Canadian National Railway Company (CNI) News
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CNI News Highlights
- For CNI, its 30 day story count is now at 76.
- Over the past 27 days, the trend for CNI's stories per day has been choppy and unclear. It has oscillated between 1 and 27.
- The most mentioned tickers in articles about CNI are CP, KSU and RAIL.
Latest CNI News From Around the Web
Below are the latest news stories about Canadian National Railway Co that investors may wish to consider to help them evaluate CNI as an investment opportunity.
Caisse Backs CN Rail, Questions TCI’s Motives in Proxy Fight(Bloomberg) -- The head of Quebec’s largest fund manager is backing the board and management of Canadian National Railway Co. in their fight against an unhappy shareholder, saying they were right to attempt a takeover of Kansas City Southern even though the bid failed. Most Read from BloombergIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageH |
Canadian National Railway Shares Slide On Multiple Analyst RatingsRaymond James analyst Steve Hansen downgraded Canadian National Railway (NYSE: CNI) to Market Perform from Outperform with a price target of C8, up from C$152. Hansen states that he raised the stock's target price because of the "roll-out of a new strategic plan last week that seemingly aims to return CN to its core roots in precision scheduled railroading." However, despite the target price increase, he downgraded the stock to Market Perform, saying that investors are "already paying up for muc |
Canadian National (CNI) Stock Gains on Buyback AnnouncementCanadian National (CNI) aims to improve its operating ratio to 57% next year owing to reduced costs and improved efficiencies. |
Rail Safety Week 2021 – From September 20 to 26 CN Wants You to Be Rail SmartThe Company is Inviting People Across North America to Join the Discussion About Rail SafetyHOMEWOOD, Ill., Sept. 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today launched its annual rail safety awareness campaign kicking off Rail Safety Week 2021 across North America. From September 20 to 26, CN Police Service (CNPS), along with many CN colleagues, will continue to spread the important message about rail safety in communities across CN’s network. As part of its efforts, it is raisin |
MEDIA AVAILABILITY: CN Police Officers Available for Media Interviews During Rail Safety WeekBe Rail Smart and help us prevent accidents and injuries at rail crossings as part of Rail Safety Week Sept. 20–26MONTREAL, Sept. 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is offering members of the media the opportunity to talk with uniformed police officers during Rail Safety Week, from September 20 to 26, about the importance of rail safety at crossings and the dangers of trespassing. Members of the CN Police Service will be available for media interviews throughout the week. Pro |
Canadian National Railway to resume previously approved share repurchasesCanadian National Railway says it expects to complete the remaining $1.1-billion of share repurchases by the end of January next year |
CN Rail Targets Cost Cuts, Buybacks to Fend Off Hohn’s TCI(Bloomberg) -- Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd. The measures will allow the railway to increase operating earnings and profit per share by 20% next year, Canadian National said in a statement Friday. It’s looking to improve its operating ratio, an industry measure of efficiency in which a lower number is |
UPDATE -- CN Outlines Details of Strategic PlanAmbitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022 Leveraging previous strategic investments and the strong condition of the existing network will bring capital spending down to approximately 17% of revenue for 2022 while retaining commitment to safety and customer service CN to resume share repurchase program previously authorized by Board of Directors with remaining C$1.1 billion in share repurchases to be completed b |
UPDATE 1-Canadian National to resume buyback after abandoning Kansas City dealCanadian National Railway Co said on Friday it would resume a previously approved share buyback, days after walking away from its $29.6-billion deal for U.S. railroad operator Kansas City Southern. The largest Canadian railroad expects to complete the remaining C$1.1 billion ($869.02 million) of share repurchases by the end of January next year, it said in a statement. The company, under fire from some investors for its failed bid to buy Kansas City Southern, said it was targeting C$700 million of operating income improvements in 2022 by increasing labor productivity and reviewing its non-rail businesses. |
CN Outlines Details of Strategic PlanAmbitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022 Leveraging previous strategic investments and the strong condition of the existing network will bring capital spending down to approximately 17% of revenue for 2022 while retaining commitment to safety and customer service CN to resume share repurchase program previously authorized by Board of Directors with remaining C$1.1 billion in share repurchases to be completed b |