CN Rail struggling to catch up to demand surge [Business News Network (BNN) Energy & Resources (Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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US:NYSE Investor Relations:
cn.ca/en/investors
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Source: Business News Network
CN Rail struggling to catch up to demand surge Canadian National Railway Co. ( CNR.TO ), the longtime paragon of efficiency for North American railroads, is losing some of its luster as it struggles to catch up with a surprise surge in demand. A jump in volumes is causing persistent network congestion, prompting a public rebuke last week from customer Halliburton Co. ( HAL.N ), which said service delays would hurt its earnings. The problems have dented investor enthusiasm for Canadian National, dragging shares to this year’s biggest decline among the continent’s six biggest publicly traded railroads. “They’ve always been the gold standard for railroads, but these last few months have been pretty rough,” said Mario Mainelli, a portfolio manager at Caldwell Investment Management in Toronto, which oversees about $1 billion in assets. “If the issues persist, maybe we have a deeper problem.” Vowing to fix the service problems, Canadian National is boosting its 2018 capital spending budget
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News
- CANADA STOCKS-TSX loses winning streak as railroad shares slide [Yahoo! Finance]Yahoo! Finance
- Canadian Pacific girds for potential rail strike next month [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canadian Pacific girds for potential rail strike next month [BNN Bloomberg (Canada)]BNN Bloomberg
- Canadian National Railway (NYSE: CNI) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $140.00 price target on the stock.MarketBeat
- Canadian National Railway (NYSE: CNI) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- CNI's page on the SEC website