Canadian National Railway - CNI STOCK NEWS

CN (NYSE: CNI, TSX: CNR) will host a live webcast of its Investor Day on May 3, 2023, in Chicago.

The event aims to highlight CN's strategic agenda for accelerating sustainable and profitable growth. Interested parties can access the live webcast and presentation slides on CN's website.

The agenda includes various presentations by CN's leadership, focusing on growth strategies and shareholder value creation, ending with a Q&A session.

CN is a leader in transportation, moving over 300 million tons of goods across its extensive 18,600-mile network in North America.

On April 25, 2023, CN (CNI) held its Annual Meeting of Shareholders, where all 11 director nominees proposed by management were successfully elected. The results indicated overwhelming support, with votes for ranging from 98.40% to 99.89% across nominees. Shauneen Bruder was unanimously re-elected as the board chair. The detailed voting results and biographical information of the directors can be accessed via CN's investor relations webpage. The company confirmed that final voting results on all matters will be submitted to Canadian and U.S. securities regulators. CN emphasizes its role as a leading transportation entity, moving over 300 million tons of goods annually on a vast 18,600-mile rail network.

CN (NYSE: CNI) announced a quarterly dividend of C$0.79 per common share, payable on June 30, 2023, to shareholders on record by June 9, 2023. This decision reflects CN's commitment to delivering shareholder value, showcasing the company's strong financial position and ongoing profitability. With a vast 18,600-mile rail network, CN plays a crucial role in transporting over 300 million tons of goods across North America, contributing significantly to the economy and communities it serves.

Founded in 1919, CN emphasizes social responsibility and environmental stewardship, making it a notable leader in transportation and trade.

CN (TSX: CNR) (NYSE: CNI) reported strong financial results for Q1 2023, with diluted earnings per share (EPS) of C$1.82, representing a 38% increase on an adjusted basis and 39% on a reported basis. Revenues reached a record C$4,313 million, up 16% year-over-year, primarily driven by higher fuel surcharge revenue and increased Canadian grain export volumes. Operating income also set a record at C$1,662 million, a 35% increase. The operating ratio improved to 61.5%, a reduction of 5.4 points, while free cash flow rose by 4% to C$593 million. CN updated its 2023 financial outlook, now projecting adjusted diluted EPS growth in the mid-single digits. Safety metrics also improved, underscoring a commitment to operational efficiency amidst economic uncertainties.

CN, Union Pacific, and GMXT have launched the Falcon Premium Intermodal Service, connecting Canada, the US, and Mexico with enhanced transit times and reliability. Announced on April 24, 2023, this service features seamless rail connections through Chicago, connecting key points in Canada and Detroit to GMXT terminals in Monterrey and Silao. The service aims to boost efficiency for shippers of automotive parts, food, appliances, and more.

Additionally, the service is set to reduce greenhouse gas emissions through fewer rail miles and promote truck-to-rail conversions. Leaders from each company emphasize the collaboration's potential to transform supply chains and meet customer needs swiftly. This initiative enhances intermodal connectivity and supports economic growth in North America.

MONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (NYSE: CNI) will release its first-quarter 2023 financial and operational results after market close. A conference call will provide insights into the results and future outlook, starting at 4:30 p.m. ET today, led by Tracy Robinson, CN's President and CEO.

Participants can join via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) with passcode 1000157. Joining instructions suggest dialing in 10 minutes early. The conference will also be webcast live, with supporting slides available on the Investors section of CN's website. A replay will be accessible post-call.

CN is recognized as a premier transportation leader, efficiently moving over 300 million tons of goods across North America annually. Its extensive rail network has been vital to economic activity since 1919.

CN has reached a tentative agreement with the Teamsters Canada Rail Conference (TCRC), representing 6,000 of its locomotive engineers, conductors, and yard staff in Canada. This agreement aims to ensure uninterrupted service across CN's rail network. Tracy Robinson, President and CEO of CN, expressed satisfaction with the productive discussions that led to this agreement, highlighting the importance of collaboration for the company’s operations.

CN operates an extensive 18,600-mile rail network, transporting over 300 million tons of goods annually across North America. This partnership reinforces CN's commitment to maintaining essential transportation services while supporting social responsibility and environmental stewardship.