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Canadian National Railway Co (CNR.TO)

CNR.TO on Toronto Stock Exchange

103.35CAD
15 Dec 2017
Change (% chg)

$0.25 (+0.24%)
Prev Close
$103.10
Open
$103.48
Day's High
$103.99
Day's Low
$102.64
Volume
4,755,682
Avg. Vol
1,105,456
52-wk High
$108.64
52-wk Low
$88.84

Latest Key Developments (Source: Significant Developments)

Canadian National Railway, Norfolk Southern say new joint interline service reducing transit times
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Canadian National Railway Co ::Canadian National Railway, Norfolk Southern Corp announce a new joint interline service.Says co and Norfolk interchanging two eastbound, two westbound manifest trains daily through greater Chicago​.Says the ‍interline service, established in august, allows freight to bypass traditional interchange points in Chicago.  Full Article

Canadian National Railway says ‍bid permits CN to purchase, for cancellation, up to 31 mln common shares​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Canadian National Railway Co :Canadian National Railway Co - ‍bid permits CN to purchase, for cancellation, up to 31 million common shares​.Canadian National Railway Co - ‍board has approved repurchase of its shares under a new normal course issuer bid​.  Full Article

Canadian National Railway reports Q3 earnings per share C$1.27
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Canadian National Railway Co :CN reports Q3-2017 net income of C$958 million, or C$1.27 per diluted share.Reaffirms fy 2017 adjusted earnings per share view C$4.95 to C$5.10.Q3 adjusted earnings per share C$1.31.Q3 earnings per share C$1.27.Q3 revenue rose 7 percent to C$3.221 billion.Canadian National Railway Co qtrly ‍operating ratio of 54.7 per cent, an increase of 1.4 points​.Canadian National Railway Co qtrly ‍revenue ton-miles (rtms) increased by 10 per cent and carloadings increased by 11 per cent​.Canadian National Railway Co - ‍assumes that North American industrial production for 2017 will increase by approximately two per cent​.Canadian National Railway Co says ‍increasing investments in infrastructure & equipment by C$100 million, for a total capital program of C$2.7 billion in 2017​.Canadian National Railway Co - ‍assumes U.S. Housing starts in range of 1.25 million units and U.S. Motor vehicle sales of approximately 17 million units for 2017​.Fy2017 earnings per share view C$5.08 -- Thomson Reuters I/B/E/S.  Full Article

Canadian National Railway Co announces C$500 mln debt offering
Friday, 28 Jul 2017 

July 27 (Reuters) - Canadian National Railway Co :CN announces C$500-million debt offering.Says ‍announced a public debt offering of C$500 million 3.6% notes due 2047​.  Full Article

Teamsters, CN reach tentative agreement
Tuesday, 30 May 2017 

May 29 (Reuters) - Canadian National Railway Co :Teamsters canada - tcrc withdrew strike notice after canadian national railway withdrew notice to unilaterally impose changes to collective agreement.Teamsters canada - details of tentative agreement will not be released until members have had a chance to review document.  Full Article

Genesee & Wyoming enters into agreement to acquire Providence and Worcester Railroad Company
Monday, 15 Aug 2016 

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
Saturday, 30 Jul 2016 

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
Friday, 29 Jul 2016 

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
Tuesday, 26 Jul 2016 

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
Tuesday, 26 Jul 2016 

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

CANADA STOCKS-TSX slips as miners, tech stocks weigh; RBC up on earnings report

TORONTO, Nov 29 Canada's main stock index ended lower on Wednesday, hurt by losses among miners with weaker copper and gold prices, a pullback in technology stocks led by Shopify Inc and a fall in shares of Canadian National Railway Co.