New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
April 21, 2015
19:12 EDTCNICanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
Subscribe for More Information
10:01 EDTCNIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:56 EDTCNICanadian National downgraded to Hold from Buy at Desjardins
Subscribe for More Information
April 20, 2015
16:11 EDTCNICanadian National declares Q2 dividend of C$0.3125
Subscribe for More Information
16:09 EDTCNICanadian National raises FY15 CapEx view to C$2.7B from C$2.6B
Subscribe for More Information
16:08 EDTCNICanadian National sees 2015 carload growth of 3%
Subscribe for More Information
16:07 EDTCNICanadian National reports Q1 carloads up 9%
Subscribe for More Information
16:06 EDTCNICanadian National reports Q1 EPS C$0.86, consensus C$0.85
Subscribe for More Information
15:37 EDTCNINotable companies reporting after market close
Subscribe for More Information
13:29 EDTCNICanadian National technical comments before earnigns
Subscribe for More Information
April 16, 2015
18:20 EDTCNICanadian National locomotive engineers in Canada ratify new labour agreement
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use