Discount Dividends: 2 Irresistible Bargains Hiding In Plain Sight
- The market's rebound is impressive, but risks like sticky inflation and high valuations remain. I'm avoiding bonds and focusing on undervalued stocks with strong fundamentals and dividend potential. My top picks include a high-growth energy stock with a solid balance sheet and a cyclical railroad trading at a discount. Both offer realistic 50-100% upside potential. While economic uncertainty persists, these stocks provide a mix of income, growth, and downside protection, ideal for dividend investors in today's market.
- 06/15/2025
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CNI Plans to Invest $30 Million in Tennessee for Rail Innovation
- Canadian National commits to investing $30M to enhance rail infrastructure in Tennessee, reinforcing its growth and service goals.
- 06/13/2025
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CN to Invest $30 Million in Tennessee to Build Capacity and Power Sustainable Growth
- HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- June 12 2025 – CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$30 million in Tennessee, as part of its 2025 capital investment program. This includes investments in infrastructure, technology, rolling stock equipment, as well as network improvements These projects will help ensure the safe movement of goods and support long-term sustainable growth in Tennessee and across CN's network.
- 06/12/2025
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CN to Invest $20 Million in Indiana to Build Capacity and Power Sustainable Growth
- HOMEWOOD, Ill., June 12, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately US$20 million in Indiana in 2025, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments to increase capacity and upgrade rolling stock. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Indiana and across CN's network.
- 06/12/2025
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CN to Invest $75 Million in Mississippi to Build Capacity and Power Sustainable Growth
- HOMEWOOD, Ill., June 11, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $75 million in Mississippi, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. The projects will help ensure the safe movement of goods and support long-term sustainable growth in Mississippi and across CN's network.
- 06/11/2025
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CN to Invest Approximately $170 Million in Illinois to Build Capacity and Power Sustainable Growth
- HOMEWOOD, Ill., June 11, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today its plans to invest approximately US$170 million in Illinois, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the state. This includes investments towards the construction of the Chicago Logistics Hub and projects to upgrade technology and training facilities at CN's Homewood Campus, as well as network improvements. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Illinois and across CN's network.
- 06/11/2025
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CNI Plans to Invest C$80M in Atlantic Canada for Rail Innovation
- Canadian National commits $80M CAD to enhance rail infrastructure in Atlantic Canada, reinforcing its growth and service goals.
- 06/06/2025
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CN Announces C$1 Billion Debt Offering
- The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days
- 06/05/2025
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CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
- MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada.
- 06/05/2025
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Ghislain Houle, Executive Vice-President and Chief Financial Officer, to address Wells Fargo 2025 Industrials and Materials Conference
- MONTREAL, June 02, 2025 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address the Wells Fargo 2025 Industrials and Materials Conference on June 11, 2025, at 9:00 a.m. Eastern Time (ET).
- 06/02/2025
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CN to Invest $290 Million in Saskatchewan to Build Capacity and Power Sustainable Growth
- MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $290 million CAD in Saskatchewan, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes major projects to support customer initiatives and our agriculture industry partners to improve the movement of grain and fertilizers. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Saskatchewan and across CN's network.
- 05/26/2025
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CN to Invest $475 Million in Quebec to Build Capacity and Power Sustainable Growth
- MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $475 million CAD in Quebec, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in Quebec. This includes projects to improve the efficiency of CN's operations at its Taschereau railyard in Dorval, as well as a number of information technology projects that will help better support our customers and modernize our systems. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Quebec and across CN's network.
- 05/26/2025
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CN to Invest $165 Million in Manitoba to Build Capacity and Power Sustainable Growth
- WINNIPEG, Manitoba, May 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $165 million CAD in Manitoba, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province, including upgrade projects to improve operations of rail yards in Winnipeg. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Manitoba and across CN's network.
- 05/22/2025
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CN to Invest $615 Million in British Columbia to Build Capacity and Power Sustainable Growth
- VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $615 million CAD in British Columbia, as part of its 2025 capital investment program. This investment will support strategic infrastructure initiatives in the province, including many multi-year projects to increase fluidity in the Vancouver corridor and build capacity along CN's network from Prince Rupert and across Western Canada. These projects will help ensure the safe movement of goods and support long-term sustainable growth in British Columbia and across CN's network.
- 05/22/2025
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CNI Accelerates Rail Innovation With Major $600 Million Ontario Push
- Canadian National accelerates Ontario expansion with $600 Million investment to strengthen rail capacity and future-proof freight movement.
- 05/22/2025
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CN to Invest $510 Million in Alberta to Build Capacity and Power Sustainable Growth
- EDMONTON, May 21, 2025 (GLOBE NEWSWIRE) -- CN (TSX : CNR) (NYSE : CNI) announced today plans to invest approximately $510 million CAD in Alberta, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes projects to increase intermodal capacity in Edmonton, and continued work to build greater rail capacity along CN's mainline between Edson and Hinton. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Alberta and across CN's network.
- 05/21/2025
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CN to Invest $600 Million in Ontario to Build Capacity and Power Sustainable Growth
- TORONTO, May 21, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $600 million CAD in Ontario, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes projects that continue to invest in technology as well as ongoing multi-year projects that will build capacity and support growth across the network. These projects will help ensure the safe movement of goods and support long-term sustainable growth in Ontario and across CN's network.
- 05/21/2025
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CNI to Invest $3.4B in 2025 for Rail Expansion and Sustainability
- CNI to invest $3.4 billion in 2025 to expand rail capacity, enhance safety and drive sustainable growth across North America.
- 05/16/2025
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Is Canadian National Railway (CNI) Stock Outpacing Its Transportation Peers This Year?
- Here is how Canadian National (CNI) and Proficient Auto Logistics, Inc. (PAL) have performed compared to their sector so far this year.
- 05/15/2025
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CN Investing $3.4 Billion to Build Capacity and Power Sustainable Growth
- MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced its 2025 capital expenditures program, underscoring its commitment to growing capacity, enhancing safety, and powering sustainable growth across its North American network. CN will invest approximately $3.4 billion CAD in capital projects this year, net of customer reimbursements.
- 05/15/2025
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Why Railroad Stocks Are Moving Higher Today
- Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.
- 05/12/2025
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Tracy Robinson to address the 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 20
- MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), will address the 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 20, 2025, starting at 8:00 a.m. Eastern Time (ET).
- 05/12/2025
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Canadian National Railway: Rating Upgrade On Confidence That FY25 EPS Guide Is Achievable
- I upgrade Canadian National Railway to a buy rating due to strong 1Q25 performance and confidence in achieving FY25 EPS guidance despite macro uncertainties. CNR's revenue grew 3.6% y/y to CAD$4.40 billion, with an improved operating ratio and 8% y/y increase in adj EPS to CAD$1.85. Internal growth drivers, stable labor conditions, and resumed share buybacks signal strong future performance and potential for valuation multiples to rise.
- 05/09/2025
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CN Presents the 2024 Safe Handling Award to 213 Rail Shippers
- MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the winners of its 2024 Safe Handling Award. CN's Safe Handling Award recognizes customers who load freight cars with dangerous goods and meet rigorous safety standards in the handling and transportation of regulated products. Recipients must meet established criteria based on the total number of shipments of dangerous goods across all facilities.
- 05/07/2025
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Tracy Robinson to Address the 2025 RBC Capital Markets Canadian Industrials Conference on May 14
- MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), will address the 2025 RBC Capital Markets Canadian Industrials Conference on May 14, 2025, at 8:35 a.m. Eastern Time (ET).
- 05/06/2025
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Canadian National Q1 Earnings Beat Estimates, Improves Year Over Year
- CNI first-quarter 2025 earnings increase year over year while revenues decline.
- 05/05/2025
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Tracy Robinson to Address the Bank of America's 2025 Transportation, Airlines and Industrials Conference on May 13
- 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).
- 05/05/2025
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Attention Investors - This Is Now My #1 Place To Buy Dividends
- My portfolio is outperforming the market, but I remain cautious. The rally has masked risks, and valuations are far from attractive. Despite optimism, trade tensions, inflation fears, and weak capital spending signal that economic risks are rising, not fading. That's why I'm turning to transportation. It's overlooked, undervalued, and historically a key signal for lasting market recoveries.
- 05/05/2025
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CN Announces Election of Directors
- 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.
- 05/02/2025
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CN (CNI) Reports Q1 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 05/01/2025
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Canadian National Railway Company (CNI) Q1 2025 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q1 2025 Earnings Conference Call May 1, 2025 4:30 PM ET Company Participants Stacy Alderson - Assistant VP of IR Tracy Robinson - President and CEO Derek Taylor - Chief Field Operations Officer Pat Whitehead - Chief Network Operations Officer Remi Lalonde - CCO Ghislain Houle - CFO Conference Call Participants Fadi Chamoun - BMO Capital Markets Brian Ossenbeck - JPMorgan Chris Wetherbee - Wells Fargo Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Cherilyn Radbourne - TD Cowen Scott Group - Wolfe Research David Vernon - Bernstein Steve Hansen - Raymond James Brandon Oglenski - Barclays Konark Gupta - Scotiabank Ravi Shanker - Morgan Stanley Stephanie Moore - Jefferies Tom Wadewitz - UBS Benoit Poirier - Desjardins Capital Markets John Chappell - Evercore ISI Daniel Imbro - Stephens Ari Rosa - Citigroup Bascome Majors - Susquehanna Operator Good afternoon. My name is Krista, and I will be your operator today.
- 05/01/2025
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Canadian National (CNI) Tops Q1 Earnings Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.28 per share a year ago.
- 05/01/2025
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CN Declares Second-Quarter 2025 Dividend
- MONTREAL, May 01, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2025 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on June 30, 2025, to shareholders of record at the close of business on June 9, 2025.
- 05/01/2025
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CN Announces First Quarter Results
- MONTREAL, May 01, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the first quarter ended March 31, 2025. “Our team delivered a strong performance this quarter through tight cost control and disciplined adherence to our plan, mitigating the impact of winter conditions.
- 05/01/2025
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CN to Report First-Quarter 2025 Financial and Operating Results Today
- MONTREAL, May 01, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2025 financial and operating results after the market close.
- 05/01/2025
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CN (CNI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
- Get a deeper insight into the potential performance of CN (CNI) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 04/28/2025
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3 Stocks To Watch For When Tariffs Subside
- Everyone in the global financial markets is focused on the potential effects that might continue to develop from President Trump's recent trade tariffs in the United States, affecting stocks in every other country and sector. With this in mind, there are two likely scenarios that retail investors need to consider when strategizing their portfolios' future.
- 04/25/2025
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Analysts Estimate Canadian National (CNI) to Report a Decline in Earnings: What to Look Out for
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/24/2025
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Some Names I've Bought During Tariff Mayhem
- The current high level of uncertainty makes predicting individual company performance on a micro-economic level unrealistic. Instead of sharing an in-depth piece on one long idea, I am sharing a basket of longs I have recently bought during this market decline. Technical Analysis has led me to put cash to work back in the market.
- 04/16/2025
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CNI's Shareholder-Friendly Stance Aids Amid Cost & Liquidity Woes
- Rail network issues due to headwinds like locomotive and labor shortages represent a major challenge for Canadian National.
- 04/11/2025
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3 Dividend Paying Stocks From the Railroad Industry You Should Count On
- Here, we pick three railroad stocks, Union Pacific, Canadian National and Norfolk Southern, which have a solid five-year dividend growth history.
- 04/08/2025
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CN Receives Arbitration Decision
- Binding decision outlines new three-year collective agreement with TCRC Binding decision outlines new three-year collective agreement with TCRC
- 04/07/2025
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Chaos Breeds Bargains! Here's What I'm Buying
- My portfolio took a major hit on April 3 and 4, with losses surpassing previous records. Yet, despite the pain, I remain optimistic. Market corrections are essential for long-term wealth building. Though short-term declines are difficult, I view them as opportunities to improve my risk/reward and income potential. I'm eyeing undervalued opportunities, especially cyclical stocks. The current market weakness, amplified by tariffs, offers great buying potential for stocks like Union Pacific and Prologis, and many others.
- 04/06/2025
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Buying A Dollar For 60 Cents - 3 Dividend Bargains You Can't Ignore
- I warned about inflation and higher rates - now tariffs add new risks. The markets are shaky, but I see opportunities in undervalued dividend stocks. My picks include a resilient railroad with pricing power, a building materials leader with strong growth, and a top warehouse REIT. All three trade at steep discounts, offer solid dividends, and have long-term upside despite short-term headwinds. Time to buy quality on sale.
- 04/05/2025
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CN Update on March Grain Movement
- MONTREAL, April 03, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today it moved more than 2.85 million metric tonnes of grain from Western Canada and 2.98 million metric tonnes nationally, establishing new monthly records. This performance is a direct result of close collaboration with customers to recover from the extreme cold weather experienced in Western Canada in January and February, which required safety-related train length restrictions.
- 04/03/2025
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Canadian National Railway: Resilient Growth With A Fair Value Proposition
- Canadian National Railway has a strong moat with extensive rail networks in North America, ensuring stable gross profit margins. Despite a slight overvaluation, CNI's resilient business model and risk management make it a compelling choice for long-term investors. CNI's steady revenue and net income growth, along with strong margins, underpin its sustainable dividend and share buyback strategies.
- 04/03/2025
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CN to Report First-Quarter 2025 Financial and Operating Results on May 1, 2025
- MONTREAL, March 31, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2025 financial and operating results after the market close on May 1, 2025.
- 03/31/2025
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Here's Why You Should Avoid Canadian National Stock Now
- High debt, rising operating expenses and supply-chain disruptions represent major tailwinds at CNI.
- 03/28/2025
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The Highest-Quality Dividend Champions By Quality Scores
- The article presents the highest-quality Dividend Champions, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 25 years. I use a quality scoring system with six quality indicators, each worth five points, for a maximum score of 30. The highest-quality Dividend Champions score four or five points for each quality indicator. Only 15 of 137 Dividend Champions made the list of highest-quality Dividend Champions.
- 03/23/2025
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3 Dividend Stocks to Double Up on Right Now
- In recent weeks, the broader market has veered toward a correction. The S&P 500 is down roughly 10% from its high, and the technology-heavy Nasdaq Composite has dropped approximately 14% from its peak.
- 03/17/2025
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Ghislain Houle, Executive Vice-President and Chief Financial Officer, to address J.P. Morgan's 2025 Industrials Conference on March 12
- MONTREAL, March 03, 2025 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address the J.P. Morgan's 2025 Industrials Conference on March 12, 2025, at 7:30 a.m.
- 03/03/2025
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CN and Iowa Northern Railway Officially Join their Operations
- MONTREAL, March 03, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Iowa Northern Railway Company officially joined their operations on March 1, 2025, as previously authorized by the U.S. Surface Transportation Board. With the closing of this transaction, CN and Iowa Northern can begin integrating their two railroads to better serve customers, the Iowa economy and communities along the network.
- 03/03/2025
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Canadian National Railway Company: No Margin Of Safety Despite Supposedly Attractive Valuation
- Canadian National Railway shares are trading 20% below their all-time high, with a 2.48% dividend yield, making them attractive for dividend growth investors. Despite temporary issues like weak quarterly figures and US-Canada trade tensions, long-term growth prospects remain strong, but short-term downside risks persist. The stock lacks a margin of safety at its current valuation, with an adjusted P/E ratio of 20.3, making it overvalued given its modest growth.
- 03/02/2025
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Here's Why You Should Avoid Canadian National Stock for Now
- CNI's bottom line is challenged by elevated operating expenses and weak liquidity, hurting the company's prospects.
- 02/27/2025
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CN Recognized for Commitment to Delivering Responsibly
- MONTREAL, Feb. 20, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to be recognized as one of the top sustainability performers in the transportation industry by the 2025 S&P Global Yearbook as a result of our overall score from the S&P Global Corporate Sustainability Assessment. CN is proud of its 2024 rankings by prominent organizations, including CDP, Corporate Knights, MSCI, The Globe and Mail, and EcoVadis, as it relates to its sustainability practices.
- 02/20/2025
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IBEW Ratifies New CN Collective Agreement
- MONTREAL, Feb. 17, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its new four-year tentative collective agreement with the International Brotherhood of Electric Workers (IBEW) was formally ratified by employees on Friday, February 14, 2025. The union represents approximately 750 Signals and Communications employees at CN in Canada.
- 02/17/2025
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Ten Canadian Cities Receive Grants for Green Spaces and Tree Planting
- CN and Tree Canada support community greening and tree planting projects with $500,000 through CN EcoConnexions – From the Ground Up program CN and Tree Canada support community greening and tree planting projects with $500,000 through CN EcoConnexions – From the Ground Up program
- 02/10/2025
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Tracy Robinson to Address Barclays 2025 Industrial Select Conference
- MONTREAL, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer (TSX: CNR) (NYSE: CNI), will address the Barclays 2025 Industrial Select Conference on February 19, 2025, at 8:05 a.m. Eastern Time (ET).
- 02/10/2025
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Trade War Bargain Stocks: Top 3 Picks Too Good to Pass Up
- With President Trump's new round of tariffs targeting Canada, Mexico, and China, investors are closely watching how businesses in the affected regions will adapt. Initially set to take effect on February 4, the proposed 25% tariffs on Canadian and Mexican goods have been paused for 30 days following negotiations.
- 02/05/2025
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CN's 2024 Annual Financial Statements and Annual Information Form available on Company Website
- MONTREAL, Feb. 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company's 2024 Annual Financial Statements, Notes thereto and Management's Discussion and Analysis, and its 2024 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the “Investors” section of its website, www.cn.ca/investors.
- 02/05/2025
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New Strong Sell Stocks for February 4th
- CCB, CCOZY and CNI have been added to the Zacks Rank #5 (Strong Sell) List on February 4, 2025.
- 02/04/2025
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My Top 15 High-Growth Dividend Stocks For February 2025
- The SPDR S&P 500 ETF Trust starts 2025 on a positive note gaining 2.67% in January. The Top 15 dividend growth stocks for February 2025 offer an average dividend yield of 1.64% and appear to be about 25% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 11.03% compound annual growth rate.
- 02/03/2025
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Canadian National Q4 Earnings Lag Estimates, Decrease Year Over Year
- CNI's fourth-quarter 2024 earnings and revenues decrease year over year.
- 01/31/2025
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Canadian National: Still A Buy Despite Mixed Q4 And Tariff Threat
- Canadian National Railway Company has faced a challenging year with revenue and earnings declines due to port disruptions and severe weather, yet remains a strong long-term investment. The company boasts a 29-year streak of dividend growth and significant shareholder returns through buybacks, despite recent setbacks. Potential tariff impacts on cross-border trade pose a risk, but Canadian National's diverse cargo and long-term contracts provide a cushion.
- 01/31/2025
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Canadian National Railway Company (CNI) Q4 2024 Earnings Conference Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q4 2024 Earnings Conference Call January 30, 2025 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Remi Lalonde - Executive Vice President and Chief Commercial Officer Ghislain Houle - Executive Vice President and Chief Financial Officer Conference Call Participants Cherilyn Radbourne - TD Cowen Christian Wetherbee - Wells Fargo Fadi Chamoun - BMO Capital Markets Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Steven Hansen - Raymond James David Vernon - Bernstein Thomas Wadewitz - UBS Konark Gupta - Scotiabank Brandon Oglenski - Barclays Ravi Shanker - Morgan Stanley Benoit Poirier - Desjardins Jonathan Chappell - Evercore ISI Daniel Imbro - Stephens Inc. Operator Good afternoon. My name is Krista and I will be your conference operator today.
- 01/30/2025
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CN (CNI) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/30/2025
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Canadian National (CNI) Q4 Earnings Lag Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.48 per share a year ago.
- 01/30/2025
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CN Announces New Normal Course Issuer Bid for Share Repurchase and 5% Dividend Increase
- MONTREAL, Jan. 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 5% increase in the 2025 dividend on the Company's outstanding common shares as well as the repurchase of its shares under a new normal course issuer bid (Bid).
- 01/30/2025
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CN Announces Fourth Quarter and Year-End Results
- MONTREAL, Jan. 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2024. “Thanks to our team and the strength of our operating model, we were able to quickly recover from several shocks across the supply chain in 2024.
- 01/30/2025
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The Wide-Moat Express: Why Canadian National Is On Track For Unbeatable Value
- Canadian National Railway Company offers a wide moat, consistent dividend growth, and strategic investments, making it a strong pick amid economic uncertainty and tech stock headwinds. CNI's critical North American network, with 85% of traffic originating on its system, provides strong pricing power in key markets like grain and energy. Despite labor disputes and economic sensitivity, improving manufacturing surveys and economic indicators suggest a cyclical recovery, positioning Canadian National for strong returns.
- 01/27/2025
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CNI's Q4 Earnings Coming Up: What's in the Offing for the Stock?
- Supply-chain disruptions and network challenges amid the freight market downturn are expected to hurt the company's results in the to-be-reported quarter.
- 01/24/2025
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Analysts Estimate Canadian National (CNI) to Report a Decline in Earnings: What to Look Out for
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/23/2025
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The Smartest Dividend Stocks to Buy With $500 Right Now
- There is a difference between the stock market and a market of stocks. The S&P 500 is currently near all-time highs, yet numerous high-quality stocks within the index trade at bargain valuations.
- 01/18/2025
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7 A-Rated Dividend Aristocrat Bargains With Big Upside Potential In 2025
- Seven Dividend Aristocrats are trading at 52-week lows, but if they return to their historical fair value, they could offer a 34% upside potential in 2025. These aristocrats have strong fundamentals, including a 2.1% yield, A-credit ratings, and an average 41-year dividend growth streak. Historically, these stocks have outperformed the S&P 500 with lower volatility, delivering consistent returns and robust income growth.
- 01/17/2025
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Canadian National Railway's Valuation Is An Opportunity, Analyst Shifts To Bullish Outlook
- Stifel analyst Benjamin J. Nolan upgraded Canadian National Railway Company CNI to Buy from Hold while reducing the price target to $120 from $132.
- 01/16/2025
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CN Launches New Medium Horsepower Hybrid Locomotive Pilot Project
- MONTREAL, Jan. 16, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the launch of its new medium horsepower hybrid electric locomotive developed in collaboration with Knoxville Locomotive Works (KLW). This innovative hybrid locomotive will undergo testing in various operational conditions across CN's network as a pilot project, to evaluate its potential to enhance operational efficiency and fuel savings, marking another step towards more modern and sustainable rail operations.
- 01/16/2025
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3 Affordable Dividend Stocks to Buy Now for Income and Growth
- The year 2025 is just getting started, and investors have as much pressure as ever to get their portfolios set in the right direction, as a few winners in the first half of the year can not only give investors confidence but also plenty of liquidity and room to then pursue the more aggressive deals in the market during the second half of the year. This is why having a mix of steady income through dividend stocks that are also cheap enough to offer upside becomes critical.
- 01/15/2025
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CN's Acquisition of Iowa Northern Approved by STB
- MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the U.S. Surface Transportation Board (STB) has approved CN's acquisition of Iowa Northern Railway Company (IANR).
- 01/14/2025
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CN to Report Fourth-Quarter and Full-Year 2024 Financial and Operating Results on January 30, 2025
- MONTREAL, Jan. 06, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2024 financial and operating results after the market close on January 30, 2025.
- 01/06/2025
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Here's Why You Should Avoid Canadian National Stock for Now
- High debt, rise in operating expenses, and supply-chain disruptions represent major tailwinds for CNI.
- 01/03/2025
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I Bought More Canadian National As 2024 Closes
- Canadian National Railway's stock dip presents a long-term buying opportunity, despite a 19% drop in New York due to currency risks and tariff concerns. Railroads, including CNI, are capital-intensive but can yield strong returns through efficiency, fuel-efficiency, and cash returns via buybacks and dividends. Canadian National's Q3 showed mixed results with a slight EPS beat and revenue growth, but challenges in intermodal and automotive sectors impacted performance.
- 12/30/2024
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Unifor Ratifies New CN Collective Agreements
- MONTREAL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its new four-year tentative collective agreements with Unifor were formally ratified by employees on Sunday, December 22, 2024. The union represents approximately 3,300 employees at CN in Canada, working in different mechanical, clerical, and intermodal functions, all covered by multiple collective agreements.
- 12/23/2024
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Unifor members ratify new agreement with Canadian National Railway
- Unifor said on Sunday that its members at Canadian National Railway have ratified a new four-year collective agreement, averting a potential strike action.
- 12/22/2024
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Canadian National Railway: Total Yield And Valuation Make It A Buy For 2025
- I have upgraded Canadian National Railway to a Buy based on its attractive valuation and total yield potential. The company boasts a unique rail network spanning three coasts, has demonstrated strong operational efficiency, and has optimistic growth prospects tied to targeted infrastructure investments. For income- and defensive-minded investors, it offers the highest 5-year dividend CAGR, longest growth streak, and most competitive forward yield among peers, making it an attractive buy-and-hold option.
- 12/19/2024
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3 Railroad Stocks to Watch From the Challenging Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CNI and NSC are well-poised to capitalize on the bullishness.
- 12/16/2024
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CN Recognizes Customers, Suppliers and Supply Chain Partners for their Leadership in Sustainability
- MONTREAL, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the recognition of 73 of its customers, suppliers and supply chain partners, for their leadership and commitment to sustainability. Through CN's EcoConnexions Partnership Program, the Company is celebrating businesses dedicated to building a more sustainable future by supporting climate action, reducing their environmental impact, promoting biodiversity and implementing more sustainable and ethical business practices.
- 12/12/2024
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CN Reaches New Tentative Collective Agreement with Unifor
- MONTREAL, Dec. 09, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that a new tentative four-year collective agreement has been reached with Unifor. The union represents approximately 3,300 employees at CN in Canada, working in different mechanical, clerical, and intermodal functions.
- 12/09/2024
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My Top 15 High-Growth Dividend Stocks For December 2024
- The SPDR S&P 500 ETF Trust posted a strong gain of 5.96% in November, resuming its strong run in 2024. The Top 15 dividend growth stocks for December 2024 offer an average dividend yield of 1.2% and appear to be about 22% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 12.41% compound annual growth rate.
- 12/02/2024
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Here's Why Investors Should Retain Canadian National Stock for Now
- CNI is benefiting from robust tech-savvy initiatives that boost safety at work. The economic downturn and elevated expenses are hurting the company's prospects.
- 11/28/2024
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CN Releases New Indigenous Reconciliation Action Plan
- MONTREAL, Nov. 26, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today released its first Indigenous Reconciliation Action Plan (IRAP), reaffirming its commitment to strengthen ties with Indigenous communities, foster mutually beneficial relationships, and create opportunities for meaningful collaboration on the journey toward genuine reconciliation. The IRAP commitments and actions were developed and shaped by the insights, priorities, and feedback received from Indigenous communities and CN employees that engage with these communities.
- 11/26/2024
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Why Is CN (CNI) Down 4.6% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 11/21/2024
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3 Dividend Paying Railroad Stocks You May Count On
- Here we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 11/19/2024
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Billionaire Bill Gates Has 80% of His $45 Billion Portfolio in Just 4 Stocks
- The billionaire philanthropist has two dozen stocks in his portfolio, but just four are worth more than all his other holdings combined.
- 11/16/2024
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Here Are Billionaire Bill Gates' 5 Biggest Holdings
- You might be surprised by which stocks Gates is betting on.
- 11/05/2024
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5 Blue-Chip Bargains Ready To Roar
- The analysts I work with use disciplined financial science to identify blue-chip bargains with Buffett-like return potential. Nick Ward's top 5 blue-chip picks for October, including Amazon and Realty Income, offer a potential 48% upside in the next year and 108% in five years. These five stocks are 29% historically undervalued, featuring, A-credit ratings, and risk management in the top 21% of global companies, ensuring dependable dividends and robust growth.
- 10/24/2024
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Canadian National Railway: Downgrade To Hold On Near-Term Uncertainty
- I downgrade Canadian National Railway Co. from buy to hold due to concerns about missing FY24 EPS guidance amid weak volume growth. Third-quarter earnings were mixed: revenue grew 3.1% y/y, but EBIT fell slightly, and recurring net income dropped, despite a 1.8% increase in adj EPS. Operational improvements in network health and fluidity are notable, but the near-term volume growth outlook remains uncertain, impacting confidence in meeting FY24 targets.
- 10/23/2024
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Dividends On Track: Why I'm Bullish On Canadian National's Long-Term Potential
- Canadian National Railway Company demonstrates operational resilience, maintaining strong service levels despite labor strikes and wildfires, supporting its status as a reliable dividend growth stock. Canadian National's strategic network and critical supply chain role provide a wide moat, ensuring long-term growth opportunities, especially in international intermodal and grain demand. Despite cyclical headwinds and paused buybacks, CNI's strong balance sheet and consistent dividend growth make it a compelling pick for dividend investors.
- 10/23/2024
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Canadian National's Third-Quarter Earnings & Revenues Miss Estimates
- Labor uncertainties and a softer macroeconomic environment impact CNI's third-quarter performance.
- 10/23/2024
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Canadian National Railway Company (CNI) Q3 2024 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q3 2024 Earnings Conference Call October 22, 2024 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Remi Lalonde - Executive Vice President and Chief Commercial Officer Ghislain Houle - Executive Vice President and Chief Financial Officer Conference Call Participants Kenneth Hoexter - Bank of America Fadi Chamoun - BMO Capital Markets Christian Wetherbee - Wells Fargo Cherilyn Radbourne - TD Cowen Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Brandon Oglenski - Barclays Steven Hansen - Raymond James Ravi Shanker - Morgan Stanley Konark Gupta - Scotiabank Brian Ossenbeck - JPMorgan David Vernon - Bernstein Benoit Poirier - Desjardins Jonathan Chappell - Evercore ISI Stephanie Moore - Jefferies Daniel Imbro - Stephens Inc Thomas Wadewitz - UBS Benjamin Nolan - Stifel Operator Good afternoon. My name is Sarah and I will be your operator today.
- 10/22/2024
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Here's What Key Metrics Tell Us About CN (CNI) Q3 Earnings
- While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 10/22/2024
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Canadian National (CNI) Q3 Earnings and Revenues Lag Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.26 per share a year ago.
- 10/22/2024
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CN Declares Fourth-Quarter 2024 Dividend
- MONTREAL, Oct. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a fourth-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on December 30, 2024, to shareholders of record at the close of business on December 9, 2024.
- 10/22/2024
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CN Announces Third Quarter Results
- MONTREAL, Oct. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2024. “Our scheduled operating plan demonstrated its resilience in the third quarter, allowing us to adapt our operations to challenges posed by wildfires and prolonged labor issues.
- 10/22/2024
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CN to Report Third-Quarter 2024 Financial and Operating Results Today
- MONTREAL, Oct. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2024 financial and operating results after the market close.
- 10/22/2024
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Seeking Clues to CN (CNI) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Besides Wall Street's top -and-bottom-line estimates for CN (CNI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
- 10/17/2024
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Retirement At Risk? 2 No-Brainer Dividends For Income And Growth
- Social Security's 2.5% hike for retirees in 2025 is the smallest in years, barely keeping up with inflation. Higher Medicare premiums also cut into the COLA increase. Inflation remains a concern, and future Social Security benefits may be at risk due to the fund's projected depletion. Possible changes include raising the retirement age. Retirees must take control of their financial future by building a mix of income and growth portfolios to reduce dependence on Social Security and safeguard retirement plans.
- 10/16/2024
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Canadian National Gears Up to Report Q3 Earnings: What's in Store?
- Canadian National's third-quarter 2024 revenues are expected to have been aided by higher volumes across some key segments.
- 10/15/2024
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Canadian National (CNI) Earnings Expected to Grow: Should You Buy?
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/15/2024
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Billionaire Bill Gates Has 81% of His $48 Billion Portfolio in Just 4 Stocks
- The billionaire philanthropist has two dozen stocks in his holdings, but just four account for the vast majority of his portfolio.
- 10/12/2024
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The 12 Best High-Yield Dividend Aristocrats For This Election Season
- Despite political uncertainties, sticking to a long-term strategy with dividend aristocrats ensures stability and growth as they adapt to any political or economic environment. These 12 dividend aristocrats offer a 3.8% yield, 9.1% growth, and 12.9% long-term income growth potential, with average 90th percentile risk management, A-credit ratings, and a 41-year dividend growth streak. They offer 17% return potential in the next year, 48% in the next two years, and 73% in the next five years.
- 10/12/2024
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Canadian National Inks AI-Related Deal With Duos Technologies
- DUOT's deal with CNI enables the former to offer Machine Vision/AI wayside detection safety data via subscription service.
- 10/11/2024
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CN to Report Third-Quarter 2024 Financial and Operating Results on October 22, 2024
- MONTREAL, Oct. 03, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2024 financial and operating results after the market close on October 22, 2024.
- 10/03/2024
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Here's Why Investors Should Retain Canadian National Stock for Now
- Canadian National is benefiting from its technology advancement initiatives. The economic downturn and elevated expenses are hurting its prospects.
- 10/02/2024
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Disposition of Common Shares of Canadian National Railway Company
- KIRKLAND, Wash., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Cascade Investment, L.L.C. (“Cascade”) announced today that it has disposed of 5,994,691 common shares (“Common Shares”) of Canadian National Railway Company (“CN”) by transferring ownership and control of the Common Shares in a private transaction for no consideration. Following the disposition, Cascade owns 3,539,451 Common Shares, representing approximately 0.56% of the issued and outstanding Common Shares. Immediately prior to the disposition, Cascade owned 9,534,142 Common Shares, representing approximately 1.51% of the issued and outstanding Common Shares. As the sole member of Cascade, William H. Gates III beneficially owns the Common Shares owned by Cascade.
