Canadian National Railway Company (CNI)
Canadian National: When The Train Slows Down, It's Time To Seize The Opportunity
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.
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Railway work stoppage eases at CN, but CPKC deadlock intensifies
The Teamsters Canada Rail Conference has ended picket lines at Canadian National Railway (NYSE:CNI) (CN), allowing workers to return on Friday. However, the work stoppage at Canadian Pacific Kansas City (CPKC) remains, pending an order from the Canada Industrial Relations Board (CIRB).
Canadian National (CNI) Ends Lockout Post Minister Intervention
Canadian National (CNI) is disappointed that the labor dispute could not be resolved at the negotiating table and required ministerial intervention.
Canada's major railways halt freight traffic, disrupting supply chains and commuter services
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.
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Canadian National Railway: Strong Fundamentals Amid Short-Term Challenges
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.
Comparing The 5 Publicly Traded Class I Railroad Companies
Railroads in the US boomed in the 19th century but faced competition from automobiles and airlines, leading to mergers and consolidation in the industry. There are 5 Class I publicly traded railroads left today, each with high returns on equity, low debt, growing dividends, and ample return on capital. All are compound growers. The railroad business is a natural monopoly due to high capital costs and legal obstacles, resulting in low competition and stable profit margins.
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Canadian National (CNI) Q2 Earnings & Revenues Miss Estimates
Canadian National's (CNI) Q2 results benefit from higher volumes.
Off The Rails? Not Quite.
Canadian National Railway Company reported a 7% increase in 2Q24 revenues, supported by pricing, volumes, and exchange rates. Labor uncertainties and operational disruptions led to a revision of full-year EPS growth guidance for CNI. Despite challenges, CNI remains an attractive investment with a strong dividend yield, buyback record, and promising growth projections.
Canadian National Railway Company (CNI) Q2 2024 Earnings Call Transcript
Canadian National Railway Company (NYSE:CNI ) Q2 2024 Earnings Conference Call July 23, 2024 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Remi Lalonde - Executive Vice President and Chief Commercial Officer Ghislain Houle - Executive Vice President and Chief Financial Officer Conference Call Participants Christian Wetherbee - Wells Fargo Cherilyn Radbourne - TD Cowen Scott Group - Wolfe Research Steven Hansen - Raymond James Kenneth Hoexter - Bank of America Konark Gupta - Scotiabank David Vernon - Bernstein Fadi Chamoun - BMO Capital Markets Brian Ossenbeck - JPMorgan Walter Spracklin - RBC Capital Markets Ravi Shanker - Morgan Stanley Operator Good afternoon. My name is Julianne and I will be your operator today.
