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Stock Market & Financial Investment News

News Breaks
March 22, 2013
14:10 EDTCNICanadian National sells rail line segment for C$52.5M
CN closed the sale of a segment of rail line principally used by GO Transit commuter trains in the Oakville-Burlington, Ont., area west of Toronto to Metrolinx for C$52.5M. Metrolinx already owns the Lakeshore line from Oakville to Toronto Union Station. CN will retain freight operating rights over the line segment sold to Metrolinx, it said.
News For CNI From The Last 14 Days
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March 3, 2015
16:19 EDTCNICanadian National to buy 1.2M shares via private agreement
CN announced that it intends to purchase for cancellation up to 1.2M of its common shares pursuant to a private agreement between CN and an arm's-length third-party seller. The purchase will form part of CN's repurchase program for up to 28M shares announced on Oct. 21, 2014.
February 25, 2015
17:19 EDTCNICanadian National reaches collective agreement with Teamsters union members
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February 24, 2015
05:07 EDTCNICN negotiates tentative labor agreement with Unifor
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February 23, 2015
09:59 EDTCNIOn The Fly: Analyst Initiation Summary
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06:12 EDTCNICanadian National initiated with a Neutral at JPMorgan
Price target C$88.
05:09 EDTCNICanadian National, Unifor unable to reach agreement, to continue to meet
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February 22, 2015
17:43 EDTCNICN, Unifor talks to resume ahead of lockout deadline, Bloomberg says
Canadian National intends to return to the bargaining table to negotiate with Unifor, the union that represents 4,800 of its workers, in order to prevent a lock-out on Monday, Bloomberg says. Reference Link
13:45 EDTCNICanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
11:45 EDTCNICN dissapointed with Unifor's recent claims
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February 20, 2015
16:17 EDTCNICanadian National to lockout union employees if settlement not reached
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February 18, 2015
17:24 EDTCNICanadian National Northern Quebec line engineers and conductors ratify agreement
CN announced that locomotive engineers and conductors working on the company's Northern Quebec Internal Short line have ratified a new collective agreement. The employees are represented by the Teamsters Canada Rail Conference union. The four-year agreement provides wage increases and benefit improvements to 93 employees.
12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
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