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.
CN (TSX: CNR) (NYSE: CNI) has filed its 2021 Annual Financial Statements and associated documents with Canadian and U.S. regulators, now accessible on its investor website. Printed versions are available to shareholders upon request. CN plays a vital role in North American transportation, moving over 300 million tons of goods annually through its 19,500-mile network. The company emphasizes its commitment to social responsibility and environmental stewardship, contributing to economic growth since its establishment in 1919.
CN has announced the withdrawal of the requisition for a Special Meeting of Shareholders scheduled for March 22, 2022. This follows a Resolution Agreement with TCI, which includes plans to appoint two new independent directors by the 2022 Annual General Meeting. In return, TCI will support the election of all CN director nominees at upcoming AGMs. This move aims to strengthen the Board and enhance shareholder engagement, as noted by CN's Chair Robert Pace and TCI's Chris Hohn.
CN has appointed Tracy Robinson as President and CEO effective February 28, 2022, following the retirement of Jean-Jacques Ruest. Robinson brings over 35 years of experience from TC Energy and Canadian Pacific. The board welcomed Jean Charest as an independent director and appointed Shauneen Bruder as Vice Chair. Two additional independent directors with railroad expertise will join before the 2022 AGM. CN is focused on growth and enhancing shareholder value while ensuring a smooth leadership transition.
On January 25, 2022, CN (CNI) announced a C$5 billion share buyback plan allowing repurchase of up to 42 million shares over a year, representing 6.80% of common shares. The move follows a strong Q4 performance and aims to enhance shareholder value. Additionally, the dividend for 2022 increased by 19%, with a quarterly payout of C$0.7325 per share. The buyback, commencing February 1, 2022, will align with market conditions and regulations.
On January 25, 2022, CN reported strong financial results for Q4 and FY 2021, highlighting adjusted diluted EPS growth of 20% in Q4 to C$1.71 and an operating ratio improvement to a record 57.9%. Q4 revenues increased by 3% to C$3,753 million, while total revenue for 2021 was C$14,477 million, up 5%. Notably, the company expects approximately 20% adjusted diluted EPS growth for 2022 and a 19% dividend increase. Additionally, a new share buyback program was approved. The results reflect CN's resilience amid external challenges.
CN (CNI), a leading North American transportation company, will release its fourth-quarter and full-year 2021 financial results on January 25, 2022, after market close. A conference call to discuss these results and future outlook will follow at 4:30 PM ET, led by President and CEO JJ Ruest. Interested participants can join by dialing 1-866-324-3683 (Canada/U.S.) or 1-509-844-0959 (International) with passcode 1523718. A live webcast of the presentation will be available on CN's investor website, along with a replay post-call.
On January 13, 2022, CN (CNI) announced plans to submit a responsive application to the Surface Transportation Board regarding the CP-KCS merger. CN seeks to require the divestiture of the KCS Springfield Line, which connects Kansas City to Springfield, to enhance competition. CN commits to investing at least US$250 million to upgrade the line, promoting rail-to-truck competition and environmental benefits by reducing truck traffic. This investment aims to create jobs and expand economic opportunities in the Midwest.
CN will release its fourth-quarter and full-year 2021 financial results on January 25, 2022, after market close. A conference call will follow at 4:30 p.m. ET, led by JJ Ruest, the company's President and CEO. Interested participants can join by dialing 1-866-324-3683 (Canada/U.S.) or 1-509-844-0959 (International), using passcode 1523718. A live webcast will be available on the CN Investors website, along with supporting slides, and a replay will be provided afterward.
On Dec. 23, 2021, TCI Fund Management, a significant shareholder of Canadian National Railway (CNI), expressed concerns about the ongoing CEO search process and the competency of the current Board of Directors. TCI criticized the Board for its history of unsuccessful CEO appointments, deeming the selection process unreliable due to perceived conflicts. They called for the election of four independent candidates at the Special Meeting on March 22, 2022, emphasizing the need for experienced leadership to drive operational excellence and future growth.
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