03:58 PM EST - Canadian National Railway Co. : said capital spending will be $1.6 billion next year, company officials said on Wednesday, a 4 percent increase over this year's level. Montreal-headquartered CN Rail said $800 million has been budgeted for basic capital maintenance, $200 million on its locomotive fleet, including the acquisition of 65 new diesel electric engines, and about $150 million on freight cars and intermodal equipment. Canadian National Railway Co.
shares T.CNR are trading up 40 cents at $53.00.
