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Canadian National Railway Co (CNI)

CNI on New York Consolidated

65.40USD
30 Sep 2016
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$0.85 (+1.32%)
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Latest Key Developments (Source: Significant Developments)

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

Canadian National Railway declares Q3 2016 dividend of C$0.375
Monday, 25 Jul 2016 04:02pm EDT 

Canadian National Railway Co :Declares third-quarter 2016 dividend; quarterly dividend of thirty-seven-and-one-half cents per common share will be paid.  Full Article

Canadian National Railway says Luc Jobin to become CEO
Monday, 27 Jun 2016 04:31pm EDT 

Canadian National Railway Co : Luc Jobin will become CN president and chief executive officer on July 1, 2016 . Mongeau would step down as president and CEO at end of June, and he will resign as company director on June 30, 2016 .Jobin will replace Claude Mongeau as a CN director.  Full Article

Canadian National Railway appoints Ghislain Houle as CFO
Monday, 27 Jun 2016 04:30pm EDT 

Canadian National Railway Co : CN appoints Mike Cory as chief operating officer and Ghislain Houle as chief financial officer . Cory's and Houle's appointments will take effect July 1 .As part of management transition, Jim Vena will retire as CN executive vice-president and chief operating officer on July 1.  Full Article

Canada TSB says launching an investigation into collision involving two Canadian National trains
Wednesday, 8 Jun 2016 12:25pm EDT 

Transportation Safety Board Of Canada : Transportation Safety Board Of Canada Says Launching An Investigation Into A Collision Involving Two Canadian National Trains Near Carvel, Alberta .Transportation Safety Board Of Canada Says No Derailment Or Injuries Were Reported.  Full Article

Claude Mongeau to step down from his role leading CN
Tuesday, 7 Jun 2016 07:30am EDT 

Canadian National Railway Co : President and chief executive officer Claude Mongeau will step down from his role leading CN at end of June . Appointed Luc Jobin as president and chief executive officer and a member of CN board effective as of July 1st .Claude Mongeau to step down from his role leading CN.  Full Article

Canadian National Railway Company announces quarterly dividend
Monday, 25 Apr 2016 04:02pm EDT 

Canadian National Railway Company:Says board approved Q2 dividend of thirty-seven-and-one-half cents.  Full Article

BRIEF-Canadian Pacific says co, Canadian National Railway agree to settle a lawsuit

* On july 28, co, canadian national railway co agreed to settle a lawsuit commenced by canadian national railway against co