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Canadian National Railway Co (CNI.N)

CNI.N on New York Stock Exchange

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$0.40 (+0.55%)
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Volume
191,987
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$73.28
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Latest Key Developments (Source: Significant Developments)

TFI International and Canadian National Railway report renewed collaboration
Thursday, 23 Mar 2017 09:00am EDT 

Canadian National Railway Co :TFI International - co, Canadian National Railway announced a renewed collaboration to grow domestic intermodal business in markets across Canada.  Full Article

Canadian National Railway to purchase its common shares under specific share repurchase program
Wednesday, 22 Mar 2017 04:20pm EDT 

Canadian National Railway Co : CN to purchase its common shares under a specific share repurchase program . Canadian National Railway Co says purchase will form part of normal course issuer bid for up to 33 million shares (bid) announced on Oct. 25, 2016 . Canadian National Railway says will enter into an agreement with a third party to repurchase shares through daily purchases . Says third party will purchase cn's common shares on open market in accordance with rules applicable to bid . Canadian National Railway Co says agreement with third party to repurchase maximum of 1.8 million common shares .Canadian National - price CN will pay for shares bought from third party to be negotiated by CN, third party; price will be at discount to prevailing market price.  Full Article

CN reaches tentative labour agreement with IBEW union
Monday, 20 Mar 2017 05:00pm EDT 

Canadian National Railway Co : CN reaches tentative labour agreement with IBEW union representing signals and communications employees in Canada . Says details of tentative agreement are being withheld pending ratification by union's membership . Canadian National Railway Co - agreement to renew labour contract for approximately 700 CN signals and communications employees in Canada . Says CN expects to hear results of IBEW's ratification vote in May .Canadian National Railway Co says negotiated tentative agreement to renew labour contract for about 700 CN signals and communications employees.  Full Article

Canadian National Railway will repurchase common shares
Friday, 10 Mar 2017 05:25pm EST 

Canadian National Railway Co : Canadian National Railway - will repurchase common shares under a specific share repurchase program .Canadian National Railway - repurchase will form part of the normal course issuer bid for up to 33 million shares announced on Oct 25, 2016.  Full Article

CN announces share repurchase program
Friday, 3 Mar 2017 04:01pm EST 

Canadian National Railway Co : Cn to purchase its common shares under a specific share repurchase program . Cn to purchase its common shares under a specific share repurchase program . Canadian national railway co - share repurchase will form part of normal course issuer bid for up to 33 million shares (bid) announced on oct. 25, 2016 .Canadian national railway co - will enter into an agreement with a third party to repurchase common shares through daily purchases.  Full Article

CN to purchase its common shares under a specific share repurchase program
Tuesday, 13 Dec 2016 04:01pm EST 

Canadian National Railway Co : Canadian National Railway - Will enter into an agreement (agreement) with 3rd party to repurchase common shares subject to maximum of 4.8 million shares . Canadian National Railway Co - Purchase will form part of normal course issuer bid for up to 33 million shares (bid) announced on Oct. 25, 2016 .CN to purchase its common shares under a specific share repurchase program.  Full Article

Genesee & Wyoming enters into agreement to acquire Providence and Worcester Railroad Company
Monday, 15 Aug 2016 08:30am EDT 

Genesee & Wyoming Inc : Genesee & Wyoming Inc. enters into agreement to acquire providence and worcester railroad company . In first year of operation, g&w anticipates p&w will generate approximately $35 million of revenue and $12 million of ebitda . Expects to fund about $126 million acquisition through revolving credit facility under which it had available capacity of $542 million . g&w expects annual diluted eps accretion from acquisition of approximately 2% . Deal for $126 million . Deal for $25.00 per share .Expects to sell land in east providence, r.i., which was developed through a $12 million investment.  Full Article

CN to purchase its common shares under specific share repurchase programs
Friday, 29 Jul 2016 04:15pm EDT 

Canadian National Railway : Canadian National Railway Co says purchases will form part of normal course issuer bid for up to 33 million shares announced on Oct. 27, 2015 . Will enter into three share repurchase agreements with third parties to repurchase common shares through daily purchases .CN to purchase its common shares under specific share repurchase programs.  Full Article

CN announces US$650-million debt offering
Thursday, 28 Jul 2016 04:10pm EDT 

Canadian National Railway Co : Plans to use net proceeds from offering for redemption and refinancing of outstanding indebtedness, and share repurchases . CN announces US$650-million debt offering . Announced a public debt offering of us$650 million 3.20% notes due 2046 .CN announces US$650-Million debt offering.  Full Article

Canadian National posts Q2 earnings C$1.10/shr
Monday, 25 Jul 2016 04:16pm EDT 

Canadian National Railway : Qtrly carloadings declined 12 per cent and revenue ton-miles declined 11 per cent . Qtrly operating ratio of 54.5 per cent was an improvement of 1.9-points over prior-year quarter . Reiterate April 25, 2016, financial outlook of aiming to deliver 2016 EPS in line with last year's adjusted diluted EPS of C$4.44 . Canadian National says assumes U.S. housing starts in range of 1.2 million units and U.S. motor vehicle sales of approximately 17.5 million units for 2016 . Co says now expects total carloads for 2016 will decrease in mid-single-digit range . For balance of 2016, expect some markets to remain strong, including lumber and panels, automotive, refined petroleum products . For balance of 2016, shipments of commodities related to oil and gas development expected to decrease relative to last year . 2016 net income of C$858 million, or C$1.10 per diluted share . Q2 adjusted earnings per share c$1.11 . Q2 earnings per share c$1.10 . Q2 revenue fell 9 percent to c$2.842 billion . Says now assumes that north american industrial production for year will be slightly negative . "CN continued to face a very challenging volume environment in Q2" . On a constant currency basis, net income for Q2 would have been lower by C$23 million, or C$0.03 per diluted share . Says "anticipate a bumper grain crop in canada" . Now assumes 2016/2017 grain crops in both canada and u.s. Will be above their respective five-year averages.  Full Article

More From Around the Web

BRIEF-TFI International and Canadian National Railway report renewed collaboration

* TFI International - co, Canadian National Railway announced a renewed collaboration to grow domestic intermodal business in markets across Canada Source text for Eikon: Further company coverage: