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 appointed Cyrus Reporter as its new Vice-President of Government and Regulatory Affairs. With 25 years of experience, including roles as a ministerial chief of staff and legal partner, he will engage with government stakeholders across North America. His responsibilities will encompass regulatory affairs and stakeholder relations, supporting CN's focus on Environmental, Social, and Governance initiatives. The company emphasizes its role in safely transporting over 300 million tons of goods annually across a 19,500-mile network, contributing to sustainable trade and community prosperity.
Rob Reilly, Executive Vice-President and Chief Operating Officer of CN (TSX: CNR, NYSE: CNI), will speak at the J.P. Morgan Industrials Conference on March 16, 2021, at 8:00 a.m. Eastern Time. The event will be broadcasted live via a webcast on CN's investors' website, with a replay available shortly afterward. CN is recognized as a leading transportation provider in North America, handling over 300 million tons of goods annually through its extensive 19,500-mile rail network, facilitating trade and supporting sustainable economic growth.
On March 11, 2021, JJ Ruest, CEO of CN (CNI), will address the GLIO Transportation Panel at 5:00 p.m. ET. This event highlights the essential role of railroads in infrastructure and the economy. Ruest's participation aims to showcase CN's strategic plans that will benefit North America. A live audio webcast of the speech will be made available on CN's Investor website, with a replay accessible shortly after the event. CN, a leader in transportation, plays a vital role in the economy, transporting over 300 million tons of goods across its extensive rail network annually.
CN sets a new record by shipping over 2.28 million metric tonnes of Canadian grain in February, surpassing the previous record of 2.12 MMT from 2019 by over 7%. For the 2020-2021 crop year, CN has moved more than 19.7 MMT, 24% higher than the three-year average. The company attributes this success to investments exceeding $10B in infrastructure and enhanced operational capabilities, ensuring safe and efficient grain transport despite challenging weather conditions.
The CN Board of Directors has announced new measures to enhance its Environmental, Social, and Governance (ESG) leadership among North American railroads. Key initiatives include establishing a CN Indigenous Advisory Council, introducing an annual advisory vote on its climate action plan, and committing to have at least 50% of independent directors from diverse backgrounds by 2022. Governance policies will be revamped, reducing board size, tenure, and retirement age. Several directors, including Don Carty and Maureen Kempston Darkes, will not seek re-election, signaling a shift in the board's composition.
CN has announced a partnership with Earth Rangers to expand its EcoConnexions employee engagement program to employees' families, enhancing sustainability initiatives. Established in 2011, EcoConnexions focuses on reducing energy consumption and waste in CN's operations. Significant achievements include a 36% carbon reduction (140,000 tonnes), 208,000 tonnes of waste diverted from landfills, and $50 million in cost savings. The collaboration aims to instill environmental knowledge in families and foster a sustainable future.
CN (CNI) has filed its 2020 Annual Financial Statements, along with related documentation, with Canadian and U.S. securities regulators. These documents are accessible in the Investor section of CN's website. Shareholders can request printed copies of these documents free of charge. CN is recognized as a leader in transportation, facilitating the movement of over 300 million tons of goods across a vast rail network connecting Canada's coasts with the U.S. since 1919, while emphasizing social responsibility and environmental stewardship.
CN will present at the Citi 2021 Global Industrials Virtual Conference on February 17, 2021, at 10:30 a.m. ET. CEO JJ Ruest and CFO Ghislain Houle will provide insights which can be accessed via a live webcast on the company's Investor Relations webpage. CN is a key player in transportation, moving over 300 million tons of goods annually across a 19,500 mile rail network connecting Canada to the U.S. The company emphasizes its role in supporting the economy and is dedicated to social responsibility and environmental stewardship.
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