Canadian National Railway Stock Price, News & Analysis

CN (NYSE: CNI) announced a quarterly dividend of C$0.79 per common share, payable on June 30, 2023, to shareholders on record by June 9, 2023. This decision reflects CN's commitment to delivering shareholder value, showcasing the company's strong financial position and ongoing profitability. With a vast 18,600-mile rail network, CN plays a crucial role in transporting over 300 million tons of goods across North America, contributing significantly to the economy and communities it serves.

Founded in 1919, CN emphasizes social responsibility and environmental stewardship, making it a notable leader in transportation and trade.

CN (TSX: CNR) (NYSE: CNI) reported strong financial results for Q1 2023, with diluted earnings per share (EPS) of C$1.82, representing a 38% increase on an adjusted basis and 39% on a reported basis. Revenues reached a record C$4,313 million, up 16% year-over-year, primarily driven by higher fuel surcharge revenue and increased Canadian grain export volumes. Operating income also set a record at C$1,662 million, a 35% increase. The operating ratio improved to 61.5%, a reduction of 5.4 points, while free cash flow rose by 4% to C$593 million. CN updated its 2023 financial outlook, now projecting adjusted diluted EPS growth in the mid-single digits. Safety metrics also improved, underscoring a commitment to operational efficiency amidst economic uncertainties.

CN, Union Pacific, and GMXT have launched the Falcon Premium Intermodal Service, connecting Canada, the US, and Mexico with enhanced transit times and reliability. Announced on April 24, 2023, this service features seamless rail connections through Chicago, connecting key points in Canada and Detroit to GMXT terminals in Monterrey and Silao. The service aims to boost efficiency for shippers of automotive parts, food, appliances, and more.

Additionally, the service is set to reduce greenhouse gas emissions through fewer rail miles and promote truck-to-rail conversions. Leaders from each company emphasize the collaboration's potential to transform supply chains and meet customer needs swiftly. This initiative enhances intermodal connectivity and supports economic growth in North America.

MONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (NYSE: CNI) will release its first-quarter 2023 financial and operational results after market close. A conference call will provide insights into the results and future outlook, starting at 4:30 p.m. ET today, led by Tracy Robinson, CN's President and CEO.

Participants can join via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) with passcode 1000157. Joining instructions suggest dialing in 10 minutes early. The conference will also be webcast live, with supporting slides available on the Investors section of CN's website. A replay will be accessible post-call.

CN is recognized as a premier transportation leader, efficiently moving over 300 million tons of goods across North America annually. Its extensive rail network has been vital to economic activity since 1919.

CN has reached a tentative agreement with the Teamsters Canada Rail Conference (TCRC), representing 6,000 of its locomotive engineers, conductors, and yard staff in Canada. This agreement aims to ensure uninterrupted service across CN's rail network. Tracy Robinson, President and CEO of CN, expressed satisfaction with the productive discussions that led to this agreement, highlighting the importance of collaboration for the company’s operations.

CN operates an extensive 18,600-mile rail network, transporting over 300 million tons of goods annually across North America. This partnership reinforces CN's commitment to maintaining essential transportation services while supporting social responsibility and environmental stewardship.

CN has launched a new self-service sustainability tool, My Carbon Emissions, enhancing its commitment to environmental responsibility. This tool, accessible via the CN One eBusiness platform, allows customers to evaluate their greenhouse gas (GHG) emissions from shipments moved on CN, highlighting the benefits of rail transport over trucking. By offering insights into estimated emissions and the emissions avoided, CN supports companies aiming to reduce their transportation GHG emissions. The company has set ambitious targets to cut its Scope 1 and 2 GHG emissions intensity by 43% and Scope 3 emissions intensity by 40% by 2030. Additionally, CN aims for net-zero carbon emissions by 2050.

MONTREAL, April 6, 2023 – CN (TSX: CNR) (NYSE: CNI) will release its first-quarter 2023 financial and operating results post-market on April 24, 2023. A conference call to discuss the results and outlook will occur at 4:30 p.m. Eastern Time on the same day, led by Tracy Robinson, the company's President and CEO.

To join the call, participants can dial 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using passcode 1000157. Dial-in is recommended 10 minutes early. The presentation will be webcast live, with supporting slides available on the Investors section of CN's website. A replay will also be accessible after the call.

As a vital transportation leader, CN facilitates over 300 million tons of goods annually across North America, connecting Canada’s coasts with the U.S. South through an 18,600-mile network. Their commitment to social responsibility and environmental sustainability strengthens community prosperity.

CN (TSX: CNR) and its partners, Trealmont Transport Inc. and Kaptan US LLC, announced an agreement to create a multimodal transload facility in Calgary Logistics Park, expected to open in Q3 2024. This facility aims to enhance supply chain efficiency by facilitating transloading of intermodal containers from the ports of Prince Rupert and Vancouver. The project will leverage rail access, benefiting importers and exporters in Central Canada and the US Midwest, while promoting sustainability by reducing greenhouse gas emissions by up to 75%. The aim is to transform the transpacific trade model, providing a seamless connection for commodities.

CN (TSX: CNR) (NYSE: CNI) has announced its 2023 Annual General Meeting (AGM) set for April 25, 2023. The meeting will be conducted virtually, allowing shareholders to participate via webcast. The Management Information Circular includes nominations for the Board of Directors, featuring two new candidates: Michel Letellier and Al Monaco. Letellier has significant experience in renewable energy, while Monaco has a background in energy infrastructure. Both nominees are expected to bring valuable insights and expertise to CN’s board. Further details regarding the meeting and voting procedures are available on CN’s investor relations website.