Canadian National Railway reports developments for a North American freight railroad that moves natural resources, manufactured products and finished goods across a network linking Canada's coasts with the U.S. Midwest and Gulf Coast. Recurring updates cover operating and financial results, grain movement, customer safety programs for regulated products, dividends, share repurchases, debt-market registration activity, shareholder voting matters and regulatory engagement affecting rail competition.
CN (TSX: CNR) (NYSE: CNI) has announced it will release its fourth-quarter and full-year 2024 financial and operating results after market close on January 30, 2025. The company will hold a conference call at 4:30 p.m. Eastern Time to discuss the results and provide outlook insights.
The call will be led by Tracy Robinson, CN's President and Chief Executive Officer. Interested parties can participate via telephone using the following numbers: 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), with passcode 1405609. A live webcast and supporting slides will be available through CN's Investors section website, with a replay available after the call.
CN (TSX: CNR) (NYSE: CNI) has announced reaching a new tentative four-year collective agreement with the International Brotherhood of Electric Workers (IBEW). The agreement covers approximately 750 Signals and Communication employees across Canada. The previous collective agreement expired on December 31, 2024. Details of the new agreement will remain confidential until ratification.
CN (TSX: CNR) (NYSE: CNI) has launched a new medium horsepower hybrid electric locomotive pilot project in collaboration with Knoxville Locomotive Works. The innovative 3,200 horsepower hybrid unit features a 2.4MWh-700HP battery-diesel engine that is 100% biofuel ready and offers up to 60% increased horsepower compared to traditional yard locomotives.
The hybrid system aims to achieve up to 50% reduction in fuel consumption compared to typical locomotives in similar operations. The pilot will be implemented in phases over six months across various CN yards and branch lines in Tennessee, Mississippi, Louisiana, and eventually in Western Canada to test cold weather performance.
This initiative is part of CN's broader sustainability program aimed at achieving net-zero emissions through deep decarbonization efforts.
CN (NYSE: CNI) has received approval from the U.S. Surface Transportation Board (STB) for its acquisition of Iowa Northern Railway Company (IANR). The integration can begin as early as February 13, 2025, combining IANR's 175 route miles with CN's nearly 20,000-mile rail network.
The merger will enable single-line service connecting grain, fertilizer, renewable fuels, and industrial markets to CN's North American network. The combination aims to provide customers and local businesses along the IANR network with enhanced market access and growth opportunities.
This strategic acquisition represents an important step in CN's growth plan, focusing on expanding network capabilities and improving rail service for customers, farmers, and supply chain partners.
CN (NYSE: CNI) has announced it will release its fourth-quarter and full-year 2024 financial and operating results after market close on January 30, 2025. The company will host a conference call at 4:30 p.m. Eastern Time on the same day, led by President and CEO Tracy Robinson, to discuss the results and the railway's outlook.
Interested parties can participate via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) using passcode 1405609. Participants should dial in 10 minutes before the call. The presentation will be webcast live with supporting slides available through CN's Investors section website, with a replay available after the call.
CN (TSX: CNR) (NYSE: CNI) has successfully ratified new four-year collective agreements with Unifor, representing approximately 3,300 employees in Canada across mechanical, clerical, and intermodal functions. The agreements, ratified on December 22, 2024, include 3% annual wage increases and will remain in effect until December 31st, 2028. CN's CEO Tracy Robinson emphasized that these agreements strengthen their workforce and enhance their ability to serve customers reliably across North America.
CN has recognized 73 customers, suppliers and supply chain partners for their sustainability leadership through its EcoConnexions Partnership Program. The program celebrates businesses committed to climate action, environmental impact reduction, biodiversity promotion, and sustainable business practices.
The 2024 program introduces a new three-tier recognition system with gold, silver, and bronze levels. As part of this initiative, CN will plant 100,000 trees in partnership with Tree Canada to acknowledge partners' sustainable business practices. Notable gold partners include major corporations like Alcoa, Ford Motor Company, Honda Canada, and Walmart Canada, while silver partners include prominent companies such as Atlantic Container Line and Halifax Port Authority. Bronze partners comprise organizations like BCD Travel and Montreal Port Authority.
CN (TSX: CNR) (NYSE: CNI) has unveiled its first Indigenous Reconciliation Action Plan (IRAP), designed to strengthen relationships with Indigenous communities over the next three years in Canada. The plan, developed through community and employee feedback, focuses on five key pillars: Cultural Awareness and Employee Engagement, People and Employment, Economic Reconciliation, Community Engagement and Relationships, and Environmental Stewardship, Safety and Sustainability. The IRAP aims to establish sustainable partnerships and create opportunities for meaningful collaboration with Indigenous peoples across CN's network.
Tracy Robinson, President and CEO of CN (TSX: CNR) (NYSE: CNI), will address the Scotiabank Transportation and Industrials Conference on November 13, 2024, at 8:30 a.m. Eastern Time (ET). CN will offer a live webcast accessible through the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available after the event.
CN has announced its fourth-quarter 2024 dividend approval by the Board of Directors. Shareholders of record as of December 9, 2024, will receive a quarterly dividend of C$0.8450 per common share, payable on December 30, 2024. This dividend declaration demonstrates CN's commitment to returning value to its shareholders and reflects the company's financial stability. The announcement provides important information for current and potential investors regarding the upcoming dividend payment and relevant dates.