Mr. Derek Taylor reports

CN INVESTING APPROXIMATELY US$45 MILLION TO EXPAND AND STRENGTHEN MISSISSIPPI S RAIL INFRASTRUCTURE IN 2019

Canadian National Railway Company plans to invest approximately $45-million (U.S.) in Mississippi in 2019 to strengthen the company's rail network across the state.

"Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers," said Derek Taylor, vice-president of CN's southern region. "This year, we are continuing to invest to boost capacity and network resiliency and to meet growing traffic on our corridors across Mississippi."

The Mississippi investments are part of CN's 2019 record $2.9-billion (U.S.) capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest and energy products from all of its customers, safely and efficiently. Over two years, CN will have made a $5.7-billion (U.S.) capital investment.

"CN is a great corporate partner to Mississippi. The Mississippi Department of Transportation looks forward to CN's continued efforts to be an integral part of Mississippi's transportation community and help grow our state's economy," said Mike Tagert, transportation commissioner of North Mississippi.

CN is currently deploying important safety-enhancing technologies across its network, such as the autonomous track inspection program, distributed air cars, automated inspection portals and the positive train control system. These innovations, combined with CN's investments in locomotives, capacity, infrastructure and train crews, will support the safe and efficient movement of its customer's goods to their end markets.

Maintenance program highlights include:

• Replacement of approximately eight miles of rail;
• Installation of approximately 75,000 new railroad ties;
• Rebuilds of 20 road crossing surfaces;
• Maintenance work on bridges, culverts, signal systems and other track infrastructure.

Mississippi in numbers:

• Capital investments -- more than $370-million (U.S.) in the last five years;
• Employees -- approximately 370;
• Railroad route miles operated -- 575;
• Community partnerships -- $55,000 (U.S.) in 2018;
• Local spending -- $77-million (U.S.) in 2018;
• Total taxes paid by CN -- approximately $18-million (U.S.) in 2018.

We seek Safe Harbor.