canadian natl railway co (CNI) Key Developments
CN Provides Earnings Guidance for the Years 2013 and 2014
Dec 10 13
CN provided earnings guidance for the years 2013 and 2014. For the year 2013, the company expects to deliver adjusted diluted earnings per share (EPS) in the range of CAD 3.05 to CAD 3.10 and free cash flow before dividends in the range of CAD 1.5 billion to CAD 1.6 billion. The mid-point of the 2013 EPS range is consistent with the company’s initial target of achieving high single-digit adjusted diluted EPS growth in 2013, compared with 2012 adjusted diluted EPS of CAD 2.81 (also adjusted to reflect the stock split effective Dec. 2, 2013).
For the year 2014, the company is aiming to deliver double-digit EPS growth over the mid-point of its updated adjusted diluted 2013 EPS guidance of between CAD 3.05 and CAD 3.10, as well as 2014 free cash flow before dividends of about CAD 1.6 billion to CAD 1.7 billion. The company is also planning for 2014 capital expenditures of approximately CAD 2.1 billion, compared with an expected CAD 2.0 billion in 2013.
Canadian National Railway Company - Shareholder/Analyst Call
Dec 3 13
To deliver a series of presentations focusing on how deepening the company's strategic agenda of Operational and Service Excellence and becoming a true supply chain enabler will support sustainable, profitable growth and value creation
CNR Seeks Acquisitions
Dec 3 13
Canadian National Railway Company (TSX:CNR) is seeking acquisitions. CNR files shelf prospectus for CAD 3.0 billion of debt securities. CNR intends to use net proceeds from the sale of debt securities under the shelf prospectus for general corporate purposes, including the redemption and refinancing of outstanding debt, share repurchases, acquisitions, and other business opportunities.
Canadian National Railway Company Presents at Scotiabank Transportation & Aerospace Conference 2013, Nov-19-2013 09:50 AM
Nov 18 13
Canadian National Railway Company Presents at Scotiabank Transportation & Aerospace Conference 2013, Nov-19-2013 09:50 AM. Venue: Toronto, Ontario, Canada. Speakers: Claude Mongeau, Chief Executive Officer, President, Director, Chairman of Donations & Sponsorships Committee, Member of Strategic Planning Committee and Member of Investment Committee of CN’s Pension Trust Funds.
Canadian National Railway Company Reaches Tentative Labour Contract Settlements with TCRC-CTY Union in Canada
Oct 31 13
Canadian National Railway Company announced that it has reached tentative collective agreements with the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons. The TCRC-CTY represents approximately 3,000 CN train conductors, trainpersons, yardpersons and traffic coordinators on CN's network in Canada. Details of the three-year labour contracts are being withheld pending ratification by the union's membership. The TCRC-CTY's current contracts expired July 22, 2013.