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.
Dominique Malenfant, Executive Vice-President and Chief Information and Technology Officer, along with Rob Reilly, Executive Vice-President and Chief Operating Officer of CN (CNI), will speak at the 2020 Scotiabank Transportation and Industrials Conference on November 17, 2020, at 11:05 a.m. ET. A live audio webcast will be accessible via the Investors’ section of CN's website, with a replay available shortly after the event. As a key player in transportation, CN handles over 300 million tons of goods across its extensive rail network, contributing significantly to North America's economy.
CN will be participating in the 2020 Baird Global Industrial Conference on November 12, 2020, at 8:30 a.m. ET. Key executives, including Ghislain Houle (CFO), James Cairns (SVP, Rail Centric Supply Chain), and Keith Reardon (SVP, Consumer Product Supply Chain), will represent the company. Investors can access a live audio webcast of the remarks via the Investors’ section of CN's official website, ensuring stakeholders can stay informed about the company’s developments.
CN (CNI) has surpassed its previous record by moving over 2.88 million metric tons of Canadian grain in October 2020, with predictions to exceed the 3 million metric ton milestone. This record follows seven consecutive months of increased grain movement. Additionally, CN is set to receive 1,500 new high-capacity grain hopper cars, enhancing their grain transport capacity by approximately 10%. These improvements underscore CN's commitment to bolstering the North American economy and ensuring efficient supply chains amidst challenging conditions.
CN (CNI) announced a quarterly dividend of C$0.5750 per share, to be paid on December 30, 2020, for shareholders on record by December 9, 2020. This decision reflects the company's commitment to returning value to its investors amidst its robust operations. As a leader in transportation, CN plays a vital role in the movement of over 300 million tons of goods across North America annually, linking Canada’s coasts to the U.S.
CN (NYSE: CNI) reported third-quarter 2020 financial results, reflecting an 11% drop in revenues to C$3,409 million compared to the previous year. This decline was driven by lower volumes due to the COVID-19 pandemic, despite a rise in Canadian grain shipments. Diluted earnings per share fell by 17% to C$1.38, with operating income decreasing by 15% to C$1,366 million. However, operating expenses dropped by 8% to C$2,043 million, aided by lower fuel and labor costs. Free cash flow for the first nine months increased to C$2,087 million, showing some resilience amidst challenges.
CN (TSX: CNR, NYSE: CNI) will announce its third-quarter 2020 financial and operating results on October 20, 2020, at 4:01 p.m. EDT. A conference call led by president and CEO JJ Ruest will follow at 4:30 p.m. EDT to discuss the results and future outlook. Interested participants can join the call by dialing 800-355-4959 or 416-641-6122 by 4:20 p.m. EDT. The presentation will be webcast live, with supporting slides available on the CN Investors website post-market close.
CN (TSX: CNR) (NYSE: CNI) announced the appointment of Margaret A. McKenzie to its Board of Directors, effective October 6, 2020. With over 30 years of experience in the energy sector, McKenzie has held key roles including CFO of Range Royalty Management Ltd. and Profico Energy Management Ltd. She has served on numerous boards since 2006, currently holding directorships at PrairieSky Royalty Ltd, Ovintiv Corporation, and InterPipeline Limited. Her extensive expertise in management and finance is expected to contribute positively to CN's strategic direction and operations.
CN Reports Record Grain Movements
On October 5, 2020, CN (CNI) announced that it transported 7.76 million metric tonnes (MMT) of grain in Q3 2020, marking the seventh consecutive month of record grain movements. In August, CN moved 2.43 MMT, breaking a 2014 record, and in September, it moved 2.81 MMT, surpassing a 2016 record. Strong global demand for Canadian grain and favorable harvest conditions have contributed to this success. CN plans to enhance its services with 1,500 new grain cars, supporting local farmers and the economy.
During Rail Safety Week, from September 21-27, CN (CNI) emphasizes rail safety through media engagement and public awareness campaigns. The CN Police Service invites media representatives to conduct interviews focusing on the dangers of trespassing and the importance of safety at railway crossings. The campaign aims to reduce accidents and educate the public about railway safety through initiatives at commuter stations and crossings. Interviews can be arranged respecting social distancing or virtually.
CN (TSX: CNR, NYSE: CNI) will release its Q3 2020 financial results on Oct. 20, 2020, at 4:01 p.m. EDT. A conference call, led by President and CEO JJ Ruest, will follow at 4:30 p.m. EDT to discuss results and future outlook. Participants can join by calling 800-355-4959 or 416-641-6122 by 4:20 p.m. EDT. The presentation will be available live on CN's Investors website along with supporting slides post-market close that day. CN is pivotal in transporting over 300 million tons of goods across North America annually.
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