Canadian National Railway Company (CNI Quick Quote - Free Report ) is scheduled to report first-quarter 2024 results on Apr 23 after market close. CNI has a mixed earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the preceding four quarters and missing the mark on the other two occasions. The average beat is 0.45%. Given this backdrop, let's delve into the factors that are likely to have influenced CNI's performance this earnings season. The Zacks Consensus Estimate for Ca ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Canadian National (CNI) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2024, might help the stock move higher if these key numbers are better than ex ...

The Zacks Transportation - Rail industry is suffering from headwinds like inflationary pressures, resultant high interest rates, increased fuel prices and supply-chain disruptions.Despite the challenges surrounding the industry, Canadian National Railway Company (CNI) , Canadian Pacific Kansas City Limited (CP) and CSX Corporation (CSX) appear better placed to tide over the challenges.Industry Description The Zacks Transportation - Rail industry includes railroad operators transporting freight (such as agri ...

CN is committed to playing a key role in the transition to a low carbon economy Financial support from the Province of British Columbia will contribute to reducing emissions MONTREAL, April 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) is proud to announce the purchase of its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans. The EMD® will be tested to understand the potential impact and opportunity related to retr ...

MONTREAL, April 03, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) will issue its first-quarter 2024 financial and operating results after the market close on April 23, 2024. CN's senior officers will review the results and the railway's outlook in a conference call starting at 4:30 p.m. Eastern Time on April 23. Tracy Robinson, CN President and Chief Executive Officer, will lead the call. Parties wishing to participate via telephone may dial 1-800-715-9871 (Canada/U.S.), or 1-647-932-3411 (International) ...

MONTREAL, April 02, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that it has filed a shelf prospectus with Canadian securities regulators and a registration statement with the United States Securities and Exchange Commission (SEC), pursuant to which CN may issue debt securities in Canadian and U.S. markets over the next 25 months. CN expects to use net proceeds from the sale of debt securities under the shelf prospectus for general corporate purposes, which may include the redemption and ...

Canadian National’s (CNI) dedication to rewarding shareholders through dividends and buybacks showcases its financial robustness. Despite benefiting from solid pricing, low costs and strong liquidity, the company faces challenges, such as supply-chain disruptions, network fluidity issues and a weak intermodal scenario, impacting its performance.Factors Favoring CNICNI impressively increased its quarterly dividend by 7% in January. This is the 28th consecutive year when the company announced a dividend hike. ...

MONTREAL, March 04, 2024 (GLOBE NEWSWIRE) -- (TSX:CNR) (NYSE:CNI) While still reviewing a Federal court's decision related to the Milton Logistics Hub, CN is reiterating its commitment to the Milton Logistics Hub. The Project is a critical piece of infrastructure in Canada's busiest and fastest growing region, where new capacity is needed to meet the growing demand for goods. The Milton Logistics Hub will not only benefit Ontario, but further strengthen the Canadian economy and its strategic advantages. Aut ...

rlesyk Introduction All financial data are reported in Canadian dollars unless otherwise stated. Canadian National Railway (NYSE:CNI) has been my top pick among Class 1 railroads and, as such, it makes up around 7% of my portfolio. Major macroeconomic trends make me consider the whole industry as one poised to keep on growing. The need for environmentally friendly freight transportation, manufacturing nearshoring, and big spending on infrastructure are just three tailwinds we should be well aware of. In thi ...

MONTREAL, March 01, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that a new tentative three-year collective agreement has been reached with the United Steelworkers (USW) Local 2004. USW represents approximately 2,500 track and bridge employees at CN, primarily responsible for track maintenance across Canada. No details of the tentative agreement will be released publicly until the agreement is ratified. The current collective agreement expired on December 31st, 2023. For more information ...