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Stock Market & Financial Investment News

News Breaks
January 24, 2014
09:08 EDTCNICanadian National, New Brunswick commit to preserve rail freight service
The Province of New Brunswick and CN have reached an agreement to preserve rail freight service on the line in northern New Brunswick Under the agreement, the Province of New Brunswick will invest up to $25M in rail infrastructure improvements to the Newcastle subdivision. CN will in turn spend a comparable amount to maintain and operate the line, ensuring continued rail freight service for a 15-year period on the northern and southern sections of the rail line: between Irvco, N.B., and Nepisquit Junction, N.B., in the north and between Catamount, N.B., and Nelson Junction in the south, where there are active rail freight customers.
News For CNI From The Last 14 Days
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April 21, 2015
19:12 EDTCNICanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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10:01 EDTCNIOn The Fly: Analyst Downgrade Summary
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08:56 EDTCNICanadian National downgraded to Hold from Buy at Desjardins
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April 20, 2015
16:11 EDTCNICanadian National declares Q2 dividend of C$0.3125
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16:09 EDTCNICanadian National raises FY15 CapEx view to C$2.7B from C$2.6B
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16:08 EDTCNICanadian National sees 2015 carload growth of 3%
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16:07 EDTCNICanadian National reports Q1 carloads up 9%
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16:06 EDTCNICanadian National reports Q1 EPS C$0.86, consensus C$0.85
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15:37 EDTCNINotable companies reporting after market close
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13:29 EDTCNICanadian National technical comments before earnigns
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April 16, 2015
18:20 EDTCNICanadian National locomotive engineers in Canada ratify new labour agreement
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10:31 EDTCNICN announces multi-year C$500M investment to upgrade Western Canada feeder lines
CN announced a multi-year program to invest approximately C$500M in infrastructure improvements to its Western Canada feeder rail lines in Alberta, Manitoba, and Saskatchewan that are handling rising volumes of industrial products, natural resources, and energy-related commodities. In 2015, CN will allocate approximately C$100M for work on northern Alberta branch lines, investing in infrastructure upgrades and safety improvements, including heavier rail, crushed rock ballast and new ties, to ensure the network can efficiently accommodate future freight volume growth in the Peace River region. CN continues to see rising freight volumes in Western Canada, which have increased by more than 50% in the past five years. Given this growth, CN has also invested significantly in its Edmonton-Winnipeg main line corridor, installing sections of double track, extending sidings to accommodate longer more efficient trains, and improving major classification yards. CN's major investments in Western Canada are designed to increase the capacity and safety of its rail infrastructure and to allow the company to continue to grow at low incremental cost in support of Canada's trade.
April 13, 2015
17:03 EDTCNIRailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.

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