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 launched a new self-service sustainability tool, My Carbon Emissions, enhancing its commitment to environmental responsibility. This tool, accessible via the CN One eBusiness platform, allows customers to evaluate their greenhouse gas (GHG) emissions from shipments moved on CN, highlighting the benefits of rail transport over trucking. By offering insights into estimated emissions and the emissions avoided, CN supports companies aiming to reduce their transportation GHG emissions. The company has set ambitious targets to cut its Scope 1 and 2 GHG emissions intensity by 43% and Scope 3 emissions intensity by 40% by 2030. Additionally, CN aims for net-zero carbon emissions by 2050.
MONTREAL, April 6, 2023 – CN (TSX: CNR) (NYSE: CNI) will release its first-quarter 2023 financial and operating results post-market on April 24, 2023. A conference call to discuss the results and outlook will occur at 4:30 p.m. Eastern Time on the same day, led by Tracy Robinson, the company's President and CEO.
To join the call, participants can dial 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using passcode 1000157. Dial-in is recommended 10 minutes early. The presentation will be webcast live, with supporting slides available on the Investors section of CN's website. A replay will also be accessible after the call.
As a vital transportation leader, CN facilitates over 300 million tons of goods annually across North America, connecting Canada’s coasts with the U.S. South through an 18,600-mile network. Their commitment to social responsibility and environmental sustainability strengthens community prosperity.
CN (TSX: CNR) and its partners, Trealmont Transport Inc. and Kaptan US LLC, announced an agreement to create a multimodal transload facility in Calgary Logistics Park, expected to open in Q3 2024. This facility aims to enhance supply chain efficiency by facilitating transloading of intermodal containers from the ports of Prince Rupert and Vancouver. The project will leverage rail access, benefiting importers and exporters in Central Canada and the US Midwest, while promoting sustainability by reducing greenhouse gas emissions by up to 75%. The aim is to transform the transpacific trade model, providing a seamless connection for commodities.
CN (TSX: CNR) (NYSE: CNI) has announced its 2023 Annual General Meeting (AGM) set for April 25, 2023. The meeting will be conducted virtually, allowing shareholders to participate via webcast. The Management Information Circular includes nominations for the Board of Directors, featuring two new candidates: Michel Letellier and Al Monaco. Letellier has significant experience in renewable energy, while Monaco has a background in energy infrastructure. Both nominees are expected to bring valuable insights and expertise to CN’s board. Further details regarding the meeting and voting procedures are available on CN’s investor relations website.
CN (TSX: CNR) (NYSE: CNI) announced the establishment of new tentative collective agreements with Unifor, impacting around 3,000 employees across various departments in Canada, including Mechanical and Clerical roles. President Tracy Robinson expressed satisfaction with the agreements, highlighting CN's commitment to improving employee conditions. Full details will remain undisclosed until the agreements are ratified. CN, a leading transportation firm, plays a crucial role in the North American economy, transporting over 300 million tons of goods annually through its extensive rail network.
Doug MacDonald, Executive Vice-President and Chief Marketing Officer of CN, is set to speak at the J.P. Morgan’s 2023 Industrials Conference on March 15, 2023, at 8:50 a.m. ET. Investors can watch the live webcast on CN's investor relations page, with a replay available post-event. CN is a leading transportation company, crucial for North America's economy, moving over 300 million tons of goods annually through its extensive 18,600-mile rail network. Since its founding in 1919, CN has focused on community prosperity, social responsibility, and environmental stewardship.
CN Achieves Record Grain Movement in February 2023
On March 1, 2023, CN (CNI) announced that February 2023 marked the best February for Western Canadian grain movement, with over 2.4 million metric tonnes shipped, surpassing the previous record by 200,000 metric tonnes. This achievement is attributed to enhanced collaboration across the supply chain, allowing CN to effectively manage operational challenges, including extreme cold conditions. The strategic focus on communication among partners has significantly improved performance, setting a new benchmark for future operations.
CN has raised a record C$2.19 million through its Employees' and Pensioners' Community Fund for charitable initiatives, marking a significant milestone in its 2023 fundraising campaign. This amount will support approximately 580 charities focused on health, community wellbeing, and humanitarian aid across Canada and the U.S. The campaign saw strong participation from both employees and external contributors, highlighted by various fundraising events. Over the past decade, the Fund has contributed more than C$19 million to charitable causes, showcasing CN's commitment to community support and social responsibility.
CN will participate in two investor conferences this February, featuring Tracy Robinson, CEO, at the Citi 2023 Global Industrials Conference on February 21 at 8:50 a.m. ET, and Ghislain Houle, CFO, at the Barclays 2023 Industrial Select Conference on February 22 at 8:00 a.m. ET. Investors can view a live webcast on the Investors section of CN's website with a replay available post-event. As a leader in transportation, CN moves over 300 million tons of goods across a vast rail network, playing a crucial role in economic trade and community support.
CN (TSX: CNR, NYSE: CNI) has filed its 2022 Annual Financial Statements, along with related documents, with Canadian and U.S. securities regulators. These documents are accessible in the Investor section of CN's website. Printed copies are available to shareholders at no cost upon request. CN is a major transportation leader, moving over 300 million tons of goods across North America annually via its extensive 18,600-mile rail network. The company's continued commitment to social responsibility and environmental stewardship is highlighted, reinforcing its role in economic and community support since 1919.
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