CNI Stock Recent News
CNI LATEST HEADLINES
CN Rail reported decent Q2'24 results, highlighting strong revenue growth and improved profit margins, driven by effective cost management and strategic investments. Recent labor challenges appear to be mostly behind the company for now, with no stoppages as a result of labor dispute now that both parties are in mandatory arbitration. While guidance was revised lower, I think this has been already priced into the stock with the company trading below the peer group and below its historical valuation multiple.
MONTREAL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$750 million aggregate principal amount of 4.375% Notes due 2034. CN expects to close the offering on September 18, 2024, subject to the satisfaction of customary closing conditions.
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CNI withdraws its previously provided guidance for the 2024-2026 time period.
Operations have recovered but demand weakness persists in key sectors Operations have recovered but demand weakness persists in key sectors
Here, we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
Canadian National is riding on its robust segmental performance. Its efforts to reward shareholders are encouraging.
Canadian National Railway has been trending lower for some months due to labor disputes. In the meantime, rail traffic data paints a promising picture for Canadian National's business. In this article, I update my research on the company, explaining why I remain bullish despite temporary headwinds.
MONTREAL, Aug. 24, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has received an order from the Canada Industrial Relations Board (CIRB) imposing binding arbitration between the Company and the Teamsters Canada Rail Conference (TCRC).
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