Canadian National Railway's (CNI) tech-savvy initiatives are boosting the company's operational efficiency. Efforts to expand its fleet are also encouraging. However, the economic downturn does not bode well for CNI. Factors Favoring CNI CNI's proactive initiatives toward technology advancement demonstrate a strong commitment to improving operational efficiency and safety. This year, the company is deploying its fourth-generation Autonomous Track Inspection Program, which uses ground-penetrating radar to pr ...

Group 1 - Cascade Investment, L.L.C. has disposed of 5,994,691 common shares of Canadian National Railway Company, reducing its ownership to 3,539,451 shares, approximately 0.56% of the total shares outstanding [1] - Prior to the transaction, Cascade owned 9,534,142 common shares, representing about 1.51% of the total shares outstanding [1] - William H. Gates III, as the sole member of Cascade, beneficially owns the shares held by Cascade [1] Group 2 - Mr. Gates is deemed to share beneficial ownership of 54,826,786 common shares owned by the Bill & Melinda Gates Foundation Trust, which represents approximately 8.71% of the total shares outstanding [2] - Mr. Gates has no economic interest in the shares owned by the Trust [2] Group 3 - The aggregate beneficial ownership of Mr. Gates, through Cascade and the Trust, is 58,366,237 common shares, approximately 9.27% of the total shares outstanding, down from 64,360,928 shares, or 10.22% [3] - As Mr. Gates now owns less than 10% of the total shares, he is no longer subject to early warning or insider reporting requirements [3] Group 4 - Both Cascade and the Trust acquired their common shares for investment purposes and may adjust their ownership based on future market conditions [4]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . Learning from the best in the business is the best way to success. This applies to many areas. Analyst's Disclosure: I/we have a beneficial long position in the shares of GE, DHR, UNP either through stock ownership, options, or other derivatives. I wrote this article myself, an ...

MONTREAL, Sept. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has launched its annual See Tracks? Think Train® Week campaign to raise awareness about the vital importance of rail safety. The Company joins communities across North America to raise awareness of the danger of dangerous behaviors around railway tracks and property. From September 23-29, CN Police Services, along with many other CN employees, will actively share important rail safety messages in communities across CN's network to help p ...

Canadian National Railway Company (CNI) adjusted the outlook for the current year following labor disruptions that threatened to cripple the economy of Canada. The railroad operator has, however, resumed normal operations following the crisis. All essential parameters, including car velocity, train speed and dwell, have recovered following the labor stoppage. Apart from labor woes, Alberta wildfires and weaker-thanexpected demand for forest products and metals compelled CNI's management to adjust its 2024 o ...

MONTREAL, Sept. 10, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its operations have recovered following several months of labor uncertainty as well as a complete shutdown of its Canadian network, and that it is adjusting its 2024 guidance and long-term financial outlook. CN remains focused on the disciplined execution of its scheduled operating plan, growing volumes more than the economy as its company specific growth opportunities come online, pricing above rail inflation, and i ...

Industry Overview - The rail industry is facing challenges such as inflation-induced elevated interest rates, supply-chain disruptions, and economic growth slowdown, leading most players to focus on cost reduction to drive profitability [1][3] - Despite these challenges, the industry has gained 13.8% over the past year, but this is lower than the S&P 500 Index's 19.9% appreciation [3] Company Performance - Union Pacific Corporation (UNP), Canadian National Railway Company (CNI), and Norfolk Southern Corporation (NSC) have consistently paid dividends, demonstrating a pro-shareholder stance [4] - UNP has a market capitalization of $152.07 billion and has paid dividends for 125 consecutive years, with a recent 3% dividend hike to $1.34 per share [7][8] - CNI has a market capitalization of $72.65 billion and pays a quarterly dividend of $1.23 per share, with a payout ratio of 46% [10][11] - NSC has a market capitalization of $56.53 billion and pays a quarterly dividend of $1.35 per share, with a payout ratio of 49% [13][14] Dividend and Share Repurchase Activities - In 2022, UNP paid $3.16 billion in dividends and repurchased shares worth $6.28 billion, while in 2023, it returned $3.9 billion to shareholders [9] - CNI paid dividends of C$2 billion and repurchased shares worth C$4.71 billion in 2022, with similar activities in 2023 and the first half of 2024 [12] - NSC paid dividends worth $1.23 billion in 2023 and repurchased shares worth $622 million, indicating a commitment to shareholder value [15][16]

Group 1: Company Performance - Canadian National's (CNI) top line is bolstered by strong segmental performance, with overall revenue ton miles (RTMs) growing by 13% year over year in Q2 2024, driven by a 19% rise in international intermodal and a 12% rise in petroleum and chemicals [2][5] - The company is expanding its fleet, with the 2024-2025 Grain Plan including the delivery of 750 new high-efficiency grain hopper cars and a focus on scheduled railroading and safety improvements [3][4] - CNI declared a quarterly dividend of C$0.8450 per share in Q2 2024 and repurchased 3.5 million common shares for $597 million, with plans to repurchase up to 32 million shares between Feb. 1, 2024, and Jan. 31, 2025 [4] Group 2: Operating Expenses and Liquidity - Total operating expenses increased by 12.8% year over year in Q2 2024, primarily due to a 13.8% rise in labor costs, which account for 30.7% of total operating expenses [5][6] - Fuel costs, comprising 19.7% of total operating expenses, jumped by 12.6% year over year, contributing to the overall increase in operating expenses [6] - CNI's liquidity position is concerning, with a current ratio of 0.63, indicating potential difficulties in meeting short-term obligations [6] Group 3: Market Performance - Shares of CNI have declined by 6.6% year to date, contrasting with the industry's growth of 0.5% during the same period [6]

madsci Why I am invested in Canadian National Canadian National Railway (NYSE:CNI) remains my favorite stock among Class 1 railroads. Its three-coastal network and its balanced exposure to several commodities are not always correlated. This, coupled with a conservative balance sheet and a management team that is careful not to increase leverage excessively, have made it stand out as the most convincing stock in the industry in the past two years. CNI 2024 Investor Presentation Let me give you an example. Wh ...

yorkfoto Introduction I have to be honest. One of the hardest parts of my job is putting myself in other people's shoes. When I make financial decisions, I obviously make them based on my personal situation. As I'm 29, my goals are very different from someone who's retired, close to retirement, or a freshman in college. To make matters more complicated, age is just one of many variables. Some people have high-paying jobs and no mortgage. Others have to work additional jobs to have excess capital to invest. ...