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 (CNI) operates North America's premier transcontinental rail network, providing critical freight transportation services across diverse industries. This dedicated news hub offers investors and stakeholders timely updates on CN's operational milestones, strategic initiatives, and market developments.
Access official press releases and curated analysis covering CN's core business activities including intermodal logistics expansion, infrastructure investments, and sustainability programs. Our repository tracks material developments across key operational areas: quarterly financial results, network capacity enhancements, strategic partnerships, and environmental stewardship efforts.
Monitor updates on CN's role in strengthening supply chain resilience through its coast-to-coast rail infrastructure connecting major economic hubs. The curated news selection enables stakeholders to track regulatory developments, technology implementations, and service expansions affecting CN's market position.
Bookmark this page for streamlined access to verified information about CN's operational performance and industry leadership. Regularly updated content supports informed decision-making for those tracking North American transportation and logistics sectors.
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.
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.
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.
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.
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.
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.
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.
