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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.

News

Ghislain Houle and Patrick Whitehead to Address the 45th Annual Raymond James Institutional Investor Conference on March 6

Rhea-AI Summary
CN (CNI) executives to speak at the 45th Annual Raymond James Institutional Investor Conference on March 6, 2024. The webcast will be available on the company's website.
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CN’s Sustainability Leadership Recognized through Key ESG Rankings

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CN (CNI) has been recognized as a top sustainability performer in the transportation industry by the 2024 S&P Global Yearbook and CDP. The company's commitment to environmental stewardship and governance has earned it accolades for its sustainability efforts.
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Ghislain Houle and Derek Taylor to Address Investor Conferences on February 20 and 21

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Canadian National Railway (CNI) executives to address Citi 2024 Global Industrials Conference and Barclay’s 2024 Industrial Select Conference on February 20 and 21 respectively. Live webcast available on www.cn.ca/investors.
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CN’s 2023 Annual Financial Statements and Annual Information Form available on Company Website

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CN (CNI) has filed its 2023 Annual Financial Statements, Notes, and Management’s Discussion and Analysis with Canadian and U.S. securities regulators. The documents are now available on the company's website and printed copies will be provided to shareholders upon request.
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CN Announces New Normal Course Issuer Bid for Share Repurchase and 7% Dividend Increase

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CN (CNI) has announced a 7% increase in the 2024 dividend on its common shares outstanding and the repurchase of up to 32 million common shares under a new normal course issuer bid. The company has continued to deliver good financial results and free cash flow, supporting the uninterrupted growth in dividends since privatization. The new share repurchase program is consistent with the company's plan to gradually increase leverage over time, subject to economic conditions. The Board of Directors also approved a first-quarter 2024 dividend of C$0.8450 per common share.
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CN Announces Fourth Quarter and Year-End Results

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CN (CNI) reported its financial and operating results for Q4 and full-year 2023, showing a 57% increase in diluted EPS for Q4 and a 15% increase for the full year. Operating ratio increased by 1.4% for Q4 and 0.8% for the full year. The company expects to deliver 10% EPS growth in 2024 and plans to invest approximately C$3.5 billion in its capital program. CN also approved a 7% increase in its 2024 quarterly cash dividend and a new share repurchase program. However, the company reported a 2% decrease in revenues for Q4 and a 2% decrease for the full year, as well as a 9% decrease in free cash flow for 2023.
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CN to Report Fourth Quarter and Full-Year 2023 Financial and Operating Results Today

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CN (CNI) will release its Q4 and full-year 2023 financial and operating results, followed by a conference call led by Tracy Robinson, CN's President and CEO. The call will discuss the railway's outlook and will be available for webcast replay on the company's website.
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CN and Unifor Affiliated CNTL Drivers Reach Tentative Agreement

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CN (CNI) subsidiary CNTL has reached a tentative four-year agreement with Unifor-affiliated owner-operators covering approximately 750 contracts in Canada. The deal aims to support business needs and ensure the continuation of critical first and last mile services.
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CN Announces Remi G. Lalonde as Executive Vice-President

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CN (CNR) (CNI) appoints Remi G. Lalonde as Executive Vice-President and Special Advisor to the CEO, who will transition to the role of Chief Commercial Officer (CCO) in 2024. As a former CEO, CFO, and SVP at a prominent forest products company, Remi brings a successful track record of cross-functional experience and first-hand knowledge of supply chains to drive CN’s 2024-2026 growth agenda.
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CN to Report Fourth-Quarter and Full-Year 2023 Financial and Operating Results on January 23, 2024

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CN (CNR) (CNI) will release its Q4 and full-year 2023 financial and operating results on January 23, 2024. The company's senior officers will discuss the results and outlook in a conference call led by CN President and CEO Tracy Robinson.
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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 $101.17 as of December 20, 2024.

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

The market cap of Canadian National Railway (CNI) is approximately 63.4B.

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.

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Canadian National Railway

NYSE:CNI

CNI Rankings

#213 Ranked by Market Cap
#961 Ranked by Dividends

CNI Stock Data

63.38B
611.29M
2.64%
74.93%
0.34%
Railroads
Industrials
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United States of America
Montreal