canadian national

Canadian National (NYSE: CNI) is planning to acquire the 220-mile Massena rail line from CSX (NYSE: CSX), both companies said on August 29. The Massena line runs between Valleyfield in Quebec and Woodard in New York. Woodard is near Syracuse and Valleyfield is southwest of Montreal. The line also...

Canadian National (NYSE: CNI) reached an all-time record for hauling grain in the 2018-2019 crop year. The railway moved over 27 million metric tonnes (mmt) of grain for the crop year, beating a previous record of 26 mmt in 2016-2017. Canadian National also reached an all-time monthly record in...

There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are "cautiously optimistic" about volumes and how the company might perform in the second half of the year. "In regards to 2019, we are reaffirming our guidance with continued...

Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs. The company said its adjusted net profit was $1.25 billion in the second quarter,...

Canadian National's (NYSE: CNI) strategy to build up its eastern network could include even more partnerships with trucking and intermodal partners, the company's chief executive officer said at an investor conference. "We need to be much more relevant to the consumer economy, and we need to find...

A Canadian National (NYSE: CNI) subsidiary has acquired the intermodal assets of Alberta-based H&R Transport, a company that specializes in the over-the-road, temperature-controlled service. The acquisition will expand CNI's presence in moving consumer goods, and is part of the company'...

Canadian National Railway Company (NYSE: CNI) reported adjusted earnings per share (EPS) of C$1.17 (a Canadian dollar is currently valued at $0.74) per share for the first quarter 2019, 17 percent better than the same period a year ago. This result excludes $0.09 per share in increased...

  Canadian National (NYSE: CNI) plans to appeal a determination by a federal regulator that the railway breached rail service obligations last fall at the congestion-prone Port of Vancouver. The Canadian Transportation Agency (CTA) found that CNI breached its level of service obligations...

Brandon Oglenski of Barclays began a new quarterly research report on the North America Airfreight & Ground Transportation sector. Oglenski benchmarked the major North American railroads on revenue, cost, efficiency and financial measures. Oglenski's first-ever carrier rankings...