- 10/02/2024
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CN Publishes Winter Plan for 2024-2025
- MONTREAL, Oct. 01, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has published its 2024-2025 Winter Plan. “At CN, we know all too well that the winter brings unique operational challenges.
- 10/01/2024
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3 Dividend Titans With Pricing Power Straight From The Hedge Fund Playbook
- Learning from successful hedge funds like Millennium means focusing on minimizing risks. To achieve this, I focus on companies with strong pricing power. They have wide moats and recurring revenue that help protect against economic downturns. I've identified three dividend stocks that stand out for their pricing power, market leadership, and ability to generate sustainable long-term returns.
- 10/01/2024
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Unifor files a notice of dispute against Canadian National Railway
- Canadian National Railway said on Friday that labor union Unifor has filed a notice of dispute to the Canadian Minister of Labor, just three days after initiating negotiations.
- 09/27/2024
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Unifor Files a Notice of Dispute
- MONTREAL, Sept. 27, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that Unifor has filed a Notice of Dispute three days after the beginning of negotiations. The Union represents 3,300 Mechanical, Clerical, and Intermodal employees in Canada across three collective agreements. The current collective agreements expire on December 31, 2024.
- 09/27/2024
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Canadian National Railway: On Track For Continued Growth With Labor Challenges Out Of The Way
- CN Rail reported decent Q2'24 results, highlighting strong revenue growth and improved profit margins, driven by effective cost management and strategic investments. Recent labor challenges appear to be mostly behind the company for now, with no stoppages as a result of labor dispute now that both parties are in mandatory arbitration. While guidance was revised lower, I think this has been already priced into the stock with the company trading below the peer group and below its historical valuation multiple.
- 09/26/2024
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CN Police Services Mobilizing for Rail Safety Week 2024
- Be Rail Smart: Stop, Look, Listen, Live CN Police Officers Engage with Communities Across Canada to Raise Awareness and Help Save Lives MONTREAL, Sept. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has launched its annual Rail Safety Week campaign to raise awareness about the vital importance of rail safety.
- 09/23/2024
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CN Police Services Mobilizing for See Tracks? Think Train® Week 2024
- CN Police Officers Engage with Communities Across the United States to Raise Awareness and Help Save Lives CN Police Officers Engage with Communities Across the United States to Raise Awareness and Help Save Lives
- 09/23/2024
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Billionaire Bill Gates Has 88% of His Portfolio in These 5 Stocks
- It's hard to argue against the investing decisions of billionaire Bill Gates. At just 68, he's now worth $138.6 billion thanks in large part to the success of Microsoft.
- 09/21/2024
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MEDIA AVAILABILITY: CN Police Officers Available For Media Interviews During Rail Safety Week
- MONTREAL, Sept. 20, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will offer members of the media the opportunity to talk with CN police officers in uniform during Rail Safety Week, an annual public awareness campaign that runs from September 23-29. Throughout the week, CN officers will travel across the country and into communities to participate in safety initiatives at commuter and railway crossings, share rail safety tips and highlight the dangers of trespassing on railway tracks and property.
- 09/20/2024
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MEDIA AVAILABILITY: CN Police Officers Available For Media Interviews During See Tracks? Think Train Week
- HOMEWOOD, Ill., Sept. 20, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will offer members of the media the opportunity to talk with CN police officers in uniform during See Tracks? Think Train Week, an annual public awareness campaign that runs from September 23-29. Throughout the week, CN officers will travel across the country and into communities to participate in safety initiatives at commuter and railway crossings, share rail safety tips and to highlight the dangers of trespassing on railway tracks and property.
- 09/20/2024
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CN Announces US$750 Million Debt Offering
- MONTREAL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$750 million aggregate principal amount of 4.375% Notes due 2034. CN expects to close the offering on September 18, 2024, subject to the satisfaction of customary closing conditions.
- 09/16/2024
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Why Bill Gates Has Held These 3 Stocks for So Long
- Bill Gates is among the most well-known and closely-followed businessmen in the world.
- 09/16/2024
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Canadian National Trims FY24 EPS Growth View Post Labor Crisis
- CNI withdraws its previously provided guidance for the 2024-2026 time period.
- 09/11/2024
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CN Operations have Recovered, Company Updates Outlook Following Labor Disruption
- Operations have recovered but demand weakness persists in key sectors Operations have recovered but demand weakness persists in key sectors
- 09/10/2024
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3 Dividend Paying Railroad Stocks You May Count On
- Here, we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 09/09/2024
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My Top 15 High Growth Dividend Stocks For September 2024
- The SPDR S&P 500 ETF Trust posted a 2.34% gain in August, underperforming Vanguard's Dividend Appreciation Index Fund ETF Shares by +3.32%. The top 15 dividend growth stocks for September 2024 offer an average dividend yield of 1.23% and appear to be about 26% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved a 12.93% annualized return.
- 09/03/2024
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10 High-Yield A-Rated Blue-Chips For Potentially Scary Times Ahead
- The economy is stable but cooling, with the labor market showing signs of slowing down. GDP growth is likely to keep falling, and individual companies could suffer. Long-term investors should focus on companies with strong risk management and adaptability to changing economic conditions, ensuring consistent returns and dividend growth. These 10 companies average an A-credit rating and S&P risk management in the top 0.4% of global companies.
- 08/30/2024
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Here's Why You Should Retain Canadian National Stock for Now
- Canadian National is riding on its robust segmental performance. Its efforts to reward shareholders are encouraging.
- 08/29/2024
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Canadian National: When The Train Slows Down, It's Time To Seize The Opportunity
- Canadian National Railway has been trending lower for some months due to labor disputes. In the meantime, rail traffic data paints a promising picture for Canadian National's business. In this article, I update my research on the company, explaining why I remain bullish despite temporary headwinds.
- 08/28/2024
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Feeling Left Behind? 3 Dividend Stocks For A Worry-Free Retirement
- Retirement planning varies greatly depending on personal situations. Assess your expenses and create a plan tailored to your needs, considering risk and financial goals. For most investors, ETFs provide a simple and effective way to build wealth over time, offering diversification and stability without the need for constant stock-picking. Solid long-term investments can offer a mix of growth, income, and reliability. Focus on options that align with your retirement timeline and financial objectives.
- 08/26/2024
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CN Receives Order of Binding Arbitration
- MONTREAL, Aug. 24, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has received an order from the Canada Industrial Relations Board (CIRB) imposing binding arbitration between the Company and the Teamsters Canada Rail Conference (TCRC).
- 08/24/2024
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Billionaire Bill Gates Has 83% of His $48 Billion Portfolio in Just 4 Stocks
- The Bill & Melinda Gates Foundation Trust is the repository for stocks destined to fund Gates' ongoing charitable work. Most of the Trust's largest holdings have a long history of strong and increasing dividend payouts.
- 08/24/2024
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Teamsters Serve CN with a Strike Notice
- MONTREAL, Aug. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has been served with a 72-hour strike notice by the Teamsters Canada Rail Conference (TCRC). The Teamsters intend to strike as of 10:00 AM ET on Monday, August 26, 2024.
- 08/23/2024
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Railway work stoppage eases at CN, but CPKC deadlock intensifies
- The Teamsters Canada Rail Conference has ended picket lines at Canadian National Railway (NYSE:CNI) (CN), allowing workers to return on Friday. However, the work stoppage at Canadian Pacific Kansas City (CPKC) remains, pending an order from the Canada Industrial Relations Board (CIRB).
- 08/23/2024
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Canadian National (CNI) Ends Lockout Post Minister Intervention
- Canadian National (CNI) is disappointed that the labor dispute could not be resolved at the negotiating table and required ministerial intervention.
- 08/23/2024
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CN Ends Lock Out and Initiates Recovery Plan
- MONTREAL, Aug. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that effective 18:00 ET, it ended its lock out and immediately initiated its recovery plan. As CN awaits the formal order from the Canada Industrial Relations Board (CIRB), the Company is making this decision to expedite the recovery of the economy.
- 08/22/2024
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Canada's major railways halt freight traffic, disrupting supply chains and commuter services
- Freight traffic on Canada's two largest railways, Canadian National Railway (NYSE:CNI) Co. and Canadian Pacific Kansas City Ltd., has ground to a halt after both companies locked out 9,300 workers following failed contract negotiations with the Teamsters Canada Rail Conference.
- 08/22/2024
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CN Moves Forward with Lock Out
- MONTREAL, Aug. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has formally locked out employees represented by the Teamsters Canada Rail Conference (TCRC) as of Aug. 22 at 00:01 ET, after the union did not respond to another offer by CN in a final attempt to avoid a labour disruption.
- 08/22/2024
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3 Stocks in Bill Gates' Portfolio That Are Worth a Closer Look
- According to Forbes' real-time billionaires list, Bill Gates is the ninth-richest person in the world, with an impressive net worth of $132.9 billion.
- 08/21/2024
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Stop Fearing a Recession, Buy These Stocks While They Are Still Cheap
- During the current market correction and potential recession, volatility remains high with many investors now increasingly pricing in a potential market crash.
- 08/20/2024
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CN Issues Lockout Notice to Teamsters
- Railroad Continues to Safely Shutdown Canadian Rail Network as Parties Remain Far Apart Railroad Continues to Safely Shutdown Canadian Rail Network as Parties Remain Far Apart
- 08/18/2024
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Canadian National Railway: Strong Fundamentals Amid Short-Term Challenges
- Canadian National Railway is a core holding in my portfolio, with strong growth prospects in the railroad industry. Despite a recent share price dip, the company continues to deliver consistent financial performance and shareholder returns. Q2 results show revenue growth, with potential disruptions and labor issues impacting short-term guidance, but long-term prospects remain strong.
- 08/18/2024
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CN Asks Federal Government to Order Binding Arbitration to Protect Canada's Economy
- Absence of Progress at the Negotiating Table Requires Immediate Action Absence of Progress at the Negotiating Table Requires Immediate Action
- 08/09/2024
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Comparing The 5 Publicly Traded Class I Railroad Companies
- Railroads in the US boomed in the 19th century but faced competition from automobiles and airlines, leading to mergers and consolidation in the industry. There are 5 Class I publicly traded railroads left today, each with high returns on equity, low debt, growing dividends, and ample return on capital. All are compound growers. The railroad business is a natural monopoly due to high capital costs and legal obstacles, resulting in low competition and stable profit margins.
- 08/08/2024
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3 Blue-Chip Stocks You'll Kick Yourself For Not Buying in August
- August represents a great opportunity for investors to take advantage of the best blue-chip stocks to buy. With the stock market falling hard, a more balanced investing approach can help weather the storm.
- 08/06/2024
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My Top 15 High-Growth Dividend Stocks For August 2024
- The SPDR S&P 500 ETF Trust posted a 1.21% gain in July, underperforming Vanguard's Dividend Appreciation Index Fund ETF Shares by +3.97%. The top 15 dividend growth stocks for August 2024 offer an average dividend yield of 1.49% and appear to be about 28% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved a 12.25% annualized return.
- 08/02/2024
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2024-2025 CN Grain Plan Builds on Strong Performance
- CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders
- 07/31/2024
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Canadian National (CNI) Q2 Earnings & Revenues Miss Estimates
- Canadian National's (CNI) Q2 results benefit from higher volumes.
- 07/24/2024
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Off The Rails? Not Quite.
- Canadian National Railway Company reported a 7% increase in 2Q24 revenues, supported by pricing, volumes, and exchange rates. Labor uncertainties and operational disruptions led to a revision of full-year EPS growth guidance for CNI. Despite challenges, CNI remains an attractive investment with a strong dividend yield, buyback record, and promising growth projections.
- 07/24/2024
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Canadian National Railway Company (CNI) Q2 2024 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q2 2024 Earnings Conference Call July 23, 2024 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Remi Lalonde - Executive Vice President and Chief Commercial Officer Ghislain Houle - Executive Vice President and Chief Financial Officer Conference Call Participants Christian Wetherbee - Wells Fargo Cherilyn Radbourne - TD Cowen Scott Group - Wolfe Research Steven Hansen - Raymond James Kenneth Hoexter - Bank of America Konark Gupta - Scotiabank David Vernon - Bernstein Fadi Chamoun - BMO Capital Markets Brian Ossenbeck - JPMorgan Walter Spracklin - RBC Capital Markets Ravi Shanker - Morgan Stanley Operator Good afternoon. My name is Julianne and I will be your operator today.
- 07/23/2024
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CN (CNI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 07/23/2024
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Canadian National (CNI) Q2 Earnings and Revenues Lag Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.31 per share a year ago.
- 07/23/2024
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CN Declares Third-Quarter 2024 Dividend
- MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on September 27, 2024, to shareholders of record at the close of business on September 6, 2024.
- 07/23/2024
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CN Announces Second Quarter Results
- Company Remains Focused on Growth and Disciplined Adherence to Scheduled Railroading Company Remains Focused on Growth and Disciplined Adherence to Scheduled Railroading
- 07/23/2024
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CN to Report Second-Quarter 2024 Financial and Operating Results Today
- MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2024 financial and operating results after the market close.
- 07/23/2024
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7 Investments To Buy And Hold For Next 10 Years
- We present a diversified yet simple portfolio of 6 stocks and one ETF with nearly 4% dividend yield. The portfolio has been designed for retirees and income investors whose needs are generally met with a 4% income yield. This portfolio is not meant for high-income investors. We believe the portfolio presented will likely provide market-matching total returns and at least 6% dividend growth over the long term, handily beating inflation.
- 07/20/2024
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What's in Store for Canadian National (CNI) in Q2 Earnings?
- Canadian National's (CNI) Q2 performance is expected to be adversely impacted by the freight market downturn.
- 07/19/2024
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Canadian National (CNI) Earnings Expected to Grow: Should You Buy?
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/16/2024
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Canadian National Railway: My Top Railroad For Dividend Growth Investors
- I compare the major railroad companies from the perspective of a dividend-focused investor. The “big five” are highly correlated by many growth and profitability metrics, but not all. Canadian National outshines the others with its efficiency and consistent performance.
- 07/14/2024
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Forget Big Tech, 3 Terrific Dividend Growth Stocks To Buy
- Recent inflation data shows a minimal rise in core prices and a drop in headline CPI, leading to expectations of significant Fed rate cuts over the next year. The market's reaction to positive inflation news, highlighted by a sell-off, suggests investors are cautious, knowing more disinflation is needed for further rate cuts. Money is shifting to lagging sectors, boosting the equal-weight S&P 500. This indicates a broadening of market strength, presenting new investment opportunities.
- 07/13/2024
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4 Stocks to Watch From the Prospering Railroad Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CNI, CP, CSX and NSC are well-poised to capitalize on the bullishness.
- 07/09/2024
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The Highest Quality Dividend Growth Stocks In 2024
- This article updates one I wrote in August 2022, which was based on a template article by David Van Knapp published in June 2020. I use an adapted quality scoring system to assess the quality of dividend growth stocks. The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 30 points.
- 07/09/2024
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CN to Report Second-Quarter 2024 Financial and Operating Results on July 23, 2024
- MONTREAL, July 08, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2024 financial and operating results after the market close on July 23, 2024.
- 07/08/2024
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My Top 15 High-Growth Dividend Stocks For July 2024
- The SPDR S&P 500 ETF Trust had a 3.53% gain in June, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, +1.41%. The top 15 dividend growth stocks for July 2024 offer an average dividend yield of 1.56% and appear to be about 31% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved an 11.07% annualized return.
- 07/07/2024
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CN Announces Net-Zero Target Approved by Science Based Targets initiative
- MONTREAL, July 03, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce that its net-zero by 2050 target has been validated by the Science Based Targets initiative (SBTi). In using a science-based approach to its climate commitments, CN and the broader North American rail industry are aligned to reducing emissions and decarbonizing to deliver a sustainable future for all.
- 07/03/2024
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Canadian National: Easing Comps, Growth Initiatives And Reasonable Valuation
- Canadian National: Easing Comps, Growth Initiatives And Reasonable Valuation
- 07/02/2024
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Here's Why You Should Retain Canadian National (CNI) Stock
- Canadian National's (CNI) shareholder-friendly actions bode well for the company. However, supply-chain disruptions are bothersome.
- 06/17/2024
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3 Railroad Stocks With Solid Dividend Yield You May Count On
- Here, we selected three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 06/14/2024
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Canadian national pleads guilty to stealing Tesla trade secrets
- A Canadian resident of China pleaded guilty in New York federal court on Thursday to stealing Tesla electric-vehicle battery manufacturing trade secrets and conspiring to sell them to undercover government agents, according to the U.S. Department of Justice (DOJ).
- 06/13/2024
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CN Formally Offers Binding Arbitration to TCRC
- MONTREAL, June 06, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that earlier this week, it had formally offered the Teamsters Canada Rail Conference (TCRC) to enter into binding arbitration.
- 06/06/2024
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CN Partners with Canada's Sports Hall of Fame in Support of Indigenous Athletes and their Stories
- MONTREAL, June 03, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that it would be expanding its partnership with Canada's Sports Hall of Fame in support of Indigenous athletes and sport builders, and their stories. As we mark the start of National Indigenous History Month, this new three-year $450,000 agreement will help to recognize the significant contributions of Indigenous sports figures and promote a greater understanding of their impact on Canadian sports and culture.
- 06/03/2024
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CN Launches New Firefighting Trains to Help Protect Supply Chain
- MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the addition of two new firefighting trains along with two additional railcars to its fire mitigation and suppression fleet. With wildfires underway across Canada, this specialized fleet, the Trident and the Neptune trains will join CN's existing firefighting train, Poseidon. Together, these three trains will provide support in combatting wildfires along CN's right-of-way, bringing a significant amount of water and fire suppression capacity to isolated areas, helping to ensure the fluidity, safety and security of goods on CN's network and surrounding communities.
- 05/29/2024
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Tracy Robinson and Ghislain Houle to Address Bernstein's 40th Annual Strategic Decisions Conference on May 31
- MONTREAL, May 24, 2024 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer, and Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address the Bernstein's 40th Annual Strategic Decisions Conference on May 31, 2024 at 9:00 a.m. Eastern Time (ET).
- 05/24/2024
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Why Is CN (CNI) Up 3.8% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 05/23/2024
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Canadian National Railway makes new contract offer to Teamsters union
- Canadian National Railway said on Thursday it has made a new contract offer to the Teamsters Canada Rail Conference (TCRC) union, in an attempt to avert a strike.
- 05/16/2024
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CN Presents Simplified Offer to TCRC to Achieve a Deal
- Offer respects Duty and Rest Period Rules and is aligned with scientific fatigue management practices MONTREAL, May 16, 2024 (GLOBE NEWSWIRE) -- In an attempt to avoid a work stoppage and end the unpredictability for Canada's supply chains, CN (TSX: CNR) (NYSE: CNI) tabled a new offer to the Teamsters Canada Rail Conference (TCRC). The new offer remains fully compliant with the Federal Government's Duty and Rest Period Rules (DRPR) which define the requirements related to the hours of work and rest periods for employees who are in positions designated critical to safe railway operations.
- 05/16/2024
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Unifor Affiliated CNTL Drivers Ratify New Collective Agreement
- MONTREAL, May 14, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the tentative agreement between CNTL, a CN subsidiary dedicated to first and last mile trucking container pickup and deliveries, and owner-operators affiliated with Unifor has been ratified. This four-year agreement covers approximately 750 owner-operators under contract with CNTL in Canada until December 31, 2027.
- 05/14/2024
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CN Unveils Innovative Transload Facility in Flat Rock
- FLAT ROCK, Mich., May 14, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the grand opening of its new transload logistics facility in Flat Rock, Michigan.
- 05/14/2024
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Billionaire Bill Gates Has 67% of His $42 Billion Portfolio in These 3 Stocks
- Cloud computing and AI will continue to drive Microsoft's performance in the coming years. Diverse businesses, vast cash, and evolving management should help Berkshire Hathaway.
- 05/14/2024
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Ghislain Houle, and Derek Taylor to address the 17th Annual Wolfe Research Global Transportation & Industrials Conference on May 22
- MONTREAL, May 13, 2024 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer and Derek Taylor, Executive Vice-President and Chief Field Operating Officer of CN (TSX: CNR) (NYSE: CNI), will address the 17th Annual Wolfe Research Global Transportation & Industrials Conference on May 22, 2024, starting at 9:10 a.m. Eastern Time (ET).
- 05/13/2024
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CN Pledges $10 Million to Support Natural Disaster Relief Efforts
- MONTREAL, May 10, 2024 (GLOBE NEWSWIRE) -- Today, CN (TSX: CNR) (NYSE: CNI) announced a pledge of $10 million (CAD) over ten years to support disaster relief initiatives across North America. This funding underscores CN's commitment to assisting communities affected by natural disasters and the impacts of climate change.
- 05/10/2024
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Canada moves to push back start date for possible rail strike
- The Canadian government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an official said on Friday.
- 05/10/2024
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CN Moving to Kevric's Landmark Redevelopment at 600 De La Gauchetière Street West
- CN will be relocating its head office to Kevric's latest redevelopment in downtown Montreal MONTREAL , May 9, 2024 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) and Kevric jointly announced today that CN will relocate its headquarters to Kevric's 600 DLG project, located at 600 De La Gauchetière West. The 20-year lease begins in 2028 and covers the building's first 18 floors, totaling more than 440,000 square feet.
- 05/09/2024
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CN is Presenting 2023 Safe Handling Award to 193 Rail Shippers
- MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the winners of its Safe Handling Award for 2023.
- 05/08/2024
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New Tentative Agreement Reached Between CN and Unifor Affiliated CNTL Drivers
- MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that CNTL, a CN subsidiary dedicated to first and last mile trucking container pickup and deliveries, has reached a second tentative agreement with owner-operators affiliated with Unifor. The first tentative agreement, announced on January 17,2024, was not ratified. This four-year agreement covers approximately 750 owner-operators under contract with CNTL in Canada until December 31, 2027.
- 05/07/2024
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3 Unstoppable Dividend Stocks Built to Withstand a Recession
- Dividend stocks are some of the most stable in the market because they usually have very profitable companies backing them up. You do not have unprofitable companies paying dividends, so it makes sense why so many investors retreat into them when the market wobbles.
- 05/07/2024
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Ghislain Houle and Patrick Whitehead to Address Investor Conferences on May 14 and 15
- MONTREAL, May 06, 2024 (GLOBE NEWSWIRE) -- Ghislain Houle and Patrick Whitehead (TSX: CNR) (NYSE: CNI), to address upcoming conferences:
- 05/06/2024
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10 Sleep-Well-At-Night Dividend Aristocrats Perfect For Whatever's Coming Next
- The stock market is unpredictable, and even professionals struggle to understand it. Stocks have historically been the best-performing asset, but short-term returns are influenced by sentiment, momentum, and luck. According to JPMorgan, 96% of stocks don't beat bonds, and almost half of US stocks suffer "permanent, catastrophic" declines of 70+%.
- 05/03/2024
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United Steelworkers Ratify New Collective Agreement
- MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its new three-year collective agreement with the United Steelworkers (USW) Local 2004, was formally ratified by union members on Monday April 29th, 2024. The USW represents approximately 2,500 track and bridge employees at CN, primarily responsible for track maintenance across Canada.
- 05/01/2024
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CN Announces C$1.25 Billion Debt Offering
- The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days
- 04/30/2024
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Canadian National: Where Dividend Investors Go For Income And Growth
- Canadian National Railway is a dividend growth stock with a history of consistent dividend hikes. The company faced challenges in the first quarter, including weak demand in certain sectors and margin pressures from inflation. CNI remains resilient through its diversified revenue streams, strategic investments, and commitment to shareholder value.
- 04/29/2024
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CN Announces Election of Directors
- MONTREAL, April 26, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced that the director nominees listed in the management information circular dated March 4, 2024 (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 April 26, 2024 via online webcast are set out below.
- 04/26/2024
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Are You Looking for a High-Growth Dividend Stock?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 04/25/2024
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Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag
- Canadian National's (CNI) Q1 results are affected by the weak freight demand scenario.
- 04/25/2024
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Canadian National Railway Company (CNI) Q1 2024 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q1 2024 Earnings Conference Call April 23, 2024 4:30 PM ET Company Participants Tracy Robinson - President & CEO Stacy Alderson - Assistant VP, IR Patrick Whitehead - EVP & Chief Network Operating Officer Derek Taylor - EVP & Chief Field Operations Officer Doug MacDonald - EVP & Chief Marketing Officer Ghislain Houle - EVP & CFO Conference Call Participants Steve Hansen - Raymond James Fadi Chamoun - BMO Capital Markets Kenneth Hoexter - Bank of America Cherilyn Radbourne - TD Cowen Ravi Shanker - Morgan Stanley Benoit Poirier - Desjardins Bank Konark Gupta - Scotiabank David Vernon - Bernstein Walter Spracklin - RBC Capital Markets Kevin Chiang - CIBC Scott Group - Wolfe Research Thomas Wadewitz - UBS David Zazula - Barclays Jonathan Chappell - Evercore ISI Brian Ossenbeck - JPMorgan Justin Long - Stephens Operator Good afternoon. My name is Julianne, and I will be your operator today.
- 04/23/2024
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CN (CNI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for CN (CNI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 04/23/2024
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Canadian National (CNI) Q1 Earnings Beat Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.35 per share a year ago.
- 04/23/2024
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What's in Store for Canadian National (CNI) in Q1 Earnings?
- Canadian National's (CNI) Q1 bottom line is expected to benefit from lower costs.
- 04/16/2024
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Analysts Estimate Canadian National (CNI) to Report a Decline in Earnings: What to Look Out for
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2024
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Canadian National Railway offers higher hourly pay, improved schedule in new offer to union
- Canadian National Railway said on Friday it has proposed an offer that included higher hourly wages, improved vacation leave and more consistent work schedules as part of negotiations with a union representing its employees.
- 04/12/2024
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3 Railroad Stocks to Watch From the Challenging Industry
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 04/12/2024
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3 Worry-Free Bill Gates Stocks to Buy and Hold
- With a keen eye for innovation and long-term growth potential, Bill Gates' stocks often reflect a blend of stability and forward-thinking vision. While Gates himself does not actively manage the Bill & Melinda Gates Foundation trust, its holdings offer valuable insights into his investment philosophy.
- 04/09/2024
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Here's Why Investors Should Retain Canadian National (CNI)
- Canadian National's (CNI) commitment to rewarding its shareholders and maintaining robust liquidity is commendable. However, low freight demand and supply-chain disruptions are major headwinds.
- 04/02/2024
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The 3 Most Undervalued Long-Term Stocks to Buy in March 2024
- With volatility on the horizon, investors can discover the best undervalued long-term stocks to buy. These companies are often considered ‘boring' and possess strong industry fundamentals.
- 03/15/2024
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Billionaire Bill Gates Has Over Half of His $42 Billion Portfolio Invested in These 3 Dividend Stocks
- Bill Gates has contributed a lot of money to the Bill & Melinda Gates Foundation Trust. Three dividend stocks rank among the trust's top five holdings and make up 55.41% of its total portfolio.
- 03/10/2024
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Warren Buffett Just Issued a Dire Warning for These 2 "Bulletproof" Sectors
- Warren Buffett lamented two of his largest investments in this year's annual letter. The admission was somewhat shocking, given that these businesses make up significant portions of Berkshire's operating earnings.
- 03/03/2024
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Canadian National Is My Top Pick Among Class 1 Railroads
- Canadian National Railway is a top pick in the rail industry due to macroeconomic trends and its strong financial performance. CNR has a conservative balance sheet and focuses on efficiency, leading to steady dividend growth and high return on invested capital. Despite a challenging year in 2023, CNR's net income increased and the company expects growth in 2024.
- 03/02/2024
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27 Upcoming Dividend Increases Including A Dividend King
- A new list of 27 new dividend increases, including King Kimberly-Clark and three other champions.
- 02/29/2024
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Billionaire Bill Gates Has 82% of His $42 Billion Portfolio in Just 4 Stocks
- The Bill & Melinda Gates Foundation Trust holds the money earmarked for Gates' charitable ventures. Many of the stocks have a long track record of paying and increasing dividends.
- 02/29/2024
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Ghislain Houle and Patrick Whitehead to Address the 45th Annual Raymond James Institutional Investor Conference on March 6
- MONTREAL, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer and Patrick Whitehead, Executive Vice-President and Chief Network Operating Officer of CN (TSX: CNR) (NYSE: CNI), will address the 45th Annual Raymond James Institutional Investor Conference on March 6, 2024, at 8:05 a.m. Eastern Time (ET).
- 02/23/2024
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CN (CNI) Up 4.9% Since Last Earnings Report: Can It Continue?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 02/22/2024
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Ghislain Houle and Derek Taylor to Address Investor Conferences on February 20 and 21
- MONTREAL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer and Derek Taylor, Executive Vice-President, and Chief Field Operations Officer (TSX: CNR) (NYSE: CNI), will address:
- 02/08/2024
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Are Transportation Stocks Becoming More Shareholder Friendly?
- Transportation stocks like GATX, CNI, FDX, TRN, JBHT, LSTR and AL are well-served by their shareholder-friendly nature.
- 01/31/2024
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GATX Rewards Shareholders With Dividend Increase of 5.5%
- GATX's shareholder-friendly initiatives should boost investor confidence and positively impact the company's bottom line.
- 01/30/2024
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Canadian National (CNI) Stock Down 2.2% Despite Q4 Earnings Beat
- Canadian National's (CNI) fourth-quarter 2023 revenues hurt by lower fuel surcharge revenues.
- 01/26/2024
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5 Stocks to Watch on Their Recent Dividend Hikes
- Investors may keep a tab on stocks like SFNC, IBCP, SPGI, HBT and CNI, which have lately hiked their dividend payments.
- 01/26/2024
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Canadian National Railway: A Bright Future Ahead
- Canadian National Railway shares have risen by 15% since my last article. 2023 was a tough year for railroads, but the future looks bright. CNI expects 10% EPS growth in 2024. Canadian National Railway also raised its dividend by 7%.
- 01/24/2024
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Canadian National Railway Company (CNI) Q4 2023 Earnings Call Transcript
- Canadian National Railway Company (CNI) Q4 2023 Earnings Call Transcript
- 01/23/2024
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CN (CNI) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/23/2024
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Canadian National (CNI) Q4 Earnings and Revenues Top Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.55 per share a year ago.
- 01/23/2024
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CN to Report Fourth Quarter and Full-Year 2023 Financial and Operating Results Today
- MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth quarter and full-year 2023 financial and operating results after the market close.
- 01/23/2024
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3 Stocks to Watch From the Flourishing Railroad Industry
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 01/19/2024
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Is a Beat in Store for Canadian National (CNI) in Q4 Earnings?
- Canadian National (CNI) fourth-quarter 2023 revenues are expected to have been weighed down by lower volumes of intermodal, crude oil and forest products.
- 01/16/2024
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Canadian National (CNI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- CN (CNI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/16/2024
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Should You Buy Canadian National (CNI) Ahead of Earnings?
- Canadian National (CNI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/16/2024
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Here's Why Investors May Bet on Canadian National (CNI) Now
- Shareholder-friendly measures and low expenses boost Canadian National (CNI).
- 01/09/2024
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3 Stocks With Strong Tailwinds In 2024
- There are many uncertainties about 2024 and the direction the economy is going to go. Yet, I see three tailwinds that should in any case help three stocks. In three different industries, with no mention of AI, I see three interesting picks I want to share with my readers.
- 01/08/2024
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How I Beat The Market Again In 2023
- I express frustration with the constant negativity surrounding the idea that beating the market is impossible for the average investor. I share my personal success in beating the market in 2023, with a time-weighted return of 28.02%. I emphasize the importance of buying high-quality companies at fair prices and holding them for the long term, while also highlighting the power of compounding dividends.
- 01/05/2024
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CN to Report Fourth-Quarter and Full-Year 2023 Financial and Operating Results on January 23, 2024
- MONTREAL, Jan. 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2023 financial and operating results after the market close on January 23, 2024.
- 01/05/2024
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12 Stocks I Hope To Buy If The Market Crashes
- I've been stockpiling cash for real estate transactions and not actively buying stocks in the market. I aim to have a cash position for the next bear market and am not finding many attractive buying opportunities currently. Here's my list of high conviction long-term bullish picks that I'd like to buy during a market downturn.
- 12/15/2023
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Canadian National (CNI) to Expand Via Iowa Northern Buyout
- A decision from STB on Canadian National's (CNI) buyout of Iowa Northern is expected next year.
- 12/07/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of December 3
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 12/03/2023
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Why I Made Big Changes To My Dividend Growth Portfolio
- I've made significant changes to my portfolio due to buying a new house and selling stocks from my portfolio to raise cash. My goal is to prioritize building a passive income stream, but I recognize the value of investing in a new home for improved quality of life. In this article, I discuss different options to pay for the new home, including taking out a mortgage or selling more stock if mortgage rates remain high.
- 11/29/2023
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Why Canadian National Railway Is The Only Railroad Able To Increase Buybacks
- Canadian National Railway Company's Q3 revenues decreased by 12% YoY, but the company expects flat to slightly negative growth going forward. The decrease in revenues was mainly due to lower fuel surcharge revenues resulting from lower fuel prices. Canadian National has the healthiest balance sheet in the industry and has been able to increase its share buyback program.
