- Canadian National Railway (CNI) says it will spend C$500M ($409.45M) in order to upgrade the safety of a feeder network in the western portion of Canada.
- A series of accidents has increased the focus on Canadian National's safety record.
- CEO Claude Mongeau also sees the spending as necessary to prep for the expected increase in volume on the feeder network.
- The company is sticking with its original forecast of C$2.6B ($2.13B)in capital spending for the year.