MONTREAL, Jan. 05, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2025 financial and operating results before the markets open on January 30, 2026. CN's senior officers will review the results and the railway's outlook in a conference call starting at 8:30 a.m. Eastern Time on January 30. 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 ...

Canadian National Railway (NYSE:CNI) ranks among the best hydrogen and fuel cell stocks to buy for 2026. On December 18, RBC Capital reduced its price target for Canadian National Railway (NYSE:CNI) to C$153 from C$158 while keeping an Outperform rating on the company’s shares. The firm boosted its fourth-quarter earnings per share estimate to C$2 from C$1.95, exceeding the average projection of C$1.97. RBC attributed the revised estimate to robust volumes and consistent car velocity trends at the railway ...

MONTRÉAL, 19 déc. 2025 (GLOBE NEWSWIRE) -- La demande déposée ce matin par Union Pacific et Norfolk Southern ne parvient pas à démontrer que la fusion renforcerait la concurrence ou engendrerait des avantages publics significatifs nécessitant une fusion. Elle est loin de respecter les règles de fusion de 2001 et les anciennes règles de fusion établies par le Surface Transportation Board (STB).    La protection de la concurrence n’est pas facultative; elle est essentielle au maintien de bas coûts et d’une éc ...

Summary of Canadian Pacific Kansas City (CPKC) Conference Call - December 02, 2025 Company Overview - **Company**: Canadian Pacific Kansas City (NYSE: CP) - **Industry**: Rail Transportation Key Points and Arguments 1. **Company Growth and Positioning**: CPKC is in its early stages of growth, having combined two established rail networks. Despite economic challenges, the company has led the industry in growth through market creation and synergies [2][3][4] 2. **Earnings Outlook**: CPKC aims for double-digit earnings growth, supported by cost control and a strong grain crop in Canada, with expectations of moving 73 million metric tons of grain [3][4] 3. **Intermodal and Automotive Growth**: The company has seen significant growth in domestic intermodal traffic, up 48% year-over-year, and anticipates continued growth in the automotive sector [5][6] 4. **Capital Expenditure Plans**: CPKC plans to reduce capital expenditures to a range of $2.6 billion to $2.8 billion in 2026, focusing on operational efficiencies and infrastructure investments [20][22] 5. **Revenue Synergies**: The company is on track to achieve $1.4 billion in revenue synergies by the end of 2026, driven by unique market connections and operational efficiencies [12][14] 6. **Market Dynamics**: CPKC is positioned to benefit from the resolution of trade disputes, particularly with China, which is expected to increase soybean movements [4] 7. **Regulatory Environment**: Concerns were raised about potential mergers in the industry (UP and NS), with CPKC's unique North-South positioning providing a competitive advantage. The complexity of regulatory approvals for such mergers is highlighted [44][45][49] 8. **Future Opportunities**: CPKC anticipates significant revenue growth from connecting Canadian and Mexican markets, with an expected annualized revenue of approximately $460 million from this initiative [39][40][41] Additional Important Insights 1. **Leadership Commitment**: CEO Keith Creel expressed strong commitment to CPKC, emphasizing the importance of legacy and the completion of integration efforts post-merger [17][18] 2. **Infrastructure Investments**: CPKC has made substantial investments in infrastructure, which are expected to yield operational efficiencies and support future growth [20][30] 3. **Partnerships and Collaborations**: The company is leveraging partnerships, such as with Americold, to enhance its service offerings and create additional growth opportunities [35][36] 4. **Market Diversification**: The company is capitalizing on the trend of market diversification between Canada and Mexico, which has been accelerated by recent tariff challenges [39][41] 5. **Shareholder Returns**: CPKC is planning to gradually increase its dividend payout ratio and is considering share buybacks as part of its capital allocation strategy [23][25] This summary encapsulates the key insights and strategic directions discussed during the CPKC conference call, highlighting the company's growth trajectory, market positioning, and future opportunities within the rail transportation industry.

Core Points - CN celebrated the 30th anniversary of its Initial Public Offering (IPO) on November 17, 2025, which raised C$2.25 billion, marking it as the largest IPO in Canadian history at that time [1][2] - The privatization of CN in 1995 transformed it into a leading transportation and trade-enabling company, significantly contributing to the economy and North American supply chains [2][4] - Senior executives, including the Chair of the Board and the CEO, commemorated the anniversary by ringing the Opening Bell at the Toronto Stock Exchange and the Closing Bell at the New York Stock Exchange [3] Company Overview - Founded in 1919, CN is the largest and oldest Crown Corporation in Canada, with a nearly 20,000-mile rail network that facilitates the transportation of over 300 million tons of goods annually [2][5] - CN connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast, playing a vital role in sustainable trade and community prosperity [5] - The company has developed a robust three-coast network over the past three decades, enabling long-term sustainable economic growth in North America and globally [4]