- 11/26/2023
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3 Railroad Stocks to Watch Amid the Industry Weakness
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 10/27/2023
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Canadian National (CNI) Q3 Earnings & Revenues Lag Estimates
- Canadian National (CNI) third-quarter 2023 revenues are hurt by lower fuel surcharge revenues.
- 10/25/2023
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Canadian National Railway Company (CNI) Q3 2023 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q3 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Stacy Alderson - Assistant VP, IR Tracy Robinson - President and CEO Ed Harris - COO Doug MacDonald - CMO Ghislain Houle - CFO Conference Call Participants James McGarragle - RBC Capital Markets Brandon Oglenski - Barclays Cherilyn Radbourne - TD Cowen Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research David Vernon - Bernstein Konark Gupta - Scotiabank Fadi Chamoun - BMO Ken Hoexter - Bank of America Benoit Poirier - Desjardins Chris Wetherbee - Citigroup Steve Hansen - Raymond James Justin Long - Stephens Kevin Chiang - CIBC Operator Good afternoon. My name is Julianne, and I will be your operator today.
- 10/24/2023
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Canadian National (CNI) Q3 Earnings and Revenues Lag Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.63 per share a year ago.
- 10/24/2023
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What's in Store for Canadian National (CNI) in Q3 Earnings?
- Canadian National's (CNI) third-quarter 2023 earnings and revenues are likely to have plunged year over year.
- 10/17/2023
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Analysts Estimate Canadian National (CNI) to Report a Decline in Earnings: What to Look Out for
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2023
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Canadian National Railway: Why I've Been Buying This Wide Moat Compounder
- Over time, I've shifted my stock selection philosophy towards quality over value, focusing on companies with moats that reliably compound their bottom lines. Class-1 railroads, such as Canadian National Railway, are highlighted as having wide competitive moats and predictable growth due to consolidation and high barriers to entry. I've been buying shares of CNI during its recent sell-off, believing that it has the potential to generate a 20% total return CAGR over the next few years.
- 10/13/2023
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New Strong Sell Stocks for October 13th
- DAL, CNI and FWRD have been added to the Zacks Rank #5 (Strong Sell) List on October 13, 2023.
- 10/13/2023
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Low Mississippi water levels spark concern for farmers, could divert grain shipments to rail and truck
- With farmers and the barge industry again grappling with low Mississippi River water levels, grain shipments could be shifted to rail and truck, according to TD Cowen.
- 10/05/2023
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Canadian National Railway hit by major system outage, stranding passengers in Toronto's downtown core
- A major system outage affected some of the busiest rail routes in Canada on Tuesday afternoon. Toronto commuters experienced extensive rush-hour disruptions as the city's regional rail system grappled with a "network-wide system failure.
- 10/03/2023
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Ticking Time Bombs: 3 Transportation Stocks to Dump Before the Damage Is Done
- While up on the year, transportation stocks continue to trail the market. The S&P Transportation Index is up 10% in 2023, but over five years, the index is up only 12%.
- 09/27/2023
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Here's Why Investors Should Hold Canadian National (CNI) Now
- Investor-friendly steps and solid liquidity boost Canadian National (CNI).
- 09/22/2023
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CN (CNI) Soars 3.8%: Is Further Upside Left in the Stock?
- CN (CNI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 09/15/2023
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CSX Appoints Mike Cory as Its Chief Operating Officer
- Mike Cory, the newly hired COO of CSX, is a seasoned railroad executive with more than 40 years of operations experience.
- 09/11/2023
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Buying More Of Canadian National
- In this article, we will look at the current situation of Canadian National Railway. We keep on using Warren Buffett's investing criteria to assess publicly traded railroads, which made us found Canadian National to have the best overall scores. Declining rail traffic and Canadian National has lost almost 10% YtD, which is unusual for the stock.
- 09/10/2023
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The 3 Best Transportation Stocks to Buy Now: September 2023
- Transportation is a classic contender in the investment realm that often goes unnoticed. It might not have the glitz of newer sectors, but it stitches together over 5% of the U.S. GDP, translating to $1.3 trillion annually.
- 09/09/2023
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Low water levels along Mississippi River again present an opportunity for railroads, says analyst
- Low water levels along the Mississippi River can mean a headache for the barge industry, but present opportunities for railroads, according to Raymond James analyst Patrick Tyler Brown.
- 09/08/2023
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The 3 Best Railroad Stocks to Buy Now: September 2023
- Railroad stocks are often under-appreciated, despite delivering strong top-line and EPS growth over the last decade. While the industry faces macroeconomic uncertainties, investors should take a look at the best railroad stocks to buy.
- 09/08/2023
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Riding Canadian National Railway
- I review my investment in Canadian National Railway and decide not to buy more or sell due to available alternatives. The company's revenue, operating income, and net income have increased, but debt has also increased by nearly 18%. The stock is currently cheaper than when I last purchased, but the analyst community's optimistic forecast and lower dividend yield concern me.
- 09/08/2023
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3 Dividend Stocks Likely to Hold Up No Matter the Market Conditions
- American Tower's leadership position in its market gives it an advantage amid the ongoing mobile data boom. Canadian National's three-coast advantage creates a durable moat that is nearly impenetrable.
- 08/27/2023
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Why Is CN (CNI) Down 4.8% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 08/24/2023
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Here's Why Investors Should Hold Canadian National (CNI) Now
- Dividend payout and strong liquidity boost Canadian National (CNI).
- 08/18/2023
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3 Railroad Stocks to Watch Amid the Industry Weakness
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CSX and USDP, which investors might consider keeping on their radar.
- 08/04/2023
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Get Out Now! 7 Stocks to Dump After Sorry Q2 Earnings
- Second-quarter earnings continue and, so far, the results have been pretty good, but there are some stocks to dump because they didn't pull their weight. According to FactSet, 80% of companies listed on the benchmark S&P 500 index have reported better than expected earnings per share, and 64% have reported revenue that was higher than forecast.
- 08/03/2023
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4 Stocks to Watch on Their Recent Dividend Hikes
- A financial advisor can help you understand the advantages and disadvantages of investment properties.
- 07/29/2023
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4 Stocks to Watch on Their Recent Dividend Hikes
- Investors may keep a tab on stocks like RCI, STE, AMP and CNI, which have lately hiked their dividend payments.
- 07/28/2023
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Canadian National (CNI) Q2 Earnings & Revenues Lag Estimates
- Canadian National's (CNI) second-quarter 2023 earnings and revenues decrease year over year.
- 07/27/2023
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Canadian National Railway Company (CNI) Q2 2023 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q2 2023 Earnings Call Transcript July 25, 2023 4:30 PM ET Company Participants Stacy Alderson - Interim Assistant VP, IR Tracy Robinson - President and CEO Ed Harris - COO Doug MacDonald - CMO Ghislain Houle - CFO Conference Call Participants Cherilyn Radbourne - TD Cowen Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets David Vernon - Bernstein Fadi Chamoun - BMO Capital Markets Chris Wetherbee - Citigroup Ken Hoexter - Bank of America Benoit Poirier - Desjardins Capital Markets Tom Wadewitz - UBS Konark Gupta - Scotiabank Amit Mehrotra - Deutsche Bank Brian Ossenbeck - JPMorgan Steve Hansen - Raymond James Justin Long - Stephens Brandon Oglenski - Barclays John Chappell - Evercore Operator Good afternoon. My name is Emma, and I will be your conference operator today.
- 07/25/2023
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Canadian National (CNI) Misses Q2 Earnings and Revenue Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.51 per share a year ago.
- 07/25/2023
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CN to Report Second-Quarter 2023 Financial and Operating Results Today
- MONTREAL, July 25, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2023 financial and operating results after the market close.
- 07/25/2023
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Why Canadian National (CNI) is a Great Dividend Stock Right Now
- Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream.
- 07/11/2023
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Why Canadian National (CNI) is a Great Dividend Stock Right Now
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 07/11/2023
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CN to Report Second-Quarter 2023 Financial and Operating Results on July 25, 2023
- MONTREAL, July 07, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2023 financial and operating results after the market close on July 25, 2023.
- 07/07/2023
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Here's Why You Should Retain Canadian National (CNI) Now
- Pro-investor steps and sound freight demand boost Canadian National (CNI). However, escalating operating expenses are worrisome.
- 06/26/2023
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Rail Stocks Have Had a Rough Ride. Why the Catch-Up May Be Here.
- Evercore ISI's Jonathan Chappell argues that by 2024 the major rails should be outperforming. That includes even Norfolk Southern, with its derailment issues.
- 06/23/2023
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Railroad Stocks Look Ready to Roll Again, Says Analyst
- After years outperforming the market, freight-rail stocks Norfolk Southern, Union Pacific, Canadian National, Canadian Pacific, and CSX have stalled. The engine could start up again.
- 06/20/2023
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4 Industrial Stocks Sarah Ketterer Likes
- Causeway Capital Management, the Los Angeles-based firm founded by Sarah Ketterer (Trades, Portfolio) and Harry Hartford in 2001, seeks to achieve superior risk-adjusted returns by investing in mispriced equities in both developed as well as emerging markets.
- 06/15/2023
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Are Railroad Companies Becoming More Employee Friendly?
- Here we pick four railroad stocks, Union Pacific (UNP), Canadian National (CNI), Norfolk Southern (NSC) and CSX Corporation (CSX), which have recently entered into collective deals with the unions.
- 05/31/2023
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Canadian National's (CNI) Agreement With TCRC Gets Ratified
- The latest deal ratification between Canadian National (CNI) and Teamsters Canada Rail Conference marks the former's favorable terms with unions.
- 05/29/2023
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Canadian National: Riding The Rails Of Profit
- In this article, we go over the full operating and financial history of the company from 2012 to 2022. We will look at how the company has been executing in terms of efficiency.
- 05/28/2023
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Why Is CN (CNI) Down 2.5% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 05/24/2023
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Here's Why You Should Hold Canadian National (CNI) for Now
- Solid freight demand and strong 2023 earnings outlook aid Canadian National (CNI). However, liquidity is worrisome.
- 05/22/2023
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10 Dividend Growth Stocks For May 2022
- Welcome to another edition of my monthly series presenting 10 high-quality picks in Dividend Radar. I use different screens every month to focus on different aspects of dividend growth investing.
- 05/17/2023
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Tracy Robinson and CN Leaders to Address Investor Conferences on May 17 and 18
- MONTREAL, May 11, 2023 (GLOBE NEWSWIRE) -- Tracy Robinson and CN leaders (TSX: CNR) (NYSE: CNI), to address upcoming conferences:
- 05/11/2023
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7 Transportation Stocks to Buy for Big, Long-Term Gains
- Transportation isn't new or exciting. It's about as far away from A.I.
- 05/06/2023
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Top Infrastructure Stocks - From An Engineer's Perspective
- Infrastructure is crucial to the evolution of our modern world. American Tower, Union Pacific, and DTE Energy are some of the most important companies for the future.
- 05/05/2023
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CN to Webcast 2023 Investor Day on May 3
- MONTREAL, April 26, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today it will webcast its Investor Day presentations to investors and analysts in Chicago on May 3, 2023.
- 04/26/2023
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Canadian National (CNI) Q1 Earnings & Revenues Top Estimates
- Canadian National's (CNI) first-quarter 2023 earnings and revenues increase year over year.
- 04/25/2023
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3 railroads team up to better compete with CPKC to serve Mexico
- OMAHA, Neb. — Three major freight railroads responded Monday to the Canadian Pacific-Kansas City Southern merger with an agreement to work together on a competing service to carry shipments across North America.
- 04/24/2023
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Canadian National Railway Co (CNI) Q1 2023 Earnings Call Transcript
- Canadian National Railway Co (CNI) Q1 2023 Earnings Call Transcript.
- 04/24/2023
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Canadian National (CNI) Surpasses Q1 Earnings and Revenue Estimates
- Canadian National (CNI) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.04 per share a year ago.
- 04/24/2023
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CN to Report First-Quarter 2023 Financial and Operating Results Today
- MONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2023 financial and operating results after the market close.
- 04/24/2023
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12 Dividend Aristocrats That Should Leave You Swimming In Cash
- 12 Dividend Aristocrats That Should Leave You Swimming In Cash.
- 04/22/2023
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Why Canadian National (CNI) Might Surprise This Earnings Season
- Canadian National (CNI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/20/2023
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Is a Beat in Store for Canadian National's (CNI) Q1 Earnings?
- Canadian National's (CNI) first-quarter 2023 revenues are likely to have benefited from higher fuel surcharge revenues, freight rate increases and rising volumes of Canadian grain.
- 04/17/2023
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CN to Report First-Quarter 2023 Financial and Operating Results on April 24, 2023
- MONTREAL, April 06, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2023 financial and operating results after the market close on April 24, 2023.
- 04/06/2023
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Canadian National (CNI), Unifor Sign Tentative Collective Deals
- The announcement of new tentative collective deals with Unifor marks Canadian National's (CNI) favorable terms with unions.
- 03/21/2023
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Why You Should Retain Canadian National (CNI) Stock Now
- Impressive freight demand and solid pricing boost Canadian National (CNI).
- 03/21/2023
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U.S. regulators approve first major railroad merger in more than two decades
- The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, was approved by federal regulators Wednesday.
- 03/15/2023
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Regulators OK Canadian Pacific-Kansas City Southern merger
- This story is developing. The Surface Transportation Board has approved, with conditions, Canadian Pacific's plans to merge with Kansas City Southern, paving the way for CP to take control of KCS as early as April 14.
- 03/15/2023
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Why Canadian National (CNI) is a Top Dividend Stock for Your Portfolio
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 03/13/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of March 5
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 03/05/2023
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32 Upcoming Dividend Increases Including 2 Dividend Kings
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8.3% and a median increase of 8.1%.
- 03/02/2023
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Canadian National Railway: Stock Price Is Off The Rails
- The Canadian National Railway Company is widely considered one of the largest and most successful rail companies in North America. Over the years, CNI has built a robust track record of growth and profitability, with consistent revenue and free cash flow growth over the past decade.
- 02/28/2023
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Why Is CN (CNI) Down 2.4% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 02/23/2023
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Ohio Train Disaster: What does it mean for the industry?
- A massive train derailment in Ohio sent hazardous fumes into the atmosphere. Norfolk Southern is at the center of the disaster - how will the stock react?
- 02/16/2023
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Tracy Robinson and Ghislain Houle to Address Investor Conferences on February 21 and 22
- MONTREAL, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Tracy Robinson and Ghislain Houle (TSX: CNR) (NYSE: CNI), will address two investor conferences in February:
- 02/14/2023
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Canada's Finest: High Yield, High Growth Dividend Picks
- In this article, we explore the potential for dividend (growth) investment opportunities in Canada. I picked three of my favorites, which include one energy company, one industrial stock, and one regulated electric utility.
- 02/14/2023
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Ride These Railroad Stocks for Growth and Income
- For railroad stocks, it's the sound of escaping 2022 relatively unscathed. The group's 8% decline paled in comparison to S&P 500's 19% slide.
- 01/28/2023
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Canadian National (CNI) Stock Down 2.5% on Q4 Earnings Miss
- Canadian National's (CNI) fourth-quarter 2022 earnings and revenues increase year over year.
- 01/27/2023
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Canadian National Railway Co (CNI) Q4 2022 Earnings Call Transcript
- Canadian National Railway Co (NYSE:CNI ) Q4 2022 Earnings Conference Call January 24, 2023 4:30 PM ET Company Participants Paul Butcher - VP, IR Tracy Robinson - President, CEO & Director Edmond Harris - EVP & COO Doug MacDonald - EVP & CMO Ghislain Houle - EVP & CFO Conference Call Participants Christian Wetherbee - Citigroup Konark Gupta - Scotiabank Thomas Wadewitz - UBS Brian Ossenbeck - JPMorgan Chase & Co. Fadi Chamoun - BMO Capital Markets Justin Long - Stephens Inc. Ariel Rosa - Crédit Suisse Brandon Oglenski - Barclays Bank Benoit Poirier - Desjardins Securities Jonathan Chappell - Evercore ISI Amit Mehrotra - Deutsche Bank Cherilyn Radbourne - TD Securities Kenneth Hoexter - Bank of America Merrill Lynch Steven Hansen - Raymond James Ravi Shanker - Morgan Stanley David Vernon - Sanford C. Bernstein & Co. Walter Spracklin - RBC Capital Markets Scott Group - Wolfe Research Jason Seidl - Cowen and Company Operator Good afternoon.
- 01/24/2023
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Canadian National (CNI) Q4 Earnings Lag Estimates
- CN (CNI) delivered earnings and revenue surprises of -0.64% and 0.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/24/2023
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CN to Report Fourth-Quarter and Full-Year 2022 Financial and Operating Results Today
- MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2022 financial and operating results after the market close.
- 01/24/2023
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Is a Beat in Store for Canadian National (CNI) in Q4 Earnings?
- Freight revenues are likely to have been high at Canadian National (CNI) in fourth-quarter 2022.
- 01/17/2023
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Will CN (CNI) Beat Estimates Again in Its Next Earnings Report?
- CN (CNI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/13/2023
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Collaboration must be key for railroads to thrive, experts say
- WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that's through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at the Transportation Research Board annual meeting this week. One idea that continues to be discussed is that infrastructure investors are interested in developing giant rail industrial parks in North America, said James Miller, a partner with Deloitte Canada, during a Wednesday session.
- 01/12/2023
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CN to Report Fourth-Quarter and Full-Year 2022 Financial and Operating Results on January 24, 2023
- MONTREAL, Jan. 09, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2022 financial and operating results after the market close on January 24, 2023.
- 01/09/2023
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4 Class I railroads seek stay of federal order for rate disputes
- Four Class I railroads want the Surface Transportation Board to pause the implementation of an arbitration program to resolve rail rate disputes involving smaller financial amounts. CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and the U.S. subsidiaries of Canadian railway CN (NYSE: CNI) argue that STB's deadline for the Class I railroads to commit to a five-year arbitration program as prescribed in STB's December order is too soon.
- 01/06/2023
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These Were the 10 Favorite Hedge Fund Stocks in Q3 2022
- Hedge funds are known to be smart investors; thus, many equity investors are always eager to know what stocks they are investing in.
- 12/27/2022
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Watch these rail stocks in 2023, says Evercore
- An analyst firm has come out with some rail stocks to watch in 2023, now that concerns about a disruptive strike have ebbed. President Joe Biden signed a bill earlier this month imposing a deal on rail-freight workers.
- 12/20/2022
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Class I railroads earn environmental accolades
- A number of Class I railroads have recently earned recognition for efforts to follow guidelines promoting environmental, social and governance (ESG) values. Rail technology provider Wabtec also received accolades for its battery-electric locomotives.
- 12/13/2022
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Full Steam Ahead: Freight Railroads Likely To Return To Service For The Holidays
- There has been a threat of a freight railroad strike since early September. Railroads offer a unique combination of fuel efficiency and capacity, and there is no perfect substitute (especially with the current truck driver shortage).
- 11/29/2022
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CN (CNI) Up 5.9% Since Last Earnings Report: Can It Continue?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 11/24/2022
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5 Stocks Promising Abundant Gains This Thanksgiving Week
- Consumer spending is likely to reach $125 billion, up 10% year over year, this Thanksgiving weekend despite higher inflation and higher interest rates.
- 11/22/2022
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Why I Want To Buy Canadian National Railway Company
- Canadian National Railway Company announced its partnership with Union Pacific and Norfolk Southern. The company reported earnings above expectation.
- 11/17/2022
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Buying High-Quality Dividends With Canadian National
- Canadian National is a great railroad with a conservative business model, allowing it to generate high and steady free cash flow. The company has a decent yield and a history of consistent and high dividend growth.
- 11/10/2022
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Canadian National (CNI) Stock Up 3.4% Since Q3 Earnings Beat
- Canadian National (CNI) third-quarter 2022 earnings and revenues increase year over year.
- 10/27/2022
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CN upbeat about prospects heading into new year
- Grain, coal, potash poised to support railway in Q4 and into 2023
- 10/26/2022
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Canadian National (CNI) Q3 Earnings and Revenues Top Estimates
- CN (CNI) delivered earnings and revenue surprises of 7.95% and 7.64%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/25/2022
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Canadian National Railway Company (CNI) Q3 2022 Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q3 2022 Earnings Conference Call October 25, 2022 4:30 PM ET Company Participants Paul Butcher - Vice President of Investor Relations Tracy Robinson - President & Chief Executive Officer Rob Reilly - Chief Operating Officer Doug MacDonald - Chief Marketing Officer Ghislain Houle - Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America David Vernon - Bernstein Konark Gupta - Scotiabank Chris Wetherbee - Citi Cherilyn Radbourne - TD Securities Fadi Chamoun - BMO Brian Ossenbeck - JPMorgan Benoit Poirier - Desjardins Capital Markets Amit Mehrotra - Deutsche Bank Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Steven Hansen - Raymond James Jon Chappell - Evercore Ari Rosa - Credit Suisse Brandon Oglenski - Barclays Justin Long - Stephens Ravi Shanker - Morgan Stanley Jeff Kauffman - Vertical Research Partners Operator Good afternoon. My name is Abby, and I will be your operator today.
- 10/25/2022
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Canadian National Railway, Unifor begin talks for new labor contract
- Canada's largest union Unifor said on Wednesday it has started negotiations with Canadian National Railway Co over a new contract that covers more than 3,500 workers.
- 10/19/2022
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CSX to Report Q3 Earnings: Will It Surpass Expectations?
- CSX third-quarter 2022 revenues are expected to have benefited from segmental strength.
- 10/12/2022
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Canadian National (CNI) is a Top Dividend Stock Right Now: Should You Buy?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 10/12/2022
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CN, electrical workers union agree to labor contract
- Canadian railway CN and the Canadian branch of the International Brotherhood of Electrical Workers (IBEW) have a new labor contract at hand after having completed arbitration. IBEW had threatened to go on strike at CN's Canadian operations in June.
- 10/12/2022
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Looking At Railroads Like Buffett: Canadian National Railway
- This is the first episode of a series that wants to cover the railroad industry. The series will try to use the assessing lens of Warren Buffett as we can learn from his letters to Berkshire shareholders how he views BNSF.
- 10/07/2022
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CN adding power, equipment and crews to prep for winter
- CN will deploy additional power and equipment to ensure rail operations continue smoothly through the winter, the Canadian railway said in its 2022-23 winter plan released this week. Both CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are required by the Canadian government to detail how they expect to handle operations amid the extreme cold, heavy snowfall and sometimes heavy rainfall that can occur from November through March.
- 10/06/2022
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Canadian National Railway: A Quality Dividend Stock At A Historically Attractive Price
- The railroad business boasts multiple moats, which allows railroad companies to operate at high margins and return a lot of capital to shareholders. Based on various metrics, I believe that Canadian National Railway is the most stable railroad stock out there.
- 10/05/2022
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Canadian National (CNI) Could Be a Great Choice
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 09/26/2022
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Canadian National (CNI) Signs MoU for Clean Energy Terminal
- Canadian National (CNI) announces the signing of MoU with Keyera to open a clean energy terminal solution in the Alberta Industrial Heartland. It expects to aid Alberta and the Canadian economy.
- 08/22/2022
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Sarah Ketterer Opens Wells Fargo Stake, Boosts Canadian National Railway
- Causeway Capital Management leader Sarah Ketterer (Trades, Portfolio) disclosed her second-quarter portfolio earlier this week.
- 08/18/2022
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Canadian National (CNI) Stock Up 7.1% on Q2 Earnings Beat
- Canadian National (CNI) second-quarter 2022 earnings and revenues increase year over year.
- 08/04/2022
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CN upbeat on 2nd half of 2022 despite macro uncertainties
- Despite looming economic uncertainties in the second half of 2022, Canadian railway CN expects volume gains in grain and brisk intermodal activity to support the railway in the back half of the year, according to executives on CN's second-quarter 2022 earnings call. “We continue to assume low-single-digit [revenue ton mile] growth for the year.
- 07/27/2022
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Canadian National Railway Company (CNI) CEO Tracy Robinson on Q2 2022 Results - Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI ) Q2 2022 Results Conference Call July 26, 2022 4:30 PM ET Company Participants Paul Butcher - VP, IR Tracy Robinson - President, CEO Rob Reilly - COO Doug MacDonald - CMO Ghislain Houle - CFO Conference Call Participants Amit Mehrotra - Deutsche Bank Bascome Majors - Susquehanna Benoit Poirier - Desjardins Capital Markets Brandon Oglenski - Barclays Brian Ossenbeck - JPMorgan Chris Wetherbee - Citi David Vernon - Bernstein Fadi Chamoun - BMO Jason Seidl - Cowen Jeff Kauffman - Vertical Research Partners John Chappell - Evercore Justin Long - Stephens Ken Hoexter - Bank of America Konark Gupta - Scotiabank Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Steven Hansen - Raymond James Tom Wadewitz - UBS Walter Spracklin - RBC Capital Markets Ari Rosa - Credit Suisse Operator Good afternoon. My name is Julianne, and I will be your operator today.
- 07/26/2022
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Canadian National (CNI) Tops Q2 Earnings and Revenue Estimates
- CN (CNI) delivered earnings and revenue surprises of 10.22% and 7.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/26/2022
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Railroads Are a Solid Defensive Investment
- Investing in the current environment is challenging, and there is really no other way of putting it. There are substantial macroeconomic headwinds that threaten to hit growth and curb investment plans, which will have knock-on effects on other industries.
- 07/19/2022
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Canadian National (CNI) Reports Next Week: Wall Street Expects Earnings Growth
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/19/2022
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Are You Looking for a High-Growth Dividend Stock?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 07/15/2022
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CN to Report Second-Quarter 2022 Financial and Operating Results on July 26, 2022
- MONTREAL, July 11, 2022 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2022 financial and operating results after the market close on July 26, 2022.
- 07/11/2022
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Canadian National (CNI) Announces Termination of IBEW-Led Strike
- Announcement of the termination of IBEW-Led strikes brings a sense of relief for Canadian National Railway Company (CNI).
- 07/05/2022
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Why Canadian National (CNI) is a Great Dividend Stock Right Now
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 06/29/2022
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CN plans capital investments in Illinois, Tennessee, 2 Canada provinces
- Canadian railway CN has announced another $355 million in capital investments in two provinces and two U.S. states, bringing the total to $1.67 billion for 2022. In 2021, CN (NYSE: CNI) dedicated CA$2.9 billion (US$2.25 billion) for capital expenditures, according to its 2021 annual report.
- 06/27/2022
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CN to invest more than $130M in Manitoba and Nova Scotia
- Canadian railway CN has announced CA$175 million (US$136 million) in capital investments for its railways in Manitoba and Nova Scotia on top of $1.52 billion already announced for four provinces: Alberta, British Columbia, Ontario and Quebec. Overall, CN (NYSE: CNI) has committed nearly $1.7 billion to six provinces in 2022.
- 06/25/2022
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IBEW-Led Strike Leaves Zero Effect on Canadian National (CNI)
- Canadian National's (CNI) operational contingency plan allows it to maintain the normalcy of operations despite the current turbulence.
- 06/21/2022
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CN investing over $500MM in British Columbia, Quebec
- Canadian railway CN intends to invest CA$725 million (US$560 million) in capital projects in British Columbia and Quebec. CN (NYSE: CNI) says the investments will go toward network improvements, technology, rolling stock units and decarbonization initiatives.
- 06/21/2022
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CN confirms IBEW members are on strike
- Canadian railway CN says operations are continuing after members of the International Brotherhood of Electrical Workers (IBEW) went on strike Saturday. CN (NYSE: CNI) has deployed a contingency plan that allows it to maintain a normal level of safe rail operations across Canada and serve its customers for as long as required, the railway said Monday.
- 06/20/2022
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Canadian National (CNI) Gets 72-Hour Strike Notice From IBEW
- Canadian National (CNI) receives a 72-hour strike notice from the IBEW, mainly on pay and benefit-related issues.
- 06/16/2022
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Canadian National: A Conservative Dividend Growth Gem
- Canadian National has been struggling to keep up with its peers over the past 10 years as it faced difficulties improving operating efficiencies. However, the company is back as growth is expected to accelerate, leading to higher dividend growth - just as its valuation is getting more attractive.
- 06/16/2022
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Workers at Canadian National Railway threaten to strike
- Canadian National Railway Co said on Wednesday a union representing about 750 workers in the country could potentially go on a strike on June 18.
- 06/15/2022
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Here's Why You Should Hold Canadian National (CNI) Stock Now
- Canadian National (CNI) rides on decreased labor expenses and high freight demand. A weak balance sheet is, however, a downside.
- 06/13/2022
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Why Canadian National (CNI) is a Top Dividend Stock for Your Portfolio
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 06/13/2022
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CN to utilize new Wabtec software providing network visibility
- Canadian railway CN will be using new and advanced software from rail technology provider Wabtec that both parties say could be a major step toward network automation for the rail industry. The software, called precision dispatch system, collects and analyzes data from all rolling stock, wayside device assets and positive train control in order to monitor network conditions and provide network visibility.
- 06/06/2022
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Why Is CN (CNI) Down 9.2% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 05/26/2022
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Canadian National (CNI) is a Top Dividend Stock Right Now: Should You Buy?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 05/26/2022
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Sarah Ketterer Dumps Credicorp, Reinforces Canadian National Railway
- Sarah Ketterer (Trades, Portfolio), the CEO and fundamental portfolio manager of Causeway Capital Management, recently released the firm's 13F portfolio updates for the first quarter of 2022, which ended on March 31.
- 05/17/2022
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Are You Looking for a High-Growth Dividend Stock? Canadian National (CNI) Could Be a Great Choice
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Canadian National (CNI) have what it takes?
- 05/10/2022
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ALSMY vs. CNI: Which Stock Is the Better Value Option?
- ALSMY vs. CNI: Which Stock Is the Better Value Option?
- 05/03/2022
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Canadian National (CNI) Shares Dip 2% on Q1 Earnings Miss
- Canadian National's (CNI) Q1 results are hurt by supply chain disruptions and severe winter conditions. However, higher freight revenues boost performance.
- 04/27/2022
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Canadian National Railway Co (CNI) CEO Tracy Robinson on Q1 2022 Results - Earnings Call Transcript
- Canadian National Railway Co (NYSE:CNI ) Q1 2022 Earnings Conference Call April 26, 2022 4:30 PM ET Company Participants Paul Butcher - VP, IR Tracy Robinson - President, CEO & Director Robert Reilly - EVP & COO Doug MacDonald - SVP & Office, the President & CEO, Special Projects Ghislain Houle - EVP & CFO Conference Call Participants Jonathan Chappell - Evercore ISI Konark Gupta - Scotiabank Kenneth Hoexter - Bank of America Merrill Lynch Brian Ossenbeck - JPMorgan Chase & Co. Cherilyn Radbourne - TD Securities Christian Wetherbee - Citigroup Amit Mehrotra - Deutsche Bank Walter Spracklin - RBC Capital Markets David Vernon - Sanford C. Bernstein & Co. Scott Group - Wolfe Research Steven Hansen - Raymond James Thomas Wadewitz - UBS Justin Long - Stephens Inc. Brandon Oglenski - Barclays Bank Ravi Shanker - Morgan Stanley Jason Seidl - Cowen and Company Benoit Poirier - Desjardins Securities Jeffrey Kauffman - Vertical Research Partners Operator Good afternoon.
- 04/26/2022
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Canadian National (CNI) Q1 Earnings Lag Estimates
- CN (CNI) delivered earnings and revenue surprises of -3.70% and 0.99%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/26/2022
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Canadian National (CNI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/19/2022
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Q1 rail earnings preview: Service metrics, headcount, macro uncertainties
- As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads' recent hiring initiatives will translate into improving service metrics in the second half of the year. However, a potential softening in freight transportation demand plus higher inflation rates are market factors that could weigh on the second half of 2022.
- 04/19/2022
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CN to Report First-Quarter 2022 Financial and Operating Results on April 26, 2022
- MONTREAL, April 04, 2022 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2022 financial and operating results after the market close on April 26, 2022.
- 04/04/2022
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Solid Liquidity Ups Canadian National (CNI) Despite Rising Costs
- Canadian National (CNI) banks on a strong balance sheet and shareholder-friendly measures. However, escalating expenses are worrisome.
- 03/28/2022
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Investing in Railroad Stocks
- A guide to the businesses that keep America rolling.
- 03/22/2022
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5 Industrials Stocks Sarah Ketterer Sees Value In
- Causeway Capital Management, the Los Angeles-based firm founded by Sarah Ketterer (Trades, Portfolio) and Harry Hartford in 2001, seeks to achieve superior risk-adjusted returns by investing in mispriced equities in both developed as well as emerging markets.
- 03/18/2022
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CN, other Class I railroads push back on CP-KCS merger
- Four Class I railroads say federal regulators should not approve Canadian Pacific's plan to merge with Kansas City Southern without any strings attached. The railroads say the Surface Transportation Board must first place conditions on CP that would ensure shipper competition, according to filings submitted this week.
- 03/02/2022
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Upcoming Ex-Dividend Dates: March 1-9, 2021
- Upcoming Ex-Dividend Dates: March 1-9, 2021
- 02/26/2022
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Canadian National's Dividend Is Getting Attractive
- Canadian National Railway is one of the few railroad stocks I do not own, yet its valuation and dividend yield have gotten interesting.
