Canadian National Railway Stock Price, News & Analysis

Dominique Malenfant, Executive Vice-President and Chief Information and Technology Officer, along with Rob Reilly, Executive Vice-President and Chief Operating Officer of CN (CNI), will speak at the 2020 Scotiabank Transportation and Industrials Conference on November 17, 2020, at 11:05 a.m. ET. A live audio webcast will be accessible via the Investors’ section of CN's website, with a replay available shortly after the event. As a key player in transportation, CN handles over 300 million tons of goods across its extensive rail network, contributing significantly to North America's economy.

CN will be participating in the 2020 Baird Global Industrial Conference on November 12, 2020, at 8:30 a.m. ET. Key executives, including Ghislain Houle (CFO), James Cairns (SVP, Rail Centric Supply Chain), and Keith Reardon (SVP, Consumer Product Supply Chain), will represent the company. Investors can access a live audio webcast of the remarks via the Investors’ section of CN's official website, ensuring stakeholders can stay informed about the company’s developments.

CN (CNI) has surpassed its previous record by moving over 2.88 million metric tons of Canadian grain in October 2020, with predictions to exceed the 3 million metric ton milestone. This record follows seven consecutive months of increased grain movement. Additionally, CN is set to receive 1,500 new high-capacity grain hopper cars, enhancing their grain transport capacity by approximately 10%. These improvements underscore CN's commitment to bolstering the North American economy and ensuring efficient supply chains amidst challenging conditions.

CN (CNI) announced a quarterly dividend of C$0.5750 per share, to be paid on December 30, 2020, for shareholders on record by December 9, 2020. This decision reflects the company's commitment to returning value to its investors amidst its robust operations. As a leader in transportation, CN plays a vital role in the movement of over 300 million tons of goods across North America annually, linking Canada’s coasts to the U.S.

CN (NYSE: CNI) reported third-quarter 2020 financial results, reflecting an 11% drop in revenues to C$3,409 million compared to the previous year. This decline was driven by lower volumes due to the COVID-19 pandemic, despite a rise in Canadian grain shipments. Diluted earnings per share fell by 17% to C$1.38, with operating income decreasing by 15% to C$1,366 million. However, operating expenses dropped by 8% to C$2,043 million, aided by lower fuel and labor costs. Free cash flow for the first nine months increased to C$2,087 million, showing some resilience amidst challenges.

CN (TSX: CNR, NYSE: CNI) will announce its third-quarter 2020 financial and operating results on October 20, 2020, at 4:01 p.m. EDT. A conference call led by president and CEO JJ Ruest will follow at 4:30 p.m. EDT to discuss the results and future outlook. Interested participants can join the call by dialing 800-355-4959 or 416-641-6122 by 4:20 p.m. EDT. The presentation will be webcast live, with supporting slides available on the CN Investors website post-market close.