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 (NYSE: CNI) reported a record 2025–26 crop year, moving more than 33.8 million metric tonnes (MMT) of grain from Western Canada, beating the prior 2024–25 record of 31.2 MMT.
July grain shipments reached 2.62 MMT, above the previous July record of 2.43 MMT, and CN released its new 2026–27 Grain Plan to prepare its network and resources for the upcoming harvest.
CN (NYSE: CNI) announced the America250 Hometown Whistle Stop Tour, a three-day journey across its U.S. rail network from August 17–19, 2026, celebrating America’s 250th anniversary and freight rail’s role in connecting communities, industries and supply chains.
Two America250 commemorative locomotives will travel through South Bend (IN), East Lansing (MI), Durand (MI) and Flat Rock (MI). Events are open to the public and media, with an event flyer providing exact times and locations. Media must pre-register with CN’s media relations team and will be able to photograph the locomotives and interview CN executives and invited dignitaries, subject to availability. CN emphasizes rail safety and urges the public to watch only from safe, public locations.
CN (NYSE: CNI) has released its 2026–2027 Grain Plan, outlining how it aims to provide safe, reliable and efficient rail service to support Canada’s agricultural sector and grain supply chain. As the 2025–2026 crop year concludes, CN reports achieving 10 months of record grain movement across its network, reflecting collaboration with producers, grain companies, terminals, customers and railroaders.
For 2026–2027, CN anticipates moving 30–33 million metric tonnes (MMT) of grain and processed grain products, compared with a stated maximum sustainable end-to-end grain supply chain capacity of 36.7 MMT. The plan emphasizes supply chain collaboration, continued public weekly performance metrics and monthly reporting, and readiness to adapt to changing market conditions while maintaining a safe, fluid railway.
CN (NYSE: CNI) reports that it is supporting more than 300 customer development projects across its North American rail network. In 2025, CN helped bring over 70 customer projects into service, tied to more than $2 billion in customer investment.
By mid-2026, CN has supported 30 additional customer-led projects and is on track for roughly 70 more by late 2026 and early 2027. The company plans approximately $2.8 billion of capital investment in 2026, including the Zanardi Rapids Bridge and Glen Valley double-track projects, after 2025 upgrades on the Edson Subdivision increased corridor capacity by about 25%.
CN (TSX: CNR, NYSE: CNI) declared a third-quarter 2026 dividend on its common shares. The Board approved a quarterly dividend of C$0.9150 per share, payable on September 29, 2026, to shareholders of record at the close of business on September 8, 2026.
CN highlights its nearly 20,000-mile North American rail network, transporting over 300 million tons of goods annually.
CN (NYSE:CNI) reported strong second-quarter 2026 results, with total revenues up 11% year over year to C$4,753 million and freight revenues up 11% to C$4,559 million. Operating income rose 9% to C$1,781 million, while adjusted operating income increased 10% to C$1,798 million. Net income grew 7% to C$1,249 million, and diluted EPS reached C$2.06, up 10%; adjusted diluted EPS was C$2.08, up 11%, or C$2.09 at constant currency, up 12%.
RTMs increased 5% and GTMs 3%, supported mainly by grain and energy products. For the first half, free cash flow was C$1,842 million, up 19%. CN raised its 2026 outlook, now assuming low single‑digit RTM growth and mid‑to‑high single‑digit adjusted diluted EPS growth. The Board approved a Q3 2026 dividend of C$0.9150 per share, and the company repurchased about 2.9 million shares for C$454 million in the quarter.
CN (NYSE: CNI) will release its second-quarter 2026 financial and operating results on July 24, 2026, at 7:30 a.m. Eastern Time. A conference call led by President and CEO Tracy Robinson will follow at 8:30 a.m. Eastern Time, accessible by telephone and live webcast.
CN (NYSE: CNI) and Union Pacific (NYSE: UNP) signed a binding Memorandum of Understanding that sets a framework for CN to secure competitive access tied to the proposed Union Pacific–Norfolk Southern (NYSE: NSC) merger. The settlement agreement is contingent on Surface Transportation Board (STB) approval and closing of the merger and is designed to preserve customer options and resolve terminal railroad ownership issues while expanding CN’s presence in the U.S. Midwest.
According to CN, the agreement would give CN access to shipper facilities where Class I railroad choices would otherwise drop from 2-to-1 or 3-to-2, where feasible. CN would acquire Norfolk Southern’s ownership interests in the Kansas City Terminal Railway Company and the Terminal Railroad Association of St. Louis, gain new overhead rights between Tuscola and East St. Louis in Illinois, and rights to serve customers between St. Louis and Kansas City in Missouri, including use of Union Pacific’s Neff Yard in Kansas City. CN will not oppose the Union Pacific–Norfolk Southern merger and plans to work with Union Pacific through the STB process to implement the framework.
CN (NYSE: CNI) and Union Pacific (NYSE: UNP) signed a binding Memorandum of Understanding on July 22, 2026 to enhance North American rail connectivity. The agreement expands Union Pacific’s operating rights on CN’s Elgin, Joliet & Eastern Railway (EJ&E) corridor around Chicago.
In return, CN receives new operating rights on Union Pacific’s network between Memphis, Tennessee, and Eagle Pass, Texas, supporting freight movements between Canada and Mexico. According to CN and Union Pacific, the arrangement is intended to create new service options and strengthen north–south rail links.
CN (NYSE:CNI) reported a new monthly record for grain movement across its network in June 2026. The company moved 2.67 million metric tonnes (MMT) of grain from Western Canada, exceeding the prior June record of 2.64 MMT set in 2020.
CN attributes this performance to strong customer demand, collaboration across the grain supply chain and operational flexibility. Despite heavy rainfall in parts of Western Canada, CN maintained network fluidity, adjusted shipping plans and efficiently moved grain to export markets while focusing on safe, consistent and reliable service.