CN Seeks Binding Talks With Teamsters in Labor Dispute
Canadian National Railway amped up pressure on the Teamsters Canada Rail Conference to resolve an ongoing labor dispute with potentially wide-ranging impacts across North American supply chains.
Canadian National Railway Maintains Earnings Growth Forecast
Canadian National Railway is sticking with its outlook for double-digit profit growth over the next few years, moving past a 2023 marred by labor strife, low grain shipments and a sluggish economy.
CN Railway Reports Q2 Revenue Down 7%
Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.
CN Announces Alliance With Union Pacific, Mexican Railroad
Canadian National announced plans to begin rail service in Mexico, the United States and Canada with what the railroad says will be a seamless connection in Chicago.
April 25, 2023Bill Gates Sells $940 Million of CN Rail Stock
Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.
Canadian National Reports Q1 Revenue Increase
Canadian National Railway experienced an increase in revenue but a decline in earnings during the first quarter, the company reported April 26.
CN Announces New CEO, Strong Q4 Results
Nearly a year after Canadian National Railway began pursuit of an ultimately unsuccessful $33 billion bid to merge with Kansas City Southern, the company will turn to Tracy Robinson, a former executive at one of CN’s rivals, as the railroad’s new president and CEO.
Canadian National Says Investor’s Shakeup Drive ‘Misguided’
OMAHA, Neb. — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad.
CN Rail Walks Away From K.C. Southern, Ending Takeover War
Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.
TCI Opens Proxy Fight With CN to Oust CEO Ruest
One of Canadian National Railway Co.’s largest shareholders formally started a proxy fight to replace the company’s leader and some board members, arguing that their failed attempt to buy Kansas City Southern for $30 billion demonstrated “flawed decision making.”