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CN North America's Railroad NEWS RELEASE CN OUTLINES DETAILS OF STRATEGIC PLAN Ambitious value creation plan targeting C $ 700 million of additional operating income , as well as a 57 % operating ratio for 2022 Leveraging previous strategic investments and the strong condition of the existing network will bring capital spending down to approximately 17 % of revenue for 2022 while retaining commitment to safety and customer service CN to resume share repurchase program previously authorized by Board of Directors with remaining C $ 1.1 billion in share repurchases to be completed by end of January 2022 - MONTREAL , September 17 , 2021 - CN ( TSX : CNR , NYSE : CNI ) today announced the details of its strategic and financial value creation plan , “ Full Speed Ahead – Redefining Railroading , ” which will allow CN to continue delivering high - quality service to customers while generating profitable growth and enhanced returns to shareholders . The plan announced today builds upon CN's January 2021 strategic plan to lead on safety , customer value , operational excellence , sustainability and social inclusion , while also delivering industry - leading shareholder returns . " CN's ambition is to build the premier railway of the 21st century by methodically investing in technologies to deliver high - quality service to customers , improve safety and sustainability , create capacity and reduce costs and delays . Just as CN pioneered the industry's focus on efficiency to increase reliability , we are now well - positioned to lead the industry through its next transformation by investing in the success of our customers , workforce and communities while delivering enhanced financial results . " ― JJ Ruest , President and Chief Executive Officer of CN " We spent the last several years making strategic and important customer - centric investments in our network , technology , sustainability and people . These investments have allowed us to deliver high - quality service to our customers and position us well to drive more sustainable returns to shareholders over the long - term . I am confident that CN's senior management , a team of world - class railroaders who are focused on redefining the rail industry , have the skills and determination to lead the Company into this exciting next phase . " Robert Pace , Chair of the Board of Directors of CN