Edition:
India

Canadian National Railway Co (CNR.TO)

CNR.TO on Toronto Stock Exchange

126.78CAD
25 Apr 2019
Change (% chg)

$0.81 (+0.64%)
Prev Close
$125.97
Open
$125.66
Day's High
$126.90
Day's Low
$125.09
Volume
793,208
Avg. Vol
1,253,050
52-wk High
$127.28
52-wk Low
$96.01

Latest Key Developments (Source: Significant Developments)

Canadian National Railway Launches New Pilot Project Using Electric Trucks
Thursday, 18 Apr 2019 

April 18 (Reuters) - Canadian National Railway Co ::CN LAUNCHES NEW PILOT PROJECT USING ELECTRIC TRUCKS.CANADIAN NATIONAL RAILWAY CO - SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH LION ELECTRIC CO..CANADIAN NATIONAL RAILWAY - MOU FOR CONCEPTION, DESIGN AND MANUFACTURING OF EIGHT TANDEM AXLE, CLASS 8, ZERO-EMISSION, ELECTRIC TRUCKS.CANADIAN NATIONAL RAILWAY CO - DELIVERY OF TRUCKS IS EXPECTED IN SUMMER OF 2020; TERMS OF MOU WERE NOT DISCLOSED.CN - ELECTRIC TRUCKS WILL BE TESTED FOR DIFFERENT TASKS FROM URBAN DELIVERY, CONTAINER SHUTTLE SERVICE, TO PORT OPERATIONS, AND CROSS-TOWN SERVICE.  Full Article

CN To Appeal CTA Decision On Service Obligations
Tuesday, 16 Apr 2019 

April 15 (Reuters) - Canadian National Railway Co ::CN TO APPEAL CTA DECISION ON SERVICE OBLIGATIONS.CANADIAN NATIONAL RAILWAY - CN DISAGREES WITH CTA'S CONCLUSIONS WHICH WERE BASED ON EVIDENCE SUBMITTED AT HEARINGS IN VANCOUVER IN JANUARY 2019.CANADIAN NATIONAL RAILWAY- RECEIPT OF DECISION MADE BY CTA MONDAY AFTERNOON WITH REGARD TO POSSIBLE FREIGHT RAIL SERVICE ISSUES IN VANCOUVER AREA..  Full Article

CTA Found CNR Breached Level Of Service Obligations By Intention To Impose Embargoes On Wood Pulp Shipments In Sept. 2018
Tuesday, 16 Apr 2019 

April 15 (Reuters) - Canadian Transportation Agency::CANADIAN TRANSPORTATION AGENCY - FOUND THAT CANADIAN PACIFIC RAILWAY COMPANY AND BNSF RAILWAY COMPANY HAD NOT BREACHED THEIR SERVICE OBLIGATIONS.CTA - FOUND CANADIAN NATIONAL RAILWAY CO BREACHED LEVEL OF SERVICE OBLIGATIONS BY INTENTION TO IMPOSE EMBARGOES ON WOOD PULP SHIPMENTS IN SEPT. 2018.CTA SAYS ORDERED CN TO DEVELOP AND SUBMIT PLAN TO RESPOND TO FUTURE TRAFFIC SURGES IN VANCOUVER AREA AND TO AVOID, OR MINIMIZE, USE OF EMBARGOES.  Full Article

CN And Unifor Reach Tentative Agreements
Sunday, 31 Mar 2019 

March 31 (Reuters) - Canadian National Railway Co ::CN AND UNIFOR REACH TENTATIVE AGREEMENTS.NEW TENTATIVE COLLECTIVE AGREEMENTS HAVE BEEN REACHED BETWEEN UNIFOR COUNCIL 4000 AND CN.NO DETAILS OF TENTATIVE AGREEMENTS WILL BE RELEASED PUBLICLY UNTIL AGREEMENTS ARE RATIFIED.  Full Article

Canadian National Railway Confirms Acquisition Of TransX
Friday, 22 Mar 2019 

March 22 (Reuters) - Canadian National Railway Co ::CN IS PLEASED TO CONFIRM THE ACQUISITION OF TRANSX.CANADIAN NATIONAL RAILWAY CO - CLOSED TRANSX GROUP OF COMPANIES DEAL.  Full Article

Canadian National Railway Says Negotiations Ongoing With Alberta Government To Start Shipping Crude By Rail By End Of 2019 / Early 2020
Wednesday, 30 Jan 2019 

Jan 29 (Reuters) - Canadian National Railway Co ::CANADIAN NATIONAL RAILWAY - NEGOTIATIONS ONGOING WITH ALBERTA GOVERNMENT TO START SHIPPING CRUDE BY RAIL BY END OF 2019 / EARLY 2020.CANADIAN NATIONAL RAILWAY - CRUDE OIL VOLUMES IN Q1 2019 IMPACTED BY MANDATED TEMPORARY PRODUCTION CURTAILMENTS.CANADIAN NATIONAL RAILWAY - "OVERALL ALBERTA CRUDE EXPORTS REMAIN STRONG".CANADIAN NATIONAL RAILWAY - IN COAL, ESTIMATED INCREMENTAL REVENUE GROWTH OF ABOUT $350 MILLION FOR 2019-2021.  Full Article

CN Announces New Normal Course Issuer Bid For Share Repurchase And 18 Pct Dividend Increase
Wednesday, 30 Jan 2019 

