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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

CN to Acquire Iowa Northern Railway

Rhea-AI Summary
CN (CNR, CNI) has acquired Iowa Northern Railway (IANR), which operates 275 track miles in Iowa and connects to CN’s U.S. rail network. The acquisition aims to support local business growth, create single-line service to North American destinations, and preserve access to existing carrier options. The transaction is pending regulatory review by the U.S. Surface Transportation Board (STB) and is expected to accelerate sustainable, profitable growth.
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CN Recognizes 68 Customers, Suppliers and Supply Chain Partners under EcoConnexions Partnership Program

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CNR (CNI) Recognizes 68 Partners for Sustainability Commitment: CN's EcoConnexions Partnership Program extends to suppliers, celebrating companies dedicated to sustainable practices. The program involves planting 100,000 trees in Canada and the United States. CN emphasizes the pivotal role of suppliers in supporting sustainability goals and aims to deepen relationships across the supply chain.
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CN Announces New Intermodal Service to Port of Gulfport

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CN (CNI) announces new intermodal service with Port of Gulfport, MS, and Ports America, providing new options for refrigerated and dry import and export movements between US Midwest and Canada. The memorandum of understanding aims to improve supply chain productivity and increase market share.
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Ghislain Houle and Patrick Whitehead to Address the Scotiabank Transportation and Industrials Conference on November 15

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CN (TSX: CNR) (NYSE: CNI) executives will speak at the Scotiabank Transportation and Industrials Conference on November 15, 2023, with a live webcast available on their website.
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Ghislain Houle and Derek Taylor to Address the Stephens Annual Investment Conference on November 14

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Ghislain Houle, CFO, and Derek Taylor, incoming COO of CN, will speak at the Stephens Annual Investment Conference on November 14, 2023. The webcast will be available on CN's website.
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CN Announces Nova Scotia Partnership with Genesee & Wyoming

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CN has acquired a stake in the Cape Breton & Central Nova Scotia Railway (CBNS), including 145 miles of active track, from Genesee & Wyoming Inc. This partnership aims to strengthen CN's presence in eastern Canada and expand its network for long-term growth opportunities.
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CN announces US$600 Million Debt Offering

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CN (TSX: CNR) (NYSE: CNI) has announced a public debt offering of US$600 million, consisting of US$300 million 5.850% Notes due 2033 and US$300 million 6.125% Notes due 2053. The offering is expected to close on November 1, 2023. The net proceeds will be used for general corporate purposes, including the redemption and refinancing of outstanding debt, share repurchases, acquisitions, and other business opportunities.
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CN Announces Third Quarter Results

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CN (TSX: CNR) (NYSE: CNI) reported its financial and operating results for Q3 2023. Revenues decreased by 12% to C$3,987 million, operating income decreased by 21% to C$1,517 million, and diluted EPS decreased by 21% to C$1.69. Injury frequency rate deteriorated by 6%, accident rate deteriorated by 10%, and fuel efficiency improved by 1%. CN expects flat to slightly negative growth in adjusted diluted EPS for 2023.
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CN to Report Third-Quarter 2023 Financial and Operating Results Today

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CN (CNR) to release Q3 2023 financial results and outlook
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CN Announces Long-Term Transportation Agreement with AltaGas

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Canadian National Railway Company (CN) has announced a renewed and expanded 5-year transportation agreement with AltaGas. The agreement utilizes CN's exclusive access to the Port of Prince Rupert, providing strategic advantages for rail customers. Tracy Robinson, CN President and CEO, expressed confidence in the ability to accelerate sustainable, profitable growth.
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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.

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Canadian National Railway

NYSE:CNI

CNI Rankings

#198 Ranked by Market Cap
#1005 Ranked by Dividends

CNI Stock Data

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