- 02/22/2022
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Sarah Ketterer Trims Alibaba, Invests in Canadian National Railway
- Sarah Ketterer (Trades, Portfolio), the CEO and fundamental portfolio manager of Causeway Capital Management, recently released the firm's 13F portfolio updates for the fourth quarter of 2021, which ended on Dec. 31.
- 02/21/2022
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STB asks competing lines to detail concessions sought on CP-KCS merger
- The Surface Transportation Board can't yet determine whether proposed remedies sought by BNSF and CN over potential operational impacts stemming from the Canadian Pacific–Kansas City Southern merger would be “minor” or “significant” transactions. The board defines minor transactions as those that “clearly” have no anticompetitive effects or those in which any such impacts are outweighed by the transaction's anticipated contribution to the public interest in meeting significant transportation needs.
- 02/21/2022
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Dividend Champions For February 2022
- Monthly update of the Dividend Champions List. 79 companies declared higher dividends in the past month, with an average increase of 10.71% over their previous payouts. One new King, one new Champion, ten new Contenders, and five new Challengers.
- 02/03/2022
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Canadian National (CNI) Q4 Earnings Beat, 2022 Outlook Upbeat
- Canadian National's (CNI) Q4 results benefit from lower operating expenses, higher freight rates and fuel surcharges. The company expects significant increase in adjusted earnings in 2022.
- 01/26/2022
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CN expects to benefit from vaccine mandate for cross-border truckers
- The driver shortage, which some observers say has exacerbated by the U.S. and Canadian vaccine mandates restricting truck drivers' cross-border movement, will benefit CN as current and prospective customers seek rail as a freight alternative to trucking, executives said during a call with investors late Tuesday afternoon to discuss fourth-quarter 2021 financial results. “The driver shortages and the lack of truck capacity are things that are boding well for us to pick up some volume” as the trucking market deals with the vaccine mandates, said Keith Reardon, CN senior vice president for the consumer product supply chain.
- 01/26/2022
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CN names Tracy Robinson as new president
- Former Canadian Pacific executive Tracy Robinson will be the next president and CEO of CN, the railway said in a late Tuesday announcement that coincided with CN's release of fourth-quarter 2021 earnings results. Robinson's appointment is effective Feb. 28, the day that current President and CEO JJ Ruest retires.
- 01/26/2022
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Canadian National Railway Company (CNI) CEO JJ Ruest on Q4 2021 Results - Earnings Call Transcript
- Canadian National Railway Company (CNI) CEO JJ Ruest on Q4 2021 Results - Earnings Call Transcript
- 01/25/2022
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Canadian National (CNI) Q4 Earnings and Revenues Surpass Estimates
- CN (CNI) delivered earnings and revenue surprises of 12.40% and 2.06%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/25/2022
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CN to Report Fourth-Quarter and Full-Year 2021 Financial and Operating Results Today
- MONTREAL, Jan. 25, 2022 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2021 financial and operating results today, January 25, 2022 after the market close.
- 01/25/2022
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Why Canadian National (CNI) Might Surprise This Earnings Season
- Canadian National (CNI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/20/2022
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Will CN (CNI) Beat Estimates Again in Its Next Earnings Report?
- CN (CNI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/14/2022
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CN to Report Fourth-Quarter and Full-Year 2021 Financial and Operating Results on January 25, 2022
- MONTREAL, Jan. 11, 2022 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2021 financial and operating results after the market close on January 25, 2022.
- 01/11/2022
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Wells Fargo Bumps Up Price Targets For Several Transportation Companies
- Wells Fargo analyst Allison Poliniak-Cusic raised price targets for several transportation companies. The analyst raised GATX Corp's (NYSE:GATX) price target to $120 (an upside of 18%) from $110 and maintained an Overweight rating on the shares.
- 01/10/2022
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9 Of The Largest M&A Deals From 2021: WarnerMedia+Discovery, Kansas City Southern+Canadian National And More
- Last year will go down with many records set in the investment world. A record number of companies went public via IPO, a record number of public listings happened in 2021, the SPDR S&P 500 ETF Trust (NYSE: SPY) hit record highs while the S&P 500 notched 70 record closings during the year.
- 01/04/2022
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My Top 10 Dividend Companies To Watch Out For In 2022
- Ten companies for the dividend investor across many different sectors with both high and low initial yields and a non-dividend payer to round off the list.
- 12/28/2021
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CN: Partnership with Google Cloud ups ante for integrating technology
- Earlier this month, Canadian railway CN announced that it would be working with Google Cloud via a seven-year partnership aimed at catapulting CN's current technological efforts into what CN calls “digital scheduled railroading” (DSR), or the next stage following precision scheduled railroading. CN (NYSE: CNI) says DSR will modernize the railway's technology infrastructure in the cloud and provide customers with improved visibility into the supply chain.
- 12/28/2021
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4 Railroad Stocks to Watch Out For Despite Industry's Near-Term Woes
- Persistent supply chain disruptions dull the Zacks Transportation - Rail industry's near-term prospects. However, strong freight demand being the saving grace, UNP, CNI, CSX and NSC are expected to gain.
- 12/27/2021
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Canadian rail potash pact, productivity rebound in British Columbia
- Canadian Pacific and CN provided export-related updates last week: Canadian Pacific renews relationship with potash producer Canpotex Canadian Pacific (NYSE: CP) has secured a seven-year contract with Canpotex to deliver export-bound potash. The contract, which runs through 2028, is a successor to the current 10-year agreement between CP and potash producer Canpotex that expires in 2022, CP said Thursday.
- 12/27/2021
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Canadian National (CNI) Stock Drops Yesterday: Here's Why
- Canadian National's (CNI) immediate objective is to find and announce a new CEO by January 2022.
- 12/21/2021
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CSX, CN get ‘A' on climate action, UP releases climate plan
- Environmental disclosure nonprofit CDP, formerly the Carbon Disclosure Project, on Tuesday released its list of companies leading the charge on climate change. Only 272 out of nearly 12,000 companies that disclosed information gained “A-lister” status for their efforts on climate.
- 12/07/2021
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CN to reopen route to Vancouver to limited traffic
- Canadian railway CN expects to reopen the Kamloops-Vancouver corridor to some traffic early Wednesday as the region recovers from last week's extensive flooding. “The situation in British Columbia continues to keep our crews engaged as they work to bring critical sections of the railway back into operation,” CN (NYSE: CNI) said in a statement provided to FreightWaves.
- 11/23/2021
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CP to resume Vancouver rail service Tuesday
- Canadian Pacific plans to restore service in British Columbia on Tuesday in a reprieve for the backlogged Port of Vancouver, which has been cut off from the rails for over a week following floods and landslides that devastated the province. CP (NYSE:CP) said Monday that it expects to reopen its railway from Kamloops to Vancouver by midday and will be working to “clear the backlogs as quickly and efficiently as possible.
- 11/22/2021
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Here's Why 1 Tech Stock Investor Bought Shares of This Railroad Company
- Diversification is important in investing, but it's not more important than knowing what you're invested in.
- 11/20/2021
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Is Canadian National a Buy After Its Unsuccessful Merger Attempt With Kansas City Southern?
- The company recently reported its third-quarter earnings.
- 11/03/2021
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Key Takeaways From Canadian National's Q3 Earnings Report
- After a recently failed merger, investors were on pins and needles.
- 11/03/2021
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After a Derailed Merger, Canadian National Gets Back on Track
- The railroad delivered a strong third-quarter report as the focus shifts back to operations.
- 10/21/2021
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Wells Fargo, Stephens See 4% Downside In Canadian National Railway
- Analysts raised the price target on Canadian National Railway (NYSE:CNI) after Q3 results. Wells Fargo analyst Allison Poliniak-Cusic raised the price target to $125 (implying a downside of 4.8%) from $118 and maintained an Equal Weight rating on the shares.
- 10/20/2021
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Canadian National Railway Company (CNI) CEO Jj Ruest on Q3 2021 - Earnings Conference Call
- Canadian National Railway Company (CNI) CEO Jj Ruest on Q3 2021 - Earnings Conference Call
- 10/19/2021
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Canadian National (CNI) Beats Q3 Earnings and Revenue Estimates
- CN (CNI) delivered earnings and revenue surprises of 8.04% and 2.92%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/19/2021
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Embattled CEO of Canadian railway CN to retire
- JJ Ruest will retire from his role as CEO of CN, effective in January 2022 or until a successor has been appointed, the Canadian railway announced late Tuesday. Ruest's departure comes as activist investor TCI Fund Management is pushing CN shareholders to consider installing former CN (NYSE: CNI) and former Union Pacific executive Jim Vena as CEO following CN's failed bid to acquire Kansas City Southern (NYSE: KSU).
- 10/19/2021
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CN leadership has to go, activist investor insists
- Activist investor TCI Fund Management is courting shareholders of Canadian railway CN with a plan that TCI says would refocus the railway to achieve operational excellence while touting the environmental benefits of using railroads over trucks. That plan, unveiled Monday, continues to advocate replacing CN CEO JJ Ruest with former CN (NYSE: CNI) and Union Pacific (NYSE: UNP) executive Jim Vena, as well as replacing four board members with industry veterans — Gilbert Lamphere, Allison Landry, Rob Knight and Paul Miller — who TCI says have operations experience.
- 10/19/2021
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CN to Report Third-Quarter 2021 Financial and Operating Results Today
- MONTREAL, Oct. 19, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2021 financial and operating results today, October 19, 2021 after the market close.
- 10/19/2021
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Earnings Outlook For Canadian National Railway
- CNI is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.
- 10/18/2021
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Canadian National (CNI) Stock Up 5.3% in the First Nine Months
- Strong grain movement and impressive shareholder-friendly measures boost Canadian National (CNI) stock.
- 10/15/2021
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Dividend Growth Stock Watchlist - October 2021
- There are 25 stocks on my dividend growth watchlist for October 2021. Six of the stocks on my watchlist are currently undervalued based on dividend yield theory.
- 10/15/2021
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Canadian National (CNI) Reports Next Week: Wall Street Expects Earnings Growth
- CN (CNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/12/2021
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Railroads Save Fuel
- Railroads are about 4 times more fuel efficient than trucks with respect to moving freight. Railroads keep getting even more fuel efficient over time.
- 10/07/2021
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TCI Ensures Shareholders Will Have Opportunity to Hold CN Board Accountable and Create Necessary Change at the Company
- Reiterates Need for Board and CEO Change at CN Emphasizes Qualifications of Four Independent, Highly-skilled Director Candidates Sets the Record Straight on Inaccurate Claims from CN Board LONDON, Oct. 5, 2021 /PRNewswire/ -- Long-term shareholders CIFF Capital UK LP and The Children's Investment Master Fund, acting by their investment manager TCI Fund Management Limited (CIFF Capital UK LP, The Children's Investment Master Fund and TCI Fund Management Limited, together, "TCI"), confirmed it will nominate four independent Directors to the Canadian National Railway Company (TSX:CNR)(NYSE:CNI) ("CN" or the "Company") Board of Directors (the "Board") at the Company's special meeting of shareholders (the "Special Meeting") scheduled for March 22, 2022. As a long-term CN shareholder, TCI is fully committed to the future health and performance of the Company and is acting to enhance value for all CN shareholders.
- 10/05/2021
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CN to Report Third-Quarter 2021 Financial and Operating Results on October 19, 2021
- MONTREAL, Oct. 05, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2021 financial and operating results after the market close on October 19, 2021.
- 10/05/2021
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CN, Canadian Pacific foresee lower grain volumes, colder-than-normal winter
- Colder weather and lower grain volumes are just some of the issues that Canadian railways CN and Canadian Pacific anticipate as winter approaches, according to the winter operational plans that both submitted to the Canadian government. The railways are required to submit the plans under the Canada Transportation Act.
- 10/04/2021
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CN Announces Special Meeting of Shareholders on March 22, 2022
- Focused on executing on growth and value creation strategy despite TCI's inappropriate attempts to seize effective control of the company Focused on executing on growth and value creation strategy despite TCI's inappropriate attempts to seize effective control of the company
- 10/04/2021
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TCI Funds Raises Serious Concerns About Integrity of Canadian National Board and Its Commitment to Good Corporate Governance
- Questions Egregious Breach by CN of Timely Disclosure Regarding Julie Godin's Resignation from Company Board of Directors LONDON, Sept. 29, 2021 /PRNewswire/ -- TCI Fund Management Limited, on behalf of itself and as investment manager of long-term shareholders CIFF Capital UK LP and The Children's Investment Master Fund (TCI Fund Management Limited, CIFF Capital UK LP and The Children's Investment Master Fund are referred to collectively as "TCI"), today delivered the following letter to the Board of Directors (the "Board") of Canadian National Railway Company (TSX: CNR) (NYSE: CNI) ("CN" or the "Company") raising serious concerns about its integrity and commitment to proper corporate governance practices.
- 09/29/2021
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Congestion, weather and chip shortages cloud rail's outlook: Cowen
- Supply chain congestion, weather-related incidents such as wildfires and Hurricane Ida, and ongoing automotive production challenges could force the Class I railroads to revise their financial outlooks for 2021, according to a note from investment firm Cowen. “We revise our rail carloadings and reflect cost implications to lower our Q3 rail estimates below consensus forecasts; we see Q3 consensus as stale and see further downward revisions.
- 09/27/2021
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Canadian National Railway Changes Track Following Failed Takeover Bid
- Canadian National Railway Co. ( TSX:CNR , Financial) is Canada's largest railway and one of seven Class 1 North American rail companies. The company's network consists of approximately 20,000 route miles of track spanning across Canada and mid-America, connecting the East and West Coasts as well as the Gulf of Mexico via its Chicago hub.
- 09/26/2021
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Hopeful Golden Cross Forms On Canadian National Railway's Chart
- If history is any guide, there may be good fortune ahead for shares of Canadian National Railway(NYSE:CNI)). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
- 09/21/2021
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Canadian National Railway Shares Slide On Multiple Analyst Ratings
- Raymond James analyst Steve Hansen downgraded Canadian National Railway (NYSE:CNI) to Market Perform from Outperform with a price target of C$158, up from C$152. Hansen states that he raised the stock's target price because of the "roll-out of a new strategic plan last week that seemingly aims to return CN to its core roots in precision scheduled railroading.
- 09/20/2021
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Monday Afternoon Analyst Upgrades and Downgrades: Canadian National, Las Vegas Sands, Texas Instruments and More
- Markets were crushed on Monday, with each of the major averages down at least 2%. This comes after Chinese markets were beaten up overnight.
- 09/20/2021
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Canadian National (CNI) Stock Gains on Buyback Announcement
- Canadian National (CNI) aims to improve its operating ratio to 57% next year owing to reduced costs and improved efficiencies.
- 09/20/2021
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MEDIA AVAILABILITY: CN Police Officers Available for Media Interviews During Rail Safety Week
- Be Rail Smart and help us prevent accidents and injuries at rail crossings as part of Rail Safety Week Sept. 20–26 Be Rail Smart and help us prevent accidents and injuries at rail crossings as part of Rail Safety Week Sept. 20–26
- 09/20/2021
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UPDATE -- CN Outlines Details of Strategic Plan
- Ambitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022
- 09/17/2021
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CN Outlines Details of Strategic Plan
- Ambitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022
- 09/17/2021
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Canadian National to resume previously approved share buyback
- Canadian National Railway Co said on Friday it would resume share repurchases under the plan approved by its board in January.
- 09/17/2021
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CN Outlines Details of Strategic Plan
- Ambitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022
- 09/17/2021
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CP to Acquire KSU as CNI Backs out From the Buyout Fray
- The CP- KSU $31-billion deal is expected to close in the first quarter of 2022.
- 09/16/2021
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Canadian National scraps $29.6 billion offer for Kansas City Southern
- Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer for Kansas City Southern, citing regulatory hurdles and paving the way for the U.S. railroad to be bought by rival Canadian Pacific Railway Ltd.
- 09/15/2021
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Canadian National not to proceed with deal for Kansas City Southern
- Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer to buy Kansas City Southern, paving the way for the U.S. railroad operator to be bought by rival Canadian Pacific Railway Ltd.
- 09/15/2021
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CN Receives Notice of Termination of KCS Merger Agreement
- CN to receive USD$1.4 billion in termination fees
- 09/15/2021
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Dividend Growth Stock Watchlist - September 2021
- Dividend Growth Stock Watchlist - September 2021
- 09/14/2021
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TCI pushes to add industry veterans to CN board, remove CEO
- An activist shareholder is pushing forward with plans to propose the removal of CN President and CEO JJ Ruest and add four industry veterans to the board following the railroad's likely failed attempt to acquire Kansas City Southern. Founder and managing partner Chris Hohn of London-based TCI Fund Management, which owns 5.2% of CN (NYSE: CNI), claims CN has been “underperforming” in recent quarters, as witnessed by a climbing operating ratio compared with other Class I railroads, and that its recent attempt to acquire KCS (NYSE: KSU) demonstrated “misguided” priorities, according to a filing to the U.S. Securities and Exchange Commission.
- 09/13/2021
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CN Acknowledges TCI Announcement of Shareholder Meeting Requisition
- MONTREAL, Sept. 13, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR, NYSE: CNI) acknowledges the announcement made by TCI Fund Management Limited (“TCI”) that CIFF Capital UK LP and The Children's Investment Master Fund, acting by TCI, as investment manager, that it is requisitioning a meeting of CN's shareholders.
- 09/13/2021
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Canadian National shareholder nominates four directors to company's board
- Billionaire Chris Hohn's TCI Fund Management nominated four independent directors to Canadian National's board, a day after Kansas City Southern divulged plans to accept a buyout offer from Canadian Pacific Railway Ltd.
- 09/13/2021
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TCI Funds Requisition Special Meeting of Canadian National Railway Shareholders; Nominate Four Highly Experienced Directors to Upgrade Current Board with Real Rail Experience
- TCI identifies Jim Vena as the Outstanding CEO Candidate LONDON, Sept. 13, 2021 /PRNewswire/ -- Long-term shareholders CIFF Capital UK LP and The Children's Investment Master Fund, acting by their investment manager TCI Fund Management Limited (together, "TCI"), announce they intend to requisition a timely special meeting of Canadian National Railway Company (TSX: CNR) (NYSE: CNI) ("CN" or the "Company") shareholders (the "Special Meeting") shortly for the purpose of refreshing the current Board of Directors (the "Board") by adding four nominees who will provide the deep railroad operational experience the current Board lacks.
- 09/13/2021
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Canadian National shareholder to nominate five directors to company's board
- Billionaire Chris Hohn's TCI Fund Management said on Tuesday it intends to nominate directors to replace about half of Canadian National's board, after its costly attempts to buy Kansas City Southern were dealt a blow by the U.S. regulator.
- 09/07/2021
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TCI Fund Management Limited Announces It Has Retained Kingsdale Advisors to Halt Canadian National Railway's Pursuit of Kansas City Southern and Effect Value Creating Change
- LONDON, Sept. 7, 2021 /PRNewswire/ -- Long-term shareholder TCI Fund Management Limited ("TCI") announces it has retained Kingsdale Advisors, North America's leading strategic shareholder advisory and communications firm, to act as its strategic advisor and engage with Canadian National Railway's (TSX: CNR) (NYSE: CNI) ("CN" or the "Corporation") shareholders to achieve TCI's objectives of halting CN's pursuit of Kansas City Southern ("KCS") and upgrading the board of directors (the "Board") who, among other things, will have a mandate to identify and appoint a new CEO.
- 09/07/2021
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KSU to Reconsider CP's $31 Billion Offer, To Open a Dialogue
- Kansas City Southern's (KSU) willingness to interact over its takeover by Canadian Pacific (CP) pleases the latter.
- 09/06/2021
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The unfolding of the Kansas City Southern takeover saga
- The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of U.S. peer Kansas City Southern.
- 09/01/2021
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Kansas City Southern and Canadian National deal gets derailed by U.S. regulator and activist
- CNBC's David Faber reports on the railway deal between Canadian National Railway and Kansas City Southern, and why U.S. regulators ruled against the deal.
- 09/01/2021
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Markets cheer as Kansas City puts off shareholder meet after deal setback
- Kansas City Southern on Wednesday pushed back a vote on its proposed $29 billion sale to Canadian National Railway as financial investors bet a decision by the U.S. regulator had derailed the deal.
- 09/01/2021
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Everything You Need To Know About Kansas City - Canadian National Deal, Analyst Reactions
- Kansas City Southern (NYSE:KSU) has confirmed receiving an unsolicited proposal from Canadian Pacific Railway Limited (NYSE:CP), reaffirming its interest in acquiring KSU. Canadian Pacific reiterated identical terms to the earlier proposal, whereby holders of KSU common stock would receive 2.884 CP common shares and $90 in cash for each share of KSU held.
- 09/01/2021
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CNI Faces Regulatory Setback on Proposed Acquisition of KSU
- Canadian National's (CNI) shares rise despite the regulatory ruling against its plan to set up a voting trust.
- 09/01/2021
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CN Issues Statement in Response to Surface Transportation Board Decision
- MONTREAL, Aug. 31, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR, NYSE: CNI) today issued the following statement in response to the recent decision by the Surface Transportation Board (“STB”) in relation to CN's proposed combination with Kansas City Southern (NYSE: KSU) (“KCS”):
- 08/31/2021
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Why Canadian National Shares Surged Higher Today
- Regulators add a twist to the ongoing battle to take over Kansas City Southern.
- 08/31/2021
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Breaking: Regulators reject CN's proposed voting trust to acquire KCS
- The Surface Transportation Board voted unanimously Tuesday to reject the proposed voting trust that CN would use to acquire Kansas City Southern, making the $33.6 billion merger's prospects unclear. The STB said the trust “is not consistent with the public interest standard under the Board's merger regulations.
- 08/31/2021
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$29 billion Canadian bid for US railroad screeches to a halt
- The US Surface Transportation Board (STB) on Tuesday rejected a voting trust proposed by Canadian National Railway for its $29 billion deal to buy US railroad operator Kansas City Southern. The rail regulator's ruling is a blow to Canadian National, which is locked in a takeover battle for Kansas City with smaller rival Canadian Pacific.
- 08/31/2021
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U.S. regulator rejects Canadian National's voting trust to buy Kansas City Southern
- The U.S. Surface Transportation Board (STB) on Tuesday rejected a voting trust proposed by Canadian National Railway Co for its $29 billion deal to buy U.S. railroad operator Kansas City Southern.
- 08/31/2021
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Janet Drysdale, Vice-President Sustainability to address Wolfe Research's Inaugural ESG Conference on August 26
- MONTREAL, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Janet Drysdale, Vice-President Sustainability of CN (TSX: CNR) (NYSE: CNI), will address Wolfe Research's Inaugural Environmental, Social and Governance (ESG) Conference on August 26, 2021, starting at 12:50 p.m. Eastern Time (ET).
- 08/23/2021
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KSU Postpones Shareholder Vote on Acquisition by CNI to Sep 3
- The decision to defer the meeting allows Kansas City Southern's (KSU) shareholders to review the impending regulatory decision minutely.
- 08/20/2021
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CN (CNI) Up 1.9% Since Last Earnings Report: Can It Continue?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 08/19/2021
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KSU Not Tempted by CP's Revised Proposal, Sticks to CNI Offer
- Kansas City Southern (KSU) and Canadian National expect a favorable regulatory decision regarding the voting trust.
- 08/13/2021
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CN's JJ Ruest and KCS' Pat Ottensmeyer to Address the Deutsche Bank Virtual Transportation Conference on August 17
- MONTREAL and KANSAS CITY, Mo., Aug. 13, 2021 (GLOBE NEWSWIRE) -- JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU) will address the Deutsche Bank Virtual Transportation Conference on Tuesday, August 17, 2021 at 12:00 p.m. Eastern Time (ET).
- 08/13/2021
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Kansas City Southern may delay Canadian National deal vote
- Kansas City Southern said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co if the rail regulator does not rule on the deal in the next five days.
- 08/12/2021
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CN Reaffirms Commitment to Pro-Competitive Combination With KCS
- Notes KCS board of directors reiterated that CN transaction is superior and continues to recommend KCS stockholders vote FOR the combination
- 08/12/2021
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Kansas City Southern Board of Directors Unanimously Determines Proposal from Canadian Pacific Railway Does Not Constitute a Superior Proposal to Its Agreement with CN
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors (the “Board”), following a careful and thorough review in consultation with outside financial and legal advisors, has unanimously determined that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") on August 10, 2021 to acquire KCS in a cash and stock transaction does not constitute a “Company Superior Proposal” and could not reas
- 08/12/2021
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A Rival Might Knock This Railroad Merger Off Track
- Canadian Pacific has submitted a new offer to buy Kansas City Southern.
- 08/11/2021
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CN'S Pro-Competitive Combination with Kansas City Southern Continues to be Superior Proposal
- CN continues to have a better bid, be a better partner and offer the best solution for KCS and its stakeholders
- 08/10/2021
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Dividend Growth Stock Watchlist - August 2021
- There are 25 stocks on my dividend growth watchlist for August 2021. Eight of the stocks on my watchlist are currently undervalued.
- 08/04/2021
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CN Achieves Record Grain Movement for 2020-2021 Crop Year and Submits Its 2021-2022 Grain Plan
- CN Delivers Record Results, Moving over 31 Million Metric Tonnes of Canadian Grain via Carload, Despite Unprecedented Challenges Over the Past Year
- 08/03/2021
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KCS shoots back at Canadian Pacific attempts to derail CN merger
- Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS.
- 08/02/2021
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Canadian Pacific asks Kansas City shareholders to reject Canadian National deal
- Canadian Pacific Railway Ltd on Thursday asked Kansas City Southern shareholders to vote against a deal with Canadian National Railway Co at a meeting next month.
- 07/29/2021
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Canadian National (CNI) Q2 Earnings Beat Estimates, Rise Y/Y
- Higher volumes across most segments aid Canadian National's (CNI) Q2 results.
- 07/21/2021
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Canadian National Railway Company (CNI) CEO JJ Ruest on Q2 2021 Results - Earnings Call Transcript
- Canadian National Railway Company (CNI) CEO JJ Ruest on Q2 2021 Results - Earnings Call Transcript
- 07/21/2021
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Canadian National (CNI) Surpasses Q2 Earnings Estimates
- CN (CNI) delivered earnings and revenue surprises of 0.83% and -1.99%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/20/2021
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CN Q2 adjusted net profit increases over 16%
- Canadian railway CN's adjusted net profit for the second quarter of 2021 grew over 16% year-over-year amid a nearly 14% increase in freight revenues. Adjusted net income for CN (NYSE: CNI) in the second quarter of 2021 was CA$1.06 billion, or CA$1.49 per adjusted diluted share, which is 16.5% higher than CA$908 million, or CA$1.28 per adjusted diluted share, in the second quarter of 2020.
- 07/20/2021
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CN Declares Third-Quarter 2021 Dividend
- MONTREAL, July 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents (C$0.6150) per common share will be paid on September 29, 2021, to shareholders of record at the close of business on September 8, 2021.
- 07/20/2021
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CN Reports Strong Second Quarter Results
- Broad economic recovery and solid operating performance reinforce confidence heading into the second half of 2021
- 07/20/2021
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Canadian National (CNI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- CN (CNI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/13/2021
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Port of Vancouver congestion mounts despite resumed rail service
- The Port of Vancouver is continuing to feel the domino effect from the disruption caused by wildfires in British Columbia even as CN and Canadian Pacific rail service resumes. As of Tuesday afternoon, 41 ships were at anchor at Canada's largest port.
- 07/13/2021
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U.S. Railroads Lose Value in Thursday's Trading: Here's Why
- Shares of Kansas City Southern (KSU), which is likely to be purchased by Canadian National (CNI) in 2022, decline the most in the railroad space on Jul 8.
- 07/09/2021
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This Stock Market Recovery Play Just Got Derailed
- This sector was a big part of Thursday's stock market decline.
- 07/09/2021
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CN and KCS Outline Benefits of Pro-Competitive Combination for Shippers
- Unprecedented pro-competitive commitments will enhance route choice and provide all market participants, railroads and shippers a fair chance to compete
- 07/08/2021
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UPDATE - CN Announces $1.5 Million in Immediate Relief Efforts for the Village of Lytton, B.C. and the Lytton First Nation
- MONTREAL, July 08, 2021 (GLOBE NEWSWIRE) -- CN (TSX : CNR) (NYSE : CNI) announced it will contribute an additional $1.5 million to immediate relief efforts in the Village of Lytton, B.C. and the Lytton First Nation.
- 07/08/2021
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Markets Shake Out Gains Following Murky Inflation Outlook
- Both the S&P and Nasdaq posted their worst trading days since June 8th.
- 07/08/2021
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What Did the Stock Market Do Today? 3 Big Stories to Catch Up On.
- What did the stock market do today? Well, it did a little bit of everything, with short squeezes, crypto gains, IPO hype and regulation fears.
- 07/08/2021
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CN Announces $1.5 Million in Immediate Relief Efforts for the Village of Lytton, B.C. and the Lytton First Nation
- MONTREAL, July 08, 2021 (GLOBE NEWSWIRE) -- CN (TSX : CNR) (NYSE : CNI) announced it will contribute an additional $1.5 million to immediate relief efforts in the Village of Lytton, B.C. and the Lytton First Nation.
- 07/08/2021
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CN to Report Second-Quarter 2021 Financial and Operating Results on July 20, 2021
- MONTREAL, June 30, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2021 financial and operating results after the market close on July 20, 2021.
- 06/30/2021
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Shippers want STB to clarify what it wants from merger applicants
- What defines whether a merger is in the “public interest” and whether it is beneficial or harmful are questions that the Surface Transportation Board may need to unpack as it reviews mergers between Class I railroads, including the proposed acquisition of Kansas City Southern (NYSE: KSU) by CN (NYSE: CNI). The regulatory agency has been receiving public comments on the voting trust that CN hopes to establish as part of the process to acquire KCS.
- 06/29/2021
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Approval of CN-KCS Voting Trust Is Essential Next Step for Shippers and Others to Have Their Say on What Constitutes Enhanced Competition
- CN and KCS to make next filing with STB on July 6
- 06/29/2021
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CN-KCS Voting Trust Receives Additional Support from Organized Labor, Including Four Local Union Letters from the Brotherhood of Locomotive Engineers and Trainmen
- CN-KCS voting trust previously received support from SMART-TD General Committees and International Brotherhood of Boilermakers CN-KCS voting trust previously received support from SMART-TD General Committees and International Brotherhood of Boilermakers
- 06/28/2021
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US Class I rail headcount sees modest gains in May
- Employment levels for the U.S operations of the Class I railroads in May were at their highest point in 2021 year to date, although overall headcount is still down year-over-year, according to data submitted to the Surface Transportation Board (STB). The increase in U.S. Class I headcount comes as a number of Class I railroads tell federal regulators that they are actively recruiting and hiring for new train conductors (see below).
- 06/28/2021
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CORRECTION: Pro-Competitive CN-KCS Combination Gains Even More Support From Key Stakeholders
- Customers, suppliers, elected officials and other stakeholders sent nearly 200 additional letters underscoring benefits of CN and KCS combination, bringing total to well over 1,650
- 06/28/2021
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Trains, Telcos And Banks - Portfolio Moves
- For the first time in a long time, we were actually up on our IPL position. I decided it was time to cash out. We added 33 shares of BCE at just north of 60 bucks a share.
- 06/27/2021
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CN's Open Gateways Commitment in CN-KCS Combination Provides Grain Customers, Including in the Upper Midwestern U.S., the Competitive Access They Want
- Pro-competitive open gateways commitment preserves all existing competitive options; gives customers the choice of route
- 06/25/2021
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CN's JJ Ruest and KCS' Pat Ottensmeyer Emphasized Supply Chain and Environmental Benefits of Transaction in Op-Ed
- Affirmed Commitment to Helping American Business Nearshore Supply Chains and Reduce Carbon Footprint
- 06/25/2021
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Buy Kansas City Southern, Get Canadian National Railway 30% Off
- Merger arbitrage offers a way to obtain CNI shares at an attractive cost basis. Timeline, odds of success, and downside risk discussed.
- 06/25/2021
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CN-KCS Voting Trust Strongly Supported by International Brotherhood of Boilermakers
- Letter from International Brotherhood of Boilermakers filed with the STB underscores benefits for organized labor of CN-KCS voting trust agreement and pro-competitive combination Letter from International Brotherhood of Boilermakers filed with the STB underscores benefits for organized labor of CN-KCS voting trust agreement and pro-competitive combination
- 06/23/2021
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CN-KCS Voting Trust Strongly Supported by International Brotherhood of Boilermakers
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the International Brotherhood of Boilermakers (“IBB”) filed a letter of support for CN's and KCS' proposed voting trust with the Surface Transportation Board (“STB”). This letter from IBB, one of the oldest unions in the United States representing more than 50,000 skilled craftsmen and craftswomen and industrial workers throughout the United States and Canada
- 06/23/2021
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Former STB Chief Economist, Dr. William Huneke, Believes CN/KCS Combination Will Enhance Competition and That Voting Trust Should Be Approved
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that Dr. William Huneke, the former Director of the Office of Economics and Chief Economist at the Surface Transportation Board (“STB”) has written an op-ed, which was published by Railway Age. In the op-ed, Huneke emphasizes the pro-competitive benefits of a CN/KCS combination, resulting from the companies' commitment to keep gateways open on commercially reasona
- 06/22/2021
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Canadian National (CNI) to Invest C$445M in Alberta Province
- Canadian National's (CNI) strategic investment plans for 2021 are aimed at promoting safety, fluidity, technology and expanding capacity.
