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 (TSX: CNR) (NYSE: CNI) has been recognized as one of the top sustainability performers in the transportation industry according to the 2025 S&P Global Yearbook, based on their performance in the S&P Global Corporate Sustainability Assessment.
The company has received notable recognition from several prominent organizations in 2024, including CDP, Corporate Knights, MSCI, The Globe and Mail, and EcoVadis for their sustainability practices. Tracy Robinson, President and CEO, emphasized that these acknowledgments reflect CN's dedication to Delivering Responsibly, which encompasses safe operations, environmental responsibility, community building, and high governance standards.
Looking ahead, CN plans to release its biennial Delivering Responsibly Sustainability Report and annual Data Supplement Report in 2025, which will showcase key sustainability performance indicators.
CN (CNI) has announced that President and Chief Executive Officer Tracy Robinson will be speaking at the Barclays 2025 Industrial Select Conference on February 19, 2025, at 8:05 a.m. ET. The presentation will be accessible through a live webcast on CN's investor relations website, with a replay available after the event.
CN (TSX: CNR) (NYSE: CNI) has announced the filing of its 2024 Annual Financial Statements, accompanying Notes, Management's Discussion and Analysis, 2024 Annual Information Form, and Form 40-F with both Canadian and U.S. securities regulators. These documents are now accessible in the 'Investors' section of CN's website. Shareholders can request free printed copies of the Annual Financial Statements, Notes, and Management's Discussion and Analysis.
CN (NYSE: CNI) has announced two significant shareholder-friendly initiatives: a 5% dividend increase for 2025 and a new share repurchase program. The company's Board approved a new normal course issuer bid to purchase up to 20 million common shares (3.18% of outstanding shares) between February 4, 2025, and February 3, 2026.
The quarterly dividend will increase to C$0.8875 per share, payable March 31, 2025, marking CN's 29th consecutive dividend increase. Under the previous buyback program, CN has already repurchased 13.9 million shares at an average price of C$168.00, returning C$2,342 million to shareholders.
The new share repurchases will be conducted through various methods including discretionary transactions and automatic repurchase plans on both Toronto and New York stock exchanges. CN maintains its adjusted debt-to-adjusted EBITDA target of 2.5x.
CN (NYSE: CNI) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 2024 saw a 3% decrease in revenues to C$4,358 million and a 10% decline in operating income to C$1,628 million compared to Q4 2023. The operating ratio increased by 3.3 points to 62.6%.
For full-year 2024, revenues increased 1% to C$17,046 million, while operating income decreased 5% to C$6,247 million. The company's ROIC declined to 12.9%, a decrease of 3.9 points.
Looking ahead, CN projects 10%-15% adjusted diluted EPS growth for 2025 and plans C$3.4 billion in capital investments. The Board approved a 5% increase in quarterly dividends and authorized a new share buyback program for up to 20 million common shares between February 2025 and February 2026.
CN (TSX: CNR) (NYSE: CNI) has announced it will release its fourth-quarter and full-year 2024 financial and operating results after market close on January 30, 2025. The company will hold a conference call at 4:30 p.m. Eastern Time to discuss the results and provide outlook insights.
The call will be led by Tracy Robinson, CN's President and Chief Executive Officer. Interested parties can participate via telephone using the following numbers: 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), with passcode 1405609. A live webcast and supporting slides will be available through CN's Investors section website, with a replay available after the call.
CN (TSX: CNR) (NYSE: CNI) has announced reaching a new tentative four-year collective agreement with the International Brotherhood of Electric Workers (IBEW). The agreement covers approximately 750 Signals and Communication employees across Canada. The previous collective agreement expired on December 31, 2024. Details of the new agreement will remain confidential until ratification.
CN (TSX: CNR) (NYSE: CNI) has launched a new medium horsepower hybrid electric locomotive pilot project in collaboration with Knoxville Locomotive Works. The innovative 3,200 horsepower hybrid unit features a 2.4MWh-700HP battery-diesel engine that is 100% biofuel ready and offers up to 60% increased horsepower compared to traditional yard locomotives.
The hybrid system aims to achieve up to 50% reduction in fuel consumption compared to typical locomotives in similar operations. The pilot will be implemented in phases over six months across various CN yards and branch lines in Tennessee, Mississippi, Louisiana, and eventually in Western Canada to test cold weather performance.
This initiative is part of CN's broader sustainability program aimed at achieving net-zero emissions through deep decarbonization efforts.
CN (NYSE: CNI) has received approval from the U.S. Surface Transportation Board (STB) for its acquisition of Iowa Northern Railway Company (IANR). The integration can begin as early as February 13, 2025, combining IANR's 175 route miles with CN's nearly 20,000-mile rail network.
The merger will enable single-line service connecting grain, fertilizer, renewable fuels, and industrial markets to CN's North American network. The combination aims to provide customers and local businesses along the IANR network with enhanced market access and growth opportunities.
This strategic acquisition represents an important step in CN's growth plan, focusing on expanding network capabilities and improving rail service for customers, farmers, and supply chain partners.
CN (NYSE: CNI) has announced it will release its fourth-quarter and full-year 2024 financial and operating results after market close on January 30, 2025. The company will host a conference call at 4:30 p.m. Eastern Time on the same day, led by President and CEO Tracy Robinson, to discuss the results and 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 1405609. Participants should dial in 10 minutes before the call. The presentation will be webcast live with supporting slides available through CN's Investors section website, with a replay available after the call.
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