Canadian National Railway Stock Price, News & Analysis

CN Reports Record Grain Movements

On October 5, 2020, CN (CNI) announced that it transported 7.76 million metric tonnes (MMT) of grain in Q3 2020, marking the seventh consecutive month of record grain movements. In August, CN moved 2.43 MMT, breaking a 2014 record, and in September, it moved 2.81 MMT, surpassing a 2016 record. Strong global demand for Canadian grain and favorable harvest conditions have contributed to this success. CN plans to enhance its services with 1,500 new grain cars, supporting local farmers and the economy.

CN (TSX: CNR, NYSE: CNI) will release its Q3 2020 financial results on Oct. 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 results and future outlook. Participants can join by calling 800-355-4959 or 416-641-6122 by 4:20 p.m. EDT. The presentation will be available live on CN's Investors website along with supporting slides post-market close that day. CN is pivotal in transporting over 300 million tons of goods across North America annually.

CN (NYSE: CNI) launched its Rail Safety Week 2020 campaign from September 21-27, emphasizing the critical importance of rail safety amid the ongoing COVID-19 pandemic. The initiative aims to raise awareness about the dangers of trespassing on rail tracks and disregarding safety measures at crossings. With over 2,100 serious rail incidents reported annually in North America, CN is urging communities to remain vigilant. Rail Safety Week activities will adapt to health protocols while promoting a strong safety culture and collaboration with local communities.

During Rail Safety Week from September 21-27, CN (CNI) engages with the media and public to raise awareness about rail safety. The CN Police Service will be available for interviews to discuss safety initiatives aimed at reducing collisions and trespassing incidents. The campaign will take place at commuter stations and railway crossings, emphasizing the importance of safety measures. Media outlets are invited to arrange interviews, respecting social distancing guidelines.

On September 17, 2020, CN will present at the Morgan Stanley Virtual 8th Annual Laguna Conference, beginning at 1:30 p.m. EDT. The address will be delivered by CEO JJ Ruest and Senior VP James Cairns. A live audio webcast of the event will be available on the company's investor relations webpage, with a replay accessible shortly afterward. CN is a key player in North American transportation, moving over 300 million tons of goods annually through its extensive 19,500-mile rail network, linking Canada to the U.S.

CN (TSX: CNR) (NYSE: CNI) has partnered with The Commtrex Transload Marketplace, providing customers improved access to its tri-coastal rail network and transloading services across Canada and the U.S. The Commtrex platform efficiently connects shippers with transloading providers, optimizing the movement of various cargo types. This partnership enhances CN's technological capabilities and customer service, offering valuable analytics for better supply chain management. CN plays a crucial role in transporting over 300 million tons of goods across North America annually.

CN (CNI) will participate in the Cowen 2020 Global Transportation & Sustainable Mobility Conference on September 10, 2020, from 8:00 to 8:25 a.m. ET. Executives Ghislain Houle and Rob Reilly will represent the company, and a live audio webcast of the event will be available on CN's investors' website. CN plays a critical role in North America's economy by transporting over 300 million tons of goods annually through its extensive 19,500-mile rail network, connecting Canada's coasts with the U.S. The company focuses on social responsibility and environmental stewardship.

CN and The Lion Electric Co. have signed a Memorandum of Understanding for CN to acquire 50 zero-emission trucks for intermodal use, aiming to cut greenhouse gas emissions from its urban operations. This order is the largest for Lion Electric Co. to date and marks a significant step in CN's commitment to sustainability. The trucks will eliminate approximately 100 tons of greenhouse gas emissions annually. CN's investment reflects its role as a leader in transitioning towards a greener economy while supporting local innovation and job creation.

CN (TSX: CNR) (NYSE: CNI) has awarded a contract to National Steel Car Ltd. for 1,150 new high-capacity grain hopper cars, increasing its investment in Ontario to $1 billion by 2022. This purchase includes a $250 million commitment for the Milton Logistics Hub, which is crucial for economic recovery. The new grain cars will enhance grain transport capacity, demonstrating CN's role in supporting Canada's supply chain amid COVID-19 challenges. The investments aim to boost local economies and create jobs, crucial for Ontario's recovery.