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CNICanadian National Railway Company

Capital Expenditures

The latest quarterly capex is $-316.42 Million with a quarter-over-quarter change of +64.62%. Capital Expenditures (CapEx) represents spending on physical assets like property, plant, equipment, and technology infrastructure. It's the investment in the company's future productive capacity.

CapEx

CNI CapEx

$-316.42M

Reported quarterly capital expenditures; no daily interpolation.

+46.15% 5Y

Current CapEx

$-316.42M

$-316.42 Million

Quarter-over-Quarter Change

+64.62%

vs. $-894.23M prior quarter

Historical Data

96

Quarters of data available

Quarterly CapEx History

PeriodCapExQoQ Change% Change
Q1 2026$-316.42M+$577.81M+64.62%
Q4 2025$-894.23M$-100.84M-12.71%
Q3 2025$-793.39M$-202.12M-34.18%
Q2 2025$-591.27M$-230.65M-63.96%
Q1 2025$-360.62M+$295.36M+45.03%
Q4 2024$-655.99M+$213.14M+24.52%
Q3 2024$-869.12M$-245.26M-39.31%
Q2 2024$-623.87M$-197.89M-46.46%
Q1 2024$-425.98M+$278.73M+39.55%
Q4 2023$-704.70M$-29.70M-4.40%
Q3 2023$-675.00M$-14.90M-2.26%
Q2 2023$-660.10M$-319.24M-93.66%
Q1 2023$-340.86M+$337.82M+49.78%
Q4 2022$-678.68M$-141.07M-26.24%
Q3 2022$-537.61M+$11.35M+2.07%
Q2 2022$-548.96M$-306.89M-126.77%
Q1 2022$-242.08M+$480.53M+66.50%
Q4 2021$-722.61M$-63.67M-9.66%
Q3 2021$-658.94M$-71.29M-12.13%
Q2 2021$-587.65M$-259.76M-79.23%
Q1 2021$-327.88M+$343.12M+51.14%
Q4 2020$-671.00M$-152.48M-29.41%
Q3 2020$-518.53M+$7.33M+1.39%
Q2 2020$-525.85M$-97.38M-22.73%
Q1 2020$-428.47M+$354.78M+45.30%
Q4 2019$-783.25M$-57.89M-7.98%
Q3 2019$-725.36M+$178.35M+19.74%
Q2 2019$-903.72M$-377.01M-71.58%
Q1 2019$-526.71M+$399.55M+43.14%
Q4 2018$-926.26M$-145.92M-18.70%
Q3 2018$-780.34M$-141.10M-22.07%
Q2 2018$-639.24M$-309.78M-94.03%
Q1 2018$-329.46M+$368.11M+52.77%
Q4 2017$-697.57M$-117.21M-20.20%
Q3 2017$-580.36M$-60.14M-11.56%
Q2 2017$-520.22M$-222.79M-74.90%
Q1 2017$-297.44M+$197.54M+39.91%
Q4 2016$-494.97M+$183.21M+27.01%
Q3 2016$-678.18M$-161.01M-31.13%
Q2 2016$-517.17M$-156.09M-43.23%
Q1 2016$-361.08M+$102.57M+22.12%
Q4 2015$-463.65M+$239.19M+34.03%
Q3 2015$-702.84M$-175.51M-33.28%
Q2 2015$-527.33M$-158.31M-42.90%
Q1 2015$-369.02M+$445.31M+54.68%
Q4 2014$-814.33M$-260.79M-47.11%
Q3 2014$-553.54M$-101.85M-22.55%
Q2 2014$-451.68M$-227.34M-101.34%
Q1 2014$-224.34M+$516.85M+69.73%
Q4 2013$-741.19M$-218.79M-41.88%
Q3 2013$-522.40M$-124.80M-31.39%
Q2 2013$-397.60M$-173.42M-77.36%
Q1 2013$-224.18M+$390.34M+63.52%
Q4 2012$-614.51M$-114.44M-22.88%
Q3 2012$-500.08M$-117.61M-30.75%
Q2 2012$-382.46M$-158.26M-70.59%
Q1 2012$-224.20M+$375.93M+62.64%
Q4 2011$-600.13M$-205.21M-51.96%
Q3 2011$-394.91M$-3.96M-1.01%
Q2 2011$-390.95M$-164.24M-72.44%
Q1 2011$-226.71M+$536.36M+70.29%
Q4 2010$-763.07M$-385.58M-102.14%
Q3 2010$-377.49M$-94.52M-33.40%
Q2 2010$-282.97M$-151.06M-114.52%
Q1 2010$-131.91M+$403.21M+75.35%
Q4 2009$-535.12M$-215.49M-67.42%
Q3 2009$-319.63M$-54.05M-20.35%
Q2 2009$-265.59M$-117.54M-79.39%
Q1 2009$-148.05M+$244.35M+62.27%
Q4 2008$-392.40M$-2.09M-0.54%
Q3 2008$-390.31M$-45.38M-13.16%
Q2 2008$-344.92M$-172.54M-100.10%
Q1 2008$-172.38M+$317.70M+64.83%
Q4 2007$-490.08M$-143.12M-41.25%
Q3 2007$-346.96M$-24.23M-7.51%
Q2 2007$-322.74M$-146.80M-83.44%
Q1 2007$-175.94M+$230.07M+56.67%
Q4 2006$-406.01M$-62.65M-18.25%
Q3 2006$-343.36M$-87.99M-34.46%
Q2 2006$-255.37M$-122.71M-92.50%
Q1 2006$-132.66M+$206.30M+60.86%
Q4 2005$-338.96M$-62.66M-22.68%
Q3 2005$-276.30M$-17.87M-6.91%
Q2 2005$-258.44M$-131.41M-103.46%
Q1 2005$-127.02M+$174.11M+57.82%
Q4 2004$-301.13M$-44.36M-17.28%
Q3 2004$-256.77M$-60.73M-30.98%
Q2 2004$-196.04M$-100.83M-105.90%
Q1 2004$-95.21M+$407.14M+81.05%
Q4 2003$-502.36M$-378.85M-306.74%
Q3 2003$-123.51M$-8.67M-7.55%
Q2 2003$-114.84M$-64.73M-129.18%
Q1 2003$-50.11M+$317.40M+86.37%
Q4 2002$-367.51M$-270.02M-276.97%
Q3 2002$-97.49M$-9.49M-10.79%
Q2 2002$-88.00M
Data as of Sunday, June 28, 2026

About Canadian National Railway Company

Canadian National Railway Company (CNI), together with its subsidiary operations, functions as a key player in the railway and related logistics industry. The firm handles a wide array of freight, including petroleum products and chemicals, agricultural commodities such as grain and fertilizers, various minerals like coal and metals, timber and paper goods, intermodal containers, and finished automobiles. Its services cater to a broad base of clients, from international exporters and importers to retail chains, agricultural growers, and industrial manufacturers. CNI boasts a substantial rail infrastructure, with approximately 19,500 miles of track extending across both Canada and the United States. Additionally, the company provides diverse ancillary services, encompassing marine terminal management (vessels and docks), cargo transshipment and distribution, specialized automotive supply chain solutions, and comprehensive freight management and forwarding. Founded in 1919, Canadian National Railway Company is based in Montreal, Canada.

Montreal, QC
24,911 employees
Industrials / Railroads
Sector
Industrials
Industry
Railroads
CEO
Tracy A. Robinson