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Canadian National Railway Co (CNI)

CNI on New York Consolidated

77.01USD
26 May 2017
Change (% chg)

$-0.47 (-0.61%)
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$77.48
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$77.23
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Latest Key Developments (Source: Significant Developments)

CN to purchase its common shares under a specific shr repurchase program
Wednesday, 26 Apr 2017 04:40pm EDT 

April 26 (Reuters) - Canadian National Railway Co :Says to purchase its common shares under a specific share repurchase program.Says purchase will form part of normal course issuer bid for up to 33 million shares (bid) announced on Oct. 25, 2016.Says will enter into an agreement with a third party to repurchase common shares through daily purchases.  Full Article

Canadian National-announces ratification of new 5-yr collective labour agreement by International Brotherhood of Electrical Workers system council 11
Wednesday, 26 Apr 2017 04:35pm EDT 

April 26 (Reuters) - Canadian National Railway Co :Announces ratification of new 5-year collective labour agreement by international brotherhood of electrical workers system council 11.Agreement is retroactive to jan. 1, 2017,runs through dec. 31, 2021.Says agreement "provides wage increases in each year and benefit improvements".  Full Article

CN reports Q1 earnings per share of C$1.16
Monday, 24 Apr 2017 04:01pm EDT 

April 24 (Reuters) - Canadian National Railway Co : :CN reports Q1-2017 net income of C$884 million, or C$1.16 per diluted share.Q1 adjusted earnings per share C$1.15.Q1 earnings per share C$1.16.Q1 revenue rose 8 percent to C$3.206 billion.Sees FY 2017 adjusted earnings per share C$4.95 to C$5.10.Canadian National Railway Co - increased its 2017 capital program by C$100 million to C$2.6 billion.Canadian National Railway -carloadings for quarter increased by nine per cent to 1,368 thousand, rail freight revenue per carload decreased by 1 percent.Canadian National Railway Co qtrly operating ratio of 59.4 per cent, an increase of 0.5 of a point from prior-year quarter.Qtrly revenue ton-miles increased by 14 per cent from year-earlier quarter.Canadian National Railway - assumes 2017/2018 grain crops in both canada and united states will be in line with their respective five-year averages.Says now assuming that North American industrial production for year will increase by approximately two per cent.Canadian National Railway Co - now assumes total rtms in 2017 will increase by approximately 10 per cent versus 2016.Canadian National Railway Co -assumes U.S. Housing starts in range of 1.25 million units and u.s. Motor vehicle sales of about 17.5 million units in FY.Qtrly operating ratio of 59.4 per cent, an increase of 0.5 of a point from prior-year quarter.FY2017 earnings per share view C$5.05 -- Thomson Reuters I/B/E/S.  Full Article

Transportation Safety Board Of Canada says broken wheel led to Jan 2016 derailment of Canadian National Railway freight train
Wednesday, 29 Mar 2017 11:00am EDT 

Transportation Safety Board Of Canada: Broken wheel led to Jan 2016 derailment of Canadian National Railway Company freight train near Webster, Ontario .Determined that a broken wheel was caused by a service-related failure.  Full Article

CN, Duluth Cargo Connect to establish first intermodal container terminal in twin ports
Monday, 27 Mar 2017 05:30pm EDT 

Canadian National Railway Co : CN, Duluth Cargo Connect to establish first intermodal container terminal in twin ports . Canadian National Railway Co - CN and Duluth Cargo Connect will begin serving import and export markets in March .Canadian National Railway Co - Duluth Cargo Connect will operate rail-served facility at port's Clure Public Marine Terminal.  Full Article

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

More From Around the Web

CN Rail union says plans strike for Tuesday as contract talks falter

TORONTO, May 28 A union representing Canadian National Railway Co conductors said it plans to strike on Tuesday morning after the railroad announced new work rules in the midst of negotiations to replace a contract that expired last year.