UPDATE 4-Canada to keep revenue cap on rail grain shipments, farmers glad [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
(Adds comments by Canadian National, forest producers) By David Ljunggren OTTAWA May 16 The Canadian government said onTuesday it planned to maintain a revenue cap on western grainthat Canadian National Railway Co and Canadian PacificRailway Ltd haul for export, a move farmers praised. The rail firms oppose the cap, formally known as the maximumrevenue entitlement (MRE). It dates back to 2000 and aims tobalance the market power of the rail industry with that offarmers and grain companies, which in many areas rely on onerail company. "We're going to maintain the MRE ... It's a good thing,"Transport Minister Marc Garneau told a news conference. Ottawa will tweak the system to give the railway companiesmore reasons to invest in rail cars to move grain, he said, anannouncement that Canadian National welcomed. Reuters first reported on Monday that the cap would stay.Railways say it reduces their incentive to invest in grainhauling. Farmers say the cap contro
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News
- Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag [Yahoo! Finance]Yahoo! Finance
- Canadian National Railway First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- 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
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