Jan 29 (Reuters) - Canadian National Railway Co ::CN ANNOUNCES NEW NORMAL COURSE ISSUER BID FOR SHARE REPURCHASE AND 18 PER CENT DIVIDEND INCREASE.CANADIAN NATIONAL RAILWAY CO - BID PERMITS CN TO PURCHASE, FOR CANCELLATION, OVER A 12-MONTH PERIOD UP TO 22 MILLION COMMON SHARES.CANADIAN NATIONAL RAILWAY CO - QUARTERLY DIVIDEND OF FIFTY-THREE AND THREE-FOURTHS CENTS (C$0.5375) PER COMMON SHARE WILL BE PAID ON MARCH 29, 2019.CANADIAN NATIONAL RAILWAY CO - BID STARTING ON FEB. 1, 2019, AND ENDING NO LATER THAN JAN. 31, 2020.  Full Article

CN QTRLY Adjusted Diluted EPS Of C$1.49
Wednesday, 30 Jan 2019 

Jan 29 (Reuters) - Canadian National Railway Co ::CN BUILDING STRONG MOMENTUM INTO 2019.QTRLY REVENUES OF C$3,808 MILLION, AN INCREASE OF 16 PER CENT.QTRLY DILUTED EPS OF C$1.56.QTRLY ADJUSTED DILUTED EPS OF C$1.49.EXPECTS TO DELIVER EPS GROWTH IN LOW DOUBLE-DIGIT RANGE THIS YEAR COMPARED TO ADJUSTED DILUTED EPS OF C$5.50 IN 2018.BOARD OF DIRECTORS TODAY APPROVED AN 18 PER CENT INCREASE TO CN'S 2019 QUARTERLY CASH DIVIDEND.CARLOADINGS FOR QUARTER INCREASED BY FIVE PER CENT TO 1,537 THOUSAND.OPERATING EXPENSES FOR QUARTER INCREASED BY 14 PER CENT TO C$2,356 MILLION.EXPECT HIGH SINGLE-DIGIT VOLUME GROWTH IN 2019 IN TERMS OF REVENUE TON MILES.QTRLY RTMS, MEASURING WEIGHT AND DISTANCE OF RAIL FREIGHT TRANSPORTED BY CN, INCREASED BY 12 PER CENT.EXPECTS TO DELIVER EPS GROWTH IN LOW DOUBLE-DIGIT RANGE THIS YEAR COMPARED TO ADJUSTED DILUTED EPS OF C$5.50 IN 2018.IN 2019, CN PLANS TO INVEST APPROXIMATELY C$3.9 BILLION IN ITS CAPITAL PROGRAM.QTRLY RAIL FREIGHT REVENUE PER RTM INCREASED BY FOUR PER CENT.CANADIAN NATIONAL- ALSO APPROVED A NEW NORMAL COURSE ISSUER BID THAT PERMITS CN TO PURCHASE, FOR CANCELLATION, OVER A YEAR UP TO 22 MILLION COMMON SHARES.Q4 EARNINGS PER SHARE VIEW C$1.47, REVENUE VIEW C$3.81 BILLION -- REFINITIV IBES DATA.INVESTMENT OF C$1.6 BILLION IN 2019 TARGETED TOWARD TRACK AND RAILWAY INFRASTRUCTURE MAINTENANCE.QTRLY ADJUSTED OPERATING RATIO OF 61.2 PER CENT.FY2019 EARNINGS PER SHARE VIEW C$6.29 -- REFINITIV IBES DATA.  Full Article

United Steelworkers And CN Rail Reach Tentative Agreement
Friday, 21 Dec 2018 

Dec 20 (Reuters) - Canadian National Railway Co ::UNITED STEELWORKERS AND CN REACH TENTATIVE AGREEMENT.CANADIAN NATIONAL RAILWAY CO - NO DETAILS OF TENTATIVE AGREEMENT WILL BE RELEASED PUBLICLY UNTIL AGREEMENT IS RATIFIED.CANADIAN NATIONAL RAILWAY CO - COLLECTIVE AGREEMENT EXPIRES AT END OF MONTH.CANADIAN NATIONAL RAILWAY CO - NO DETAILS OF TENTATIVE AGREEMENT WILL BE RELEASED PUBLICLY UNTIL AGREEMENT IS RATIFIED.CANADIAN NATIONAL RAILWAY CO - NEW TENTATIVE COLLECTIVE AGREEMENT HAS BEEN REACHED BETWEEN USW LOCAL 2004 AND CN.  Full Article

CN And Unifor Reach Tentative Agreement
Saturday, 15 Dec 2018 

Dec 14 (Reuters) - Canadian National Railway Co ::CN AND UNIFOR REACH TENTATIVE AGREEMENT.CANADIAN NATIONAL RAILWAY CO - NO DETAILS OF TENTATIVE AGREEMENT WILL BE RELEASED PUBLICLY.CANADIAN NATIONAL RAILWAY - UNIFOR REPRESENTS ABOUT 2,100 LOCOMOTIVE, FREIGHT-CAR MECHANICS, ELECTRICIANS AND APPRENTICES WHO WORK AT CO ACROSS CANADA.  Full Article

Clean-up ongoing at site of Manitoba train derailment

Feb 18 Canadian National Railway Co on Monday said its environmental experts are continuing the clean-up of a site in Western Canada where one of its trains derailed on Saturday.