- 06/22/2021
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CN to Invest $15 Million in New Brunswick to Ensure the Fluidity and Safety of its Network While Minimizing Greenhouse Gas Emissions
- The Company is increasingly optimistic about the economic recovery and these investments will help meet the demand and future needs of customers The Company is increasingly optimistic about the economic recovery and these investments will help meet the demand and future needs of customers
- 06/21/2021
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AAR's Bullish Traffic Data Supports U.S. Railroads' Recovery
- Tailwinds like buoyant freight revenues and cost curtailment bode well for the railroads like Union Pacific (UNP), CSX and Norfolk Southern (NSC).
- 06/17/2021
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CN asserts it has broad support for CN-KCS voting trust proposal
- Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is accepting public comments on CN's voting trust application through the end of the month.
- 06/17/2021
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CN to Invest $350 Million in Ontario to Ensure the Fluidity and Safety of its Network While Minimizing Greenhouse Gas Emissions
- The Company is increasingly optimistic about the economic recovery and these investments will help meet the demand and future needs of customers. The Company is increasingly optimistic about the economic recovery and these investments will help meet the demand and future needs of customers.
- 06/17/2021
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KCS CFO: Merger with CN offers ‘financial flexibility and freedom'
- Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to approve CN's voting trust proposal, which both parties say is needed in order for the merger to proceed.
- 06/15/2021
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CN and KCS Affirm Financial Strength of KCS and Rights Under Merger Agreement to Invest in KCS Network
- Companies have submitted financial documentation requested by STB in support of request for STB approval of voting trust
- 06/15/2021
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Former rail regulator recommends approval of CN-KCS voting trust
- Former Surface Transportation Board (STB) Vice Chairman William Clyburn Jr. is urging the current board to approve the proposed voting trust that Canadian railway CN (NYSE: CNI) plans to form as part of the process to acquire Kansas City Southern (NYSE: KSU). CN and Kansas City Southern (KCS) say the voting trust will protect KCS from being taken over during merger proceedings before the board.
- 06/10/2021
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Surface Transportation Board Sets Schedule for Review of Voting Trust Related to CN's Pro-Competitive Combination With KCS
- MONTREAL and KANSAS CITY, Mo., June 08, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board's (“STB”) decision to issue a timetable for reviewing the voting trust in connection with the companies' definitive merger agreement:
- 06/08/2021
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Surface Transportation Board Sets Schedule for Review of Voting Trust Related to CN's Pro-Competitive Combination With KCS
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board's (“STB”) decision to issue a timetable for reviewing the voting trust in connection with the companies' definitive merger agreement: We are happy with the timetable that the STB has set for reviewing our voting trust, marking another important step on the path to creating the premier railway for
- 06/08/2021
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CN's JJ Ruest and KCS' Pat Ottensmeyer Emphasized Compelling Public Interest and Competitive Benefits of Transaction at Bernstein's 37th Annual Strategic Decisions Conference
- Fully End-to-End Merger Will Provide Customers New Single-Line Service and Unchanged Number of Route Options
- 06/03/2021
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Insure Your Portfolio With The First Trust Value Line Dividend ETF
- Insure Your Portfolio With The First Trust Value Line Dividend ETF
- 06/03/2021
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Canadian National Railway A Company For Life
- Canadian National Railway A Company For Life
- 06/02/2021
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CN Receives More Than 400 Additional Letters of Support Since Signing Agreement to Combine With Kansas City Southern
- Stakeholder support for pro-competitive combination between CN and KCS continues to grow Stakeholder support for pro-competitive combination between CN and KCS continues to grow
- 06/02/2021
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I'm About To Pull The Trigger On Canadian National Railway
- I'm About To Pull The Trigger On Canadian National Railway
- 06/01/2021
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Canadian National Pledges Divestiture to Win Kansas City Southern Merger Approval
- The company is hoping to win approval for a voting trust that would alleviate some of the antitrust uncertainty.
- 05/26/2021
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Why Is CN (CNI) Down 2.4% Since Last Earnings Report?
- CN (CNI) reported earnings 30 days ago. What's next for the stock?
- 05/26/2021
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Canadian National to divest Kansas City Southern's 70-mile rail overlap
- Canadian National Railway said on Wednesday it would divest Kansas City Southern's 70-mile rail line between New Orleans and Baton Rouge to eliminate the only overlap between the two railroad operators.
- 05/26/2021
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Kansas City Southern (KSU) to be Acquired by Canadian National
- Kansas City Southern (KSU) cancels the deal with Canadian Pacific (CP) and pays the termination fee to the latter.
- 05/24/2021
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Kansas City Southern Dumps Canadian Pacific for Canadian National
- The target has agreed to a $33 billion deal to be acquired by CN.
- 05/21/2021
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Kansas City Southern chooses CN bid, terminates CP merger agreement
- Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was “superior.
- 05/21/2021
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Kansas City Southern will accept merger proposal from Canadian National Railway
- Kansas City Southern (NYSE: KSU) announced today that the company's board has determined the Canadian National Railway Company's (NYSE: CNI) acquisition proposal to be superior to the offer received from Canadian Pacific Railway Limited (NYSE: CP). The company has terminated its merger agreement with Canadian Pacific, which the company entered into back in March, and […] The post Kansas City Southern will accept merger proposal from Canadian National Railway appeared first on Invezz.
- 05/21/2021
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Kansas City Southern picks Canadian National deal over Canadian Pacific one
- Kansas City Southern picks Canadian National deal over Canadian Pacific one
- 05/21/2021
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Unions, industry observers weigh in on KCS merger bids
- Rail stakeholders and observers are weighing in on how competing attempts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to merge with Kansas City Southern (NYSE: KSU) might affect the freight rail industry. Both CN and CP are seeking to acquire Kansas City Southern (KCS).
- 05/20/2021
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CP signals no counterbid, asks KCS board to reject CN
- Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer.
- 05/20/2021
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Canadian National Railway shareholder urges board to amend Kansas City deal
- Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railroad operator changed its agreement to drop a key feature that could invite more regulatory scrutiny.
- 05/18/2021
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CN Files Request to STB to Establish Procedural Schedule for Review of Voting Trust for Combination With Kansas City Southern
- Filing includes merger agreement reflecting CN proposal that was recently deemed superior by the KCS Board of Directors Filing includes merger agreement reflecting CN proposal that was recently deemed superior by the KCS Board of Directors
- 05/18/2021
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U.S. Regulator Deals Canadian National Takeover Effort a Blow
- A review of its bid for Kansas City Southern would fall under more-strict guidelines.
- 05/17/2021
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CN Issues Statement on STB Decision
- Looks Forward to STB Decision on Voting Trust Looks Forward to STB Decision on Voting Trust
- 05/17/2021
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Why the Stock Market Is Focused on the Newest Megamerger
- The pace of strategic combinations is picking up momentum.
- 05/17/2021
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DOJ asks regulators not to approve CN-KCS voting trust
- Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU).
- 05/17/2021
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JJ Ruest, President and Chief Executive Officer and Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer to Address the BofA Securities Virtual Transportation, Airlines and Industrials Conference on May 19
- MONTREAL, May 17, 2021 (GLOBE NEWSWIRE) -- JJ Ruest, President and Chief Executive Officer and Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer of CN (TSX: CNR) (NYSE: CNI), will address the BofA Securities Virtual Transportation, Airlines and Industrials Conference on May 19, 2021 at 10:40 a.m. Eastern Time (ET).
- 05/17/2021
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Canadian National Takes the Lead in the Battle for Kansas City Southern
- Kansas City Southern's board has officially deemed its offer as superior to Canadian Pacific's.
- 05/14/2021
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Canadian National ups offer to seal deal for US railroad
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CN Proposal Deemed Superior by Kansas City Southern
- CN's enhanced proposal of $325 1 per share values KCS at an enterprise value of $33.6 billion
- 05/13/2021
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Kansas City Southern Receives Revised Proposal from Canadian National Railway That Board of Directors Determines is a "Company Superior Proposal"
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). Under the terms of CN's revised proposal, each share of KCS common stock would be exchanged for $200 in cash and 1.129 shares of CN common stock. The proposal is binding on CN and may be accepted by KCS at any time prior to 5:00 pm EDT on Friday, May 21, 2021. The transaction would be subject to
- 05/13/2021
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Canadian National expected to sweeten Kansas City Southern takeover bid - WSJ
- Canadian National Railway Co is expected to sweeten its takeover bid for Kansas City Southern, the Wall Street Journal reported on Thursday, according to people familiar with the matter.
- 05/13/2021
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Rob Reilly, Executive Vice-President and Chief Operating Officer to Address the RBC Capital Markets Canadian Automotive, Industrials and Transportation Virtual Conference on May 18
- MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) -- Rob Reilly, Executive Vice-President and Chief Operating Officer of CN (TSX: CNR) (NYSE: CNI), will address the RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference on May 18, 2021 at 11:00 a.m. Eastern Time (ET).
- 05/13/2021
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Canadian Pacific, CN continue to lobby for merger support
- Rivals Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) are still at work seeking to convince the Surface Transportation Board (STB), industry stakeholders and Kansas City Southern (NYSE: KSU) shareholders which Canadian railway is the best company suited to merge with Kansas City Southern (KCS). CP and KCS had announced plans to merge in March, while CN said in April that it is also interested in acquiring KCS.
- 05/11/2021
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CN Issues Statement on the STB's Decision Regarding CP's Voting Trust
- Confident the STB will reach same decision with CN's identical voting trust Confident the STB will reach same decision with CN's identical voting trust
- 05/06/2021
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BNSF's parent company responds to KCS merger activity
- Count BNSF (NYSE: BRK.B) as one of those watching how efforts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU) play out. Executives with BNSF parent company Berkshire Hathaway noted on Saturday during the company's annual shareholder meeting that BNSF will seek opportunities to protect its franchise as the merger proceedings go before the Surface Transportation Board for review.
- 05/03/2021
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CN Issues Open Letter to KCS Community
- Reaffirms commitment to maintaining CN's U.S. headquarters in Kansas City and ongoing investment in local communities
- 05/03/2021
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Warren Buffett, Charlie Munger address the Kansas City Southern merger battle
- At the annual Berkshire Hathaway shareholders meeting live streamed on Yahoo Finance, Warren Buffett, Charlie Munger and Greg Abel address the merger battle between Canadian National and Canadian Pacific over Kansas City Southern. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 05/01/2021
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Canadian Pacific files objection with U.S. regulator over Canadian National's bid for Kansas City rail
- Canadian Pacific Railway Ltd (CP) said on Saturday it filed a formal objection with a U.S. regulator stating Canadian National Railway Co's near $30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules.
- 05/01/2021
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Overwhelming Support Continues to Gain Momentum for CN's Pro-Competitive Combination with Kansas City Southern
- More than 600 customers, suppliers, elected officials and other stakeholders have sent letters of support for CN in just over a week
- 04/29/2021
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CN Announces Election of Directors
- MONTREAL, April 28, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced that the director nominees listed in the management information circular dated March 9, 2021, 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 April 27, 2021 via online webcast are set out below.
- 04/28/2021
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Cascade Investment says 'fully supports' talks between CN Rail and Kansas City Southern
- Bill Gates' Cascade Investment said on Wednesday it "fully supports" the ongoing talks between Canadian National Railway and Kansas City Southern over Canadian National's takeover bid for the U.S. railroad.
- 04/28/2021
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Canadian National Railway Is A Must-Own Dividend Stock
- Canadian National had a good first quarter as the company lowered expenses and benefited from exposure in red-hot industries. The company is set to significantly increase earnings and dividends over the next few years and is in a great position to acquire Kansas City Southern.
- 04/27/2021
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Canadian National (CNI) Q1 Earnings Miss Estimates, Rise Y/Y
- Canadian National's (CNI) Q1 results reflect impressive performances of the intermodal and, grain and fertilizers segments amid weakness in other segments.
- 04/27/2021
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Canadian National Railway Company (CNI) CEO JJ Ruest on Q1 2021 Results - Earnings Call Transcript
- Canadian National Railway Company (CNI) CEO JJ Ruest on Q1 2021 Results - Earnings Call Transcript
- 04/26/2021
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Canadian National (CNI) Lags Q1 Earnings and Revenue Estimates
- CN (CNI) delivered earnings and revenue surprises of -2.02% and -0.77%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/26/2021
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CN's first-quarter net income slips nearly 4%
- CN's (NYSE: CNI) net profit for the first quarter of 2021 fell 3.7% to CA$974 million, or $1.37 per diluted share, compared with CA$1.01 billion, or $1.42 per diluted share, in the first quarter of 2020. One Canadian dollar equals 81 cents in U.S. dollars.
- 04/26/2021
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Canadian National Railway Boosts Traffic Volumes in 1st Quarter
- Shares of Canadian National Railway Co. (NYSE:CNI)(TSX:CNR), a Montreal-based transportation company, slightly increased in aftermarket trading on Monday following the release of its first-quarter results.
- 04/26/2021
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Recap: Canadian National Railway Q1 Earnings
- Shares of Canadian National Railway (NYSE:CNI) remain flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 6.59% year over year to $0.97, which missed the estimate of $1.00.
- 04/26/2021
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CN Declares Second-Quarter 2021 Dividend
- MONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents (C$0.6150) per common share will be paid on June 30, 2021, to shareholders of record at the close of business on June 9, 2021.
- 04/26/2021
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CN First Quarter Results Demonstrate Continued Economic Recovery
- Record Intermodal Traffic and Shipments of Canadian Grain Positioned to Drive Long-Term USMCA Growth as Economy Rebounds CN Now Targeting Double-Digit Adjusted Diluted EPS Growth (1)
- 04/26/2021
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CN to discuss merger with KCS, sends STB over 400 support letters
- Rival Canadian suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are seeking to win the hearts of the shareholders of Kansas City Southern (NYSE: KSU). CN said Saturday that it will be engaging with the board of directors of Kansas City Southern (KCS) over its acquisition proposal.
- 04/26/2021
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CN Receives Overwhelming Stakeholder Support for Combination With Kansas City Southern
- More than 400 customers, suppliers, elected officials and other stakeholders have sent letters of support for CN in less than a week, highlighting the pro-competitive benefits of its proposed combination with KCS
- 04/26/2021
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CN Looks Forward to Engaging With Kansas City Southern to Finalize Definitive Merger Agreement
- Welcomes determination by KCS board of directors that CN's offer is reasonably expected to lead to “Company Superior Proposal”
- 04/24/2021
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Kansas City Southern Board of Directors Determines Proposal from Canadian National Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company's outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX: CNR, NYSE: CNI) (“CN”) on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as def
- 04/24/2021
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Kansas City Southern Nearing Talks With Suitor Canadian National
- There's a bidding war in the railroad business!
- 04/23/2021
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CN Files Letter With Surface Transportation Board
- Details why its superior proposal is procompetitive and in best interest of customers
- 04/23/2021
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Canadian Pacific CEO says CN bid for KC Southern is 'fantasy'
- CNBC's David Faber reports on KC Southern bids.
- 04/22/2021
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CN Sends Letter to Board of Kansas City Southern Regarding Its Superior Proposal
- Reiterates that voting trust structure is identical to that of KCS' existing transaction
- 04/22/2021
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Cramer says bidding war for Kansas City Southern shows bargains remain in stock market
- CNBC's Jim Cramer considers the competing bids for Kansas City Southern to be a "very encouraging sign" for the stock market amid concerns of frothiness.
- 04/21/2021
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Canadian National notifies U.S. regulator of its plan to buy Kansas City Southern
- Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.
- 04/21/2021
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Canadian National (CNI) Bids Higher for Kansas City Southern
- Canadian National's (CNI) offer to buy Kansas City Southern (KSU) will boost trade between the United States, Canada and Mexico on the deal's materialization.
- 04/21/2021
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CN Submits Prefiling Notice of Intent With Surface Transportation Board
- Filing commences regulatory process should Kansas City Southern Board accept CN's superior proposal of $325 per share
- 04/21/2021
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Canadian Pacific slams CN's bid to acquire Kansas City Southern
- Canadian Pacific (NYSE: CP) slammed a bid by rival CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), describing CN's proposal as “massively complex and likely to fail” because it decreases competition and raises antitrust concerns, according to CP. On Tuesday, CN offered to acquire KCS in a cash-and-stock transaction valued at $33.7 billion.
- 04/20/2021
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CN, Kansas City Southern merger would target competition from trucks
- A merger between Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) would created a formidable opponent for what should be the industry's largest threat: long-haul trucking, CN executives said Tuesday morning in their pitch to acquire Kansas City Southern (KCS). “What's really missing in North America at this point is a true north-south railroad … that can really rival with truck,” said CN President and CEO JJ Ruest in a call explaining the bid to Wall Street analysts and investors.
- 04/20/2021
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Canadian National Bids $33.7B For Kansas City Southern
- Canadian National Railway (NYSE: CNI) is seeking to derail an effort by rival Canadian Pacific (NYSE: CP) to acquire Kansas City Southern (NYSE: KSU) by making a higher acquisition bid for the U.S.-based company. What Happened: Canadian National is proposing a cash-and-stock transaction valued at $33.7 billion, or $325 per share.
- 04/20/2021
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News Alert: CN makes nearly $34 billion bid for Kansas City Southern
- Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share. CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion.
- 04/20/2021
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CN Makes Superior Proposal to Combine With Kansas City Southern
- Combination will create the premier railway for the 21st century connecting ports in the United States, Canada and Mexico to facilitate trade and economic prosperity across North America
- 04/20/2021
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Canadian National to make $30 billion bid for Kansas City- WSJ
- Canadian National plans to offer $325 for each Kansas City Southern share, including $200 a share in cash and 1.059 Canadian National shares, the report said.
- 04/20/2021
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Canadian National (CNI) Hits Grain Movement Record in March
- Canadian National's (CNI) shipment of 2.95 MMT of Canadian grain in March hits a record for the 13th consecutive month.
- 04/06/2021
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CN and Watco Reach Agreement on Sale of Rail Lines in Northern Ontario, Wisconsin, and Michigan
- MONTREAL, March 30, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Watco are pleased to announce that they have reached an agreement for the sale of non-core lines and assets on the Soo subdivision (approximately 250 miles of track) that runs from Sault Ste. Marie, Ontario to Oba, Ontario and approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan. This marks the successful conclusion of the sale process that CN announced and launched in July of 2020.
- 03/30/2021
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CN to Report First-Quarter 2021 Financial and Operating Results on April 26, 2021
- MONTREAL, March 29, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2021 financial and operating results on April 26, 2021, at 4:01 p.m. Eastern Time (ET).
- 03/29/2021
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Canadian grain shippers still see hiccups in rail service
- Despite significantly high Canadian grain volumes in February, Canadian grain shippers are still seeing some rail service issues as the network recovers from last month's cold snap and nears the end of March. “Several monitoring sources point to some significant challenges, which can be attributed to the deep freeze that blanketed the prairies in late February,” said Erin Gowriluk, executive director for the Grain Growers of Canada.
- 03/26/2021
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CN announces nominees for election to the Board at its annual meeting of shareholders to be held on April 27, 2021; Slate achieves gender parity goal
- MONTREAL, March 23, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the nomination of two new directors to its Board: Denise Gray and Justin Howell. With the election of CN's full slate of directors, as detailed in the management information circular filed today, the Board is very pleased that CN will meet its goal of achieving gender parity among the independent directors one year ahead of plan.
- 03/23/2021
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This Surprise Merger News Helped the Stock Market Chug Ahead Monday
- It's the latest sign of rotation on Wall Street.
- 03/22/2021
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CN announces Cyrus Reporter as Vice-President, Government and Regulatory Affairs
- MONTREAL, March 15, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that it has named Cyrus Reporter, a widely respected lawyer and public policy professional, as its new Vice-President, Government and Regulatory Affairs. Mr. Reporter will oversee the company's engagement with governments at all levels across North America. He will be based in Ottawa.
- 03/15/2021
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Rob Reilly, Executive Vice-President and Chief Operating Officer to address J.P. Morgan Industrials Conference on March 16
- MONTREAL, March 09, 2021 (GLOBE NEWSWIRE) -- Rob Reilly, Executive Vice-President and Chief Operating Officer (TSX: CNR) (NYSE: CNI), will address the J.P. Morgan Industrials Conference on March 16, 2021 at 8:00 a.m. Eastern Time (ET).
- 03/09/2021
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Canadian National (CNI) February Grain Movement Hits New Record
- Canadian National (CNI) transports more than 2.28 MMT of Canadian grain and processed grain products in February 2021, setting a new record for the 12th straight month.
- 03/04/2021
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JJ Ruest, President and Chief Executive Officer to address the Global Listed Infrastructure Organisation (GLIO) Transportation Panel on March 11
- MONTREAL, March 04, 2021 (GLOBE NEWSWIRE) -- JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), will address the GLIO Transportation Panel on March 11, 2021 at 5:00 p.m. Eastern Time (ET).
- 03/04/2021
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CN Sets Grain Movement Record for Twelve Consecutive Months
- Company continues to move grain safely and at a record pace despite Arctic temperatures Company continues to move grain safely and at a record pace despite Arctic temperatures
- 03/02/2021
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CN Undertakes Major New Environmental, Social and Governance Initiatives
- MONTREAL, Feb. 24, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CN is pleased to announce measures that will reinforce the Company's status as a leader in Environmental, Social, and Governance (ESG) among North American Class 1 railroads and across the transportation sector, including improvements to the effectiveness, transparency and accountability of the Board in line with emerging best practices. Our longer-term goal is to be at the leading edge of ESG best practices across North America and globally.
- 02/24/2021
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This Railroad Stock Can Keep Your Portfolio Moving Forward
- You won't get sidetracked if you buy into this railroad.
- 02/19/2021
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CN Continues to set Ambitious Goals for Sustainability with Advisory Vote on the Company's Climate Action Plan
- MONTREAL, Feb. 11, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CN (TSX: CNR) (NYSE: CNI) is pleased to announce it will seek an annual advisory vote on the Company's climate action plan. The non-binding vote will take place at CN's Annual General Meeting of Shareholders starting in April 2021.
- 02/11/2021
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CN Announces New Partnership with Earth Rangers
- Railroad Extending Its Successful Ecoconnexions Employee Engagement Program to Children And Families Railroad Extending Its Successful Ecoconnexions Employee Engagement Program to Children And Families
- 02/10/2021
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Canadian National Railway Is A Great Long-Term Investment
- Canadian National Railway Is A Great Long-Term Investment
- 02/09/2021
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CN Named One of Montreal's Top Employers
- MONTREAL, Feb. 09, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) CN is pleased to be recognized as one of Montreal's Top Employers for 2021 by Canada's Top 100 Employers for the seventh consecutive year.
- 02/09/2021
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Dividend Changes: January 23-29, 2021
- This weekly article series covers dividend changes. A summary table provides relevant data and key statistics of dividend increases.
- 02/08/2021
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New Record Grain Movement Announces Strong Start to 2021
- CN Sets New Grain Record for January, Marking 11 Consecutive Months of Records CN Sets New Grain Record for January, Marking 11 Consecutive Months of Records
- 02/02/2021
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CN's 2020 Annual Financial Statements and Annual Information Form available on Company Website
- MONTREAL, Feb. 01, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company's 2020 Annual Financial Statements, Notes thereto and Management's Discussion and Analysis, and its 2020 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the Investor section of its website, www.cn.ca/investors.
- 02/01/2021
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4 Transportation Stocks With Dividend Growth to Watch Now
- With the scenario brightening for the transportation stocks, we believe, Norfolk Southern (NSC), Canadian National (CNI), J.B. Hunt (JBHT) and GATX that raised dividends recently, should be on an investor's radar.
- 02/01/2021
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Dividend Champions For February 2021
- Monthly update of the Dividend Champions List. 77 companies declared higher dividends in the past month, with an average increase of 7.87% over their previous payouts. Two new Champions, nine new Contenders, and seven new Challengers.
- 02/01/2021
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Canadian National (CNI) Beats on Q4 Earnings, Hikes Dividend
- Canadian National's (CNI) fourth-quarter 2020 results benefit from record shipments of Canadian grain, increased shipments of U.S. grain and freight rate rise.
- 01/27/2021
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Canadian National Railway Company (CNI) CEO JJ Ruest on Q4 2020 Results - Earnings Call Transcript
- Canadian National Railway Company (CNI) CEO JJ Ruest on Q4 2020 Results - Earnings Call Transcript
- 01/27/2021
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Canadian National (CNI) Q4 Earnings Beat Estimates
- CN (CNI) delivered earnings and revenue surprises of 1.85% and -0.34%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/26/2021
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Recap: Canadian National Railway Q4 Earnings
- Shares of Canadian National Railway (NYSE:CNI) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 14.58% over the past year to $1.10, which were in line with the estimate of $1.10.
- 01/26/2021
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CN announces new normal course issuer bid for share repurchase and 7% dividend increase
- MONTREAL, Jan. 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid) and approved a seven per cent increase in the 2021 dividend on the Company's common shares outstanding.
- 01/26/2021
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Solid Quarterly Performance on Volumes Drives Results
- Fluid operations and renewed demand set tone for 2021 as company reinstates guidance
- 01/26/2021
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What's in Store for Canadian National's (CNI) Q4 Earnings?
- Low freight volumes due to coronavirus disruptions are likely to get reflected in Canadian National's (CNI) December-end quarter performance.
- 01/25/2021
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CN Ranked 10th on World's 100 Most Sustainable Corporations by Corporate Knights
- MONTREAL, Jan. 25, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that it ranked 10th on the Corporate Knights 2021 Global 100 Index of the most sustainable corporations in the world, earning a place among corporations delivering superior financial performance and leading the race to a zero emissions economy. CN is the only railway company included on the list this year.
- 01/25/2021
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CN Employees' and Pensioners' Community Fund Has Raised More Than 2M$ for its 2021 Fundraising Campaign
- These results will help support more than 500 non-profit organizations in Canada These results will help support more than 500 non-profit organizations in Canada
- 01/21/2021
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The Common Traits of Bill Gates' and Warren Buffett's Portfolios
- The investments and strategies of the world's most successful investors, such as Seth Klarman (Trades, Portfolio), Warren Buffett (Trades, Portfolio), Charlie Munger (Trades, Portfolio) and Ray Dalio (Trades, Portfolio), are widely known among the investing world. However, successful business owners' strategies are usually not as frequently covered.
- 01/18/2021
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December U.S. Rail Traffic Up 4.4%: More Gains Ahead in 2021?
- The anticipated spurt in freight volumes for 2021 augurs well for the railroads like Union Pacific (UNP) Norfolk Southern (NSC) and CSX Corporation (CSX).
- 01/07/2021
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CN to Report Fourth-Quarter and Full-Year 2020 Financial and Operating Results on January 26, 2021
- MONTREAL, Jan. 05, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and full-year 2020 financial and operating results on January 26, 2021, at 4:01 p.m. Eastern Time (ET).
- 01/05/2021
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CN Sets Grain Movement Record for Tenth Consecutive Month
- Approaching the end of first half of the crop year, the Company is moving grain at a record pace, exceeding previous record set in 2018-2019 Approaching the end of first half of the crop year, the Company is moving grain at a record pace, exceeding previous record set in 2018-2019
- 01/04/2021
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CN Completes U.S. Federal Requirement to Operate Positive Train Control Ahead Of Schedule
- As Important Safety Milestone is Reached, CN Has Achieved Interoperability with All Tenant Railroads As Important Safety Milestone is Reached, CN Has Achieved Interoperability with All Tenant Railroads
- 12/30/2020
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3 Reasons To Invest In Stocks With 10+ Year Dividend Growth Streaks
- 3 Reasons To Invest In Stocks With 10+ Year Dividend Growth Streaks
- 12/29/2020
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These 4 Railroad Stocks Are on Track to Rebound in 2021
- With the economy gradually recovering and freight volumes improving, CSX, Kansas City Southern (KSU), Canadian Pacific (CP) and Canadian National (CNI) look poised for a rebound in 2021.
- 12/28/2020
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CN Announces Partnership for New Logistics Park in Alabama
- First Phase of Project to Offer Shippers New Options for Shipping Bagged Plastic Resins from the Port of Mobile, Alabama First Phase of Project to Offer Shippers New Options for Shipping Bagged Plastic Resins from the Port of Mobile, Alabama
- 12/16/2020
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New CN Terminal Deepens Network Reach in Twin Cities and Midwest
- Additional Capacity Creates New Access Point into CN's Tri-Coastal Network Additional Capacity Creates New Access Point into CN's Tri-Coastal Network
- 12/10/2020
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CN Recognized with Prestigious ‘A' Score for Climate Change
- Railroad Demonstrates Continued Environmental Transparency by Disclosing Through CDP Railroad Demonstrates Continued Environmental Transparency by Disclosing Through CDP
- 12/08/2020
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Exports boost US and Canadian grain volumes
- U.S. and Canadian railroads continued to move significant amounts of grain in November as export demand boosted grain movements. Indeed, last month's World Agricultural Supply and Demand Estimates report from the U.S. Department of Agriculture anticipates U.S. soybean exports in the 2020-2021 crop year to grow to 2.2 billion bushels, compared with 1.7 billion bushels in 2019-2020.
- 12/03/2020
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CN Renews Commitment to Support Research and Education at Wilfrid Laurier University's Centre for Supply Chain Management with C$500,000 Donation
- MILTON, Ontario, Dec. 01, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a renewal of its commitment to support research and education programs at the Centre for Supply Chain Management (SCM) in the Lazaridis School of Business and Economics at Wilfrid Laurier University in Waterloo, ON with a donation of C$500,000.
- 12/01/2020
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Our Top 5 Canadian DGI Stocks To Hold Forever
- Unlike the States, Canada is kind of limited on stocks. We are heavy Utilities, Energy, Financials and Basic Materials, although our Tech game is getting stronger.
- 11/30/2020
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Transport Canada revises rules on worker fatigue in the rail industry
- Transport Canada has revised the rules governing worker fatigue for the rail industry. The federal agency announced Wednesday that the Duty/Rest Rules for Railway Operating Employees have been updated to better reflect the latest science on fatigue management.
- 11/25/2020
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JJ Ruest, President and Chief Executive Officer and Ghislain Houle, Executive Vice-President and Chief Financial Officer, to address Credit Suisse's 8th Annual Virtual Industrials Conference on December 3
- MONTREAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- JJ Ruest, President and Chief Executive Officer and Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address Credit Suisse's 8th Annual Virtual Industrials Conference on December 3, 2020, at 7:30 a.m. Eastern Standard Time.
- 11/25/2020
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UPDATE - CN Becomes Supporter of Task Force on Climate-related Financial Disclosures
- Report Marks New Milestone for Sustainability for Railroad Industry Report Marks New Milestone for Sustainability for Railroad Industry
- 11/23/2020
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CN Becomes Supporter of Task Force on Climate-related Financial Disclosures
- Report Marks New Milestone for Sustainability for Railroad Industry Report Marks New Milestone for Sustainability for Railroad Industry
- 11/23/2020
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MULTIMEDIA UPDATE - CN Proud to Celebrate 25th Anniversary of its Privatization
- From a Canadian Crown Corporation to a Thriving, Efficient, World-Class Publicly-Traded, Transportation Company From a Canadian Crown Corporation to a Thriving, Efficient, World-Class Publicly-Traded, Transportation Company
- 11/17/2020
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CN Proud to Celebrate 25th Anniversary of its Privatization
- From a Canadian Crown Corporation to a Thriving, Efficient, World-Class Publicly-Traded, Transportation Company From a Canadian Crown Corporation to a Thriving, Efficient, World-Class Publicly-Traded, Transportation Company
- 11/17/2020
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DJSI Recognizes CN as Sustainability Leader
- MONTREAL, Nov. 16, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that it has again earned a place on the Dow Jones Sustainability World Index (DJSI). This marks the ninth consecutive year that CN has been listed on the DJSI World Index and the 12th consecutive year that CN has been listed on the DJSI North America Index.
- 11/16/2020
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CN Named one of Canada's Top 100 Employers
- Award Recognizes Company's Exceptional Employee Programs Award Recognizes Company's Exceptional Employee Programs
- 11/13/2020
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CN Leaders to address the 2020 Baird Global Industrial Conference on November 12
- MONTREAL, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer, James Cairns, Senior Vice-President, Rail Centric Supply Chain and Keith Reardon, Senior Vice-President, Consumer Product Supply Chain of CN (TSX: CNR) (NYSE: CNI), will participate in the 2020 Baird Global Industrial Conference on November 12, 2020 at 8:30 a.m. Eastern Time (ET).
- 11/09/2020
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Canadian railways crush October grain records amid export boom
- Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) crushed grain volumes in October, with shipments exceeding all-time records as export demand and new assets drove volumes higher. CP hauled 3.04 million metric tonnes (MMTs) in October, crossing the 3 MMT threshold and exceeding the previous all-time record set in April by 6.9%.
- 11/04/2020
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CN Shatters Grain Record by Delivering Biggest Month Ever
- Record comes as company prepares to receive new grain hopper cars sooner than planned Record comes as company prepares to receive new grain hopper cars sooner than planned
- 10/30/2020
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Retire Rich: Buy Low And Sell High Consistently
- What if we could buy low and sell high on a consistent basis? Sounds too good to be true? We discuss a systematic and rather conservative strategy to buy low and sell high using DGI stocks with minimal trading.
