CNI Stock Recent News

Canadian National (CNI) is disappointed that the labor dispute could not be resolved at the negotiating table and required ministerial intervention.

Freight traffic on Canada's two largest railways, Canadian National Railway (NYSE:CNI) Co. and Canadian Pacific Kansas City Ltd., has ground to a halt after both companies locked out 9,300 workers following failed contract negotiations with the Teamsters Canada Rail Conference.

MONTREAL, Aug. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) has formally locked out employees represented by the Teamsters Canada Rail Conference (TCRC) as of Aug. 22 at 00:01 ET, after the union did not respond to another offer by CN in a final attempt to avoid a labour disruption.

During the current market correction and potential recession, volatility remains high with many investors now increasingly pricing in a potential market crash.

Railroad Continues to Safely Shutdown Canadian Rail Network as Parties Remain Far Apart Railroad Continues to Safely Shutdown Canadian Rail Network as Parties Remain Far Apart

Canadian National Railway is a core holding in my portfolio, with strong growth prospects in the railroad industry. Despite a recent share price dip, the company continues to deliver consistent financial performance and shareholder returns. Q2 results show revenue growth, with potential disruptions and labor issues impacting short-term guidance, but long-term prospects remain strong.

Absence of Progress at the Negotiating Table Requires Immediate Action Absence of Progress at the Negotiating Table Requires Immediate Action

August represents a great opportunity for investors to take advantage of the best blue-chip stocks to buy. With the stock market falling hard, a more balanced investing approach can help weather the storm.

CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders

Canadian National's (CNI) Q2 results benefit from higher volumes.