Core Points - Canadian National Railway Company (CN) celebrates its 30th anniversary of being listed on the Toronto Stock Exchange (TSX) [1][2] - The company has a significant history, having gone public during one of the largest rail privatizations, marking a new era of growth and innovation in the rail industry [2] - CN plays a crucial role in the economy by transporting over 300 million tons of various goods across North America annually [3] Company Overview - CN operates a nearly 20,000-mile rail network that connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast [3] - The company has been contributing to trade and the prosperity of communities since its establishment in 1919 [3]

Core Viewpoint - CN announced a public debt offering of US$700 million, consisting of US$300 million in 4.200% Notes due 2031 and US$400 million in 4.750% Notes due 2035, expected to close on November 12, 2025 [1][2]. Group 1: Debt Offering Details - The offering includes US$300 million of 4.200% Notes maturing in 2031 and US$400 million of 4.750% Notes maturing in 2035 [1]. - The net proceeds will be used to repay US$500 million of 2.75% notes due in March 2026 and for general corporate purposes, including the repayment of commercial paper [2]. - The offering is made under an effective shelf registration statement dated April 2, 2024 [2]. Group 2: Underwriters - The joint bookrunners for the debt offering include BofA Securities, J.P. Morgan Securities, RBC Capital Markets, and Wells Fargo Securities, along with a syndicate of other financial institutions [3]. Group 3: Company Overview - CN operates a nearly 20,000-mile rail network, transporting over 300 million tons of natural resources and goods across North America annually, contributing to sustainable trade and community prosperity since 1919 [6].

Core Points - CN set a new all-time monthly record for grain movement in October, transporting over 3.4 million metric tonnes of grain from Western Canada, an increase of 110,000 metric tonnes from the previous record [1] - The performance highlights the importance of customer collaboration, planning, and execution in achieving operational success [2] - CN continues to implement its winter operations plan as colder months approach, ensuring proactive solutions are in place [3] Company Overview - CN plays a crucial role in the economy by safely transporting over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [4] - 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 [4]

Financial Data and Key Metrics Changes - The company reported a 6% growth in EPS, reaching $1.83 compared to $1.72 in the previous year [27] - Revenues increased by 1% year-over-year, driven by a 1% rise in RTMs and a 5% increase in carloads [21][27] - The operating ratio improved by 170 basis points to 61.4%, compared to 63.1% in the previous year [27] Business Line Data and Key Metrics Changes - Volume growth was approximately 1% in RTMs and 5% in carloads, although overall volumes were softer than expected, particularly in merchandise segments due to macroeconomic and tariff pressures [11][21] - Intermodal volumes increased, with domestic units up 18% and international units up 14% [24] - Petroleum and chemical volumes rose across major segments, with plastics and chemical RTMs up 8% [23] Market Data and Key Metrics Changes - The Canadian grain harvest is expected to be a record crop, despite a slower start [22] - Forest products, particularly lumber, saw a year-over-year decline due to weak demand and increased duties [23] - The company experienced market share gains in chemicals and plastics, with recent successes in domestic intermodal [24][25] Company Strategy and Development Direction - The company is focusing on a capital spend of $2.8 billion for 2026, down nearly $600 million from the current year's level, to address capacity bottlenecks and optimize fleet size [5][20] - There is an emphasis on enhancing shareholder value through increased free cash flow and accelerated share buybacks [7][8] - The company is committed to operational efficiency and productivity improvements, targeting a reduction of $75 million in management labor costs [6][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a weak macroeconomic environment and unexpected shocks from tariffs and labor [4][9] - The outlook for 2026 indicates limited volume growth, with expectations of a weak North American industrial production and housing starts [9][32] - Management expressed confidence in the company's ability to adapt and find growth opportunities despite external challenges [10][66] Other Important Information - The company has seen a 14% increase in free cash flow year-to-date, with expectations for continued acceleration into 2026 [11][31] - The company is actively participating in merger reviews to protect its franchise and competition in the industry [12] Q&A Session Summary Question: Concerns about CapEx cuts and capacity - Management reassured that the capital cuts will not jeopardize capacity, as significant growth opportunities have already been addressed [36][39] Question: Opportunities in commercial strategy for 2026 - Management highlighted a diversified book of business and ongoing efforts to drive market share gains, particularly in energy and agriculture [43][45] Question: Risks associated with M&A activity - Management emphasized that further consolidation may not be beneficial for the industry and expressed readiness to protect their network if necessary [48][51] Question: Challenges in forecasting - Management acknowledged the difficulties in forecasting due to macroeconomic volatility and emphasized the need for agility in responding to changes [56][58]

Core Viewpoint - CN has announced a quarterly dividend of C$0.8875 per common share, which will be paid on December 30, 2025, to shareholders of record as of December 9, 2025 [1] Group 1: Dividend Announcement - The Board of Directors of CN approved a fourth-quarter 2025 dividend [1] - The dividend amount is eighty-eight and three-quarter cents (C$0.8875) per common share [1] - Payment date for the dividend is set for December 30, 2025 [1] Group 2: Company Overview - 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 connecting 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]