Welcome to our dedicated page for Canadian National Railway news (Ticker: CNI), a resource for investors and traders seeking the latest updates and insights on Canadian National Railway stock.
Canadian National Railway Company (CNI) is a premier Class I freight railway headquartered in Montreal, Quebec. With a rail network that extends from Canada's Atlantic and Pacific coasts through the Midwest and Southern United States, CN is a critical link in the North American transportation chain.
In 2023, CN reported impressive revenues of CAD 16.8 billion. The company's diversified portfolio includes hauling intermodal containers (23% of total revenue), petroleum and chemicals (19%), grain and fertilizers (19%), forest products (12%), metals and minerals (12%), automotive shipments (6%), and coal (6%). This broad range of commodities showcases CN's versatility and essential role in various industries.
CN is not just about moving goods; it's about facilitating commerce and driving economic growth. The company is renowned for its commitment to innovation and efficiency in the rail industry. Recent achievements include maintaining robust operations despite global challenges and announcing plans to relocate its head office to Kevric’s latest redevelopment in downtown Montreal.
CN continues to focus on sustainability and operational excellence. The company's latest updates feature selected railroad statistics and non-GAAP measures that highlight its financial health and strategic initiatives aimed at long-term growth. CN's partnerships, such as those with Target Steel Inc. and the Michigan Department of Transportation, further emphasize its integral role in the supply chain.
With a strong emphasis on safety, efficiency, and environmental responsibility, Canadian National Railway remains a cornerstone of North American logistics, crucial for businesses seeking reliable and comprehensive freight services.
CN has recognized 73 customers, suppliers and supply chain partners for their sustainability leadership through its EcoConnexions Partnership Program. The program celebrates businesses committed to climate action, environmental impact reduction, biodiversity promotion, and sustainable business practices.
The 2024 program introduces a new three-tier recognition system with gold, silver, and bronze levels. As part of this initiative, CN will plant 100,000 trees in partnership with Tree Canada to acknowledge partners' sustainable business practices. Notable gold partners include major corporations like Alcoa, Ford Motor Company, Honda Canada, and Walmart Canada, while silver partners include prominent companies such as Atlantic Container Line and Halifax Port Authority. Bronze partners comprise organizations like BCD Travel and Montreal Port Authority.
CN (TSX: CNR) (NYSE: CNI) has unveiled its first Indigenous Reconciliation Action Plan (IRAP), designed to strengthen relationships with Indigenous communities over the next three years in Canada. The plan, developed through community and employee feedback, focuses on five key pillars: Cultural Awareness and Employee Engagement, People and Employment, Economic Reconciliation, Community Engagement and Relationships, and Environmental Stewardship, Safety and Sustainability. The IRAP aims to establish sustainable partnerships and create opportunities for meaningful collaboration with Indigenous peoples across CN's network.
Tracy Robinson, President and CEO of CN (TSX: CNR) (NYSE: CNI), will address the Scotiabank Transportation and Industrials Conference on November 13, 2024, at 8:30 a.m. Eastern Time (ET). CN will offer a live webcast accessible through the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available after the event.
CN has announced its fourth-quarter 2024 dividend approval by the Board of Directors. Shareholders of record as of December 9, 2024, will receive a quarterly dividend of C$0.8450 per common share, payable on December 30, 2024. This dividend declaration demonstrates CN's commitment to returning value to its shareholders and reflects the company's financial stability. The announcement provides important information for current and potential investors regarding the upcoming dividend payment and relevant dates.
CN reported its Q3 2024 financial results, showing resilience despite challenges from wildfires and labor issues. Key highlights include:
- Revenue ton miles increased 2% to 56,548 million
- Revenues rose 3% to C$4,110 million
- Operating income remained steady at C$1,515 million
- Operating ratio increased 1.1 points to 63.1%
- Diluted EPS grew 2% to C$1.72
CN maintains its 2024 guidance, expecting low single-digit adjusted diluted EPS growth and a C$3.5 billion capital investment. The company targets high single-digit compounded annual adjusted diluted EPS growth for 2024-2026.
CN (TSX: CNR) (NYSE: CNI) is set to release its third-quarter 2024 financial and operating results after the market close today. The company will hold a conference call at 4:30 p.m. Eastern Time to review the results and discuss the railway's outlook. Tracy Robinson, CN President and Chief Executive Officer, will lead the call.
Interested parties can participate via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using passcode 5497429. Participants are advised to dial in 10 minutes before the call. CN will also provide a live webcast of the presentation with supporting slides through the Investors section of its website. A webcast replay will be available after the call concludes.
CN (TSX: CNR) (NYSE: CNI) has announced it will release its third-quarter 2024 financial and operating results after market close on October 22, 2024. The company will hold a conference call at 4:30 p.m. Eastern Time on the same day, led by Tracy Robinson, CN President and Chief Executive Officer, to review the results and discuss the railway's outlook.
Interested parties can participate via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) using passcode 5497429. Participants are advised to dial in 10 minutes before the call. CN will also provide a live webcast of the presentation with supporting slides through the Investors section of its website. A replay of the webcast will be available after the call concludes.
CN has released its 2024-2025 Winter Plan, focusing on proactive solutions to address winter operational challenges. The plan highlights key initiatives:
1. Technology advancements: Deployment of 4th generation Autonomous Track Inspection Program (ATIP) using ground penetrating radar for detailed ballast and subgrade assessments.
2. Network reliability: $1 million investment in overhauling 20 air cars, part of a $61.6 million air car program since 2009 to improve service reliability and protect capacity.
3. Response readiness: Strategic reserve of locomotives in critical corridors and deployment of backup power generators across the network.
4. Workforce growth: 9% increase in available CN operating employees between April 2023 and May 2024.
CN announced that Unifor, representing 3,300 Mechanical, Clerical, and Intermodal employees in Canada, has filed a Notice of Dispute just three days after negotiations began. The current collective agreements, covering three separate agreements, are set to expire on December 31, 2024. Despite expressing disappointment at the early filing of the Notice, CN remains committed to reaching negotiated agreements that benefit employees, customers, and the economy.
CN (TSX: CNR) (NYSE: CNI) has launched its annual See Tracks? Think Train® Week campaign from September 23-29, 2024, to raise awareness about rail safety. CN Police Services and employees will actively share important rail safety messages in communities across CN's network to help prevent rail-related accidents and injuries.
The campaign highlights the critical importance of being safe around rail property, as there are on average over 2,000 crossing accidents and 1,000 trespassing incidents each year in North America. In 2023, there were 2,192 rail crossing collisions reported in the U.S., resulting in 247 fatalities and 766 injuries.
CN promotes rail safety in all communities it operates through, with over 428 communities signing resolutions or proclamations officially recognizing Rail Safety Week in 2023. The company emphasizes that safety is a shared responsibility and urges communities to get involved in spreading the safety message.
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