MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) and Kevric jointly announced today that CN will relocate its headquarters to Kevric's 600 DLG project, located at 600 De La Gauchetière West. The 20-year lease begins in 2028 and covers the building's first 18 floors, totaling more than 440,000 square feet. CN will start moving certain departments as of 2026. "CN has been part of downtown Montreal's DNA for over 100 years. Maintaining our headquarters' presence in the city's core is integral ...

MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced the winners of its Safe Handling Award for 2023. CN's Safe Handling Award is presented to customers who load freight cars with dangerous goods and meet strict standards for the safe handling and shipment of regulated products. The winners must meet established criteria, according to the total number of shipments of dangerous goods for all facilities. The Safe Handling Award goes hand in hand with CN's goal to become the safes ...

MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that CNTL, a CN subsidiary dedicated to first and last mile trucking container pickup and deliveries, has reached a second tentative agreement with owner-operators affiliated with Unifor. The first tentative agreement, announced on January 17,2024, was not ratified. This four-year agreement covers approximately 750 owner-operators under contract with CNTL in Canada until December 31, 2027. About CNCN is a world-class transpor ...

MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its new three-year collective agreement with the United Steelworkers (USW) Local 2004, was formally ratified by union members on Monday April 29th, 2024. The USW represents approximately 2,500 track and bridge employees at CN, primarily responsible for track maintenance across Canada. "We're pleased to have reached this new collective agreement through collaborative negotiations. It is a testament to our commitment to in ...

MONTREAL, April 30, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced a public debt offering of C$700 million 4.60% Notes due 2029, and C$550 million 5.10% Notes Due 2054. CN expects to close the offering on May 2, 2024, subject to customary closing conditions. CN plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.The debt ...

CHENG FENG CHIANG All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction It's time to talk about a more than 100-year-old company that is still a dividend growth stock. That company is the Canadian National Railway Company (NYSE:CNI). Founded in 1919, the company is the result of the combination of several railroads that had gone bankrupt and become part of the Canadian government. On November 17, 1995, the company was privatized, turning into one of the most ...

Canadian National Railway Company (CNI) reported first-quarter 2024 earnings of $1.28 per share (C$1.72), which surpassed the Zacks Consensus Estimate of $1.27. However, the bottom line declined 5.19% year over year.Revenues for the first quarter of 2024 were $3.15 billion (C$4.25 billion), which missed the Zacks Consensus Estimate of $3.16 billion. This reflects a decrease of 1.19%. The decline was mainly due to lower Freight revenue per RTM, while volumes remained flat.Volumes remained flat, mainly due to ...

| --- | --- | --- | --- | |-------|------------------------|-------------------------|----------------------------| | | Merchandise | Bulk | Consumer Products | | ↑ | Forest Products | Western Canadian Coal ↑ | International Intermodal ↑ | | ↑ | Metals and Minerals | U.S. Coal ↓ | Domestic Intermodal | | ↑ | Petroleum Products | Grain ↑ | Automotive | | ↑ | Chemicals and Plastics | Fertilizers ↓ | ↑ | Q1 operating ratio returned to a more winter-like OR CAPEX and ROIC on track with guidance 3322 Scheduled o ...

Canadian National Railway Company (NYSE:CNI) Q1 2024 Earnings Conference Call April 23, 2024 4:30 PM ET Company Participants Conference Call Participants Operator At this time, I would like to turn the call over to Tracy Robinson, CN's President and Chief Executive Officer. Ladies and gentlemen, Ms. Robinson. Thank you, Julianne, and good afternoon, everyone. We're here in Memphis today. We've had our Board meetings over the past two days and have had an opportunity to spend some time visiting our local fac ...

For the quarter ended March 2024, Canadian National (CNI) reported revenue of $3.15 billion, down 1.2% over the same period last year. EPS came in at $1.28, compared to $1.35 in the year-ago quarter.The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +0.79%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...