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 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.
CN (TSX: CNR, NYSE: CNI) will release its first-quarter 2022 financial results after market close on April 26, 2022. Senior officers will discuss the outcomes and the railway's future during a conference call at 4:30 p.m. ET on the same day, led by President and CEO Tracy Robinson. Interested participants can join by calling 1-866-324-3683 (Canada/U.S.) or 1-509-844-0959 (International) with the passcode 1221739. The presentation will also be webcast live on CN's investor website, with a replay available post-call.
CN (CNI) will be represented by Ghislain Houle, Executive Vice-President and CFO, at the J.P. Morgan 2022 Industrials Conference on March 16, 2022. The address is scheduled for 8:50 a.m. ET. A live webcast will be accessible via the Investors section of the company’s website, with a replay available post-event.
CN is a leading transportation provider, transporting over 300 million tons of goods across North America annually through its extensive rail network, playing a vital role in the economy and community.
CN has filed a response with the Surface Transportation Board regarding the CP-KCS merger, seeking the divestiture of the KCS line to enhance competition. This move aims to create new shipping options across a vital North American corridor, particularly benefiting communities and local businesses. CN plans to invest in the Kansas City Speedway, which will reduce roadway congestion and create jobs. Over 70 letters supporting this initiative have been submitted, emphasizing its potential economic benefits.
CN (TSX: CNR) (NYSE: CNI) has filed its 2021 Annual Financial Statements and associated documents with Canadian and U.S. regulators, now accessible on its investor website. Printed versions are available to shareholders upon request. CN plays a vital role in North American transportation, moving over 300 million tons of goods annually through its 19,500-mile network. The company emphasizes its commitment to social responsibility and environmental stewardship, contributing to economic growth since its establishment in 1919.
CN has announced the withdrawal of the requisition for a Special Meeting of Shareholders scheduled for March 22, 2022. This follows a Resolution Agreement with TCI, which includes plans to appoint two new independent directors by the 2022 Annual General Meeting. In return, TCI will support the election of all CN director nominees at upcoming AGMs. This move aims to strengthen the Board and enhance shareholder engagement, as noted by CN's Chair Robert Pace and TCI's Chris Hohn.
CN has appointed Tracy Robinson as President and CEO effective February 28, 2022, following the retirement of Jean-Jacques Ruest. Robinson brings over 35 years of experience from TC Energy and Canadian Pacific. The board welcomed Jean Charest as an independent director and appointed Shauneen Bruder as Vice Chair. Two additional independent directors with railroad expertise will join before the 2022 AGM. CN is focused on growth and enhancing shareholder value while ensuring a smooth leadership transition.
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