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.
On January 24, 2023, CN (CNI) announced a new normal course issuer bid allowing the repurchase of up to 32 million shares, approximately 4.8% of its outstanding shares, for a total of C$4 billion. This buyback reflects the company's strong cash flow and commitment to returning value to shareholders, coinciding with an 8% increase in its 2023 dividend to C$0.79 per share, payable on March 31, 2023. The bid will run from February 1, 2023, to January 31, 2024. As of January 18, 2023, CN had already bought back nearly 31 million shares under the previous bid, demonstrating effective capital management.
CN (NYSE: CNI) reported strong financial results for Q4 and full-year 2022, with revenues of C$4.54 billion, up 21%, and diluted EPS of C$2.10, reflecting a 24% increase year-over-year. Operating income also grew by 22%, driven by higher freight rates and increased volumes. The operating ratio remained stable at 57.9%. Despite challenges from a softening economy, CN anticipates low single-digit EPS growth in 2023. The Board approved an 8% dividend increase, marking 27 consecutive years of rising dividends. Additionally, CN initiated a new share repurchase program to buy back up to 32 million shares over the next year.
CN (TSX: CNR) (NYSE: CNI) will release its fourth-quarter and full-year 2022 financial results after market close on January 24, 2023. A conference call led by Tracy Robinson, CN President and CEO, is scheduled for 4:30 p.m. Eastern Time the same day to review these results and discuss the company's outlook.
Participants can join the call by dialing 1-800-806-5484 (Canada/U.S.) or 1-416-340-2217 (International) using the passcode 9915772#. A live webcast will be available on CN's Investors website, with a replay accessible afterward.
CN (TSX: CNR) (NYSE: CNI) is set to announce its fourth-quarter and full-year 2022 financial results post-market on January 24, 2023. The conference call will begin at 4:30 p.m. ET, led by Tracy Robinson, CN's President and CEO.
Participants can call in at 1-800-806-5484 for Canada/U.S. or 1-416-340-2217 internationally, with the passcode 9915772#. A live webcast and supporting slides will be available on CN's Investors website, with a replay after the call.
CN (TSX: CNR) (NYSE: CNI) acknowledged 58 customers and supply chain partners for their dedication to sustainability through its EcoConnexions Partnership Program. This initiative aims to minimize environmental impact, focusing on emissions reduction, energy efficiency, and biodiversity. Since 2014, CN has encouraged collaboration towards sustainability goals. The company, in partnership with Tree Canada, plans to plant 100,000 trees across Canada and the U.S. CN has planted over 2.3 million trees since 2012 as part of its broader commitment to social responsibility and environmental stewardship.
On November 28, 2022, CN announced the appointment of Edmond (Ed) Harris as Executive Vice-President and Chief Operating Officer, effective immediately. Harris succeeds Rob Reilly and brings over 40 years of experience in rail operations. His previous roles include leadership at CSX and Canadian Pacific Railway. The company emphasized the importance of Harris’s expertise in advancing operational performance and guiding the next generation of leaders. Forward-looking statements caution that certain assumptions may not materialize due to economic uncertainties.
CN (CNI) will have its Executive Vice-President and CFO, Ghislain Houle, speak at the 2022 Scotiabank Transportation and Industrials Conference on November 15, 2022, at 8:00 a.m. ET. The event will be available for live streaming on the company’s investor website, followed by a replay. CN is a key player in transportation, moving over 300 million tons of goods annually across North America with an extensive rail network that connects Canada’s coasts to the U.S. South.
CN (NYSE: CNI) has joined the UN Global Compact, emphasizing its commitment to responsible business practices. This initiative, the largest corporate sustainability platform globally, aims to align operations with principles regarding human rights, labor, environment, and anti-corruption. CEO Tracy Robinson highlights that sustainability is central to CN's mission to become North America's safest and most carbon-efficient railroad. Moreover, CN safely transports over 300 million tons of goods annually across its extensive rail network, contributing to community prosperity and sustainable trade.
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