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 announces the launch of the first phase of a logistics park in Mobile, Alabama, in collaboration with Alabama Export Railroad and Ray-Mont Logistics, aimed at bagging and containerizing plastic pellets. Set to open in late 2021, the facility will handle 25,000 Twenty-Foot Equivalent Units annually and enhance export capacity to Asia, Latin America, and Europe. This initiative strengthens CN's supply chain strategies and responds to increasing demand in the U.S. plastic resin market, fostering growth opportunities for its partners and customers.
CN Announces New Inland Distribution Terminal in Wisconsin
On December 10, 2020, CN (CNI) unveiled plans for a new inland terminal in New Richmond, WI, set to open on March 1, 2021. This facility enhances access to CN’s intermodal services for the Minneapolis and Saint Paul metropolitan area, supporting various industries such as automotive, grain, and consumer goods. The terminal aims to facilitate agricultural exports to global markets while reducing highway traffic. CN has invested approximately $970 million in Wisconsin over five years, employing around 1,413 individuals and operating 1,428 railroad miles.
CN (TSX: CNR, NYSE: CNI) has achieved a record grain movement of over 3.12 million metric tonnes (MMT) in November 2020, following an all-time high of 3.27 MMT in October. This marks the ninth consecutive month of record grain movements, building on previous monthly records since March 2020. Containerized grain shipments from western Canada also hit new levels, totaling over 400,000 MMT since the crop year's start. The company is committed to maintaining its operational efficiency through winter challenges with the introduction of new grain hopper cars.
CN (CNI) has renewed its commitment with a C$500,000 donation to the Centre for Supply Chain Management at Wilfrid Laurier University, enhancing collaboration in supply chain education and research. This follows a previous donation of C$500,000 in 2015. The partnership is vital, especially given the heightened focus on supply chains during the COVID-19 pandemic. This funding will support student internships, a CN Fellow position, and an annual World Class Supply Chain conference, fostering development in a critical area of logistics and supply chain management.
CN's CEO JJ Ruest and CFO Ghislain Houle will present at Credit Suisse’s 8th Annual Virtual Industrials Conference on December 3, 2020, at 7:30 a.m. EST. The event will be accessible via a live webcast on the Investors’ section of CN's website, with a replay available shortly after the event. CN is a leading transportation and trade-enabler in North America, transporting over 300 million tons of goods annually through its extensive rail network, supporting social responsibility and environmental stewardship.
CN Supports Climate Disclosures
MONTREAL, Nov. 23, 2020 – CN (CNI) announces its formal support for the Task Force on Climate-related Financial Disclosures (TCFD), becoming the first North American railroad to do so. This commitment is backed by its inaugural TCFD report, which details how CN incorporates climate risks into its operations. The company has reduced locomotive emission intensity by 40% since 1993 and aims to further decrease its GHG emissions, reflecting its dedication to sustainability in transportation.
CN Supports Climate Financial Disclosures
CN (TSX: CNR) (NYSE: CNI) has announced its support for the Task Force on Climate-related Financial Disclosures (TCFD), becoming the first North American railroad to do so. The company released its first TCFD report, outlining its strategies to manage climate-related risks and opportunities. CN is committed to reducing its GHG emissions, having reduced locomotive emission intensity by 40% since 1993. The company aims to lead in sustainability by achieving a low-carbon economy and supports various international sustainability frameworks.
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