- 09/12/2020
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Dividend Champion And Contender Highlights: Week Of August 30
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Retirement: 10 Recession-Proof DGI Stocks (Almost)
- The S&P 500 has recently made new all-time highs. We are interested to know which stocks had the best chance of upside during the recovery following the big correction early.
- 08/29/2020
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Stocks To Watch: Spotlight On Palo Alto Networks, Best Buy And Xpeng Motors
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 08/22/2020
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CN to participate in a virtual fireside chat with Morgan Stanley Research on August 26
- MONTREAL, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer and Rob Reilly, Executive Vice-President and Chief Operating Officer of CN (TSX: CNR) (NYSE: CNI), will participate in a virtual fireside chat hosted by Ravi Shanker from Morgan Stanley Research, on August 26, 2020 from 9:00 to 9:45 a.m. Eastern Time (ET). CN will provide a live audio webcast of all remarks via the Investors’ section of the Company’s website, www.cn.ca/en/investors. A replay of the webcast will be available on the website shortly after the event.CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the Southern tip of the U.S. through a 19,500 mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.Contacts: MediaInvestment Community Jonathan AbecassisPaul Butcher Senior ManagerVice-President Media RelationsInvestor Relations (514) 399-7956(514) 399-0052
- 08/18/2020
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Aegion Corporation Awarded $8 Million Contract for Large-Diameter Wastewater Rehabilitation Work in Texas
- ST. LOUIS, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies, LLC, has been awarded a wastewater rehabilitation contract valued at $8 million in Southwest Texas. Insituform will rehabilitate more than 12,000 linear feet of existing sanitary sewer main utilizing trenchless technology, including 24-inch to 60-inch cured-in-place pipe (CIPP). The “no-dig” rehabilitation method reduces overall project costs and minimizes disruptions to residents. Crews will also perform bypass pumping, miscellaneous point repairs and associated manhole improvements.Charles R. Gordon, Aegion’s President and CEO, said, “We continue to be pleased with the strength of the bid table this year as the need for ongoing investment to repair aging wastewater pipelines remains critical. This is one of the larger projects Aegion has won in the region in recent years, and we look forward to completing the work safely using our industry-leading trenchless technologies.”The project is expected to begin this fall and conclude by the end of 2021.About Aegion Corporation (NASDAQ: AEGN) Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure®. More information about Aegion can be found at www.aegion.com. Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 2, 2020, and in subsequently filed documents, and, in particular, the impact of the current COVID-19 virus outbreak and the evolving response thereto. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements. Aegion® and the Aegion® logo are the registered trademarks of Aegion Corporation and its affiliates. For more information, contact: Katie Cason Senior Vice President, Strategy and Communications 636-530-8000 | kcason@aegion.com
- 08/17/2020
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Canadian National Remains A Sell
- CNI's Q2 revenue fell 19% Y/Y. Its pricing power also declined.
- 08/17/2020
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Are Canadian Rail Companies On The Right Track?
- Outlook for Canada rail sector. The threat to railroads from autonomous electric trucks.
- 08/14/2020
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Aegion Corporation Awarded Contract from Baltimore County, Maryland, for More Than $4 Million in Wastewater Rehabilitation Work
- Industry Leader Commits to Utilize Local, Minority-Owned Enterprises for at least 25% of ProjectST. LOUIS, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies, LLC, has been awarded a wastewater rehabilitation contract valued at more than $4 million from Baltimore County, Maryland. Insituform will rehabilitate 78,000 linear feet of sanitary sewer main utilizing trenchless technology, including 8-inch to 18-inch cured-in-place (CIPP) pipe, in the community of Essex. The “no-dig” rehabilitation method reduces costs for the County and minimizes disruptions to area residents. Crews will also perform 3,200 vertical feet of manhole rehabilitation and complete 322 lateral seals using full circumferential CIPP liner.Insituform has won the last three large-scale projects presented for bid in Baltimore County. As part of Insituform’s latest winning proposal, at least 25% of the work will be performed with support from local, minority-owned enterprises. The project is expected to begin this fall and conclude by the end of 2021.About Aegion Corporation (NASDAQ: AEGN) Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure®. More information about Aegion can be found at www.aegion.com. Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 2, 2020, and in subsequently filed documents, and, in particular, the impact of the current COVID-19 virus outbreak and the evolving response thereto. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements. Aegion® and the Aegion® logo are the registered trademarks of Aegion Corporation and its affiliates. For more information, contact: Katie Cason Senior Vice President, Strategy and Communications 636-530-8000 | kcason@aegion.com
- 08/04/2020
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Canadian Railways Expect Steady Grain Carload Volumes In 2020-2021
- The Canadian railways anticipate their grain volume movement in the 2020-2021 crop year will be roughly in line with how much they've hauled in recent years, according to outlooks from Canadian Pacific Railway Ltd (NYSE: CP) and Canadian National Railway (NYSE: CNI).CP's and CN's expectations come amid record grain volumes hauled in 2019-2020, and amid capital investments to expand grain-handling capacity through initiatives such as acquiring more hopper cars.The Canada Transportation Act requires CP and CN to submit outlooks for the upcoming crop year to the Canadian government by July 31. The outlooks provide grain volume expectations for the year, taking into account harvesting conditions and market conditions. The crop year in Canada runs Aug. 1 to July 31.Grain carloads moved in Canada over the past year, using data from the Association of American Railroads. (SONAR)CP's 2020-2021 outlookCP anticipates moving 31.4 million metric tonnes (MMT) of grain in the 2020-2021 crop year, which is similar to its forecast for last year and how much it actually moved, the railway said in its 2020-2021 grain outlook. To haul this crop, CP expects to provide 5,850 CP-owned hopper cars per week to grain elevators during the nonwinter months and 4,300, CP-owned hopper cars during the winter months of mid-December to March. Part of that reduction is because the Port of Thunder Bay closes during the winter.CP also anticipates moving an average of 1,050 grain cars per week of customer-supplied equipment for most of the 2020-2021 crop year.The railway plans to make available 1,000-1,100 locomotives, up to 15,500 grain hopper cars, and 3,600-3,800 train and engine employees for its customers. CP has been deploying an 8,500-foot, high-efficiency product train model, which the railway says enables a train to carry 15% more grain than a 7,000-foot grain train. The railway has nearly 3,000 new high-capacity hopper cars in active service, and it plans to add more than 300 more by the end of this year. By the end of its $500 million investment, CP hopes to acquire 5,900 hopper cars, which are shorter, wider and higher, and remove from its fleet the low-capacity hoppers. The capital investments come as CP's customers have also made their own investments to expand their grain capacity, CP said. More than 30% of customers of the unit train grain facilities that CP serves will be able to accommodate 8,500-foot trains by the end of 2020, CP said.For 2019-2020, CP expects to beat its all-time grain record of 26.8 MMT set in 2018-2019.CN's 2020-2021 OutlookCN expects to move between 26 MMT and 28 MMT of grain in the 2020-2021 crop year that began Saturday, according to the grain outlook it published last week.The estimate is in line with the range of volumes from over the past three years, and it doesn't include grain volumes moved by intermodal equipment, CN said. The estimate comes as the railway seeks to expand its grain handling capacity even further. It plans to purchase 1,500 hopper cars, on top of the 1,000 it purchased in 2018. The new cars will be shorter in length, enabling eight to 10 more cars on a train. This increases the amount of grain moved per train, which in turn expands CN's network capacity and helps to make rail operations more fluid at the ports of Prince Rupert and Vancouver, CN said.The railway said it has been working with grain customers to review anticipated car supply requirements for the upcoming crop year along with the mix of railcars supplied by customers. CN projects that over 90% of CN-supplied hopper cars will be committed to customers in advance of the harvests through commercial or other car supply agreements. Car supply products will also be available to the market, with car block sizes of as few as 10 cars. CN also expects to spot up to 7,600 hopper cars and tank cars per week outside of winter, and up to 6,100 hopper and tank cars per week during winter. Spotting means positioning railcars where they need to be for loading and unloading. CN anticipates the spotting of bulk grain to increase by 350 car spots per week during winter and 150 per week outside of winter for CN-supplied hopper cars. Meanwhile, the spotting of customers' cars is also expected to grow in 2020-2021, CN said.CN moved over 28.2 MMT of bulk and processed Western grain products in hopper cars, tank cars and boxcars in 2019-2020, beating a record set in 2018-2019 by over 0.8 MMT, CN said. The railway also moved over 1.1 MMT of containerized Western grain during the crop year. Click here for more FreightWaves articles by Joanna Marsh.Related articles:Canadian Class I railroads boast record grain volumes for JuneCanadian Pacific says mid-50s operating ratio within reachCN eyes intermodal opportunities to boost 2H 2020Commentary: Steel rivers of grain continue to flowCompeting countries, strong dollar influence US grain exportsSee more from Benzinga * Funding Go-Ahead For Mississippi River Deepening Seen As Boon For Exports * Isaias Disrupting East Coast Markets – FreightWaves NOW * Qantas Shuts Melbourne Airport Facility As Government Tightens COVID Lockdown(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Do Railroad Takeovers Only Happen in Crises?
- (Bloomberg Opinion) -- The time may finally be right for another big railroad deal. All it took was another economic downdraft.Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are reportedly weighing a joint bid for Kansas City Southern that would value the railroad at about $21 billion including debt. Any takeover would also add to an aggressive flurry of dealmaking over the past few days after a pandemic-inspired lull. Siemens Healthineers AG agreed to buy U.S. radiotherapy company Varian Medical Systems Inc. for about $16 billion, while 7-Eleven owner Seven & i Holdings Co. is paying $21 billion for Marathon Petroleum Corp.’s Speedway gas stations. Waiting in the wings is a potential takeover of the popular video-sharing app TikTok and a Nvidia Corp. buyout of SoftBank Group Corp.’s Arm Ltd. chip-designing business. The sudden rash of dealmaking suggests buyers with supple balance sheets are getting more comfortable with the trajectory of an eventual recovery from the coronavirus pandemic, even as cases surge again.It’s notable that railroads may be included in this latest deal frenzy. There hasn’t been a major takeover of a North American railroad since Warren Buffett’s Berkshire Hathaway Inc. struck a $36 billion deal for Burlington Northern Santa Fe in 2009. There were attempts by Canadian Pacific Railway Ltd. under the leadership of legendary railroader Hunter Harrison to seek a merger first with CSX Corp. in 2014 and then Norfolk Southern Corp. in 2015, but the carrier was rebuffed each time amid antitrust concerns. The failed talks showed the hurdles for any merger between the largest North American train operators after a wave of dealmaking in the late 1990s consolidated the industry into effectively seven main players, of which Kansas City Southern is the smallest and one of the few with major infrastructure in Mexico. As Buffett proved, though, a private investor is a different story. The irony may be that Harrison, a big believer in the benefits of consolidation who died in 2017, may have done more to prolong the lull in railroad dealmaking than bring it back. Before his death, Harrison served a brief term as CEO of CSX. His tenure there was tumultuous and he managed to ruffle quite a few feathers, but in the end, he was able to prove to both investors and his fellow railroad CEOs that his signature “precision-scheduled railroading” — a strategy for reducing the capital, cars and people needed to run trains efficiently — could work for U.S. carriers.Analysts had previous contended the U.S. railroads’ circuitous lines across mountainous terrain would make it more difficult for them to reach the levels of profitability that Harrison had produced at Canadian Pacific and at Canadian National Railway Co. before that. Posthumously, nearly all of his rivals — from Union Pacific Corp. to Norfolk Southern and, yes, Kansas City Southern— have adopted some form of precision-scheduled railroading. Burlington Northern is the only odd man out. The problem with this for would-be buyers of railroads is that this push for efficiency has increased both the profit margins and the stock prices of said railroads. Before news of the potential private equity approach on Friday, Kansas City Southern was actually up about 2% for the year, compared with a nearly 12% slide for the S&P 500 Industrial Index and a virtually flat performance for the broader benchmark. The reported $21 billion price tag would value Kansas City Southern at a premium to its all-time high set in February and Bloomberg Intelligence analysts warn even that may not be high enough. To justify a deal at these levels, the private equity buyers would have to be able to argue that the full scale of profit improvements under precision-scheduled railroading isn’t fully appreciated by the public markets. It’s hard to see how they do that. In January, before the worst of the pandemic, Kansas City Southern had predicted it would meet its 2021 goal of bringing its operating ratio — a measure of profitability where a lower number is better — down to the range of 60% to 61% a year early. The pandemic obviously undermined those plans. But even amid the sharp slump in volumes that’s ensued over the intervening months, Kansas City Southern in July raised its target for estimated cost savings this year to $95 million, excluding benefits from labor cuts and lease negotiations. That’s up from $61 million. After the rally on the deal news, the company trades at about 22 times estimated 2021 earnings, above the valuation commanded by other railroads that are further along in the process of precision-scheduled railroading.This makes any transaction more of a bet on the future of trade between the U.S. and Mexico and a push to relocate manufacturing away from China. It’s a decent wager given the recent resurgence of interest among U.S. industrial companies to consider factories a bit closer to home. The caveat to that is Mexico’s more volatile regulatory and political environment. Amidst the pandemic, many manufacturers complained of a harsher approach to factory lockdowns across the border than in the U.S., a sign that the potential for supply-chain disruptions lingers even with the recently signed United States-Mexico-Canada trade agreement. I’m reminded of an interview with Harrison that I participated in at Bloomberg headquarters in 2015: “I don’t like Kansas City Southern because of the Mexico play,” he said. “I don’t like Mexico. I like to play in an arena where I know the rules, and I understand what might happen. That’s crazy down there.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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CN Announces Record Crop Year and Increase to Maximum Supply Chain Capacity in 2020-2021 Grain Plan
- Despite Very Challenging Crop Year, CN Delivered Exceptionally and is Prepared for 2020-2021 CropMONTREAL, July 30, 2020 (GLOBE NEWSWIRE) -- Today, CN (TSX: CNR) (NYSE: CNI) filed and published its 2020-2021 Grain Plan, announcing that it set a new record by moving over 30 million metric tonnes (MMT) of grain from across Canada during the 2019-2020 crop year. CN also announced that it is prepared to move up to 7,600 bulk and processed hopper cars per week outside of winter, and up to 6,100 per week during winter in the upcoming crop year. During the 2019-2020 crop year, over 28.2 MMT of grain moved from Western Canada as well as over 1.1 MMT moved through intermodal containers. “Although we achieved our best grain movement volumes in 2019–2020, we are far from complacent. As an essential transportation service to the economy, to our customers, supply chain partners, and to the communities we serve, we remain committed to continue making capacity-enhancing investments to our network and to upgrade our rolling stock, including the purchase of 1,500 additional railcars manufactured in North America in 2020-2021. With all those, we are on our way to reach continuously improved performances. These investments benefit our grain customers as well as all those from the other sectors we serve. CN recognizes that the Grain Plan has been a helpful initiative to increase supply chain performance and keep everyone focused on moving annual crops.” - JJ Ruest, President and Chief Executive Officer, CN“Over the last year, the CN Agricultural Advisory Council has been providing CN with insight and feedback from the Ag community. Our input has improved CN’s understanding of the issues that matter to farmers and has helped to contribute to better service. The challenges faced this year demonstrated how essential transportation is and how having a collaborative and resilient supply chain can keep goods moving.” - Alanna Koch, Chair of the CN Agricultural Advisory CouncilThe annual Grain Plan is prepared through an extensive consultation process and with the input of key stakeholders through an open invitation on the Company’s website. The plan reviews CN’s performance during the last crop year, assesses CN’s ability to move anticipated levels of grain during the upcoming crop year, and it explains specific steps that CN is taking to ensure it has the necessary capacity to move grain safely and efficiently for the benefit of farmers, customers and supply chain partners. CN will continue its monthly update to the plan. The plan is available here.CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the Southern tip of the U.S through a 19,500 mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.Contacts: MediaInvestors Jonathan AbecassisPaul Butcher Senior ManagerVice-President Media RelationsInvestor Relations 1-833-946-3342(514) 399-0052 Media@cn.ca
- 07/30/2020
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CN Invests $520 Million In Its US Assets
- Canadian National Railway Company (NYSE: CNI) expects to spend roughly a half-billion dollars on infrastructure improvements across its U.S. network.So far, CN has announced approximately $520 million in capital expenditures across eight states. "We take our essential role in the North American economy seriously and these investments ... are a key part of our strategy to support growth," said Derek Taylor, vice president for CN's eastern region.Here are the projects and funding announced by CN over the last week:MinnesotaCN expects to invest $25 million in the state. The work will include replacing more than 10 miles of rail; installing over 4,700 new railroad ties; rebuilding 10 road crossing surfaces; and conducting maintenance on docks, culverts, signal systems and other track infrastructure.CN has invested more than $175 million in Minnesota's infrastructure in the past five years. The railway operates 46 route miles in the state.CN considers Minnesota the "home" of the railway's iron ore supply chain, with taconite pellets from the Minnesota Iron Range mines traveling to CN's docks in Duluth and Two Harbors. From there, the pellets are loaded onto Great Lakes ships for transport to the lower Great Lakes, CN said.The railway also operates an intermodal terminal in Duluth, a rail classification yard and railcar/locomotive repair shop in Proctor, a yard near the Two Harbors iron ore dock, and the Duluth iron ore dock.TennesseeCN plans to spend $30 million in Tennessee this year. It has invested more than $205 million in the past five years in the state.Funding will go to replace 7 miles of rail, install over 25,000 new railroad ties, rebuild 17 road crossing surfaces and conduct infrastructure maintenance work.CN operates 173 route miles in the state, which CN calls its "gateway to the South." Assets include the yard in Memphis, which serves as a major handling point and hub for CN's U.S. operations south of Chicago. The yard is one of two hump yards in the U.S., and it serves as an interchange with four other Class I railroads, CN said. Memphis is also the location of a railcar/locomotive repair shop and an intermodal terminal at Frank Pigeon Industrial Park. CN also serves an "industrial core" in Memphis known as President's Island.IllinoisCN plans to spend $165 million on infrastructure projects in Illinois, including the renewal of the Chicago St. Charles Airline Bridge and various maintenance projects. The railway has spent more than $1.3 billion in the state in the past five years. CN operates 1,253 route miles in the state.CN's U.S. headquarters and a training center are located in Homewood, a Chicago suburb.IowaCN is investing $35 million in Iowa in 2020. It has spent more than $200 million in assets in the state in the past five years.The railway operates 574 route miles in Iowa. Maintenance projects this year include the installation of over 95,000 new railroad ties and the rebuild of 19 road crossing surfaces, among other maintenance work.CN operates its subsidiary, the Chicago, Central & Pacific Railroad, in Iowa. The subsidiary's footprint spans from the Missouri River in the west to the Mississippi River in the east. Commodities shipped include food, machinery, electrical equipment, chemical products and primary metals, among other products. CN also ships ethanol volumes, with ethanol plants located between Dubuque and Sioux City and Council Bluffs.MississippiCN expects to spend $50 million in Mississippi. It has spent more than $365 million in the state in the past five years.The railway plans to replace 12 miles of rail, install over 125,000 new railroad ties, rebuild 31 road crossing surfaces and conduct other maintenance work. CN operates 575 route miles in Mississippi.CN's operations in Mississippi include a rail yard in Jackson, which serves "as a hub for petroleum headed to the western part of the Magnolia State, coal moving east to Alabama, grain shipping south to the Gulf Coast for export and chemical products headed north to the Midwest," CN said. CN also has an intermodal terminal in Jackson as well as an automotive distribution facility serving the Nissan assembly plant in Canton.LouisianaCN plans to spend $60 million in Louisiana this year. It has invested more than $280 million in the past five years in the state.Capital projects include a multiyear plan to rebuild the McComb Spilway Bridge. CN also plans to replace 6 miles of rail, install over 20,000 new railroad ties, rebuild 21 road crossing surfaces and conduct other maintenance work. CN operates 227 route miles in the state. CN's infrastructure in Louisiana includes yards in Baton Rouge, Geismar and Harrahan. The Harrahan Yard, also known as the Mays Yard, has interchange ability with five other Class I railroads. CN also has an intermodal facility in New Orleans, and it has access to the Napoleon Avenue Container Terminal and the Mississippi River Intermodal Terminal.CN's major yards are in Baton Rouge, Geismar and Harrahan (Mays Yard) outside of New Orleans. At Mays Yard, CN connects to the New Orleans Public Belt Railroad, which links the city's six Class I railroads. CN also has an intermodal facility in New Orleans. The Port of New Orleans has an intermodal terminal adjacent to its Napoleon Avenue Container Terminal, providing on-dock access for all rail shipments. The Mississippi River Intermodal Terminal is a modern, efficient transfer terminal, offering on-dock access and helping to grow CN's container volumes.MichiganCN expects to spend $55 million in Michigan in 2020.Projects include replacing approximately 5 miles of rail, installing over 105,000 new railroad ties, rebuilding 24 road crossing surfaces and conducting infrastructure maintenance.CN operates 904 route miles in Michigan. The railway has invested more than $610 million in the state in the past five years. In the Lower Peninsula, CN has rail yards in Battle Creek, Flint and Port Huron in Flat Rock, while rail yards in the Upper Peninsula include those in Escanaba and Gladstone. WisconsinCN expects to invest $100 million in Wisconsin to support projects such as a new auto compound in New Richmond and infrastructure and vessel maintenance.CN plans to replace more than 9 miles of rail, install over 60,000 new railroad ties, rebuild 48 road crossing surfaces and conduct infrastructure maintenance. The railway operates 1,428 route miles in Wisconsin. CN has intermodal terminals in Chippewa Falls and Arcadia. It has invested approximately $970 million in the state in the past five years. Click here for more FreightWaves articles by Joanna Marsh.Related articles:CN eyes intermodal opportunities to boost 2H 2020Coronavirus pandemic wracks CN's second-quarter profitCN announces capital plans for Saskatchewan, Manitoba and New BrunswickSee more from Benzinga * Weekly U.S. Intermodal Volumes Narrow Gap * Labor Union Presses Railroads On Additional Coronavirus Measures * Canadian Class I Railroads Boast Record Grain Volumes For June(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/30/2020
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Aegion Corporation Reports 2020 Second Quarter Financial Results
- Q2’20 results exceeded expectations; Solid market position and portfolio strength to successfully navigate near-term challenges ST. LOUIS, July 29, 2020 (GLOBE NEWSWIRE) -- A PDF accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/188bedbc-da35-4bdb-979a-c40f5370795b * Q2’20 earnings per diluted share were $0.12 compared to a loss per diluted share of $0.27 in Q2’19. Q2’20 adjusted (non-GAAP)1 earnings per diluted share were $0.25 compared to $0.37 in the prior year. * Revenues in the quarter were $245 million. Despite year-over-year COVID-related disruptions and revenue declines across much of the business, the flagship Insituform North America business successfully grew revenues, new orders and backlog, underpinned by our leading position combined with the strength and stability of the North American municipal water and wastewater markets. * Contract backlog as of June 30, 2020, was $669 million. Excluding exited or to-be-exited businesses, backlog increased 4% over the prior year, driven by increases across all segments and providing confidence in future earnings and cash flow stability. * Year-to-date operating cash flows as of June 30, 2020, were $60 million, an increase of more than four times the prior-year level, which enabled more than $40 million in debt reduction in Q2’20 and drove a global ending cash balance of $96 million. * The Company is targeting Q3’20 adjusted EPS of $0.25 to $0.35.1Adjusted (non-GAAP) results exclude certain charges related to the Company’s restructuring activities, acquisition and divestiture-related expenses, goodwill and indefinite-lived intangible asset impairment, impairment of assets held for sale, project warranty accruals, credit facility amendment fees and impacts from the Tax Cuts and Jobs Act. Reconciliation of adjusted results is included below.Q2’20 HIGHLIGHTS * Exceptional Infrastructure Solutions performance and strong cost and cash management across the business drove results higher than expectations and enabled an accelerated repayment of $2.5 million of temporary wage reductions to a portion of the North American workforce. * Infrastructure Solutions strength helped offset a sharp decline in volumes and profitability at Energy Services as a result of COVID-related disruptions. * Despite top-line disruptions across much of the business, the Company delivered a 50 basis point increase in adjusted gross margins and held adjusted operating margins flat compared to the prior year.“Our ability to exceed performance expectations in the quarter amid unprecedented market disruption is a testament to the success of our efforts in reshaping Aegion to deliver improved earnings stability and cash flow generation in all market cycles. Our scale, unmatched North American market reach and focus on maintaining and rehabilitating critical infrastructure continue to be key differentiating factors in navigating COVID disruptions.While the near-term outlook remains choppy, primarily in our Energy Services business, our long-term fundamentals are sound, underpinned by significant exposure to the more stable and resilient North American municipal water and wastewater markets, where we’ve seen double-digit growth year to date. Our balance sheet is in great shape and we are well positioned to emerge stronger from this period of uncertainty.”Charles R. Gordon, President and Chief Executive Officer Selected Consolidated Financial Highlights Quarter Ended June 30, 2020 Quarter Ended June 30, 2019 (in thousands, except earnings per share)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues$ 245,017 $ — $ 245,017 $ 318,740 $ — $ 318,740 Cost of revenues 191,442 79 191,521 251,303 (396) 250,907 Gross profit 53,575 (79) 53,496 67,437 396 67,833 Operating expenses 41,970 (2,966) 39,004 51,254 (2,228) 49,026 Goodwill impairment 1,258 (1,258) — — — — Definite-lived intangible asset impairment 957 (957) — — — — Impairment (gain) of assets held for sale (658) 658 — 11,946 (11,946) — Acquisition and divestiture expenses 657 (657) — 804 (804) — Restructuring and related charges 664 (664) — 2,974 (2,974) — Operating income 8,727 5,765 14,492 459 18,348 18,807 Other income (expense) (3,511) (508) (4,019) (4,320) 941 (3,379) Income (loss) before taxes on income 5,216 5,257 10,473 (3,861) 19,289 15,428 Taxes on income (loss) 1,220 1,219 2,439 4,286 (747) 3,539 Net Income (loss) (attributable to Aegion Corporation) 3,856 3,988 7,844 (8,366) 20,036 11,670 Diluted earnings (loss) per share$ 0.12 $ 0.13 $ 0.25 $ (0.27)$ 0.64 $ 0.37 Net income (loss) and diluted earnings (loss) per share includes non-controlling interest(1) Q2’20 non-GAAP pre-tax adjustments: * Restructuring: Gains for cost of revenues of $79 primarily related to recoveries of inventory write offs; charges for operating expenses of $2,966 primarily related to wind-down costs, reserves for potentially uncollectible receivables, fixed asset disposals and other restructuring-related charges; goodwill and definite-lived intangible asset impairment charges of $1,258 and $957, respectively, related to restructured operations; charges of $664 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; and income for other income/expense of $933 related to net gains on disposal of certain restructured operations and the release of cumulative currency translation adjustments. * Acquisition and Divestiture Expenses: Expenses of $657 incurred primarily in connection with the Company’s divestitures of Australia and Spain and its planned divestiture of its held for sale operations; gains of $658 related to recoveries of previously reserved customer receivables in our held for sale operations; and a working capital adjustment of $244 for the divestiture of Spain. * Credit Facility Fees: Expenses of $669 related to certain out-of-pocket expenses and acceleration of certain unamortized fees associated with amending the Company’s credit facility.(2) Q2’19 non-GAAP pre-tax adjustments: * Restructuring: Charges for cost of revenues of $396 primarily related to inventory write offs; charges for operating expenses of $2,205 primarily related to wind-down expenses, reserves for potentially uncollectible receivables, fixed asset disposals and other restructuring-related charges; charges of $2,974 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; charges for other expense of $941 related to net losses on disposal of certain restructured operations and the release of cumulative currency translation adjustments; and charges for foreign withholding taxes of $2,073 on the repatriation of foreign earnings. * Acquisition and Divestiture Expenses: Charges of $11,946 related to the impairment of held for sale operations (CIPP operations in Australia and the Netherlands, Corrpower and United Mexico); and expenses of $804 incurred primarily in connection with the Company’s planned divestiture of its held for sale operations. * Tax Cuts and Jobs Act: Expenses of $23 related to professional fees resulting from the Tax Cuts and Jobs Act. Selected Segment Financial Highlights Quarter Ended June 30, 2020 Quarter Ended June 30, 2019 (in thousands)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues: Infrastructure Solutions$ 137,392 $ — $ 137,392 $ 155,439 $ — $ 155,439 Corrosion Protection 55,491 — 55,491 77,597 — 77,597 Energy Services 52,134 — 52,134 85,704 — 85,704 Total Revenues$ 245,017 $ — $ 245,017 $ 318,740 $ — $ 318,740 Gross Profit: Infrastructure Solutions$ 35,667 $ 52 $ 35,719 $ 38,871 $ (67)$ 38,804 Gross Profit Margin 26.0% 26.0% 25.0% 25.0% Corrosion Protection 14,111 (131) 13,980 16,692 463 17,155 Gross Profit Margin 25.4% 25.2% 21.5% 22.1% Energy Services 3,797 — 3,797 11,874 — 11,874 Gross Profit Margin 7.3% 7.3% 13.9% 13.9% Total Gross Profit$ 53,575 $ (79)$ 53,496 $ 67,437 $ 396 $ 67,833 Gross Profit Margin 21.9% 21.8% 21.2% 21.3% Operating Income (Loss): Infrastructure Solutions$ 21,004 $ (585)$ 20,419 $ 9,120 $ 10,791 $ 19,911 Operating Margin 15.3% 14.9% 5.9% 12.8% Corrosion Protection 699 1,344 2,043 (3,863) 6,272 2,409 Operating Margin 1.3% 3.7% (5.0)% 3.1% Energy Services (5,713) 3,454 (2,259) 4,107 6 4,113 Operating Margin (11.0)% (4.3)% 4.8% 4.8% Corporate (7,263) 1,552 (5,711) (8,905) 1,279 (7,626) Operating Margin (3.0)% (2.3)% (2.8)% (2.4)% Total Operating Income$ 8,727 $ 5,765 $ 14,492 $ 459 $ 18,348 $ 18,807 Operating Margin 3.6% 5.9% 0.1% 5.9% _________________________________(1) Includes non-GAAP adjustments related to: * Infrastructure Solutions \- (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs, wind-down costs, fixed assets disposals and other restructuring charges; and (ii) expenses incurred in connection with the divestitures of Australia and Spain.
- 07/29/2020
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CN Investing $30 Million in Tennessee
- Investments Focused on Safety and Capacity to Strengthen Rail Network, Help Reduce Emissions, and Support Economic Growth HOMEWOOD, Ill., July 29, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $30 million (USD) across Tennessee in 2020. The program will focus on yard upgrades, replacement of rail and ties, as well as maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.“We take our essential role in the North American economy seriously and these investments in Tennessee are a key part of our strategy to support growth. The Company remains committed to help enable supply chains that fuel Tennessee’s growth as we are a critical part of getting everyday goods to markets and consumers. Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity, we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.” - Derek Taylor, Vice-President, Eastern Region at CN“Private investments in our rail infrastructure provide numerous benefits to the economy as a whole and are critical now more than ever. I greatly appreciate CN’s continued commitment to improving the transportation network and aiding in America’s economic recovery.” - Clay Bright, TDOT CommissionerThe Company’s investments will create greater capacity, which supports reductions in its customer’s transportation supply chain GHG emissions, by encouraging the use of rail for long haul needs. This reduces emissions, traffic congestion, accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75%. The Company will continue to deploy important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars and Automated Inspection Portals.Maintenance program highlights include: * Replacement of 7 miles of rail * Installation of over 25,000 new railroad ties * Rebuilds of 17 road crossing surfaces * Maintenance work on bridges, level crossings, culverts, signal systems and other track infrastructureTennessee in numbers: * Capital investments: More than $ 205 million in the last five years * Employees: approximately 649 * Railroad route miles operated: 173 * Community partnerships: $172,000 in 2019 * Local spending: $34 million in 2019 * Cash taxes paid: $5,000 in 2019Western Tennessee is CN’s gateway to the south. CN’s yard in Memphis is a major freight handling point and the hub of CN’s U.S. operations south of Chicago. It is one of only two hump yards in the U.S. (CN has four hump yards on its entire network) and serves as an interchange point with four other Class I railroads. The Memphis Yard is also the location of a major CN railcar/locomotive repair shop. An important CN intermodal terminal is in Memphis at the Frank Pigeon Industrial Park. CN also serves President’s Island, an industrial core in Memphis.Forward-looking statements Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company’s website at www.cn.ca.Contacts: Media Investors Jonathan Abecassis Paul Butcher Senior Manager Vice-President Media Relations Investor Relations (514) 399-7956 (514) 399-0052
- 07/29/2020
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Moving Average Crossover Alert: Canadian National Railway
- Canadian National Railway Company is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 07/29/2020
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CN Investing $165 Million in Illinois
- Investments Focused on Safety and Capacity to Strengthen Rail Network, Help Reduce Emissions, and Support Economic GrowthHOMEWOOD, Ill., July 28, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $165 million (USD) across Illinois in 2020. The investments will focus on the Chicago St Charles Airline Bridge renewal as well as the replacement of rail and ties and maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure. “We take our essential role in the North American economy seriously and these investments in Illinois are a key part of our strategy to support growth. The Company remains committed to help enable supply chains that fuel Illinois’ growth as we are a critical part of getting everyday goods to markets and consumers. Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity, we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.” - Derek Taylor, Vice-President, Eastern Region at CN“Sustained long term investment in our infrastructure is something every part of our country needs. Illinois has been blessed with freight rail partners, like CN, who year after year contribute hundreds of millions of dollars of private investment in our state. CN surpassing $1.3 billion in private CAPEX in Illinois alone over the last five years has set the foundation for the quick economic recovery we all seek.” - Mike Hastings, Illinois State Senator, the 19th Senate District includes portions of Cook and Will Counties, home to many communities at the core of CN’s Illinois network.The Company’s investments will create greater capacity, which supports reductions in its customer’s transportation supply chain GHG emissions, by encouraging the use of rail for long haul needs. This reduces emissions, traffic congestion, accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75%. The Company will continue to deploy important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars and Automated Inspection Portals. Maintenance program highlights include: * Replacement of 9 miles of rail * Installation of over 180,000 new railroad ties * Rebuilds of 45 road crossing surfaces * Maintenance work on bridges, culverts, signal systems, and other track infrastructureIllinois in numbers: * Capital investments: More than $1,3 billion in the last five years * Employees: approximately 1,825 * Railroad route miles operated: 1,253 * Community partnerships: $247,000 in 2019 * Local spending: $1 billion in 2019 * Cash taxes paid: $35 million in 2019Illinois is CN’s largest state in terms of operations and employees. CN’s routes from throughout North America converge in Chicago. Homewood, a Chicago suburb, is home to CN’s U.S. headquarters and a modern training centre. CN Campus is focused on instilling and reinforcing a strong safety culture. In 2019, nearly 3,000 experienced railroaders, new hires and customers received a complete range of hands-on technical training.Forward-looking statements Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company’s website at www.cn.ca.Contacts: MediaInvestors Jonathan Abecassis Paul Butcher Senior ManagerVice-President Media RelationsInvestor Relations (514) 399-7956(514) 399-0052
- 07/28/2020
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What Kind Of Shareholders Own Canadian National Railway Company (TSE:CNR)?
