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 (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.
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