CNI - Canadian National Railway Company

NYSE - Nasdaq Real Time Price. Currency in USD
91.96
-0.49 (-0.53%)
As of 9:42AM EST. Market open.
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Previous Close92.45
Open93.44
Bid89.93 x 1000
Ask94.24 x 900
Day's Range91.76 - 92.19
52 Week Range70.36 - 96.49
Volume41,143
Avg. Volume851,129
Market Cap65.697B
Beta (3Y Monthly)0.93
PE Ratio (TTM)15.66
EPS (TTM)5.87
Earnings DateN/A
Forward Dividend & Yield1.64 (1.75%)
Ex-Dividend Date2019-12-06
1y Target Est94.98
  • Benzinga

    Canadian National Technology Guru Departing

    Canadian National (NYSE: CNI) said it is confident that it can continue its momentum of deploying advanced technologies for its operations even as its chief technology guru prepares to depart. Michael Foster, who currently serves as the chief information and technology officer, will be resigning from Canadian National (CN) effective Nov. 29 for personal reasons, the railway said on Nov. 19. Chief Operating Officer Rob Reilly will take on Foster's abilities on an interim basis while CN conducts a global search for a new chief information and technology officer.

  • Bloomberg

    CN Rail Strike Begins in Threat to Canadian Oil, Grain Cargo

    (Bloomberg) -- About 3,200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country.Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company over issues including working conditions and drug benefits, the Teamsters Canada Rail Conference union said.“Unfortunately, we were unable to reach a deal with CN,” the union said in a statement. Workers have been without a contract since July and served a strike notice on Saturday.CN Rail is one of two main rail networks that Canada uses to ship consumer goods and exports of canola, wheat, potash and other resources from the prairies to seaports. The company carries C$250 billion ($189 billion) worth of goods annually and has increasingly been moving into shipping oil amid a bottleneck of pipelines from Alberta’s oil sands.Petroleum and chemicals account for 20% of CN Rail’s revenue, followed by grain and fertilizer with 16%. The strike involves only the company’s Canadian workers and doesn’t include the U.S., where CN Rail operates a rail line from Chicago to New Orleans.About half of Western Canada’s grain elevators are on a CN line, according to the Western Grain Elevator Association while the Mining Association of Canada said its industry is the single largest shipping group by volume on the country’s Class 1 railways. The railway shipped 180,000 barrels a day of oil in September, according to its earnings call.Autumn Harvest“There have been fairly heavy orders of late,” Bruce McFadden, director of research and analysis at grain monitor Quorum Corp., said in a phone interview. “It was a slow start to the season as the harvest was much delayed by weather. But even though it continued to be a difficult harvest there has been a substantial portion of the grain is available now.”CN Rail had been expected to supply 5,650 hopper cars per week for shipping of crops like canola and wheat to the Canada’s ports on the west coast though November, according to CN’s operating plan. In December grain shipping slows down with the weekly car allotment expected to fall to 4,150 cars until March.Canadian Labor Minister Patty Hajdu urged the parties to continue negotiations. “While we are concerned about the impact of a work stoppage on Canadians, we remain hopeful they will reach an agreement,” she said in a statement.Arbitration RejectedA representative for the Montreal-based company declined to comment on the strike. On Saturday, it said it continued to negotiate in good faith and had offered to go to binding arbitration, which the union rejected.Managers may step in to operate trains, blunting the impact of any walkout. Allison Landry, an analyst with Credit Suisse Group AG, said a walkout may crimp CN’s cargo volume, but the labor action probably wouldn’t last long and the impact on the company’s earnings wouldn’t be meaningful.“Historically, rail strikes have lasted a few days, and the Canadian government has been quick to step in and implement back-to-work legislation given the significant threat to the economy,” Landry said in a note to clients.Still, the government may have less leverage to push for a resolution over the next couple of weeks because parliament isn’t scheduled to convene until Dec. 5. That could delay the adoption of back-to-work legislation until then.The Teamsters argue that workers are being forced to operate trains alone from outside the locomotive while hanging on to moving trains with one hand and working a remote-control device in the other, creating a safety hazard. The union is also balking at a lifetime cap on prescription drug coverage and said the company is making it more difficult to take time off and work longer hours.Canadian National fell 1.1% to C$122.46 at 11:28 a.m. in Toronto. It’s gained about 22% this year, compared with the 24% gain of an index of Canadian industrial stocks.(Updates with potential impact on grains, oil, mining from 6th paragraph)\--With assistance from Theophilos Argitis.To contact the reporters on this story: Thomas Black in Dallas at tblack@bloomberg.net;Ashley Robinson in Winnipeg (Non BLP Loc) at arobinson193@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 5-Canada's largest railroad hit by strike, putting Trudeau in hot seat

    MONTREAL/WINNIPEG, Nov 19 (Reuters) - Thousands of workers at Canada's largest railway went on strike for the first time in a decade on Tuesday, disrupting the shipping of commodities and sparking calls for Prime Minister Justin Trudeau's Liberal government to intervene. About 3,000 unionized workers of Canadian National Railway , including conductors and yardmen, hit picket lines after both sides failed to resolve contract issues at a time of softening demand for freight service. Canada, one of the world's biggest exporters of farm products, relies on CN and Canadian Pacific Railway to move canola, wheat and other commodities over vast distances from western farms to ports.

