UPDATE 2-CN Rail CEO Luc Jobin steps down abruptly [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
CN Rail CEO Luc Jobin steps down abruptly | Reuters 2 Min Read (Reuters) - Canadian National Railway Co Chief Executive Luc Jobin stepped down abruptly on Monday, as the board looks to“energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. Shares of the company, once led by railroad legend Hunter Harrison, were down marginally at C$96.23 on the Toronto Stock Exchange. “The Board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the company forward,” chairman Robert Pace said in a statement. Once considered the standard for railway efficiency, CN has struggled recently with capacity constraints that have crimped its ability to meet the strong demand to transport crude-by-rail to U.S. Gulf coast refiners. Jobin’s departure comes less than a month after Halliburton Co, the third-largest U.S. oilfield services company, blamed CN for delays in frack sand supply. CN, Canada’s largest ra
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News
- Canadian National Railway (NYSE: CNI) had its price target raised by analysts at Susquehanna from $140.00 to $142.00. They now have a "neutral" rating on the stock.MarketBeat
- Canadian National (CNI) Q1 Earnings Beat Estimates [Yahoo! Finance]Yahoo! Finance
- CN (CNI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- CN Rail on track for growth this year, despite Red Sea shipping obstacles: CEO [Financial Post (Toronto, Ontario, Canada)]Financial Post
- CN Announces First Quarter Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
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