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.
On May 20, 2022, CN (CNI) announced the election of Shauneen Bruder as Chairperson of the Board, succeeding Robert Pace. Bruder, a seasoned executive from the Royal Bank of Canada, emphasized the board's commitment to enhancing governance and bringing on a francophone director. The Annual Meeting saw all 11 proposed nominees elected, with Bruder receiving 98.34% support. The board members bring significant expertise in transportation and operations. This leadership transition and commitment to inclusivity in directorship are critical as CN aims to strengthen its position in the North American railway industry.
CN will participate in the 15th Annual Wolfe Research Global Transportation & Industrials Conference on May 24, 2022, at 1:40 p.m. ET, featuring CFO Ghislain Houle and CMO Doug MacDonald. Investors can access a live webcast through the Investors section of their website, with a replay available post-event. CN is a leading transportation provider in North America, operating a 19,500-mile rail network and is dedicated to sustainability and community support.
CN will participate in the RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference on May 18, 2022, with Ghislain Houle, Executive Vice-President and CFO addressing attendees at 3:25 p.m. ET. This event will feature a live audio webcast accessible via CN’s website, offering insights into its role as a leading transportation and trade enabler in North America.
With a 19,500-mile rail network, CN plays a crucial role in safely transporting over 300 million tons of goods annually, contributing to economic growth and community well-being.
MONTREAL, May 9, 2022 — CN (NYSE: CNI) announces that Tracy Robinson, President and CEO, along with Ghislain Houle, CFO, will speak at the Bank of America’s 29th Annual Transportation Conference on May 17, 2022, at 10:00 a.m. ET. The event will be accessible via a live webcast on CN's investor relations website, with a replay available afterward. CN is a key player in North American transportation, moving over 300 million tons of goods annually through a 19,500-mile rail network, and is committed to social responsibility and environmental stewardship.
CN (NYSE: CNI) has filed a final shelf prospectus with Canadian regulators and a registration statement with the SEC to potentially issue up to C$6 billion of debt securities over the next 25 months. Proceeds will be used for general corporate purposes including refinancing debt, share repurchases, and acquisitions. The registration statement is pending effectiveness, meaning securities cannot be sold until then. CN is a key transportation leader in North America, managing an extensive 18,600-mile rail network.
CN (TSX: CNR) (NYSE: CNI) has announced a quarterly dividend of C$0.7325 per common share for Q2 2022. This dividend will be paid on June 30, 2022, to shareholders of record as of June 9, 2022. The company's extensive rail network, spanning 18,600 miles across North America, enables it to transport over 300 million tons of goods annually. CN is committed to social responsibility and environmental stewardship, contributing to economic prosperity since 1919.
CN reported its Q1 2022 results, showing revenues of C$3,708 million, up 5% from Q1 2021, driven by increased fuel surcharge rates and export volumes. Adjusted diluted EPS increased by 7% to C$1.32, while diluted EPS declined by 4% to C$1.31. Operating income fell by 8% to C$1,227 million, with operating ratio rising to 66.9%. CN revised its financial outlook, expecting 15-20% adjusted EPS growth, down from 20%, and targeting an operating ratio below 60%. Free cash flow is projected between C$3.7 billion and C$4.0 billion for 2022.
On April 26, 2022, CN’s Board of Directors held its first meeting after Jean Charest's resignation effective April 1, 2022. The Board expressed gratitude for Charest’s contributions and announced plans to appoint a francophone and Quebec-based director to fill the vacancy. This aligns with CN's commitment to its long-standing history and operations in Quebec. CEO Tracy Robinson has also relocated to Montreal, emphasizing CN's dedication to its roots in the region.
CN will release its first-quarter 2022 financial and operating results on April 26, 2022, after market close. A conference call to review these results and the railway's outlook will begin at 4:30 p.m. ET, led by Tracy Robinson, CN's president and CEO.
Participants can join the call by dialing 1-866-324-3683 (Canada/U.S.) or 1-509-844-0959 (International) with the passcode 1221739. The call will also be available via webcast, and a replay will be accessible post-call.
On April 5, 2022, CN announced the winners of its Safe Handling Award for 2021, recognizing 241 companies for exceptional safety practices in handling dangerous goods. Launched in 1992, this award highlights customers who meet stringent safety standards, reinforcing CN's commitment to safety. Senior executives emphasized the importance of collaboration in ensuring safe operational practices. The initiative aligns with CN's vision of becoming North America's safest railway and is part of the Responsible Care® Program focused on continuous performance improvement in safety.
FAQ
What is the current stock price of Canadian National Railway (CNI)?
What is the market cap of Canadian National Railway (CNI)?
What is the main business of Canadian National Railway Company?
Where is Canadian National Railway headquartered?
What recent financial performance has CN reported?
What are CN's major revenue sources?
What recent developments have been announced by CN?
What regions does CN's railway network cover?
What is CN’s commitment to sustainability?
Who are some of CN's key partners?
How does CN contribute to the supply chain?
What types of updates does CN provide in its latest news?
