CNI - Canadian National Railway Company

NYSE - NYSE Delayed Price. Currency in USD
93.65
+0.51 (+0.55%)
At close: 4:02PM EDT
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Previous Close93.14
Open93.33
Bid93.65 x 800
Ask93.67 x 1000
Day's Range93.07 - 94.12
52 Week Range70.36 - 94.12
Volume838,137
Avg. Volume1,037,980
Market Cap67.854B
Beta (3Y Monthly)1.04
PE Ratio (TTM)15.95
EPS (TTM)5.87
Earnings DateN/A
Forward Dividend & Yield1.60 (1.79%)
Ex-Dividend Date2019-03-07
1y Target Est92.18
Trade prices are not sourced from all markets
  • Benzinga20 hours ago

    A Little Diesel Helps Lion8 Electric Truck Conquer The Cold

    If we don't, then we lose 40 to 45 percent," said Marc Bédard, the president of the Lion8's manufacturer, Lion Electric. Lion Electric president Marc Bédard says the lion8 is designed to be a workhorse for urban deliveries.

  • GlobeNewswire2 days ago

    CN investing more than US$16 million to expand and strengthen Kentucky’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest more than US$16 million in Kentucky in 2019 to strengthen the Company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Kentucky investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire2 days ago

    CN investing approximately US$45 million to expand and strengthen Mississippi’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately US$45 million in Mississippi in 2019 to strengthen the company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Mississippi investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire2 days ago

    CN Launches New Pilot Project Using Electric Trucks

    CN (CNR.TO) (CNI) announced today that it has signed a Memorandum of Understanding (MOU) with The Lion Electric Co. for the conception, design and manufacturing of eight tandem axle, Class 8, zero-emission, electric trucks as part of its larger sustainable strategy to reduce emissions through innovation. The trucks will be deployed in cities across the CN network such as Vancouver, as well as the Greater Toronto, Montreal, and Hamilton areas. The trucks will also produce no noise pollution and each truck will remove 100 tons of GHG from the road annually.

  • GlobeNewswire3 days ago

    CN investing approximately US$50 million to expand and strengthen Michigan’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately US$50 million in Michigan in 2019 to strengthen the Company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Michigan investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • Benzinga3 days ago

    Canadian National, Regulator Spar Over Breaching Service Obligations

    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 because CNI said in September 2018 that it would impose embargoes on wood pulp shipments. CTA contends this was several months before rail congestion actually emerged at the Port of Vancouver, according to an April 15 statement.

  • GlobeNewswire4 days ago

    CN to Appeal CTA Decision on Service Obligations

    CN (CNR.TO) (CNI) is in receipt of the decision made by the Canadian Transportation Agency (CTA) this afternoon with regard to possible freight rail service issues in the Vancouver area. CN disagrees with the CTA’s conclusions which were based on the evidence submitted at hearings in Vancouver in January 2019 and intends to appeal the decision to the Federal Court of Appeal. The sole breach identified by the Agency related to CN's September 2018 announcement of its intention to regulate the flow of traffic of wood pulp shipments in Vancouver during December 2018 for the purposes of avoiding congestion.

