CN

CN Announces New Intermodal Service to Port of Gulfport

Retrieved on: 
Wednesday, November 8, 2023
Gulf Coast of the United States, CNI, NYSE, MOU, Growth, CN, Transport, CNR, TSX, Shipbuilding, Midwestern United States

MONTREAL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it signed a memorandum of understanding (MOU) with the Mississippi State Port Authority at Gulfport and Ports America establishing a new intermodal service.

Key Points: 
  • MONTREAL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it signed a memorandum of understanding (MOU) with the Mississippi State Port Authority at Gulfport and Ports America establishing a new intermodal service.
  • “We are proud to be partnering with the Mississippi State Port Authority at Gulfport and Ports America to launch this new service.
  • This represents a significant step forward in our commitment to delivering world-class service to our customers and creating value for our stakeholders.
  • This will further enable us to leverage our strategic advantages here at the Port of Gulfport.

The Wintrust Magnificent Mile Lights Festival® Celebrates Holiday Tradition With A Sparkling Holiday Celebration And Parade on November 18

Retrieved on: 
Tuesday, November 7, 2023
Steps, Newton, The Sugarhill Gang, Grand Marshals of the Rose Parade, Marky Mark and the Funky Bunch, Cuyahoga Falls, Ohio, Athlete, Musical, ABC 7, Hospital, ABC, CN, Magic, House, Wintrust Financial, American Idol, Grammy Awards, Coffee, Illinois State Lottery, Quick Look, Latin jazz, Magnificent, AT, Walt Disney World, Travel, Newton High School, Pluto, AT&T, Wacker Drive, Cirque, Anne, Magnificent Mile, Oak, Oak Street, Music for the People (Marky Mark and the Funky Bunch album), Wrigley Building, Tree, Volunteering, Chicago River, Water Tower Place, Michigan Avenue, Entertainment, Nightclub

The Wintrust Magnificent Mile Lights Festival parade-goers are invited for the first time to don outrageously festive sweaters to attempt to set a record for the most holiday sweaters at a parade.

Key Points: 
  • The Wintrust Magnificent Mile Lights Festival parade-goers are invited for the first time to don outrageously festive sweaters to attempt to set a record for the most holiday sweaters at a parade.
  • “Our attempt to set this festive sweater record adds a new layer of holiday spirit to a tradition that The Magnificent Mile Association has produced for 32 years,” says Kimberly Bares, President and CEO, The Magnificent Mile Association.
  • The Wintrust Magnificent Mile Lights Festival draws an international audience through global influencers and media from around the world invited to the parade by Choose Chicago.
  • The Wintrust Fireworks Spectacular delivers a thrilling finale at 7 p.m. over the Chicago River at Michigan Avenue.

CN Announces Nova Scotia Partnership with Genesee & Wyoming

Retrieved on: 
Wednesday, November 1, 2023
Central Nova, CNI, NYSE, Genesee & Wyoming, CBNS, CN, Genesee, Partnership, CNR, TSX, Cape Breton Island, Rail transport

MONTREAL, Nov. 01, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 miles of active track.

Key Points: 
  • MONTREAL, Nov. 01, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 miles of active track.
  • “We are proud to be partnering with Genesee & Wyoming to serve existing customers on this line.
  • This partnership will further reinforce CN’s presence in eastern Canada where we believe there will be a growing role to play in the competitiveness of North American trade.
  • It will also enable our network to reach new opportunities in the longer-term, further advancing our strategic agenda of accelerating profitable, sustainable growth.”
    The CBNS railway, which interchanges with CN’s mainline at Truro, Nova Scotia, will continue to be operated by a Genesee & Wyoming Inc. subsidiary.

CN announces US$600 Million Debt Offering

Retrieved on: 
Tuesday, October 31, 2023
Sale, SMBC Nikko Securities, CNI, NYSE, RBC Capital Markets, Telephone, News, Attention, BNP Paribas, CN, BofA Securities, Prospectus, Boyer's Food Markets, Inc., Wells Fargo, J.P. Morgan & Co., TD, Broadridge Financial Solutions, CNR, TSX, Seventh Avenue, Security (finance)

MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$600 million comprised of US$300 million 5.850% Notes due 2033 and US$300 million 6.125% Notes due 2053.

Key Points: 
  • MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$600 million comprised of US$300 million 5.850% Notes due 2033 and US$300 million 6.125% Notes due 2053.
  • CN expects to close the offering on November 1, 2023, subject to customary closing conditions.
  • The debt offering is being made in the United States under an effective shelf registration statement dated May 4, 2022.
  • The joint book-running managers of the debt offering are: Citigroup Global Markets Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and BNP Paribas Securities Corp.

Bow Valley College scholarship recipients recognized at 26th Annual Premier’s Scholarship Luncheon

Retrieved on: 
Friday, October 27, 2023
CN, Canada, Bow Valley College, Student, Management, Tutoring, Nursing, College

Calgary, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Premier Danielle Smith was on hand at Bow Valley College for the Premier’s Scholarship Luncheon, honouring students for their exceptional academic achievements and inspirational service to our community.