- The big shareholder groups in Canadian National Railway Company (TSE:CNR) have power over the company. Institutions...
- 07/28/2020
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CN Investing $60 Million in Louisiana
- Investments Focused on Safety and Capacity to Strengthen Rail Network, Help Reduce Emissions, and Support Economic Growth HOMEWOOD, Ill., July 27, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $60 million (USD) across Louisiana in 2020. The investments includes a multi-year project to rebuild the McComb Spillway Bridge, replacement of rail and ties, as well as maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.“We take our essential role in the North American economy seriously and these investments in Louisiana are a key part of our strategy to support growth. The Company remains committed to help enable supply chains that fuel Louisiana’s growth as we are a critical part of getting everyday goods to markets and consumers. Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity, we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.” - Derek Taylor, Vice-President, Eastern Region at CN“Every economic recovery is enabled by robust infrastructure investments and open access to markets. That is why CN’s more than $280 million of private capital investment in Louisiana over the last five years will enable US products to find global markets to drive a quick economic rebound.” – John Bel Edwards, Governor of the State of LouisianaThe Company’s investments will create greater capacity, which supports reductions in its customer’s transportation supply chain GHG emissions, by encouraging the use of rail for long haul needs. This reduces emissions, traffic congestion, accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75%. The Company will continue to deploy important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars and Automated Inspection Portals.Maintenance program highlights include: * Replacement of 6 miles of rail * Installation of over 20,000 new railroad ties * Rebuilds of 21 road crossing surfaces * Maintenance work on bridges, level crossings, culverts, signal systems and other track infrastructureLouisiana in numbers: * Capital investments: More than $ 280 million in the last five years * Employees: approximately 328 * Railroad route miles operated: 227 * Community partnerships: $65,000 in 2019 * Local spending: $28 million in 2019 * Cash taxes paid: $6 million in 2019At the southern terminus of CN’s North American network, Louisiana handles growing volumes of traffic, most notably in the triangle formed by Hammond, Baton Rouge and the Port of New Orleans. CN’s major yards are in Baton Rouge, Geismar and Harrahan (Mays Yard) outside of New Orleans. At Mays Yard, CN connects to the New Orleans Public Belt Railroad, which links the city’s six Class I railroads. CN also has an intermodal facility in New Orleans. The Port of New Orleans has an intermodal terminal adjacent to its Napoleon Avenue Container Terminal providing on-dock access for all rail shipments. The Mississippi River Intermodal Terminal is a modern, efficient transfer terminal, offering on-dock access and helping to grow CN’s container volumes.Forward-looking statements Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company’s website at www.cn.ca.Contacts: Media Investors Jonathan Abecassis Paul Butcher Senior Manager Vice-President Media Relations Investor Relations (514) 399-7956 (514) 399-0052
- 07/27/2020
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CN Investing $100 Million in Wisconsin
- Investments Focused on Safety and Capacity to Strengthen Rail Network, Help Reduce Emissions, and Support Economic GrowthHOMEWOOD, Ill., July 24, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $100 million (USD) across Wisconsin in 2020. The investments will focus on a new auto compound in New Richmond, maintenance of vessels, replacement of rail and ties, as well as maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure. “We take our essential role in the North American economy seriously and these investments in Wisconsin are a key part of our strategy to support growth. The Company remains committed to help enable supply chains that fuel Wisconsin’s growth as we are a critical part of getting everyday goods to markets and consumers. Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity, we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.” - Derek Taylor, Vice-President, Eastern Region at CN“It’s great to hear that CN Railroad is once again investing more than $100 million in infrastructure improvements to its rail network in the Badger State. It’s a strong sign of faith in the Wisconsin and US economies. Sustained private investment in sectors like freight railroads will be essential to the state’s economic recovery from the COVID-19 pandemic.” - Robin Vos, Speaker of the Wisconsin State AssemblyThe Company’s investments will create greater capacity, which supports reductions in its customer’s transportation supply chain GHG emissions, by encouraging the use of rail for long haul needs. This reduces emissions, traffic congestion, accidents and burdens on public transportation infrastructure as one freight train can replace over 300 trucks from roads. Moving freight by rail instead of truck reduces GHG emissions by 75%. The Company will continue to deploy important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars and Automated Inspection Portals.Maintenance program highlights include: * Replacement of more than 9 miles of rail * Installation of over 60,000 new railroad ties * Rebuilds of 48 road crossing surfaces * Maintenance work on facilities, culverts, signal systems, and other track infrastructureWisconsin in numbers: * Capital investments: approximately $970 million in the last five years * Employees: approximately 1,413 * Railroad route miles operated: 1,428 * Community partnerships: $165,000 in 2019 * Local spending: $240 million in 2019 * Cash taxes paid: $21 million in 2019CN serves many local producers and general merchandise customers in Wisconsin, most notably from Milwaukee and Green Bay on Lake Michigan. CN also have intermodal terminals in Chippewa Falls and Arcadia. Since 2001, CN has invested over US$1 billion in infrastructure upgrades on its Wisconsin network to help create safe, efficient and competitive supply chain connections for our customers.Forward-looking statements Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company’s website at www.cn.ca.Contacts: MediaInvestors Jonathan Abecassis Paul Butcher Senior Manager Vice-President Media RelationsInvestor Relations (514) 399-7956 (514) 399-0052
- 07/24/2020
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Canadian National Railway: Offering A 1.8% Dividend Yield After A Satisfying First Semester
- Canadian National Railway was able to cut costs to reduce the negative impact of COVID-19. The net income was lower than expected due to a non-recurring C$486M impairment charge.
- 07/23/2020
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Canadian National's (CNI) Q2 Earnings Meet Estimates, Down Y/Y
- Low freight revenues and volumes amid COVID-19 hurt Canadian National's (CNI) second-quarter 2020 results.
- 07/22/2020
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Canadian National Railway Co (CNI) Q2 2020 Earnings Call Transcript
- CNI earnings call for the period ending June 30, 2020.
- 07/22/2020
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Motorhome Retirement: June Update, Finally Off To The Black Hills
- We finally got to get out and enjoy some the wonders the United States has to offer. We visited the Black Hills National Forest and the Badlands National Park.
- 07/22/2020
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Canadian National profit beats estimates on cost-saving moves
- "We will be ready and prepared if there is a second (virus) wave", Chief Executive Officer Jean-Jacques Ruest said on a call with analysts, adding the company will continue to increase capacity year-over-year. Canadian National reaffirmed its C$2.9 billion capital investment plan for 2020 and said it would acquire about 1,500 covered hopper cars to expand its grain export business for delivery starting next year. Canadian National's net income fell to C$545 million ($405.14 million) or 77 Canadian cents per share, in the quarter, from C$1.36 billion, or C$1.88 per share, a year earlier.
- 07/21/2020
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Canadian National Railway Company (CNI) CEO JJ Ruest on Q2 2020 Results - Earnings Call Transcript
- Canadian National Railway Company (NYSE:CNI) Q2 2020 Results Conference Call July 21, 2020 04:30 PM ET Company Participants Paul Butcher - VP, IR JJ Ruest - President and CEO Ghislain Houle - EVP and CFO Rob Reilly - EVP and COO Keith Reardon - SVP, Consumer Product Supply Chain James Cairns - SVP, Rail Centric Supply Chain Conference Call Participants Fadi Chamoun - BMO Ravi Shankar - Morgan Stanley Cherilyn Radbourne - TD Securities Ken Hoexter - Bank of America Chris Wetherbee - Citi Benoit Poirier - Desjardins Capital Scott Group - Wolfe Research Konark Gupta - Scotiabank Brian Ossenbeck - JP Morgan Walter Spracklin - RBC Capital Markets Brandon Oglenski - Barclays David Vernon - Bernstein Seldon Clarke - Deutsche Bank Jon Chappell - Evercore ISI Jason Seidl - Cowen Allison Landry - Credit Suisse Tom Wadewitz - UBS Presentation Operator CN Second Quarter 2020 Financial Results Conference Call will begin momentarily.
- 07/21/2020
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Canadian National Railway Company 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Canadian National Railway Company in conjunction with their 2020 Q2 earnings call.
- 07/21/2020
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Canadian National Faces Headwinds Into Earnings
- CNI reports earnings July 21st. Revenue is expected to fall hard.
- 07/20/2020
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If I Had To Build A New Portfolio Today
- What I would buy today if I wanted to create my own passive index ETF. The reasons why I'd hand-pick stocks rather than buy a commercial index fund.
- 07/20/2020
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The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- 07/17/2020
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Aegion Corporation Sets Date to Announce Second Quarter 2020 Financial Results
- ST. LOUIS, July 15, 2020 -- Aegion Corporation (NASDAQ:AEGN) will release its second quarter 2020 financial results after market close on Wednesday, July 29, 2020. Charles.
- 07/15/2020
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What's in Store for Canadian National (CNI) Q2 Earnings?
- Low fuel costs and the record movement of Canadian grain are likely to have aided Canadian National's (CNI) June-quarter earnings.
- 07/14/2020
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Canadian National (CNI) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
- CN (CNI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/14/2020
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Aegion Corporation Awarded $11.9 Million Wastewater Rehabilitation Contract from the City of Springfield, Missouri
- ST. LOUIS, July 14, 2020 (GLOBE NEWSWIRE) -- Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies USA, LLC, has been awarded a wastewater rehabilitation contract valued at $11.9 million from the City of Springfield, Missouri. Insituform will rehabilitate approximately 550,000 linear feet—the equivalent of more than 104 miles—of sanitary sewer main utilizing trenchless technology, including 8-inch to 36-inch cured-in-place (CIPP) pipe, designed to minimize costs and potential disruptions to the community. Crews will also perform closed-circuit TV (CCTV) inspections and cleaning.Insituform has been awarded more than $30 million in contracts from the City of Springfield since 2011. Work on the latest project is expected to begin by early fall 2020 and conclude by the end of 2022.Charles R. Gordon, Aegion’s President and CEO, said, “This large-scale project is a testament to the City of Springfield’s commitment to its residents, especially in the current environment. We look forward to once again helping the City rehabilitate and restore the integrity of vital infrastructure systems with our best-in-class trenchless solutions.”About Aegion Corporation (NASDAQ: AEGN) Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure®. More information about Aegion can be found at https://www.aegion.com/. Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 2, 2020, and in subsequently filed documents, and, in particular, the impact of the current COVID-19 virus outbreak and the evolving response thereto. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements. Aegion® and the Aegion® logo are the registered trademarks of Aegion Corporation and its affiliates. For more information, contact: Katie Cason Senior Vice President, Strategy and Communications 636-530-8000 | kcason@aegion.com
- 07/14/2020
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Did Hedge Funds Make The Right Call On Canadian National Railway Company (CNI) ?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/11/2020
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Labor Union Presses Railroads On Additional Coronavirus Measures
- The Brotherhood of Maintenance of Way Employes Division (BMWED), a U.S. rail labor union affiliated with the International Brotherhood of Teamsters, wants the freight railroads to privately mandate the testing and tracing of the COVID-19 virus among employees after the recent deaths of several members."The pandemic is not slowing nationally. Numbers are rising and the death toll is increasing. We understand that train service must continue. We remain willing — as always — to work to that goal," BMWED said. "But, we will not be sacrificial pawns to railroads who resist implementing screening and tracing procedures that would greatly help control COVID-19 spread. We are not going to continue to have our members die."The group sent letters last week to the heads of the seven Class I railroads, pressing the executives to consider implementing stricter measures that would ensure that sick workers aren't on the job. These measures include prescreening tools such as temperature checking and symptom assessments, contact tracing, quarantines of employees who were exposed to infected co-workers, and regular testing of employees.The letters come after four BMWED members have died from the coronavirus. The group didn't say where the members worked. BMWED said it sent similar letters to Amtrak and the Metra commuter railroads in June."The safety and well-being of railroad workers is a mutual interest between the Railroad and the BMWED. Should you desire the BMWED's leadership is ready to meet immediately to work collaboratively. ... The BMWED members will continue to show up for America and perform this essential service. In the same way, the railroad needs to start showing up for the workers and the public by ensuring that they take all necessary steps and protocols to protect them from this life-threatening disease," said BMWED President Freddie N. Simpson in letters to the railroads.The letter also included a 13-page white paper on suggested federal guidelines that the railroads could consider.The railroads' responsesThe railroads and the unions have conducted conference calls daily on best practices, according to the Association of American Railroads. Individual railroad companies also said they have implemented safety protocols.Kansas City Southern"Since March 2020, [Kansas City Southern (NYSE: KSU)] KCS has and continues to follow appropriate guidelines issued by the U.S. Centers for Disease Control [and Prevention, also known as CDC] and the Mexican government for the safety and well-being of essential railroad workers. Accordingly, many of the requests made in the BMWED's letter are consistent with practices already in place at KCS. We continue to engage in open dialogue with union representation," KCS told FreightWaves.Union PacificUnion Pacific Corporation (NYSE: UNP) said, "We continue to follow CDC recommendations and are taking steps to keep employees safe and healthy. Many of the things referenced in the letter have been in place since the start of the pandemic. We also continue to have an open dialog with our union representatives."BNSFBNSF Railway Company responded, "From the outset of the pandemic, we've had two main objectives: Protect the health of our employees and keep trains running. As the situation and environment around us has evolved, we have continued to evolve with it. We've grounded all of our decisions in CDC guidance and made adjustments to our policies and protocols to protect the health of our employees and the integrity of our operations."BNSF continued, "We acted quickly to implement the necessary precautions to protect health and safety including additional cleaning protocols and sufficient cleaning supplies, requiring face coverings where social distancing isn't possible and response protocols for employees testing positive that not only protect the health of the employee but also those employees who may have been close contacts. This includes quarantine periods and self-assessment before returning to work in consult with our medical team."BNSF concluded, "Frequent testing is essential to controlling the spread of COVID-19 and we have diligently worked to secure testing access for our employees in the 28 states in which BNSF operates." CSXCSX Corporation (NASDAQ: CSX) said, "CSX railroaders have continued to ensure essential goods are getting to American consumers, and the company has followed all CDC recommendations and preventative measures since the start of the pandemic. We provide masks, gloves and cleaning supplies to all employees and have significantly increased sanitation of high-touch, high-traffic areas across our network. We are closely monitoring the virus and remain in constant communication with our employees, union representatives, customers, and vendors."Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) responded, "Ensuring every Norfolk Southern employee goes home safe every night is a responsibility we always take seriously. Well before COVID-19 evolved into a global pandemic, we were responsive, flexible and transparent. We launched our Pandemic Taskforce, acted quickly based on CDC guidelines and took extensive measures to keep employees safe. We have implemented physical distancing, required the use of face coverings when physical distancing is not possible, and established rigorous cleaning protocols."NS continued, "When we learn of an employee who has been diagnosed with COVID-19, we conduct contact tracing, alert employees potentially exposed and require them to quarantine as necessary. We have a hotline for employees to notify us of any health or safety concerns so we can address them. All of these measures are communicated as part of open dialogue with our employee unions, and remain in place as we continue to monitor cases of COVID-19 to protect the health of our employees, their families and people in the communities we serve. CNCanadian National Railway Company (NYSE: CNI) said it deployed a multiphase pandemic plan in March that included measures such as increasing social distancing, requiring self-isolation for employees exhibiting symptoms, and conducting "amplified" cleaning regimens on trains and in terminals, bunkhouses and offices, among other measures."CN is a responsible global corporation with over 25,000 employees, and we are taking all necessary steps to protect our employees, the communities in which we operate and our customers, vendors and partners and their employees, in response to the unprecedented challenges associated with the coronavirus (COVID-19)," CN said.CN also said its staff medical team and occupational health department "are playing a pivotal role in our pandemic planning. They are fully aligned and take direction from the World Health Organization, as well as provincial, state and federal authorities as required. They are also a member of the Association of American Railroad Health Committee."Click here for more FreightWaves articles by Joanna Marsh.Related articles:Federal Railroad Administration extends temporary safety waiversThree known cases of coronavirus reported at two Class I railroadsFreight railroads further adjust workforce plans amid coronavirus pandemicFreight railroads monitor network for coronavirus impactsSee more from Benzinga * YRCW Won't Face Loan Maturity Payments For 4+ Years Under New Deal * Cargo-Friendly Airports Shine During COVID Crisis * Convoy Integrates With KeepTruckin To Improve Shipment Tracking(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/09/2020
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CANADA STOCKS-TSX futures drop as virus anxiety grows
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Canadian National Sets Multiple Records for Grain Movement
- Canadian National (CNI) moves a record 8.15MMT of Canadian grain during second-quarter 2020.
- 07/08/2020
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CN Investing $105 Million in Saskatchewan
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $105 million (CAD) across Saskatchewan in 2020. The investments will focus on the replacement of rail and ties, as well as the maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.
- 07/08/2020
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CN Breaks Multiple Grain Records
- CN (CNR.TO) (CNI) announced today that it has achieved another monthly record in June moving 2.7 million metric tonnes (MMT) of Canadian grain. In the first half of 2020 through June 30, CN moved 15 MMT. This also represents a new all-time best quarter for CN with 8.15 MMT moved.
- 07/07/2020
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CN Investing $105 Million in Manitoba
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest over $105 million (CAD) across Manitoba in 2020. The investments will focus on maintenance including the replacement of rail and ties, as well as bridges, level crossings, culverts, signal systems and other track infrastructure.
- 07/07/2020
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Aegion Corporation (NASDAQ:AEGN) Shares Could Be 47% Below Their Intrinsic Value Estimate
- In this article we are going to estimate the intrinsic value of Aegion Corporation (NASDAQ:AEGN) by estimating the...
- 07/07/2020
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Freight Rail News Round-Up
- From capital investment plans to retirement to changes in fee schedules – here's a round-up of some freight rail news items:Railway Supply Institute Head To DepartMike O'Malley, president of the Railway Supply Institute (RSI), is leaving the group he heads at the end of the month. O'Malley, who has served as RSI's president since early 2018, will be pursuing opportunities outside of the Washington, D.C. area where RSI is based. RSI is a trade association representing 200 rail suppliers in freight and passenger rail. Members are companies within the mechanical, communications and signaling, maintenance of way and passenger rail industries. Existing RSI Senior Vice President Nicole Brewin will oversee the association as the group's board examines candidates to replace O'Malley. The board's executive committee will also provide oversight and support to Brewin and to RSI's staff."Mike's experience in both government and the rail industry has served RSI well and we have accomplished a great deal during his tenure. Under his leadership, RSI and our members have shaped critical legislative and regulatory policies affecting our industry and strengthened our voice in the nation's capital," said Jason Connell, chairman of the RSI board of directors. Connell continued, "RSI appreciates Mike's service to the organization and the industry and wishes Mike the best in his new endeavors. Thanks to the continuing support of its dedicated members, the organization remains healthy and financially stable. RSI is well-positioned to navigate the current situation and emerge a stronger association." CN To Invest C$10 Million In Nova Scotia InfrastructureCanadian National Railway CN (NYSE: CNI) expects to spend over C$10 million in infrastructure investments and maintenance in Nova Scotia this year.CN's capital improvement program for the province includes replacing rail and ties, rebuilding road crossing surfaces and conducting maintenance work on bridges, culverts, signal systems and other track infrastructure. The railway says it has spent approximately $85 million on infrastructure projects and maintenance in Nova Scotia over the last five years.CN announced its capital investment plans for Ontario, British Columbia, Alberta and Quebec last week.CN expects to replace four miles of rail track, install approximately 30,000 new railroad ties, rebuild eight road crossing surfaces and conduct maintenance work. CN operates 162 route miles in the province. The Port of Halifax is located in Nova Scotia, and CN handles all the rail-served import and export containers there. CN also has an intermodal terminal in Halifax. The port also has a major autoport that receives imported vehicles for distribution across North America.Norfolk Southern Details Changes To Demurrage And Accessorial ChargesNorfolk Southern Corp (NYSE: NSC) has made some changes to its demurrage and accessorial charges. The changes are described here and information about the tariffs can be found here. The changes to the company's demurrage tariffs pertain to rules and charges related to switching railcars from one track to another within Norfolk Southern's (NS) system and for moving equipment between NS track and the track of another railroad. The changes are effective on August 1. The railroad's changes to its accessorial charges pertain to specific rules and charges such as diversion, reconsignments, overloaded cars, use of cranes and derricks for loading and unloading, and storage. These changes are also effective on August 1.Click here for more FreightWaves articles by Joanna Marsh.Related articles:Putting the brakes on brakesStakeholders await new guidance on rail track and brake safety standardsCN to invest 0 million in Ontario assetsCN plans nearly C billion in capital projectsNorfolk Southern makes changes to demurrage and accessorial chargesSee more from Benzinga * June Rail Traffic Sees Recovery 'Accelerate' * CN Plans Nearly C Billion In Capital Projects * Class 1 Railroads To Retain Cost-Cutting Measures(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/06/2020
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CN Investing $20 Million in New Brunswick
- CN (CNR.TO) (CNI) announced today that it plans to invest approximately $20 million (CAD) across New Brunswick in 2020. The program will focus on rebuilding and strengthening bridges, the replacement of rail and ties, rebuilding road crossing surfaces as well as maintenance work on culverts, signal systems and other track infrastructure. The Company remains committed to help enable supply chains that fuel New Brunswick’s growth as we are a critical part of getting everyday goods to markets and consumers.
- 07/06/2020
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CN Investing $10 Million in Nova Scotia
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest over $10 million (CAD) across Nova Scotia in 2020. The investments will focus on the replacement of rail and ties, rebuilding road crossing surfaces as well as maintenance work on bridges, culverts, signal systems and other track infrastructure.
- 07/02/2020
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CN Investing $310 Million in Ontario
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $310 million (CAD) across Ontario in 2020. The investments will focus on intermodal facilities, the replacement of rail and ties, as well as the maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.
- 06/30/2020
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CN Plans Nearly C$1 Billion In Capital Projects
- Canadian National Railway (NYSE: CNI) is investing C$985 million (US$720.1 million) in capital improvement projects in the provinces of Alberta, British Columbia and Quebec in 2020.The capital projects come as CN has laid out its long-term intentions to bolster its eastern operations while also expanding network capacity in western Canada to handle greater export volumes. CN's overall capital budget for 2020 is $2.9 billion, and executives have said that CN will use the lower-volume environment of 2020 to conduct track maintenance to ensure the network's health. The lower-volume environment enables CN "to further strengthen our railroad in terms of having the additional time available out there on the track," said Rob Reilly, CN"s chief operating officer during the company's first-quarter earnings call on April 27.Earlier this month, CN touted its expanding propane export capabilities at Prince Rupert in British Columbia. And in February, the Canadian government laid out plans to invest $15 million in rail-related infrastructure in energy-producing Alberta.Capital Projects In British ColumbiaCN expects to spend approximately $445 million this year in expansion projects and maintenance in British Columbia. The railway has invested more than $1.3 billion in the province in the last five years.Projects that CN says will expand capacity include the construction of 3.5 miles of double track between Vancouver and Edmonton; new sidings in the rail corridor between Edmonton and Prince Rupert; and continued support of multi-year infrastructure projects at the ports of Vancouver and Prince Rupert that are being done in collaboration with the Canadian government and the port authorities of Vancouver and Prince Rupert.Maintenance projects include the replacement of more than 100 miles of rail, the installation of over 209,000 new railroad ties and over 46,000 concrete ties, the rebuild of 22 road crossing surfaces and maintenance work on bridges, culverts, signal systems and other track infrastructure, CN said. CN has 2,814 route miles in the province.CN's British Columbia facilities include coal, grain and intermodal terminals at the Port of Vancouver, as well as a major rail classification yard and multiple distribution centers for forest products, metals and automotive products in the greater Vancouver area. CN also has CargoFlo bulk handling facilities in Vancouver and Ashcroft and an intermodal terminal at Prince George.Capital Projects In QuebecAbout $235 million will be for capital projects in Quebec, including projects to advance information technology and positive train control, the replacement of rail and ties, and the maintenance of track infrastructure. The railway said it has spent more than $1.8 billion in the province in the last five years.Maintenance improvements include replacing more than 20 miles of rail, installing approximately 140,000 new railroad ties, rebuilding 47 road crossing surfaces and maintenance work on bridges, culverts, signal systems, and other track infrastructure, CN said. CN has 2,041 route miles in the province.Facilities in Montreal include a major rail classification yard and repair shops and CN's headquarters. They also include an intermodal terminal, logistics park, automotive and metals distribution centers, and a CargoFlo bulk handling facility, in addition to service to the Port of Montreal.In Quebec City, CN has a large classification yard as well as access to a deep-water port and metals, automotive, and forest products distribution centers. CN has also been partnering with Hutchison Ports and the Port of Quebec to construct a new intermodal container terminal that will have a capacity of 700,000 twenty-foot equivalent units (TEUs). CN expects the container terminal to be open in spring 2024.Capital Projects In AlbertaCN is also spending approximately $305 million on capital projects in Alberta. Projects include the construction of five miles of double track between Vancouver and Edmonton near Hinton, the replacement of rail ties and maintenance work on level crossings, bridges, culverts, signal systems, and other track infrastructure. The railway has spent more than $1.4 billion in the last five years on capital projects in the province.CN's maintenance projects in Alberta include the replacement of approximately 71 miles of rail track, the installation of over 210,000 new railroad ties, and the rebuilding of 28 road crossing surfaces. CN has 2,522 route miles in Alberta.CN's facilities in Alberta support the province's agricultural and energy sectors, as well as intermodal business at Calgary and Edmonton. Calgary facilities include a logistics park, an automotive distribution facility, a forest products distribution center, and a CN CargoFlo bulk handling facility. CN's footprint in Edmonton includes automotive distribution and CargoFlo bulk handling facilities, and metals and forest products distribution centers. CN also has rail classification yards in Edmonton and Calgary, as well as railcar and locomotive repair shops at Edmonton's Walker Yard. Click here for more FreightWaves articles by Joanna Marsh.Related articles:CN benefits from British Columbia's growing propane exportsCanadian National eyes growth opportunities in intermodal, crude-by-railCanada invests in rail infrastructure in energy-producing AlbertaSee more from Benzinga * Teknowlogi Uses AI To Automate Email Quote Requests * Rising Ocean Freight Rates The Result Of Blank Sailings * Amazon Doling Out 0 Million 'Thank You' To Workers(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/29/2020
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CN Rail to invest C$445 million in British Columbia in 2020
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CN Rail to invest C$445 mln in British Columbia in 2020
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CN Investing $445 Million in British Columbia
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $445 million (CAD) across British Columbia in 2020. The investments will include expansion projects that will add track in yards to handle growing traffic, new sidings as well as continued investments in multi-year initiatives to increase capacity at the Port of Vancouver and at the Port of Prince Rupert in collaboration with the Government of Canada, the Vancouver Fraser Port Authority, and the Prince Rupert Port Authority.
- 06/29/2020
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Canadian National to Shell Out C$305M for Alberta Development
- Canadian National's (CNI) strategic investment plans for 2020 are aimed at promoting safety and supporting economic growth.
- 06/29/2020
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How To Beat The Next Black Swan
- I propose that the next black swan that could erode risk assets is inflation. After 40 years of disinflation and falling yields, inflation simply isn't in the v
- 06/29/2020
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Dividend Champion And Contender Highlights: Week Of June 28
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 06/27/2020
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CN Investing $305 Million in Alberta
- CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $305 million (CAD) across Alberta in 2020. The investments will include expansion projects such as the construction of double track to allow more trains to pass on CN’s mainline. The maintenance program will focus on the replacement of rail and ties, as well as maintenance work on level crossings, bridges, culverts, signal systems and other track infrastructure.
- 06/26/2020
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Grand Trunk Western Railroad Company -- Moody's affirms ratings of Canadian National Rail, senior unsecured at A2; outlook stable
- Moody's Investors Service, ("Moody's") affirmed the ratings of Canadian National Railway Company ("CN") including its A2 LT Issuer Rating, its A2 senior unsecured rating, its P-1 Commercial Paper rating and the A2 senior unsecured debt rating of Illinois Central Railroad Company, which is guaranteed by CN. CN is constrained by the decline in its credit metrics in more recent periods, affected by a strike in the fourth quarter of 2019, blockades on its network in the first quarter of 2020, but also due to large shareholder payments in the past two years by way of both dividends and share buybacks of approximately CAD3.2 billion/year at the same time that capital expenditures increased from CAD2.7 billion (in 2017) to CAD3.9 billion (in 2019).
- 06/25/2020
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CN Investing $235 Million in Quebec
- MONTRÉAL, June 25, 2020 (GLOBE NEWSWIRE) -- CN (CNR.TO) (CNI) announced today that it plans to invest approximately $235 million (CAD) across Quebec in 2020. The investments include various information technology projects, Positive Train Control, the replacement of rail and ties, as well as the maintenance of level crossings, culverts, signal systems and other track infrastructure.
- 06/25/2020
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CN to report second quarter 2020 financial and operating results on July 21, 2020
- MONTREAL, June 25, 2020 -- CN (TSX: CNR) (NYSE: CNI) will issue its second quarter 2020 financial and operating results on July 21, 2020, at 4:01 p.m. Eastern Daylight Time.
- 06/25/2020
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CANADA STOCKS--TSX futures rise on higher gold prices
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RPT-CN Rail sees eastern network revival on supply chain diversity, ports
- Canadian National Railway Co , the country's biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company's chief executive told Reuters on Friday. "The tariff war and coronavirus have intensified and accelerated these trends," CN CEO Jean-Jacques Ruest said. "CN is very focused to repurpose that network, which is in great shape and only running at 50% capacity," Ruest said.
- 06/22/2020
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CN Rail sees eastern network revival on supply chain diversity, ports
- Canadian National Railway Co , the country's biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company's chief executive told Reuters on Friday. "The tariff war and coronavirus have intensified and accelerated these trends," CN CEO Jean-Jacques Ruest said. "CN is very focused to repurpose that network, which is in great shape and only running at 50% capacity," Ruest said.
- 06/21/2020
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Corporate Canada joins travel industry's push to ease COVID-19 air curbs
- A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country's Globe and Mail newspaper on Thursday. The move lends support to the travel industry's push to relax air curbs as most international flights to and from Canada remain canceled. The executives, including the CEO of the largest Canadian lender Royal Bank of Canada, asked Prime Minister Justin Trudeau and provincial premiers to "find a responsible way to co-exist with COVID-19 until there is a vaccine."
- 06/18/2020
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Canadian grain exports flowing fast as pandemic lock-downs clear railway space
- Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Major exporters include Richardson International, Viterra and Cargill. Declining coal and crude volumes and Canadian National Railway Co's recent purchases of locomotives and hopper cars have driven up grain shipments, said Sean Finn, CN executive vice president of corporate services.
- 06/17/2020
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As Canada reopens, the search for PPE consumes company resources
- Canadian companies are scouring the globe, often at great expense, to secure personal protective equipment (PPE) for staff and customers as businesses reopen and coronavirus restrictions are eased. While larger companies, such as Canadian National Railway Co , are tapping their own global networks to located PPE, smaller companies are battling higher costs to stock up.
- 06/17/2020
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Here is What Hedge Funds Think About Aegion Corp (AEGN)
- In this article we will take a look at whether hedge funds think Aegion Corp (NASDAQ:AEGN) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
- 06/15/2020
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CN CEO and CFO to Speak on Company’s Post-Pandemic Plan at TD Securities Conference
- MONTREAL, June 11, 2020 -- JJ Ruest, President and Chief Executive Officer and Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE:.