  • Canada's largest railroad hit by strike, putting Trudeau in hot seat
    Reuters

    Canada's largest railroad hit by strike, putting Trudeau in hot seat

    MONTREAL/WINNIPEG (Reuters) - Thousands of workers at Canada's largest railway went on strike for the first time in a decade on Tuesday, disrupting the shipping of commodities and sparking calls for Prime Minister Justin Trudeau's Liberal government to intervene. About 3,000 unionized workers of Canadian National Railway , including conductors and yardmen, hit picket lines after both sides failed to resolve contract issues at a time of softening demand for freight service. Canada, one of the world's biggest exporters of farm products, relies on CN and Canadian Pacific Railway to move canola, wheat and other commodities over vast distances from western farms to ports.

  • Benzinga

    CN Rail Workers Go On Strike

    About 3,200 Canadian National Railway (NYSE: CNI ) employees went on strike just after midnight, as ongoing talks between the International Brotherhood of the Teamsters and the company failed to yield ...

  • CN Rail Strike Begins, Threatening Canada Oil, Grain Shipments
    Bloomberg

    CN Rail Strike Begins, Threatening Canada Oil, Grain Shipments

    (Bloomberg) -- About 3,200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country.Conductors and railyard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company over issues including working conditions and drug benefits, the Teamsters Canada Rail Conference union said.“Unfortunately, we were unable to reach a deal with CN,” the union said in a statement. Workers have been without a contract since July and served a strike notice on Saturday.CN Rail is one of two main rail networks that Canada uses to ship consumer goods and exports of canola, wheat, potash and other resources from the prairies to seaports. The company carries C$250 billion ($189 billion) worth of goods annually and has increasingly been moving into shipping oil amid a bottleneck of pipelines from Alberta’s oil sands.A representative for the Montreal-based company declined to immediately comment on the strike. On Saturday, it said it continued to negotiate in good faith and had offered to go to binding arbitration, which the union rejected.Managers may step in to operate trains, blunting the impact of any walkout. Allison Landry, an analyst with Credit Suisse Group AG, said a walkout may crimp CN’s cargo volume, the labor action likely wouldn’t last long and the impact on the company’s earnings wouldn’t be meaningful.“Historically, rail strikes have lasted a few days, and the Canadian government has been quick to step in and implement back-to-work legislation given the significant threat to the economy,” Landry said in a note to clients.Government MonitoringStill, the government may have less leverage to push for a resolution over the next couple of weeks because parliament isn’t scheduled to convene until Dec. 5. That could delay the adoption of back-to-work legislation until then.Canadian Labor Minister Patty Hajdu traveled to Montreal on Monday to meet representatives from both sides. In a Nov. 16 statement, Hajdu said the federal government is monitoring the situation closely and “has faith” in the collective bargaining process.The Teamsters argue that workers are being forced to operate trains alone from outside the locomotive while hanging on to moving trains with one hand and working a remote-control device in the other, creating a safety hazard. The union is also balking at a lifetime cap on prescription drug coverage and said the company is making it more difficult to take time off and work longer hours.Canadian National fell 0.2% to close at C$123.76 in Toronto on Monday. It has gained 22% this year.(Updates with workers going on strike.)\--With assistance from Theophilos Argitis.To contact the reporter on this story: Thomas Black in Dallas at tblack@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Jacqueline Thorpe, Will DaviesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    CN announces departure of Michael Foster as executive vice-president and chief information and technology officer

    CN (CNR.TO)(CNI) announced that Michael Foster, executive vice-president and chief information and technology officer is leaving the company on November 29, 2019. Michael is leaving for personal reasons, moving back to the United States, to be close to where his family is located and to pursue other career opportunities. CN has announced that Rob Reilly, executive vice-president and chief operating officer, will assume interim responsibility for the company’s Information and Technology function, while the company carries out a global search for a chief information and technology officer.

  • Thousands of Canadian National Railway workers go on strike
    Reuters

    Thousands of Canadian National Railway workers go on strike

    "Conductors, trainperson and yard workers at Canadian National Railway are now officially on strike," the union said in a tweet http://bit.ly/2O10KW3. Canada, one of the world's biggest exporters of farm products, relies on its two main railways to move canola and wheat over the vast distances from western farms to ports. The union had issued a 72-hour strike action notice period to the company on Saturday after the talks reached a stalemate, setting the momentum for the first strike at Canadian National in a decade.

  • Reuters

    UPDATE 1-Canadian ministers meet with CN Rail, union in effort to avert strike

    MONTREAL/WINNIPEG, Nov 18 (Reuters) - Canada's Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to avert a strike planned for early on Tuesday. The threatened strike by 3,000 workers with Teamsters Canada comes after CN, the country's largest railroad operator, said on Friday it would cut management and union jobs, as it grapples with softer economic conditions. Labor Minister Patty Hajdu and Transportation Minister Marc Garneau were to meet with representatives from CN and the union in Montreal, Hajdu's press secretary Veronique Simard said, following a stalemate in contract talks.

