Group 1 - CN's President and CEO, Tracy Robinson, will speak at the 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 20, 2025, at 8:00 a.m. ET [1] - CN will provide a live webcast of the conference on its investor relations website, with a replay available after the event [1] Group 2 - CN transports over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [2] - The company operates a nearly 20,000-mile rail network that connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast [2] - CN has been contributing to sustainable trade and community prosperity since its establishment in 1919 [2]

Core Points - CSX Corporation has reached a tentative five-year agreement with the Brotherhood of Locomotive Engineers and Trainmen covering approximately 3,400 locomotive engineers, marking a significant milestone as the first Class I freight railroad to do so with BLET [1][2] - The agreement includes competitive pay, improved healthcare, and work rule changes aimed at enhancing the quality of life for locomotive engineers, reflecting similar wage increases and benefits from agreements with 13 other unions [2][3] - Locomotive engineers represent about 20% of CSX's frontline workforce, and if ratified, nearly 75% of CSX's unionized workers will be covered by new agreements reached in the last nine months [3] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [5] - The company has been integral to the economic expansion and industrial development of the nation for nearly 200 years, connecting major metropolitan areas in the eastern United States and linking over 240 short-line railroads and more than 70 ports [5]

I wrote about Canadian National Railway Co . (NYSE: CNI )(TSX: CNR:CA ) previously with a downgrade to hold rating as the data were not great, making it a possibility that CNR may miss its FY24 EPS guide. However, II am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [hi ...

Core Points - Canadian Pacific Kansas City Limited (CP) reported first-quarter 2025 earnings of 74 cents per share, in line with Zacks Consensus Estimate, reflecting a 7.3% year-over-year improvement [1] - Operating revenues were $2.64 billion, slightly missing the Zacks Consensus Estimate of $2.66 billion, but showed year-over-year growth [1] - Total freight revenues per revenue ton miles increased by 5% year-over-year, while total freight revenues per carload rose by 6% year-over-year [2] Financial Performance - Operating income increased by 15%, with total operating expenses growing by 5% year-over-year, resulting in an operating ratio improvement of 210 basis points to 65.3% from 67.4% [2] - Freight revenues, which accounted for 98.2% of total revenues, increased by 8.7% to $3.72 billion, surpassing the estimate of $3.5 billion [3] - Cash and cash equivalents at the end of the first quarter were C$695 million, down from C$739 million in the previous quarter, while long-term debt rose to C$21.1 billion from C$19.8 billion [5] Segment Performance - The Freight segment saw varied performance: Grain up 4%, Coal up 21%, Potash up 10%, Energy, chemicals and plastics up 3%, Automotive up 18%, while Metals, minerals and consumer products decreased by 1% [4] - Other revenues increased by 7.6% year-over-year in the first quarter of 2025 [4] Outlook - The company expects 2025 core adjusted combined diluted earnings per share to grow in the 10-14% range, revised from a prior view of 12-18%, targeting C$4.25 per share [6] - Capital expenditures for the full year are projected to be C$2.9 billion, with an expected core adjusted effective tax rate of 24.5% [7]

Group 1 - CSX Corporation is a key player in the American railroad industry, operating a network that spans the eastern United States and connects major industrial regions with over 70 ports [1] - The company plays a critical role in facilitating transportation and logistics across the eastern U.S., which is vital for various industries [1] Group 2 - The article emphasizes the importance of well-researched commentary and insights into different industries and asset classes, aiming to assist readers in navigating complex global markets [1]

Group 1 - CN's President and CEO, Tracy Robinson, will speak at the 2025 RBC Capital Markets Canadian Industrials Conference on May 14, 2025, at 8:35 a.m. ET [1] - CN will provide a live webcast of the conference on its investor relations website, with a replay available after the event [1] Group 2 - CN transports over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [2] - The company operates a nearly 20,000-mile rail network that connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast [2] - CN has been contributing to sustainable trade and community prosperity since its establishment in 1919 [2]

