Canadian National Railway Stock Price, News & Analysis

CN (NYSE: CNI) announced a quarterly dividend of C$0.7325 per common share, set to be paid on December 29, 2022. Shareholders must be on record by the close of business on December 8, 2022. This dividend reflects CN's commitment to returning value to shareholders while maintaining its status as a leader in transportation, connecting Canada and the U.S. through an extensive rail network. The company continues to focus on social responsibility and environmental stewardship in its operations.

CN (TSX: CNR) (NYSE: CNI) reported strong financial results for Q3 2022, with record revenues of C$4,513 million, a 26% increase year-over-year. Adjusted diluted EPS rose 40% to C$2.13, despite a 10% decline in reported EPS due to a prior merger fee. Operating income also hit a record of C$1,932 million, up 44%. The company raised its 2022 EPS growth outlook to approximately 25% and free cash flow expectation to C$4.2 billion. Operational metrics showed improvements in car velocity and fuel efficiency, demonstrating effective service delivery and cost management.

On October 25, 2022, CN (CNI) will release its third-quarter 2022 financial results after market closure. A conference call reviewing these results and the company's outlook is scheduled for 4:30 PM ET, led by Tracy Robinson, the president and CEO. Interested participants can join via telephone or watch the live webcast accessible through CN's Investors section at www.cn.ca/en/investors. A replay of the webcast will be available post-call.

CN is a leading transportation provider, moving over 300 million tons of goods annually across North America.

CN (TSX: CNR) (NYSE: CNI) reported a record week for grain movement, transporting over 806,000 metric tonnes of grain from Western Canada during the week of October 16, surpassing its previous record by more than 50,000 metric tonnes. This follows a strong September where over 2.64 million metric tonnes were moved. Additionally, CN reopened a branch line in Northern Alberta within a week after a bridge fire, ensuring continuity in transporting grain and other products. The company has also released its 2022-2023 Winter Plan to prepare for upcoming seasonal demands.

CN (TSX: CNR) (NYSE: CNI) has successfully concluded its arbitration with the International Brotherhood of Electrical Workers (IBEW), finalizing a collective agreement retroactive to January 1, 2022, lasting until December 31, 2024. Key points include a 3% wage increase for the years 2022, 2023, and 2024. Rob Reilly, COO of CN, expressed satisfaction with the resolution, emphasizing a commitment to operational efficiency and customer relations. The IBEW represents around 750 unionized Signals and Communications employees in CN's Canadian operations.

CN (TSX: CNR) (NYSE: CNI) will release its third-quarter 2022 financial results post-market on October 25, 2022. A conference call to discuss the results and future outlook will occur at 4:30 p.m. ET on the same day, led by CN's President and CEO, Tracy Robinson. Interested participants can join by dialing 1-888-440-2180 (Canada/U.S.) or 1-438-803-0536 (International) with the passcode 5462999. The event will be available via live webcast and will also feature supporting slides on CN's investor website.

CN Launches Rail Safety Week 2022

On September 19-25, CN (TSX: CNR, NYSE: CNI) kicks off its annual rail safety awareness campaign, Rail Safety Week 2022. The CN Police Service and employees aim to educate communities across North America about safe behaviors around railway properties. In 2021, there were 2,145 train-related collisions and 199 incidents in Canada leading to significant fatalities and injuries. CN is collaborating with over 378 communities to enhance rail safety awareness, showcasing its commitment to making railroads safer for everyone.

CN is promoting rail safety during Rail Safety Week from September 19-25, 2022. The company invites media to participate in discussions with CN police officers, focusing on the importance of safety at crossings and the dangers of trespassing. Throughout the week, CN Police will conduct public awareness campaigns and safety initiatives at commuter stations and railway crossings to reduce accidents. Each year, CN police respond to numerous events and engage with schools and organizations to enhance rail safety awareness.