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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:03 EDTCNICanadian National targets C$2.1B in 2014 capital investments
CN announced is targeting to spend more than C$1.2B in 2014 on track infrastructure and to improve the safety, productivity and fluidity of the network. This investment will include the replacement of rail, ties and other track materials, bridge improvements, as well as various branch-line upgrades. This envelope will also include funds for strategic initiatives and additional improvements to track infrastructure in western and eastern Canada as well as in the United States. CN's equipment capital expenditures in 2014 are targeted to reach approximately C$300M. CN in 2013 took delivery of 44 new and 37 second-hand high-horsepower locomotives and in 2014, CN will acquire an additional 45 new high-horsepower locomotives. CN also expects to spend approximately C$600M in 2014 on facilities to grow the business, including transloading terminals, distribution centers and the completion of its Calgary Logistics Park project. In 2013, CN's capital investment program totalled approximately C$2.0B.
News For CNI From The Last 14 Days
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October 15, 2014
13:15 EDTCNIRailroad stocks pressured after CSX CEO comments on industry consolidation
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October 14, 2014
07:14 EDTCNIUBS hosts a Railroad analyst/industry conference call
Analyst Wadewitz will discuss his initiation of coverage of the Railroad Sector in a conference call on October 14 at 11 am.
October 13, 2014
16:17 EDTCNICanadian National initiated with a Neutral at UBS
10:53 EDTCNIRailroads advance after report of Canadian Pacific approach to CSX
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October 10, 2014
10:01 EDTCNIOn The Fly: Analyst Upgrade Summary
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08:33 EDTCNICanadian National upgraded at BMO Capital
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06:27 EDTCNICanadian National upgraded to Outperform from Market Perform at BMO Capital
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October 7, 2014
15:05 EDTCNITSB deploys investigators to site of Canadian National derailment
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14:23 EDTCNICanadian National train derailed in Saskatchewan, CBC reports
A Canadian National freight train carrying hazardous material derailed near Wadena, Saskatchewan, CBC News reported on Twitter. Reference Link

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