Key Points: 
  • Calgary, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Premier Danielle Smith was on hand at Bow Valley College for the Premier’s Scholarship Luncheon, honouring students for their exceptional academic achievements and inspirational service to our community.
  • The Premier’s Scholarship Luncheon celebrates 26 years of supporting students to realize their academic, career, and life goals.
  • Congratulations to each student and thank you to everyone at Bow Valley College for your tireless work and support.” – Danielle Smith, Premier of Alberta.
  • A significant fundraiser for the College, the Premier’s Scholarship Luncheon has raised more than $2 million since its inception, removing financial barriers and empowering students to focus on their studies.

Genesee & Wyoming Enters into Partnership with CN Involving Cape Breton & Central Nova Scotia Railway

Retrieved on: 
Wednesday, November 1, 2023
Transport, Rail, McInnes Cooper, G&W, CN, Partnership, Genesee & Wyoming, Cape Breton and Central Nova Scotia Railway, CBNS

Genesee & Wyoming Inc. (G&W) announced that, effective today, it has entered into a partnership with CN involving G&W’s Cape Breton & Central Nova Scotia Railway (CBNS).

Key Points: 
  • Genesee & Wyoming Inc. (G&W) announced that, effective today, it has entered into a partnership with CN involving G&W’s Cape Breton & Central Nova Scotia Railway (CBNS).
  • Under this partnership, CN will acquire a stake in CBNS and manage interline movements for customers, while a G&W subsidiary will continue to operate the CBNS line from Truro to Point Tupper, Nova Scotia.
  • “This partnership fully leverages the expertise of both a local, first- and last-mile railroad and a Class I railway that is part of the broader North American freight-rail network,” says Rick McLellan, president of G&W’s Canadian operations.
  • Northborne Partners served as financial advisor, while McInnes Cooper served as legal counsel to G&W.

CN Announces Third Quarter Results

Retrieved on: 
Tuesday, October 24, 2023
CNI, NYSE, GTM, News, West Texas Intermediate, GAAP, Nature, Growth, CN, EPS, Financial Accounting Standards Board, Plan, Transcranial magnetic stimulation, CNR, TSX, Uncertainty, Rare-earth element, Silviculture, Satellite navigation device, Oil

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2023.

Key Points: 
  • MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2023.
  • (2)
    In January 2023, CN announced the Board's approval for a new normal course issuer bid permitting CN to purchase for cancellation, over a 12-month period, up to 32 million common shares.
  • CN reports its financial results in accordance with United States generally accepted accounting principles (GAAP).
  • CN assumes that the North American industrial production will increase by at least two percent CAGR over the next three years.

CN Declares Fourth-Quarter 2023 Dividend

Retrieved on: 
Tuesday, October 24, 2023
CNR, CN, CNI, NYSE, TSX, Holding company, Cryptocurrency

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a fourth-quarter 2023 dividend on the Company’s common shares outstanding.

Key Points: 
  • MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a fourth-quarter 2023 dividend on the Company’s common shares outstanding.
  • A quarterly dividend of seventy-nine cents (C$0.7900) per common share will be paid on December 28, 2023, to shareholders of record at the close of business on December 7, 2023.

CN to Report Third-Quarter 2023 Financial and Operating Results Today

Retrieved on: 
Tuesday, October 24, 2023
CNR, Telephone, CN, CNI, NYSE, International, TSX

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2023 financial and operating results after the market close.

Key Points: 
  • MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its third-quarter 2023 financial and operating results after the market close.
  • CN's senior officers will review the results and the railway's outlook in a conference call starting at 4:30 p.m. Eastern Time today.
  • Tracy Robinson, CN President and Chief Executive Officer, will lead the call.
  • CN will webcast the presentation live and furnish slides supporting the officers' remarks via the Investors section of its website at www.cn.ca/en/investors .

CN Announces Long-Term Transportation Agreement with AltaGas

Retrieved on: 
Monday, October 23, 2023
Canadian National Railway, AltaGas, Port, CNR, Growth, CN, Transport, National Railway Company of Cuba, CNI, NYSE, TSX, Port of Prince Rupert

MONTREAL, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI), today announced a renewed and expanded 5-year transportation agreement with AltaGas.  

Key Points: 
  • MONTREAL, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI), today announced a renewed and expanded 5-year transportation agreement with AltaGas.
  • The agreement leverages CN's exclusive access to the Port of Prince Rupert.
  • “CN is proud to support the Canadian economy and the growth of our customer AltaGas.
  • By selling into our capacity and taking advantage of our unique network reach, we are confident in our ability to accelerate sustainable, profitable growth.”
    "AltaGas is pleased to solidify our renewed transportation agreement with CN.