- 06/11/2020
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CN Benefits From British Columbia's Growing Propane Exports
- Three vessels carrying Canadian propane destined for international markets departed from AltaGas' Ridley Island Propane Export Terminal on Thursday, beating a previous record by 50%, according to Canadian National Railway Company (NYSE: CNI). CN exclusively serves the facilities at the Port of Prince Rupert, which is where the AltaGas Ridley Terminal is located. The terminal has moved over 1 million metric tonnes of propane since it launched in May 2019. The increase in propane export volumes comes amid ongoing capacity expansions to grow propane export volumes out of British Columbia.Usually two vessels leave the Port of Prince Rupert monthly with propane, but this week, it was three vessels, according to CN."CN's investments in its Edmonton to Prince Rupert corridor continue to help support and enable strong and reliable supply chains," said Robert Reilly, executive vice president and chief operating officer at CN. "By investing in capacity, we are supporting our customers' ability to grow and expand to new markets."CN's increase in exports comes as more companies in British Columbia are seeking to take advantage of the global market for propane. The Canada Energy Regulator (CER) said on May 20 that British Columbia is gaining in its share of propane exports, with the province shipping 64,872 barrels per day (b/d) of propane in January, compared with Alberta's exports of 83,354 b/d.British Columbia is the second-largest exporting province of Canadian propane due in large part to two marine export terminals at its border points: the Ridley terminal, which is the first propane export terminal on Canada's west coast and has a capacity of 40,000 b/d, and Petrogas' 30,000-b/d marine terminal in Ferndale, Washington, according to CER. Natural gas production in western Canada has also increased in recent years, enabling more propane production from natural gas processing, CER said. Canada's propane exports from January to January 2020 by transport mode. Source: CERThe Ridley terminal came into service in May 2019 and is one of four propane export terminals that have been proposed for Canada's west coast in recent years, according to a July 2019 CER market report. Others are the 25,000-b/d Prince Rupert Export Terminal on Watson Island, which is being built by Pembia and has a tentative in-service date in the first quarter of 2021; a proposed 40,000-b/d terminal also on Ridley Island that would be operated by Vopak Pacific Canada; and a proposed 46,000-b/d terminal at Kitimat, which would be operated by Pacific Traverse. The latter two facilities could come online in 2022 and 2023, respectively, but are pending regulatory approvals and final investment decisions, CER said.The Canadian government has also been seeking to expand rail-related energy capacity in western Canada. In February, Transport Canada announced plans to invest C$15 million in rail-related improvements in Alberta to reduce bottlenecks on the western Canadian rail network along sites near energy production facilities.Flickr/Miroslav VolekSee more from Benzinga * Canadian Railroads Shatter Previous May Grain Records * Canadian Pacific Finalizes US Portion Of Atlantic Canada Short Line * Rail Pins Hopes On Auto Manufacturing As US Carloads Sustain Record Decline(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/11/2020
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CN Propane Supply Chain Sets New Record
- The Ridley Island Propane Export Terminal exclusively uses CN’s transcontinental rail network to safely transport propane from Alberta and British Columbia for export to global markets. “CN’s investments in its Edmonton to Prince Rupert corridor continue to help support and enable strong and reliable supply chains,” declared Robert Reilly, executive vice president and chief operating officer at CN.
- 06/11/2020
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Hedge Funds Are Souring On Canadian National Railway Company (CNI)?
- In this article we will check out the progression of hedge fund sentiment towards Canadian National Railway Company (NYSE:CNI) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]
- 06/08/2020
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Shares of several industrial companies are trading higher following strong US jobs numbers and continued optimism surrounding the reopening of the US economy. These have led to hopes of an economic rebound and an uptick in production/shipping activity.
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A Trio of Stocks for the Value Investor
- High sales and earnings at compelling valuations Continue reading...
- 06/04/2020
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Rise in Rail Shipments A Sign of Rebound in Canada
- (Bloomberg) -- One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.Volumes rose 4% at Canadian National Railway Co. in the last week of May as manufacturing and construction sectors reopened, said Chief Financial Officer Ghislain Houle. While the recovery is expected to be slow, it’s a positive sign after shipments hit bottom last month, he said.“I think we’re seeing the light at the end of the tunnel,” Houle said Tuesday at the UBS Global Industrials & Transportation virtual conference. “Hopefully, it will hold.”Rail volumes fell sharply during the height of the pandemic as manufacturers cut production amid shutdowns to contain the outbreak. CN laid off 4,000 employees and put 710 locomotives and 20,000 rail cars in storage in response to lower demand.Things started to pivot during the last week of May when lumber shipments rose 20% and automotive volumes climbed 60% from the previous week, Houle said. The railway is bullish on grain and coal shipments through the West Coast while crude and frack-sand shipments will probably remain under pressure amid low oil prices, he said.Pandemic Downturn Frees Up Rail Cars to End Canada Grain LogjamThe railway will be “patient” before returning locomotives, cars and crews back to its network. Volumes in June are expected to be “less worse” than May but still lower than a year ago, Houle said. The recovery will probably be gradual as social-distancing rules continue across parts of North America amid concerns there could be a second wave of the virus, he said.“It’s not all a rush at the gate,” Houle said. “It’s gradual.”(Corrects employee count in 4th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/02/2020
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CN Breaks Grain Record for Third Consecutive Month
- CN (CNR.TO) (CNI) Announced today that it moved over 2.52 million metric tonnes (MMT) of western Canadian grain, ahead of the previous May record of 2.40 MMT set in 2014 and over 20% ahead of the three year average. When looking at Canada-wide performance, CN also set a record for May with over 2.60 MMT moved compared to the previous record of 2.52 MMT set in 2014.
- 06/01/2020
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The Zacks Analyst Blog Highlights: T-Mobile US, Citigroup, Blackstone Group, Regeneron Pharmaceuticals and Canadian National Railway
- The Zacks Analyst Blog Highlights: T-Mobile US, Citigroup, Blackstone Group, Regeneron Pharmaceuticals and Canadian National Railway
- 05/29/2020
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Ghislain Houle, CN Executive Vice-President and Chief Financial Officer, to Participate in Two Virtual Investor Conferences on June 2 and 9
- MONTREAL, May 29, 2020 -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will participate in two virtual investor.
- 05/29/2020
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CN (CNI) Up 3.5% Since Last Earnings Report: Can It Continue?
- CN (CNI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/27/2020
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Canadian National to Expand Intermodal Service Offering
- Canadian National's (CNI) new intermodal rail service between Moncton and Halifax is expected to aid growth in the Atlantic region.
- 05/26/2020
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Shares of several industrial companies are trading higher in sympathy with the overall market as equities rally on coronavirus vaccine hopes as well as a pickup in economic activity as some US states reopen businesses.
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CN Announces New Intermodal Rail Service Between Moncton and Halifax
- Railway Aims to Encourage Efficiency Within Supply Chains MONTREAL, May 22, 2020 -- CN (TSX: CNR) (NYSE: CNI) announced today that, in collaboration with the Halifax Port.
- 05/22/2020
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Wells Fargo Maintains Equal-Weight on Canadian National Railway, Raises Price Target to $85
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JJ Ruest, CN President and Chief Executive Officer, and Ghislain Houle, Executive Vice-President and Chief Financial Officer to address Bernstein’s 36th Annual Strategic Decisions Conference on May 28
- MONTREAL, May 21, 2020 -- JJ Ruest, President and Chief Executive Officer and Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI),.
- 05/21/2020
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Shares of several industrial companies are trading higher amid market strength as news from a Moderna trial stoked optimism about a potential coronavirus vaccine, which has raised hopes of an economic rebound.
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Archon Partners LLC Buys CoStar Group Inc, JPMorgan Chase, MongoDB Inc, Sells HCA Healthcare ...
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Railway Association of Canada Appoints CN’s Fiona Murray as Board Chair
- CN (CNR.TO) (CNI) is pleased to announce that that the Board of Directors of the Railway Association of Canada (RAC) elected CN’s Fiona Murray, vice-president of Public and Government Affairs at CN, as Chairperson. “Fiona is a very effective and strong leader as well as an extremely capable railroader” said JJ Ruest, president and chief executive officer of CN.
- 05/14/2020
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Shares of several industrial companies are trading lower amid market weakness following US unemployment data and recent cautious comments from the WHO. Sentiment is also negative following cautious comments from Fed Chair Powell and bearish outlook from some major US investors on Wednesday. Cautious economic sentiment has potentially hampered the outlook for industrial output and investment.
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Ghislain Houle, CN executive vice-president and chief financial officer, to address the Wolfe Research Transportation & Industrial Conference on May 20
- MONTREAL, May 14, 2020 -- Ghislain Houle, executive vice-president and chief financial officer of CN (TSX: CNR) (NYSE: CNI), will address the Wolfe Research Transportation.
- 05/14/2020
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Lincluden Management Ltd Buys Magna International Inc, Canadian National Railway Co, Shaw ...
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Philly Fed Pres Harker Says Evidence Is Overwhelming Something Needs To Be Done To Help Train Workers For New Careers
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Ontario Teachers Pension Plan Board Buys Microsoft Corp, Alibaba Group Holding, Canadian ...
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Bradley Foster & Sargent Inc Buys Stryker Corp, IQVIA Holdings Inc, The Home Depot Inc, ...
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JJ Ruest to Participate in Two Virtual Investor Conferences on May 12 and 13
- MONTREAL, May 06, 2020 -- JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), will participate in two virtual investor conferences in May: BofA.
- 05/06/2020
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JJ Ruest to Participate in Two Virtual Investor Conferences on May –— and –'
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CN Proud to be Supporting Agri-Food Supply Chain as Company Sets New Grain Records
- MONTREAL, May 05, 2020 -- CN (TSX: CNR) (NYSE: CNI) announced that, after having its second best Q1 western Canadian grain movement result with 6.59 million metric tonnes (MMT).
- 05/05/2020
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CN Proud to be Supporting Agri-Food Supply Chain as Company Sets New Grain Records
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Were Hedge Funds Right About Canadian National Railway (CNI)?
- Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
- 05/04/2020
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Q3 2020 EPS Estimates for Canadian National Railway Cut by Raymond James (NYSE:CNI)
- Canadian National Railway (NYSE:CNI) (TSE:CNR) – Investment analysts at Raymond James decreased their Q3 2020 earnings per share estimates for shares of Canadian National Railway in a research report issued on Tuesday, April 28th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings per share of $1.02 for the quarter, […]
- 05/01/2020
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Crossmark Global Holdings Inc. Has $5.15 Million Stake in Canadian National Railway (NYSE:CNI)
- Crossmark Global Holdings Inc. boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,361 shares of the transportation company’s stock after buying an additional 10,910 shares during the […]
- 04/30/2020
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CN announces election of directors
- MONTREAL, April 29, 2020 -- CN (TSX: CNR) (NYSE: CNI) announced today that the director nominees listed in the management information circular dated March 10, 2020, were.
- 04/30/2020
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GSB Wealth Management, LLC Buys Canadian National Railway Co, Clorox Co, Novo Nordisk A/S, ...
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CN announces US$600-million debt offering
- MONTREAL, April 29, 2020 -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$600 million 2.450% Notes due 2050. CN expects to close the offering on May.
- 04/29/2020
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CN announces election of directors
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Canadian Railway (CNI) Receives a Hold from Raymond James
- Raymond James analyst Steve Hansen maintained a Hold rating on Canadian Railway (CNI) today and set a price target of C$115.00. The company's shares
- 04/28/2020
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Credit Suisse Sticks to Its Buy Rating for Canadian Railway (CNI)
- Credit Suisse analyst Allison Landry maintained a Buy rating on Canadian Railway (CNI) today and set a price target of $86.00. The company's shares closed
- 04/28/2020
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Credit Suisse Sticks to Its Buy Rating for Canadian Railway (CNI)
- Credit Suisse analyst Allison Landry maintained a Buy rating on Canadian Railway (CNI – Research Report) today and set a
- 04/28/2020
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Stephens & Co. Maintains Equal-Weight on Canadian National Railway, Raises Price Target to $82
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Canadian National's (CNI) Q1 Earnings Beat Estimates, Up Y/Y
- Lower freight demand and coronavirus-induced network disruptions hurt Canadian National's (CNI) first-quarter 2020 results
- 04/28/2020
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CFRA Maintains Hold on Canadian National Railway, Lowers Price Target to $85
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BMO Capital Maintains Outperform on Canadian National Railway, Raises Price Target to $124
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U.S. RESEARCH ROUNDUP- American Tower, Ferrari, Walt Disney
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including American Tower, Ferrari and Walt Disney, on Tuesday.
HIGHLIGHTS
* American Tower Corp : Credit Suisse initiates with outperform rating
* CNX Resources Corp : Raymond James raises to outperform from underperform
* Ferrari : Jefferies cuts to underperform rating
* ViacomCBS Inc : RBC initiates with sector perform, $20 target price
* Walt Disney Co : RBC initiates with sector perform, $110 target price
Following is a summary of research actions on U.S. companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Acadia Realty Trust : SunTrust Robinson starts with hold rating; price target $13
* Aecom : Keybanc raises target price to $45 from $35
* Affiliated Managers Group Inc : Citigroup cuts price target to $66.5 from $70
* Affiliated Managers Group Inc : Credit Suisse raises target price to $57 from $56
* Affiliated Managers Group Inc : Deutsche Bank raises target price to $67 from $63
* Affiliated Managers Group Inc : KBW raises target price to $80 from $75
* Alaska Air Group : Cowen and Company cuts target price to $39 from $45
* AMC Networks Inc : RBC initiates with outperform, $27 target price
* Amedisys Inc : Jefferies raises target price to $225 from $210
* American Eagle Outfitters Inc : RBC cuts target price to $8 from $9
* American Tower Corp : Credit Suisse initiates with $308 target price
* American Tower Corp : Credit Suisse initiates with outperform rating
* Ameris Bancorp : Stephens cuts target price to $28 from $31
* Amkor Technology Inc : Deutsche Bank raises target price to $11 from $10
* Annaly Capital Management Inc : RBC cuts target price to $8 from $11
* Antero Midstream Corp : JP Morgan cuts to underweight from neutral
* Apollo Endosurgery Inc : Piper Sandler cuts target price to $2 from $4.50
* Apollo Endosurgery Inc : Piper Sandler cuts to neutral from overweight
* Arcosa Inc : Susquehanna cuts price target to $48 from $56
* Arcturus Therapeutics Holdings Inc : H.C. Wainwright raises PT to $62 from $26
* Armstrong World Industries Inc : Evercore ISI raises target price to $78 from $77
* Armstrong World Industries Inc : Jefferies cuts price target to $73 from $74
* Armstrong World Industries Inc : SunTrust Robinson cuts PT to $95 from $100
* Assetmark Financial Holdings Inc : JP Morgan cuts target price to $25 from $31
* AT&T Inc : Deutsche Bank cuts target price to $38 from $45
* Autoliv Inc : Citigroup raises price target to $61 from $46
* Avnet Inc : Citigroup cuts price target to $31 from $34
* Avnet Inc : Raymond James cuts target price to $44 from $47
* Axis Capital Holdings Ltd : Deutsche Bank cuts target price to $46 from $52
* Axsome Therapeutics Inc : Cowen and Company raises target price to $135 from $95
* Axsome Therapeutics Inc : Guggenheim raises target price to $200 from $158
* Axsome Therapeutics Inc : H.C. Wainwright raises price target to $210 from $200
* Axsome Therapeutics Inc : SunTrust Robinson raises target price to $200 from $145
* Axsome Therapeutics Inc : SVB Leerink raises target price to $115 from $100
* B&G Foods Inc : Credit Suisse raises price target to $19 from $17
* B&G Foods Inc : Credit Suisse raises to neutral from underperform
* Bank of America : Independent Research cuts PT to $26.00 from $38.50; rating hold
* Bank of America Corp : Oppenheimer raises target price to $36 from $33
* Bank Ozk : SunTrust Robinson raises target price to $22 from $19
* Bankfinancial Corp : D.A. Davidson cuts target price to $9 from $10
* Big Lots Inc : JP Morgan raises target price to $25 from $21
* Boston Properties Inc : JP Morgan cuts target price to $118 from $147
* Boston Properties Inc : Mizuho cuts price target to $105 from $152
* BP Midstream Partners LP : Citigroup cuts price target to $11.5 from $15
* Brandywine Realty Trust : SunTrust Robinson cuts target price to $13 from $14
* Callaway Golf Co : Compass Point cuts price target to $20 from $21
* Callaway Golf Co : Jefferies cuts target price to $17 from $20
* Canadian National Railway Co : Citigroup raises price target to $80 from $68
* Canadian National Railway Co : Credit Suisse raises target price to $86 from $84
* Canadian National Railway Co : Evercore ISI raises target price to $89 from $81
* Canadian National Railway Co : Stephens raises target price to $82 from $80
* Carvana Co : Needham raises price target to $100 from $75
* Cathay General Bancorp : D.A. Davidson raises target price to $28 from $23
* Cathay General Bancorp : Wedbush raises target price to $29 from $25
* CBRE Group Inc : Raymond James cuts target price to $57 from $63
* Centerstate Bank Corp : D.A. Davidson cuts target price by $3.50 to $18.50
* Chart Industries Inc : Citigroup cuts price target to $43 from $45
* Check Point Software Technologies : Cowen and Company raises PT to $105 from $100
* Check Point Software Technologies : Jefferies raises PT to $110 from $100
* Check Point Software Technologies Ltd : BMO cuts target price to $120 from $125
* Check Point Software Technologies Ltd : Citigroup raises PT to $108 from $105
* Check Point Software Technologies Ltd : RBC raises target price to $108 from $105
* CIT Group Inc : Oppenheimer raises target price to $58 from $54
* Citigroup Inc : Oppenheimer raises target price to $96 from $87
* Cms Energy Corp : Citigroup raises price target to $60 from $59
* CNX Resources Corp : MKM Partners cuts to neutral from buy
* CNX Resources Corp : MKM Partners raises fair value to $12 from $11
* CNX Resources Corp : Raymond James raises to outperform from underperform
* Cognex Corp : Raymond James raises target price to $60 from $48
* Columbia Sportswear Co : Guggenheim cuts target price to $90 from $110
* Corporate Office Properties Trust : Mizuho cuts price target to $26 from $32
* Crown Castle International Corp : Credit Suisse initiates with $149 target price
* Crown Castle International Corp : Credit Suisse initiates with neutral rating
* Delek US Holdings Inc : Raymond James raises target price to $23 from $20
* Dexcom Inc : Canaccord Genuity raises target price to $370 from $300
* Discovery Inc : RBC initiates with outperform, $26 target price
* Donnelley Financial Solutions Inc : D.A.
- 04/28/2020
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CN Rail profit beats, pulls 2020 forecast on coronavirus hit
- Shipping oil for producers looking for alternatives to congested pipelines gave railroad a boost, but oil market woes could take away business
- 04/28/2020
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RBC Capital Sticks to Their Hold Rating for Canadian Railway (CNI)
- In a report released today, Walter Spracklin from RBC Capital maintained a Hold rating on Canadian Railway (CNI), with a price target of $112.00. The
- 04/28/2020
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RBC Capital Sticks to Their Hold Rating for Canadian Railway (CNI)
- In a report released today, Walter Spracklin from RBC Capital maintained a Hold rating on Canadian Railway (CNI – Research
- 04/28/2020
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Cowen & Co. Maintains Their Buy Rating on Canadian Railway (CNI)
- In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Canadian Railway (CNI), with a price target of $85.00. The
- 04/28/2020
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Edited Transcript of CNR.TO earnings conference call or presentation 27-Apr-20 8:30pm GMT
- Q1 2020 Canadian National Railway Co Earnings Call
- 04/28/2020
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Wells Fargo Keeps a Hold Rating on Canadian Railway (CNI)
- Wells Fargo analyst Allison Poliniak maintained a Hold rating on Canadian Railway (CNI) yesterday. The company's shares closed last Monday at $80.69.
- 04/28/2020
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Credit Suisse Maintains Outperform on Canadian National Railway, Raises Price Target to $86
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CP Rail: A 5-Star Stock at a Bargain Price
- Big improvements in its operating ratio have fueled strong returns Continue reading...
- 04/27/2020
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Earnings Scheduled For April 27, 2020
- Companies Reporting Before The Bell
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is estimated to report quarterly earnings at $1.01 per share on revenue of $712.10 million....
- 04/27/2020
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$2.46 Billion in Sales Expected for Canadian National Railway (NYSE:CNI) This Quarter
- Wall Street brokerages predict that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce sales of $2.46 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Canadian National Railway’s earnings. The lowest sales estimate is $2.38 billion and the highest is $2.50 billion. Canadian National Railway reported sales of $2.67 billion […]
- 04/27/2020
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CN Q1 Adj. EPS C$1.22, Sales C$3.545B
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Macquarie Group Ltd. Grows Position in Canadian National Railway (NYSE:CNI)
- Macquarie Group Ltd. grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,521 shares of the transportation company’s stock after purchasing an additional 9,510 shares during the period. Macquarie Group […]
- 04/26/2020
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QV Investors Inc. Buys Rogers Communications Inc, Sun Life Financial Inc, Brookfield Asset ...
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Old Dominion's (ODFL) Q1 Earnings In Line, Revenues Lag
- Weakness in the LTL services segment hurts Old Dominion's (ODFL) Q1 results.
- 04/23/2020
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Landstar's (LSTR) Earnings Miss Estimates in Q1, Down Y/Y
- Lower truck volumes and coronavirus pandemic hurt Landstar's (LSTR) first-quarter 2020 results.
- 04/23/2020
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Were Hedge Funds Right About S&P Global Inc. (SPGI)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/23/2020
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Desjardins Comments on Canadian National Railway's FY2020 Earnings (NYSE:CNI)
- Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Desjardins cut their FY2020 earnings per share estimates for Canadian National Railway in a note issued to investors on Sunday, April 19th. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings of $3.68 per share for the year, down from their previous estimate […]
- 04/23/2020
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CN Presents —…–9 Safe Handling Award to –49 Shippers
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Canadian Pacific (CP) Q1 Earnings Beat, 2020 View Bearish
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Will Canadian National's (CNI) Q1 Earnings be a Let Down?
- Declining freight revenues and supply-chain disruptions are likely to get reflected in Canadian National's (CNI) first-quarter 2020 performance.
- 04/21/2020
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Curbstone Financial Management Corp Trims Stake in Canadian National Railway (NYSE:CNI)
- Curbstone Financial Management Corp reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.6% during the first quarter, HoldingsChannel.com reports. The firm owned 5,300 shares of the transportation company’s stock after selling 200 shares during the period. Curbstone Financial Management Corp’s holdings in Canadian National Railway were worth $411,000 at the end of the […]
- 04/21/2020
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Broken Rail As Possible Cause To Canadian Crude Train Derailments
- A March letter from Transportation Safety Board (TSB) investigators to Transport Canada suggests that broken track might have contributed to recent derailments of trains carrying...
- 04/21/2020
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Shopifypushes past TD to become Canada’s second-biggest stock
- Shopify’s shares jumped as much as 7.8 per cent, pushing its market value over the $100 billion mark
- 04/20/2020
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ShopifyBecomes Canada’s Second-Biggest Stock
- (Bloomberg) -- Shopify Inc. skyrocketed again Monday, putting it in a tight race with one of Canada’s largest banks to become the second-most valuable company on the nation’s stock market.The e-commerce company’s shares jumped as much as 7.8%, pushing its market value over the C$100 billion ($71 billion
- 04/20/2020
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Quarterly Review of Q1 2020
- A blog about creating a reliable and growing dividend income stream.
- 04/18/2020
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Shopify Leapfrogs Brookfield to Become No. 3 Stock in Canada
- (Bloomberg) — A furious rally in Shopify Inc. has vaulted the e-commerce retailer to the third-largest company in Canada — underscoring the value of the virtual world in the time of the…
- 04/17/2020
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Shopify Leapfrogs Brookfield to Become No. 3 Stock in Canada
- (Bloomberg) -- A furious rally in Shopify Inc. has vaulted the e-commerce retailer to the third-largest company in Canada -- underscoring the value of the virtual world in the time of the coronavirus.Shopify soared as much as 10% to a record on Friday after its Chief Technology Officer Jean-Michel Lemieux
- 04/17/2020
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Canadian National Railway (NYSE:CNI) to Post Q1 2020 Earnings of $0.78 Per Share, National Bank Financial Forecasts
- Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at National Bank Financial reduced their Q1 2020 EPS estimates for Canadian National Railway in a research note issued to investors on Tuesday, April 14th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings per share of $0.78 for the quarter, down […]
- 04/17/2020
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Shares of several industrial companies are trading lower as equities fall amid mixed earnings results from banks, a significant decline in the price of oil and worse than expected retail sales in March.
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Canadian Railway (CNI) Gets a Hold Rating from Wells Fargo
- Wells Fargo analyst Allison Poliniak maintained a Hold rating on Canadian Railway (CNI) yesterday. The company's shares closed last Tuesday at $79.12.
- 04/15/2020
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Canadian Railway (CNI) Gets a Hold Rating from Wells Fargo
- Wells Fargo analyst Allison Poliniak maintained a Hold rating on Canadian Railway (CNI – Research Report) yesterday. The company’s shares
- 04/15/2020
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Wells Fargo Maintains Equal-Weight on Canadian National Railway, Lowers Price Target to $85
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Canadian National Railway (NYSE:CNI) Shares Sold by Howland Capital Management LLC
- Howland Capital Management LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,365 shares of the transportation company’s stock after selling 250 shares during the period. Howland Capital Management LLC’s holdings in […]
- 04/14/2020
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Canadian National Railway (NYSE:CNI) Price Target Cut to $79.00
- Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective lowered by Deutsche Bank from $89.00 to $79.00 in a research report report published on Thursday, BenzingaRatingsTable reports. The firm currently has a hold rating on the transportation company’s stock. Several other research firms have also issued reports on CNI. Cowen reaffirmed a buy rating and […]
- 04/13/2020
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Canadian National Railway (NYSE:CNI) Price Target Lowered to $75.00 at Barclays
- Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price lowered by Barclays from $98.00 to $75.00 in a report published on Thursday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the transportation company’s stock. Several other analysts also recently issued reports on CNI. Susquehanna Bancshares decreased their price objective on shares of Canadian […]
- 04/13/2020
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Guggenheim Capital LLC Purchases Shares of 2,476 Canadian National Railway (NYSE:CNI)
- Guggenheim Capital LLC purchased a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,476 shares of the transportation company’s stock, valued at approximately $224,000. A number of other institutional investors and hedge funds […]
- 04/11/2020
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Hexavest Inc. Invests $4.42 Million in Canadian National Railway (NYSE:CNI)
- Hexavest Inc. acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,230 shares of the transportation company’s stock, valued at approximately $4,424,000. Other hedge funds and other institutional investors have also recently […]
- 04/10/2020
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Canadian National Railway (NYSE:CNI) Shares Acquired by Confluence Investment Management LLC
- Confluence Investment Management LLC lifted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,917 shares of the transportation company’s stock after purchasing an additional 1,140 shares […]
- 04/10/2020
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Deutsche Bank Maintains Hold on Canadian National Railway, Lowers Price Target to $79
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Monthly Review Of March 2020
- A blog about creating a reliable and growing dividend income stream.
- 04/08/2020
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Canadian National Railway (NYSE:CNI) Shares Up 2.4%
- Canadian National Railway (NYSE:CNI) (TSE:CNR) shares shot up 2.4% on Tuesday . The stock traded as high as $80.28 and last traded at $81.91, 88,279 shares traded hands during trading. A decline of 94% from the average session volume of 1,596,598 shares. The stock had previously closed at $79.98. Several brokerages recently weighed in on […]
- 04/08/2020
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Susquehanna Maintains Neutral on Canadian National Railway, Lowers Price Target to $79
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Today's Pickup: C.H. Robinson makes a $50,000 donation to St. Christopher Truckers Relief Fund
- Good day,
The St. Christopher Truckers Relief Fund (SCF) has announced a $50,000 donation from C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW). The donation is one of the largest...
- 04/07/2020
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Shares of several industrial companies are trading higher amid optimism that coronavirus cases in Asia are potentially easing. Strength may also be attributed to optimism that coronavirus cases in several US hotspots appear to be reaching their peak.
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Shares of several industrial companies are trading higher with the broader market on optimism that coronavirus cases in several US hotspots appear to be reaching their peak.
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TalkMarkets Topics – Major Stock Exchanges Of The World
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Zacks: Analysts Expect Canadian National Railway (NYSE:CNI) Will Post Quarterly Sales of $2.55 Billion
- Equities analysts expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to post $2.55 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Canadian National Railway’s earnings, with the highest sales estimate coming in at $2.64 billion and the lowest estimate coming in at $2.50 billion. Canadian National Railway posted sales […]
- 04/04/2020
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Geode Capital Management LLC Grows Position in Canadian National Railway (NYSE:CNI)
- Geode Capital Management LLC boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,115,074 shares of the transportation company’s stock after purchasing an additional 130,794 shares during the quarter. Geode Capital Management LLC owned […]
- 04/03/2020
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Stocks Generating Improved Relative Strength: Canadian National Realty
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‘May will be worse’: CN Rail CEO says Canada, U.S. just starting to feel impact of coronavirus
- Freight shipments not expected to recover until the fourth quarter or even 2021
- 04/02/2020
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Canadian National, Canadian Pacific Confident Of Their Post-Pandemic Response
- The Canadian railways say they will have the network capacity available to handle an anticipated surge in volumes once the coronavirus pandemic plays out and consumer patterns...
- 03/31/2020
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Brinker Capital Inc. Has $2.91 Million Stake in Canadian National Railway (NYSE:CNI)
- Brinker Capital Inc. lifted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,208 shares of the transportation company’s stock after buying an additional 939 shares during the quarter. Brinker […]
- 03/28/2020
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Shares of several companies in the broader industrial sector are trading lower as markets sell off following this week's strength. Despite US stimulus efforts, macro concerns still persist due to the coronavirus.
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Canadian National Realty Shows Improved Relative Price Performance; Still Shy Of Benchmark
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CN to participate in a virtual fireside chat with BMO Capital Markets on March —6
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Amundi Pioneer Asset Management Inc. Buys 51,086 Shares of Canadian National Railway (NYSE:CNI)
- Amundi Pioneer Asset Management Inc. boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,613 shares of the transportation company’s stock after purchasing an additional 51,086 shares during the […]
- 03/20/2020
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CSX, Union Pacific, Canadian National Pledge To Reduce Emissions
- Union Pacific Corporation (NYSE: UNP ), CSX Corporation (NYSE: CSX ) and Canadian National (NYSE: CNI ) are setting goals to reduce their greenhouse gas (GHG) emissions, in part through a pledge with the global initiative Science Based Targets . The overall goal of the three railroads, as well as other companies that have signed onto the initiative, is to limit global warming to below 2°C above pre-industrial levels. The initiative is a partnership between global environmental nonprofit CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature, with collaboration from the We Mean Business Coalition. A total of 839 companies globally have signed on to the initiative, which … Full story available on Benzinga.com
- 03/19/2020
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Canadian Railway (CNI) Receives a Buy from Cowen & Co.
- In a report released yesterday, Jason Seidl from Cowen & Co. maintained a Buy rating on Canadian Railway (CNI), with a price target of $89.00. The
- 03/19/2020
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Canadian Railway (CNI) Receives a Buy from Cowen & Co.
- In a report released yesterday, Jason Seidl from Cowen & Co. maintained a Buy rating on Canadian Railway (CNI –
- 03/19/2020
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Building A Recession-Proof Retirement Portfolio With 13 Stocks And Bonds
- The COVID-19 bear market has seen stocks fall about 30% in a month, the fastest bear market in history. Uncertainty around how long the pandemic will last and h
- 03/19/2020
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Hedge Funds Have Never Been More Bullish On Canadian National Railway Company (CNI)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/17/2020
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Freight Railroads Further Adjust Workforce Plans Amid Coronavirus Pandemic
- The freight railroads are monitoring the latest developments related to the coronavirus pandemic while adjusting working conditions and preparing for an anticipated surge in volumes once the outbreak subsides, according to recent operations notifications. Norfolk Southern (NYSE: NSC ) changed some of its work procedures from even a few days ago , aligning them with social distancing guidance from the Centers for Disease Control and Prevention (CDC), according to a March 14 note from its chief marketing officer Alan Shaw. Some of the changes include transitioning work arrangements for those not directly associated with train operations and restricting access to critical functions to offices such as the Network Operations Center. The eastern U.S. railroad has also activated its Operations Command Center, which includes staff from marketing and customer service, to monitor operations. It is also ensuring proper sanitation for its field transportation employees. In regard to shippers, "Norfolk Southern is committed to providing transparent information …
- 03/16/2020
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Q4 2020 EPS Estimates for Canadian National Railway Cut by Analyst (NYSE:CNI)
- Canadian National Railway (NYSE:CNI) (TSE:CNR) – National Bank Financial lowered their Q4 2020 earnings per share (EPS) estimates for shares of Canadian National Railway in a research report issued on Tuesday, March 10th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings per share of $1.10 for the quarter, […]
- 03/14/2020
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Hedge Funds Have Never Been This Bullish On Duke Energy Corporation (DUK)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/12/2020
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Hedge Funds Started Dumping Equinor ASA (EQNR) Even Before Coronavirus
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/12/2020
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Stocks That Hit 52-Week Lows On Thursday
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Deutsche Bank Maintains Hold on Canadian National Railway, Lowers Price Target to $89
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