 4,554 carloads, to 62,041; metallic ores and metals, down 1,999 carloads, to 21,907; and miscellaneous carloads, down 1,885 carloads, to 8,928. North American rail volume for the week ending June 25, on 12 reporting U.S., Canadian and Mexican railroads totaled 324,963 carloads, down 3.8% compared with the same week last year, and 348,426 intermodal units, down 5.4% compared with last year. Total combined weekly rail traffic in North America was 673,389 carloads and intermodal units, down 4.6%. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB). Reference Link

CN announced plans to invest approximately $65M in Mississippi in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Mississippi and everywhere on CN's transcontinental network. Maintenance program highlights include: Replacing approximately 5 miles of rail; Installing approximately 130,000 new railroad ties; Rebuilding 14 road crossing surfaces; and Maintenance work on bridges, culverts, signal systems, and other track infrastructure.

CN announced plans to invest approximately $55M in Minnesota in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Minnesota and everywhere on CN's transcontinental network. Maintenance program highlights include: Replacing approximately 5 miles of rail; Installing more than 105,000 new railroad ties; Rebuilding 14 road crossing surfaces; and Maintenance work on bridges, culverts, signal systems, and other track infrastructure.