  • FedEx Stock Is a Strong Buy Under $200
    InvestorPlace5 days ago

    FedEx Stock Is a Strong Buy Under $200

    Just a year ago, FedEx (NYSE:FDX) stock was flying high, even reaching $270 per share at one point. Since then, however, FDX stock has been grounded. Economic concerns have investors fleeing FedEx and some other transportation stocks.However, not all transports have been hit equally. In fact, some of the rails, like Union Pacific (NYSE:UNP) and Canadian National Railway (NYSE:CNI) are making fresh 52-week highs. This sets up an interesting pair trade opportunity to sell the rails and buy the truck and air delivery service competitors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut first, what has gone wrong for Fedex stock? Slowing Economic OutlookOver the past three quarters, FedEx has lowered its FY '19 guidance from a starting point of $17.50 into the $16s, and now, of the latest update, just $15.50. That's an 11% decline for this year's outlook in a relatively brief period of time. The guidance range for Q4 remains fairly wide as well, suggesting that management is not confident on how this quarter will turn out.The company blamed several factors for the dramatic slowdown in the earnings outlook. The most important of these appears to be international markets. Non-U.S. revenues failed to come in like FedEx had been expecting. Regardless, management is still upbeat for fiscal year 2020, which kicks off in June of this year. * 10 Stocks That Are Screaming Buys Right Now Some of this is hard to predict. The trade war, for example, has undoubtedly pressured FedEx's business. Many analysts still expect positive developments on this front within the next couple months. In fact, much of the recent stock market rally has been built on rumors that a China-U.S. deal is drawing near. However, FedEx's results could remain choppy for a bit until a more global economic upswing takes root. Big OverreactionThe crux of the matter here, however, is that the market has drastically overreacted. The company cut 2019 guidance by around 10% and the stock lost more than a third of its value. That's a highly disproportionate response to the news. That said, you can see why the market reacted this way. FedEx cut guidance each of the last two quarters, rather than delivering all the bad news at once, giving the impression that things are steadily worsening.Still, the overall magnitude of the drop shouldn't be exaggerated. On top of that, economic indicators should start picking up again. The Fed has pivoted from a strongly hawkish position back to neutral. Letting easier credit into the economy should help consumer confidence, and thus enable FedEx's business to pick up.It's also important to remember that FedEx has tremendous franchise value due to its powerful brand and entrenched infrastructural advantages. The value of the business doesn't swing 30% in a year simply because it delivers fewer packages. FDX stock is sharply overreacting to minor economic swings that most people will forget within a couple of years. Cheap Versus the RailsThe railroad stocks are looking rather expensive at the moment. Most of the sector is trading at or near new 52-week highs and sporting fairly lofty price-to-earnings ratios for a typically sedated sector. Canadian National Railway is at 21x trailing, 18x forward earnings, for example. Union Pacific is at 21x trailing and 17x forward earnings. CSX (NYSE:CSX) is at 20x and 16x, respectively. Against that backdrop, FDX stock really pops at 16x trailing and 12x forward earnings, and that's even after the stock rallied from $170 to $195 recently.It simply doesn't make a whole lot of sense intuitively that FedEx is doing so poorly while the rails are experiencing boom times. Sure, railroads tend to carry more commodity goods, whereas FedEx has more retail and consumer traffic. Still, though, as the economy goes, if consumers aren't buying as much stuff, the demand for raw commodities will drop as well. Transports tend to trade together as a sector; it's unlikely that FedEx stock can continue to drastically underperform the rails for long. * 7 Energy Stocks to Buy as Oil Booms Bears on FDX stock can make one counterargument to this line of reasoning. FedEx acquired TNT Express in 2016, which greatly enhanced its market presence in Europe. The European economy remains among the weakest of the major developed players in the world. You can argue that FedEx is unduly struggling due to its heightened European exposure. That said, the rails have exposure to other economies as well, particularly Canada and China, which are not so hot right now either. It hardly seems fair to blame FedEx's underperformance on non-U.S. exposure. FDX Stock VerdictI personally started buying FDX stock in January at $176 per share, and I've added to my position since then. While another correction to that level would set up an amazing opportunity to take a position in this global freight leader, the current price is still more than fair.FDX stock should trade at $250 or higher based on both comparable earnings of other transportation companies and where FDX stock traded last year. Yes, there was a brief recession scare late last year. But it's over now and the Fed has reopened the cheap money taps again. Don't miss your chance to get on-board with FDX stock before it makes a full recovery.At the time of this writing, Ian Bezek owned FDX stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post FedEx Stock Is a Strong Buy Under $200 appeared first on InvestorPlace.

  • GlobeNewswire9 days ago

    CN investing more than US$80 million to expand and strengthen Minnesota’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest more than US$80 million in Minnesota in 2019 to strengthen the Company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Minnesota investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • Benzinga11 days ago

    Precision Railroading - Is It Real Or Hype?

    Market Voices – for a number of market experts. Jim's career spans 21 years with Consolidated Rail Corporation (CONRAIL), 17 years with the rail engineering firm Zeta Tech Associates, 7 years with the State of Illinois Department of Transportation in Chicago urban goods movement research, and two years studying what to do with the seven bankrupt and unrecognizable Northeast railroads at the federal agency USRA. Six of the major North American freight railroads begin reporting their first quarter 2019 results in the near-term.

  • Benzinga11 days ago

    Canadian National Lays Out Capital Investments For US Operations

      Canadian National (NYSE: CNI ) yesterday unveiled plans to invest US$505 million in capital projects along its U.S. corridor spanning from Wisconsin to Louisiana. In Illinois, CNI plans to spend $190 ...

