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Canadian National Railway - CNI STOCK NEWS

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.

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CN (NYSE: CNI) launched its Rail Safety Week 2020 campaign from September 21-27, emphasizing the critical importance of rail safety amid the ongoing COVID-19 pandemic. The initiative aims to raise awareness about the dangers of trespassing on rail tracks and disregarding safety measures at crossings. With over 2,100 serious rail incidents reported annually in North America, CN is urging communities to remain vigilant. Rail Safety Week activities will adapt to health protocols while promoting a strong safety culture and collaboration with local communities.

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CN (TSX: CNR) (NYSE: CNI) will participate in Rail Safety Week from September 21-27, promoting rail safety awareness through media engagement and public campaigns. The CN Police Service will be available for interviews to discuss safety at railway crossings and the dangers of trespassing. During the week, safety initiatives will be conducted at commuter stations and crossings to remind the public about the risks associated with railway tracks. This effort aims to reduce collisions and accidents linked to trespassing.

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During Rail Safety Week from September 21-27, CN (CNI) engages with the media and public to raise awareness about rail safety. The CN Police Service will be available for interviews to discuss safety initiatives aimed at reducing collisions and trespassing incidents. The campaign will take place at commuter stations and railway crossings, emphasizing the importance of safety measures. Media outlets are invited to arrange interviews, respecting social distancing guidelines.

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On September 17, 2020, CN will present at the Morgan Stanley Virtual 8th Annual Laguna Conference, beginning at 1:30 p.m. EDT. The address will be delivered by CEO JJ Ruest and Senior VP James Cairns. A live audio webcast of the event will be available on the company's investor relations webpage, with a replay accessible shortly afterward. CN is a key player in North American transportation, moving over 300 million tons of goods annually through its extensive 19,500-mile rail network, linking Canada to the U.S.

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CN (TSX: CNR) (NYSE: CNI) has partnered with The Commtrex Transload Marketplace, providing customers improved access to its tri-coastal rail network and transloading services across Canada and the U.S. The Commtrex platform efficiently connects shippers with transloading providers, optimizing the movement of various cargo types. This partnership enhances CN's technological capabilities and customer service, offering valuable analytics for better supply chain management. CN plays a crucial role in transporting over 300 million tons of goods across North America annually.

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CN (CNI) will participate in the Cowen 2020 Global Transportation & Sustainable Mobility Conference on September 10, 2020, from 8:00 to 8:25 a.m. ET. Executives Ghislain Houle and Rob Reilly will represent the company, and a live audio webcast of the event will be available on CN's investors' website. CN plays a critical role in North America's economy by transporting over 300 million tons of goods annually through its extensive 19,500-mile rail network, connecting Canada's coasts with the U.S. The company focuses on social responsibility and environmental stewardship.

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CN and The Lion Electric Co. have signed a Memorandum of Understanding for CN to acquire 50 zero-emission trucks for intermodal use, aiming to cut greenhouse gas emissions from its urban operations. This order is the largest for Lion Electric Co. to date and marks a significant step in CN's commitment to sustainability. The trucks will eliminate approximately 100 tons of greenhouse gas emissions annually. CN's investment reflects its role as a leader in transitioning towards a greener economy while supporting local innovation and job creation.

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CN (TSX: CNR) (NYSE: CNI) has awarded a contract to National Steel Car Ltd. for 1,150 new high-capacity grain hopper cars, increasing its investment in Ontario to $1 billion by 2022. This purchase includes a $250 million commitment for the Milton Logistics Hub, which is crucial for economic recovery. The new grain cars will enhance grain transport capacity, demonstrating CN's role in supporting Canada's supply chain amid COVID-19 challenges. The investments aim to boost local economies and create jobs, crucial for Ontario's recovery.

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CN (TSX: CNR, NYSE: CNI) will hold a virtual fireside chat on September 2, 2020, from 9:00 to 9:45 a.m. ET, featuring CEO JJ Ruest and Senior VP Keith Reardon, hosted by Scotia Bank Research's Konark Gupta. The event aims to provide insights into CN's operations and strategic direction. A live audio webcast will be available in the Investors’ section of the company's website, with a replay shortly after. CN is a key transportation leader, moving over 300 million tons of goods annually across its extensive 19,500-mile rail network, essential for the economy and sustainability initiatives.

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CN (NYSE: CNI) announced the appointment of Dominique Malenfant as Executive Vice-President and Chief Information and Technology Officer, effective September 1. With over 35 years in technology and transportation, Malenfant aims to enhance CN's strategy through advanced technologies, digitalization, and automation. He previously served as Senior Vice-President at Wabtec, focusing on Precision Scheduled Railroading and Positive Train Control. As a world-class transportation leader, CN moves over 300 million tons of goods annually across North America, emphasizing its commitment to social responsibility and environmental stewardship.

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FAQ

What is the current stock price of Canadian National Railway (CNI)?

The current stock price of Canadian National Railway (CNI) is $109.2 as of November 21, 2024.

What is the market cap of Canadian National Railway (CNI)?

The market cap of Canadian National Railway (CNI) is approximately 70.1B.

What is the main business of Canadian National Railway Company?

Canadian National Railway Company transports a variety of goods including intermodal containers, petroleum, chemicals, grain, fertilizers, forest products, metals, minerals, automotive shipments, and coal.

Where is Canadian National Railway headquartered?

Canadian National Railway is headquartered in Montreal, Quebec, Canada.

What recent financial performance has CN reported?

In 2023, CN reported revenues of CAD 16.8 billion.

What are CN's major revenue sources?

Major revenue sources for CN include intermodal containers, petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, automotive shipments, and coal.

What recent developments have been announced by CN?

CN recently announced the relocation of its head office to Kevric’s redevelopment in downtown Montreal.

What regions does CN's railway network cover?

CN's railway network spans across Canada from coast to coast and extends through the Midwest and Southern United States to the Gulf of Mexico.

What is CN’s commitment to sustainability?

CN focuses on sustainability through operational excellence, emphasizing safety, efficiency, and environmental responsibility in its operations.

Who are some of CN's key partners?

Key partners of CN include Target Steel Inc. and the Michigan Department of Transportation.

How does CN contribute to the supply chain?

CN plays a crucial role in the supply chain by providing reliable and comprehensive freight services across North America.

What types of updates does CN provide in its latest news?

CN's latest news includes updates on financial performance, strategic initiatives, railroad statistics, and non-GAAP measures highlighting the company's operational and financial health.

Canadian National Railway

NYSE:CNI

CNI Rankings

CNI Stock Data

70.13B
611.29M
2.64%
74.87%
0.36%
Railroads
Industrials
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United States of America
Montreal