  • Canadian ministers meet with CN Rail, union in effort to avert strike
    Reuters

    Canadian ministers meet with CN Rail, union in effort to avert strike

    MONTREAL/WINNIPEG (Reuters) - Canada's Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to avert a strike planned for early on Tuesday. The threatened strike by 3,000 workers with Teamsters Canada comes after CN, the country's largest railroad operator, said on Friday it would cut management and union jobs, as it grapples with softer economic conditions. Labor Minister Patty Hajdu and Transportation Minister Marc Garneau were to meet with representatives from CN and the union in Montreal, Hajdu's press secretary Veronique Simard said, following a stalemate in contract talks.

  • Benzinga

    Strike On Tuesday Looms For Canadian National After Teamsters Sends Notice To Company

    Talks are ongoing but there is now a strike notice overhanging Canadian National and its 3,200 Teamsters members. Both the company and the union announced late Saturday that the Teamsters had served a strike notice to Canadian National (NYSE: CNI). In its prepared statement, CN quoted COO and executive vice president Rob Reilly as saying the railroad had offered binding arbitration to the union but it had declined.

  • Canadian National to Face Strike Action From Union on Nov 19
    Zacks

    Canadian National to Face Strike Action From Union on Nov 19

    Canadian National (CNI) faces allegation of wanting to make employees work for extended periods so that it becomes difficult for them to take time off.

  • Benzinga

    Canadian National Laying Off Workers

    Canadian National (NYSE: CNI) will be laying off employees amid "weakening" economy in key sectors, the company said on Nov. 15. This includes the difficult decision of adjusting its workforce to demand levels by placing some employees on furlough and reducing both management and union job numbers due to a weakening of many sectors of the economy. In response to the news of the layoffs, Teamsters Canada Rail Conference (TCRC) President Lyndon Isaak told FreightWaves that the workers affected by CN's cuts represent a small percentage of unionized workers.

  • Reuters

    UPDATE 1-Union sets Nov. 19 strike date on Canadian National Railway if talks fail

    Canada's Teamsters labor union has given Canadian National Railway notice that it intends to strike starting Nov. 19, the two parties said on Saturday, following a stalemate in contract negotiations. The company, the largest Canadian railroad operator, offered the Teamsters Canadian Rail Conference a binding arbitration, which the union declined, CN's Chief Operating Officer Rob Reilly said in a statement.

  • GlobeNewswire

    CN and Tree Canada collaborate to support City of North Vancouver's tree canopy

    CITY OF NORTH VANCOUVER, British Columbia, Nov. 16, 2019 (GLOBE NEWSWIRE) --  Tree Canada is proud to help commemorate CN’s (CNR.TO) (CNI) 100th anniversary through a special Legacy Forest planting that will take place in Moodyville park this afternoon. A gift of 100 trees has been donated to the citizens of the City of North Vancouver as part of the CN100 - A Moving Celebration. Tree Canada has partnered with CN to plant 100 trees in 8 different Canadian cities this year to honour CN’s commitment to greening communities with more cities set to receive trees in 2020.

  • Union sets Nov. 19 strike date on Canadian National Railway if talks fail
    Reuters

    Union sets Nov. 19 strike date on Canadian National Railway if talks fail

    The company, the largest Canadian railroad operator, offered the Teamsters Canadian Rail Conference a binding arbitration, which the union declined, CN's Chief Operating Officer Rob Reilly said in a statement. "If a settlement cannot be reached this weekend, we will once again encourage the union leadership to accept binding arbitration as an alternative to disrupting the Canadian economy," Reilly said.

  • Reuters

    Canadian National Railway gets strike action notice from union

    Canadian National Railway said on Saturday that the Teamsters labor union had given it notice it plans to strike starting Nov. 19, following a stalemate in negotiations between the two parties. The company, the largest Canadian railroad operator, offered the Teamsters Canadian Rail Conference a binding arbitration, which the union declined, CN's Chief Operating Officer Rob Reilly said in a statement. "If a settlement cannot be reached this weekend, we will once again encourage the union leadership to accept binding arbitration as an alternative to disrupting the Canadian economy," Reilly said.

  • GlobeNewswire

    CN receives strike notice from union representing train conductors in Canada

    MONTREAL, Nov. 16, 2019 -- CN (TSX: CNR) (NYSE: CNI) said today that the Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY), which.

  • GlobeNewswire

    MEDIA INVITATION: The 15th edition of the CN Canadiens Alumni Challenge will be held on November 16, 2019

    TORONTO, Nov. 15, 2019 -- CN (TSX: CNR) (NYSE: CNI) invites the media to attend the 15th edition of the CN Canadiens Alumni Challenge, which will be held on November 16, 2019,.

  • GuruFocus.com

    TCI Fund Bulks Up on Alphabet in 3rd Quarter

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