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Canadian National Railway Co (CNI)

CNI on New York Consolidated

74.47USD
30 Mar 2017
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$0.69 (+0.94%)
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Latest Key Developments (Source: Significant Developments)

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

Canadian National Railway Company to purchase its common shares under a specific share repurchase program
Friday, 5 Feb 2016 04:10pm EST 

Canadian National Railway Company:Says the purchase will form part of the ncib for up to 33 million shares announced on October 27, 2015.Says third party will purchase cn's common shares on the open market for its own account.To enter agreement with a third party to repurchase common shares subject to a maximum of 1.5 million common shares.Daily purchases will take place from March 1, 2016, or upon the completion of the previous agreement to March 11, 2016.Will acquire shares from third party as part of bid and such common shares will be cancelled upon purchase by cn.  Full Article

Canadian National Railway Company declares dividend
Tuesday, 26 Jan 2016 04:02pm EST 

Canadian National Railway Company:Says approved a 20 per cent increase in the Company's quarterly cash dividend.Says dividend will be paid on March 31, 2016, to shareholders of record at the close of business on March 10, 2016.  Full Article

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