UPDATE 1-CN Rail apologizes for Western Canada grain backlog, vows improvement [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
UPDATE 1-CN Rail apologizes for Western Canada grain backlog, vows improvement | Reuters Reuters Staff 3 Min Read (Adds comments from farmer, grain handler group, CP) By Yashaswini Swamynathan and Rod Nickel March 7 (Reuters) - Canadian National Railway Co apologized on Wednesday for delays moving Western Canadian grain and its new interim chief executive said the company would spend more than C$250 million ($193 million) this year to improve its infrastructure. CN Rail has struggled with capacity constraints amid growing demand to ship Western Canadian grain. Transport problems, affecting both CN and smaller rival Canadian Pacific Railway Ltd, have left rural grain storage sites brimming with grain as they wait for trains. Farmers say they are unable to sell as much of last year’s crops as they want, crimping cash flow ahead of planting in the world’s largest canola-exporting country. Transport problems extend to railroads and trucks in the United States as well. Railways have blamed
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CNI
News
- Cargo company reroutes away from Port of Montreal amid fears of potential strike [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Cargo companies start to reroute away from Montreal amid fears of port strike [BNN Bloomberg (Canada)]BNN Bloomberg
- CN Rail releases new Indigenous relations policy [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- CN Releases New Indigenous Policy in Support of its Commitment to ReconciliationGlobeNewswire
- CPKC's Creel sees his compensation jump to $20 million after railway merger [Financial Post (Toronto, Ontario, Canada)]Financial Post
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 3/21/24 - Form 6-K
- 3/21/24 - Form 6-K
- 2/27/24 - Form 144
- CNI's page on the SEC website