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  • GlobeNewswire12 days ago

    CN investing approximately US$100 million to expand and strengthen Tennessee’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately US$100 million in Tennessee in 2019 to strengthen the company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Tennessee investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire12 days ago

    CN investing US$190 million to expand and strengthen Illinois’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest US$190 million in Illinois in 2019 to strengthen the company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Illinois investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire12 days ago

    CN investing more than US$95 million to expand and strengthen Louisiana’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest more than US$95 million in Louisiana in 2019 to strengthen the company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Louisiana investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire12 days ago

    CN investing approximately US$120 million to expand and strengthen Wisconsin’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately US$120 million in Wisconsin in 2019 to strengthen the company’s rail network across the state. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Derek Taylor, Vice-President of CN’s Southern Region. The Wisconsin investments are part of CN’s 2019 record US$2.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • Benzinga17 days ago

    Canadian National Lays Out $615 Million Capital Plan For Eastern Provinces

    Canadian National (NYSE: CNI) laid out plans to invest C$615 million this year in network infrastructure in eastern Canada amid wider efforts by stakeholders to revamp Canada's transportation infrastructure and support the nation's export markets. The railway is spending $320 million in Ontario on several expansion projects, including adding capacity near CNI's Brampton intermodal terminal by building a satellite intermodal facility, investing in infrastructure and equipment at the Brampton terminal and making improvements at CNI's Toronto auto compound. CNI will also spend $245 million in Quebec, $45 million in New Brunswick and $5 million in Nova Scotia to implement technologies such as autonomous track inspection, distributed air cars and automated inspection portals.

  • GlobeNewswire19 days ago

    CN investing approximately $320 million to expand and strengthen Ontario’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately $320 million in Ontario in 2019 to expand and strengthen the company’s rail network across the province. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Doug MacDonald, Vice-President of CN’s Eastern Region. The Ontario investments are part of CN’s 2019 record $3.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire20 days ago

    CN and Unifor reach tentative agreements

    MONTREAL, March 31, 2019 -- CN (TSX: CNR) (NYSE: CNI) announced today that new tentative collective agreements have been reached between Unifor Council 4000 and CN. Three.

  • GlobeNewswire22 days ago

    CN investing more than $5 million in Nova Scotia’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest more than $5 million in the Nova Scotia in 2019 to strengthen the company’s rail network across the province, improving safety and supporting efficient service. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Michael Farkouh, Vice-President of CN’s Eastern Region.

  • GlobeNewswire22 days ago

    CN investing approximately $45 million in New Brunswick’s rail infrastructure in 2019

    CN (CNR.TO) (CNI) said today it plans to invest $45 million in New Brunswick in 2019 to strengthen the company’s rail network across the province, improving safety and supporting efficient service. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Michael Farkouh, Vice-President of CN’s Eastern Region. The New Brunswick investments are part of CN’s 2019 record $3.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • GlobeNewswire22 days ago

    CN to report first-quarter 2019 financial and operating results on April 29, 2019

    MONTREAL, March 29, 2019 -- CN (TSX: CNR) (NYSE: CNI) will issue its first-quarter 2019 financial and operating results on April 29, 2019, at 4:01 p.m. Eastern Daylight Time.

  • GlobeNewswire23 days ago

    ZIM Integrated Shipping Services’ new call to Port of Prince Rupert

    CN (CNR.TO) (CNI), The Port of Prince Rupert, and DP World Prince Rupert are pleased to announce a new weekly marine carrier service at the Fairview Container Terminal. ZIM Integrated Shipping Services (ZIM) partnered with the 2M Alliance and has added Prince Rupert as one of their port destinations. With a global reach to over 100 countries, the new ZIM service has made its inaugural call at the Port of Prince Rupert on Wednesday, March 27, 2019 with the arrival of ZIM containers on the Maersk Altair vessel.

  • GlobeNewswire23 days ago

    CN investing $245 million in Quebec’s rail infrastructure and in technology in 2019

    CN (CNR.TO) (CNI) said today it plans to invest approximately $245 million across Quebec in 2019 to strengthen the Company’s rail network throughout the province, improving safety and supporting efficient service. “Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers,” said Michael Farkouh, Vice-President of CN’s Eastern Region. The Quebec investments are part of CN’s 2019 record $3.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently.

  • Benzinga23 days ago

    Canada's Supreme Court Quashes CN Appeal Over Bridge Access

    Canada's Supreme Court dismissed an appeal from Canada National Railway (NYSE: CNI) today, forcing it to reopen a century-old bridge to vehicle traffic. The country's highest court ended a long-running legal battle between CN and the city of Thunder Bay. It stems from a 2013 fire at the Saint James Street Swing Bridge, which links Thunder Bay to the Fort William First Nation.