Canadian National Railway Stock Price, News & Analysis

CN (TSX: CNR) (NYSE: CNI) has released its 2022-2023 Grain Plan, projecting a recovery in Western Canadian grain production following last year's drought. The company plans to recruit over 500 new employees and add 1,000 new high-capacity grain hopper cars to its fleet to meet anticipated demand. CN's strategy includes optimizing network access to key ports and enhancing operational efficiency to ensure effective grain transportation. CEO Tracy Robinson emphasized the agriculture sector's importance to Canada’s economy and CN’s commitment to deliver strong results.

CN (CNI) announced a quarterly dividend of C$0.7325 per common share, approved by its Board of Directors. This dividend will be paid on September 29, 2022, to shareholders recorded by the close of business on September 8, 2022. CN plays a vital role in transporting over 300 million tons of goods annually across its 18,600-mile rail network, connecting Canada and the U.S. since 1919. The company emphasizes its commitment to social responsibility and environmental stewardship in its operations.

CN reported robust financial results for Q2 2022, achieving a record EPS of C$1.93, up 30%, and total revenues of C$4,344 million, a 21% increase year-over-year. Operating income reached C$1,769 million, a rise of 28%, bolstered by improved operational metrics, including a 14% enhancement in origin train performance. The operating ratio improved to 59.3%. Despite a 43% increase in the injury frequency rate, the company maintains its 2022 outlook, targeting a 15-20% EPS growth and a free cash flow of C$3.7 billion to C$4.0 billion.

CN will release its Q2 2022 financial results on July 26, 2022, after the market closes. A conference call, led by CEO Tracy Robinson, will take place at 4:30 p.m. Eastern Time to review the results and future outlook. Participants can join by dialing 1-888-440-2180 (Canada/U.S.) or 1-438-803-0536 (International) with the passcode 5462999, advised to connect 10 minutes early. The presentation will be available via live webcast on CN's investor page, with a replay after the call.

CN (NYSE: CNI) will release its Q2 2022 financial results on July 26, 2022, after market close. A conference call to discuss the results and outlook will be held at 4:30 p.m. Eastern Time, led by President and CEO Tracy Robinson. Participants can join the call by dialing 1-888-440-2180 (Canada/U.S.) or 1-438-803-0536 (International), using passcode 5462999. A live webcast of the call will be available on CN’s investor website, with a replay accessible afterward.

CN invests $20 million in Iowa to enhance its railroad infrastructure and improve operations throughout the state. Announced on June 30, 2022, this investment targets technology upgrades, rolling stock, and decarbonization initiatives. Key maintenance activities include replacing over 14 miles of rail, installing around 9,000 new railroad ties, and upgrading road crossings. Over the past five years, CN has invested over $150 million in Iowa, supporting local economies and ensuring efficient transport of agricultural and manufactured products.

CN announced a $55 million investment in Michigan for 2022, aimed at enhancing technology, capacity, and decarbonization initiatives. Key maintenance includes replacing over 4 miles of rail, installing 50,000 new railroad ties, and improving road crossings. Over the past five years, CN has invested over $350 million in Michigan, supporting approximately 940 employees and operating 905 route miles. Forward-looking statements caution about risks and uncertainties affecting future outcomes.

CN is investing $65 million in Mississippi to enhance its 21st-century rail network. This investment includes technology upgrades, capacity expansion, and infrastructure improvements aimed at ensuring safe and efficient goods movement. Over the past five years, CN has invested over $300 million in the state, supporting local economies and creating jobs, with approximately 460 employees and 575 route miles operated in Mississippi.

Key maintenance efforts include replacing 5 miles of rail and installing over 130,000 new ties.

CN announces $55 million investment in Minnesota, aimed at enhancing technology, capacity, and sustainability. This investment will include maintenance programs such as replacing 5 miles of rail and installing over 105,000 new railroad ties. Over the past five years, CN has invested more than $300 million in Minnesota, employing around 540 people and operating 426 route miles. The company emphasizes its role in supporting supply chains while committing to community partnerships and environmental initiatives.