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CNI Achieves Robust Grain Performance Record in September
ZACKSยท 2025-10-09 18:01
Core Insights - Canadian National Railway (CNI) achieved a record grain movement of over 2.91 million metric tons in September, surpassing its previous record by 80,000 tons [1][8] - This accomplishment highlights CNI's operational strength and commitment to efficient grain transportation during the critical harvest season, reflecting its focus on service reliability and collaboration with customers [2][8] Operational Performance - CNI's strong execution capabilities allowed it to exceed past performance despite supply chain complexities, reinforcing its role in supporting Canada's agricultural economy, a key driver of export growth [2] - The company has released its 2025-2026 Winter Plan, which includes enhanced locomotive reliability programs, strategic resource allocation, and targeted infrastructure investments to minimize weather-related disruptions [3][8] Financial Outlook - The Grain & Fertilizers segment is expected to see an 8.5% increase in revenues from 2024 levels, with carloads projected to rise by 5.5% [4] - CNI's share price has increased by 2.2% in the current quarter, outperforming the Transportation - Rail industry, which saw a 0.4% rise [5]