Company Overview - CSX Corp. is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural, and consumer products [3] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. and linking over 240 short-line railroads and more than 70 ports [3] Upcoming Event - Sean Pelkey, Executive Vice President and Chief Financial Officer of CSX, will address the Bank of America Industrials, Transportation & Airlines Key Leaders Conference in New York on May 13 at 8 a.m. Eastern time [1] - The address will be broadcast live via webcast, with a replay available after the event [2]

Core Viewpoint - Canadian National Railway Company (CNI) reported mixed financial results for the first quarter of 2025, with earnings per share exceeding estimates while revenues fell short of expectations and declined year-over-year [1][2]. Financial Performance - CNI's earnings for Q1 2025 were $1.29 per share (C$1.85), surpassing the Zacks Consensus Estimate of $1.26 and showing a 0.7% year-over-year improvement [1]. - Revenues for the same period were $3.06 billion (C$4.40 billion), missing the Zacks Consensus Estimate of $3.11 billion and declining by 2.6% year-over-year [1]. - Operating income grew by 4.1% compared to Q1 2024, while the operating ratio worsened slightly to 63.4% from 63.6% [3]. Revenue and Volume Metrics - Revenue ton-miles (RTMs) increased by 1% year-over-year, while carloads decreased by 2% [2]. - Freight revenue per RTM rose by 3% year-over-year [2]. - Freight revenues, which accounted for 97.3% of total revenues, increased by 4% year-over-year, with notable growth in petroleum and chemicals (7%), coal (11%), grain and fertilizers (11%), and automotive (1%) [4]. Segment Performance - Carloads in petroleum and chemicals, metals and minerals, forest products, and intermodal segments saw decreases of 1%, 11%, 6%, and 2%, respectively [5]. - In contrast, carloads in coal, grain and fertilizers, and automotive segments increased by 5%, 4%, and 2% year-over-year [5]. Liquidity and Capital Management - CNI ended Q1 2025 with cash and cash equivalents of C$232 million, down from C$389 million at the end of the previous quarter [6]. - Long-term debt decreased to C$18.9 billion from C$19.7 billion [6]. - CNI generated C$1.16 billion from operating activities, with free cash flow reported at C$626 million [6]. Share Repurchase Program - Under its current Normal Course Issuer Bid (NCIB), CNI may repurchase up to 20 million common shares from February 4, 2025, to February 3, 2026, but had not repurchased any shares as of March 31, 2025 [7]. - CNI repurchased 13.9 million common shares under its previous NCIB, including 0.6 million in Q1 2025 [7]. Outlook - For the full year 2025, CNI anticipates adjusted earnings per share (EPS) growth of 10%-15% and plans to invest approximately C$3.4 billion in its capital program [8]. - CNI expects slightly positive growth in North American industrial production in 2025, adjusting from a prior expectation of 1% [8]. - The company continues to project RTM growth in the low to mid-single-digit range and assumes the Canadian dollar will be valued at approximately $0.70 in U.S. currency [9]. Long-term Projections - CNI aims for compounded annual adjusted diluted EPS growth in the high single-digit range from 2024 to 2026 [10]. - The company continues to expect North American industrial production to increase by nearly 1% CAGR over the 2024-2026 period [11].

MONTREAL, May 05, 2025 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), will address the Bank of America's 2025 Transportation, Airlines and Industrials Conference on May 13, 2025, at 8:45 a.m. Eastern Time (ET). CN will provide a live webcast via the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available following the event. About CN CN powers the economy by safely transporting more than 300 million tons of n ...

MONTREAL, May 02, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced that the director nominees listed in the management information circular dated March 10, 2025 (the “Information Circular”), were elected as directors of CN. The detailed results of the vote for the election of directors held at CN’s Annual Meeting of Shareholders (“Meeting”) on May 2, 2025 via online webcast are set out below. Election of Directors On a vote by ballot, each of the following 11 nominees proposed by management was ...