Latest news with #CNR
Hamilton Spectator
2 hours ago
- Business
- Hamilton Spectator
CN Releases 2025–2026 Grain Plan: Strengthening Canada's Supply Chain
MONTREAL, July 31, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today published its 2025–2026 Grain Plan . The plan demonstrates CN's commitment to delivering high-performance service through disciplined planning, targeted infrastructure investments, and proactive supply chain collaboration. CN delivered a record volume of grain to both domestic and international markets this past crop year. Current projections suggest Western Canadian movement for 2024-25 will total approximately 31 MMT, roughly one million metric tonnes higher than the previous record. That figure includes bulk and processed grain by carload. 'Our Grain Plan reflects CN's unwavering commitment to Canadian agriculture and the global competitiveness of our farmers and grain handlers. We've taken a comprehensive, end-to-end view of the supply chain by investing where it matters most, collaborating with partners, and ensuring we have the people, equipment and processes in place to move the new crop.' - Tracy Robinson, President and Chief Executive Officer, CN Highlights from the 2025–2026 Grain Plan include: The 2025–2026 Grain Plan reinforces CN's long-standing support for Canada's agriculture sector. CN investments will continue to enable the success of Canadian farmers, strengthen agricultural trade across North America, and connect Canada to markets around the world. For more information and to access the full 2025–2026 CN Grain Plan, visit . About CN CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
Toronto Star
2 hours ago
- Business
- Toronto Star
CN Releases 2025–2026 Grain Plan: Strengthening Canada's Supply Chain
MONTREAL, July 31, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today published its 2025–2026 Grain Plan. The plan demonstrates CN's commitment to delivering high-performance service through disciplined planning, targeted infrastructure investments, and proactive supply chain collaboration. CN delivered a record volume of grain to both domestic and international markets this past crop year. Current projections suggest Western Canadian movement for 2024-25 will total approximately 31 MMT, roughly one million metric tonnes higher than the previous record. That figure includes bulk and processed grain by carload.
Globe and Mail
7 days ago
- Business
- Globe and Mail
Canadian National Railway's Mixed Earnings Call Outlook
Canadian National Railway Company ((TSE:CNR)) has held its Q2 earnings call. Read on for the main highlights of the call. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The recent earnings call of Canadian National Railway Company (CN) painted a picture of mixed sentiment, balancing strong operational performance with significant challenges. While the company showcased areas of growth and efficiency improvements, the looming impact of tariffs and macroeconomic uncertainties cast a shadow over the outlook. The call highlighted CN's strategic initiatives and robust performance metrics, yet the revised volume expectations due to external pressures weighed heavily on the overall sentiment. Solid Bulk Volumes and Network Efficiency CN reported strong bulk volumes throughout the quarter, attributed to its advantageous network in the agricultural sector. The company's operational metrics were impressive, with improvements in velocity and customer service, leading to a 50 basis point year-over-year margin improvement. This performance underscores CN's ability to leverage its network for operational success. Grain and Fertilizers Revenue Increase The company experienced a 12% increase in revenues from grain and fertilizers, with grain volumes rising by 6% in Canada and nearly 30% in the U.S. Potash RTMs also surged by almost 30%, driven by robust export activities. This growth highlights CN's strong position in the agricultural market. Operational Efficiency Improvements CN achieved significant operational efficiency gains, with car velocity reaching 213 miles per day and a 3% increase in train speed. The injury ratio improved by 16%, and T&E labor productivity saw an 11% year-over-year enhancement, reflecting the company's focus on operational excellence. Free Cash Flow and Financial Management The company generated over $1.5 billion in free cash flow by June, marking a 5% increase from the previous year. With leverage at 2.5x by the end of Q2, CN plans to continue its share buyback program, demonstrating strong financial management and commitment to shareholder returns. Tariff and Trade Uncertainty Ongoing U.S. trade and tariff actions have created uncertainty, weakening market fundamentals and impacting CN's revenues and volumes. Sectors such as Forest Products and metals have been particularly affected, highlighting the challenges posed by external economic factors. Reduced Volume Outlook In response to volatile market conditions, CN has adjusted its volume outlook for the remainder of the year to low single-digit RTM growth. The macroeconomic environment remains unpredictable, with changing tariffs impacting the company's projections. Petroleum and Chemicals Revenue Impact Lower volumes in refined products were noted due to unprecedented refinery turnarounds and policy changes affecting renewables. This sector's challenges reflect broader industry trends impacting CN's revenue streams. Forest Products and Merchandise Challenges Tariffs and a weaker industrial economy have impacted Forest Products volumes, with specific challenges in iron ore shipments and sand volumes. These difficulties underscore the broader economic pressures facing CN. Forward-Looking Guidance During the earnings call, CN provided updated guidance amidst a challenging economic landscape marked by tariff uncertainties and macroeconomic pressures. The company reported a 2% adjusted EPS growth despite a 1% reduction in RTMs and flat carloads year-over-year. The operating ratio improved to 61.7%. However, due to ongoing uncertainties, CN revised its full-year volume growth assumption to low single-digit RTM growth and adjusted its EPS growth guidance to mid- to high single digits for 2025. CN is actively managing costs and reducing its CapEx envelope while leveraging its diversified book and strong network to navigate the current economic challenges. In conclusion, Canadian National Railway Company's earnings call highlighted a mixed outlook, with strong operational performance and strategic initiatives tempered by significant challenges from tariffs and macroeconomic uncertainties. While the company is making strides in efficiency and revenue growth in certain sectors, the impact of external pressures necessitates cautious optimism moving forward.
Yahoo
22-07-2025
- Business
- Yahoo
CN Rail lowers earnings expectations, cuts outlook amid trade volatility
MONTREAL — Canadian National Railway Co. reported its net income inched up to $1.17 billion during its second quarter compared with last year, as it said the trade uncertainty is making it difficult for it to provide investors with an outlook. The Montreal-based company says revenue fell about one per cent, to $4.27 billion compared with $4.33 billion a year earlier. Diluted earnings per share for the quarter came in at $1.87, up from $1.75 a year earlier. CN lowered its 2025 forecast for adjusted diluted earnings per share growth, saying it now expects growth in the mid to high single-digit range. A previous estimate from CN expected adjusted diluted earnings per share to increase between 10 and 15 per cent for 2025. CN says it is removing its 2024-26 financial outlook given continued uncertainty surrounding trade and tariff uncertainty. This report by The Canadian Press was first published July 22, 2025. Companies in this story: (TSX:CNR) The Canadian Press
Wall Street Journal
22-07-2025
- Business
- Wall Street Journal
Canadian National Railway Lowers 2025 Outlook Amid Tariff Uncertainty
Canadian National Railway CNR 0.22%increase; green up pointing triangle reported a decline in second-quarter revenue and lowered its 2025 earnings guidance, citing tariff volatility. The freight railway company reported net income of 1.17 billion Canadian dollars (US$859.8 million), or C$1.87 a share, up from C$1.11 billion, or C$1.75 a share, from the prior year.
