Core Insights - CN has filed its 2025 Annual Financial Statements and related documents with Canadian and U.S. securities regulators, now accessible on its website [1] - Printed copies of the financial statements will be available to shareholders free of charge upon request [2] Company Overview - CN plays a crucial role in the economy by transporting over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [3] - The company operates a nearly 20,000-mile rail network, connecting Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast, contributing to sustainable trade and community prosperity since 1919 [3]

CSX has announced the retirement of Chief Administrative Officer Diana Sorfleet and the appointment of Riz Chand as chief human resources officer. Sorfleet retires after almost 15 years with the company, which credits her with a central role in CSX’s people strategy and strengthening its culture. She helped guide the company through organizational transformations including transitions with four CEOs. Diana Sorfleet (Photo: CSX) “Throughout her tenure, Diana has been a trusted steward of our culture,” CS ...

Core Insights - Canadian Pacific Kansas City (CP) reported disappointing fourth-quarter 2025 results, with both earnings and revenues falling short of the Zacks Consensus Estimate [1][9] Financial Performance - Quarterly earnings, excluding 9 cents from non-recurring items, were 95 cents per share, missing the Zacks Consensus Estimate of 99 cents, but improved 3.3% year-over-year [2] - Operating revenues totaled $2.81 billion, which was below the Zacks Consensus Estimate of $2.86 billion, yet represented a 1.6% year-over-year increase [2] - Total Freight revenues per revenue ton miles grew by 1% year-over-year, while total Freight revenues per carload saw a slight decline of 0.1% [3] - Operating income increased by 3% year-over-year, and total operating expenses decreased by 0.2% year-over-year, leading to an operating ratio improvement of 80 basis points to 58.9% [3] Segment Performance - Freight revenues, which accounted for 98% of total revenues, increased by 1%, with notable segment performances: Grain (up 4%), Coal (up 3%), and Metals, minerals and consumer products (up 3%), while Potash (down 2%), Automotive (down 1%), and Energy, chemicals and plastics (down 2%) showed declines [4] Liquidity Position - At the end of the fourth quarter, CP had cash and cash equivalents of C$184 million, down from C$411 million in the previous quarter, while long-term debt decreased to C$19.94 billion from C$21.59 billion [5] Future Outlook - For 2026, CP anticipates core adjusted earnings per share to grow in the low double digits from 2025 actuals to C$4.61 per share, with revenue ton miles (RTMs) expected to increase in the mid-single digits [6] - Capital expenditures for 2026 are projected to be C$2.65 billion, with an expected core adjusted effective tax rate of 24.75% [6]

Core Insights - Canadian Pacific Kansas City (CPKC) is set to participate in two major industry conferences in February 2026, highlighting its strategic engagement with investors and stakeholders [1][2] Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports across North America [2] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, emphasizing its significant operational scale and workforce [2] - CPKC offers a comprehensive suite of freight transportation services, logistics solutions, and supply chain expertise, positioning itself as a key player in the North American rail service market [2]

Core Insights - CSX announced the retirement of Executive Vice President and Chief Administrative Officer Diana Sorfleet after nearly 15 years of service, during which she significantly influenced the company's people strategy and culture [2][3] - Riz Chand has been appointed as the new Chief Human Resources Officer, effective February 23, 2026, bringing extensive experience from AEA Investors and other notable companies [1][4] Leadership Transition - Diana Sorfleet's leadership was pivotal during transitions involving four CEOs and organizational transformations, earning her recognition for her strategic insight and commitment to CSX's long-term objectives [2][3] - Riz Chand's previous roles include Chief Talent Officer at AEA Investors and senior HR positions at BNSF and other firms, indicating a strong background in talent development and organizational performance [3][4] Responsibilities and Background of New HR Leader - In his new role, Riz Chand will oversee Human Resources, Total Rewards, People Systems, and Occupational Health Compliance, based in Jacksonville, FL [5] - Chand holds a B.S. in mechanical engineering and an MBA, along with community leadership roles, showcasing his commitment to both professional and community development [4] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail and intermodal services across various markets, contributing significantly to the U.S. economic expansion [6] - The company's extensive network connects major metropolitan areas in the eastern U.S. and links numerous short-line railroads and ports, highlighting its critical role in transportation and logistics [6]

Core Insights - Norfolk Southern Corp. announced that its customers advanced over 60 industrial development projects in 2025, representing a significant $7.7 billion in industry investment for new or expanded rail-served facilities along the railroad and its short line partner routes [1] Group 1: Industrial Development and Investment - In 2025, Norfolk Southern's customers initiated over 60 industrial development projects, totaling $7.7 billion in investment [1] - In 2024, the company saw 149 industrial development projects with a total investment of $4.3 billion, resulting in 1,700 jobs created [3] - Industrial development activity in 2025 was robust across various sectors, including metals, paper, aggregates, and automotive-related projects [5] Group 2: Economic Environment and Performance - The industrial environment in 2025 was characterized as "two speed," with the U.S. Manufacturing Purchasing Managers' Index contracting for much of the year, indicating softer new orders and a decrease in manufacturing employment [2] - Despite mixed momentum, freight volumes slipped 4% in 2025, yet Norfolk Southern's pipeline continues to attract long-term private investment [4] - Factory output and industrial production showed stabilization late in the year, with improvements in capacity utilization [2] Group 3: Strategic Initiatives and Future Focus - Norfolk Southern is focusing on creating turnkey sites and achieving higher service standards to enhance customer benefits [5] - The company has over 500 U.S. manufacturing projects in the site selection phase, representing additional opportunities for rail-supported growth [4] - 15 of Norfolk Southern's rail-served industrial sites received the "Readiness Evaluation for Development and Investment (REDI Sites)" designation, reflecting rigorous assessments [6]

Core Insights - Canadian Pacific Kansas City (CPKC) achieved a record shipment of 2.395 million metric tonnes (MMT) of Canadian grain and grain products in January 2026, surpassing the previous record set in January 2023 [1] - The company also set a new monthly record with 24,688 carloads in January 2026, exceeding the previous high from January 2023 [1] Company Performance - CPKC's strong performance in grain shipping is attributed to close collaboration with grain customers and efficient operations with supply chain partners, supported by significant investments in grain-handling capacity and high-capacity hopper cars [2] - The volumes of grain shipped exceed the average supply chain capacity targets outlined in CPKC's annual grain service plan, emphasizing the importance of full capacity operations across all supply chain participants [2] Industry Context - In the first 26 weeks of the 2025-2026 crop year, CPKC shipped over 15.1 MMT of grain and grain products, marking the largest totals since the record-setting 2020-2021 crop year [3] - Effective planning and demand forecasting for the crop year and winter are crucial for CPKC to meet customer needs and support the broader economy [3] Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, with extensive access to major ports across North America [4] - The company operates approximately 20,000 route miles and employs 20,000 railroaders, providing comprehensive rail service and logistics solutions to North American customers [4]

Group 1 - The President and CEO of CN, Tracy Robinson, will speak at the Barclays 43rd Industrial Select Conference on February 17, 2026, at 8:05 a.m. Eastern Time [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]

Group 1 - CN's Executive Vice-President and Chief Financial Officer, Ghislain Houle, will speak at Citi's 2026 Global Industrial Tech and Mobility Conference on February 18, 2026, at 7:10 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 is a major player in the transportation sector, moving 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, contributing to sustainable trade and community prosperity since 1919 [2]

MONTREAL, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address Citi’s 2026 Global Industrial Tech and Mobility Conference on February 18, 2026, at 7:10 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 CNCN powers the economy by safely transporting more than 300 million tons of n ...