Canadian National Railway News Updates

Government, Business, Logistics

Canadian Labor Board Leaves Door Open for Rail Strike

The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.

August 13, 2024
Business, Logistics

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.

June 10, 2024
Business, Logistics, Global Freight

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.

January 24, 2024
Business, Logistics

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.

July 25, 2023
Business, Logistics

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, 2023
Business, Logistics

Bill 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.

May 13, 2022
Business, Logistics

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.

April 26, 2022
Business, Logistics

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.

January 25, 2022
Business, Logistics

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.

October 4, 2021
Business, Logistics

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.

September 15, 2021