MONTREAL, Sept. 15, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today launched its annual Rail Safety Week campaign to raise awareness about the risks of unsafe behaviour around railway tracks and property. From September 15–19, CN Police Services and CN employees will partner with cities, towns, and Indigenous communities across North America to highlight the dangers of trespassing and ignoring signals at crossings—actions that can have devastating consequences. “Rail safety isn’t just about big mom ...

HOMEWOOD, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today launched its annual See Tracks? Think Train® Week campaign to raise awareness about the risks of unsafe behaviour around railway tracks and property. From September 15–19, CN Police and CN employees will partner with cities, towns, and Indigenous communities across North America to highlight the dangers of trespassing and ignoring signals at crossings—actions that can have devastating consequences. “Rail safety isn’t just abo ...

CN Police Officers Engage with Communities Across the United States to Raise Awareness and Save LivesHOMEWOOD, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today launched its annual See Tracks? Think Train® Week campaign to raise awareness about the risks of unsafe behaviour around railway tracks and property. From September 15–19, CN Police and CN employees will partner with cities, towns, and Indigenous communities across North America to highlight the dangers of trespassing and igno ...

HOMEWOOD, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a partnership with the New Orleans Saints during See Tracks? Think Train® Week, taking place September 15 to 19. As part of the campaign, CN Police officers will join members of the New Orleans Saints in visiting schools across New Orleans to raise awareness about the importance of staying safe around railway tracks. Students will take part in activities designed to empower them to be safety leaders in their communi ...

Key Takeaways New CNI-CSX Canadian National Railway-CSX service will link Canada's West Coast to Nashville via Memphis. All-rail route replaces trucking leg, cutting delays and emissions. Expansion builds on their East Coast port partnership since 2019.Canadian National Railway (CNI) and CSX (CSX) have signed a Memorandum of Understanding to launch a new intermodal rail service into Nashville, TN, strengthening freight connectivity across North America.The service will move international containers from Ca ...

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Canadian National Railway Company CNI, saying it's “way too cheap.”CN and CSX CSX announced on Sept. 9 an agreement to develop a new intermodal service into Nashville, Tennessee.When asked about MP Materials Corp. MP, he said, “I think you're fine, but don't — please, don't — buy any more. You're fine with what you have.”Lending support to his choice, DA Davidson analyst Matt Summerville, on Sept. 2, maintained MP Materials with a Buy and ...

PresentationRavi ShankerMD & Lead Analyst Great. Welcome back to day 2 of the 13th Annual Laguna Conference, and we have a whole day of airlines and transportation content today. They say a little rain brings good luck. And so we're hoping for some great updates from all the companies over the course of the day to day. So very happy to start this morning with Canadian National Railroad, our top pick in the North American rail space. I'm very happy to welcome back Laguna, CEO, Tracy Robinson, and CFO, Ghisla ...

PresentationRavi ShankerMD & Lead Analyst Great. Welcome back to day 2 of the 13th Annual Laguna Conference, and we have a whole day of airlines and transportation content today. They say a little rain brings good luck. And so we're hoping for some great updates from all the companies over the course of the day to day. So very happy to start this morning with Canadian National Railroad, our top pick in the North American rail space. I'm very happy to welcome back Laguna, CEO, Tracy Robinson, and CFO, Ghisla ...

公司及行业 * 加拿大国家铁路公司 Canadian National Railway Company (CNI) [1] * 北美铁路行业 North American rail space [1] 核心观点与论据 **财务与运营表现** * 公司本年度至今的运量与去年同期相比基本持平 [5] * 国内多式联运业务本季度迄今增长26% [7] * 预计全年运量将超过去年 但无法实现此前预期的200个基点的全年营业比率改善 [21][29][30] * 碳税 repeal 带来7000万加元影响 对营收和息税前利润均为净冲销 [33] * 公司拥有约1000名 furloughed 员工 并因谷物运输开始召回部分人员 召回成功率 conductors 为90% trainees 为75% [17][32] * 机车停放约200台 以节省机械费用 [17] **各业务板块动态** * 大宗商品业务表现强劲 得益于加拿大和美国的粮食丰收 加拿大新作物预计为7500万公吨（三年平均7300万 去年7400万） [5][17] * 加拿大Quintette煤矿复产 煤炭运量逐年改善 [6] * 国际多式联运业务在7-8月表现强劲 鲁珀特王子港年化处理量达到90万-100万标准箱 货物停留时间少于3天 [6] * 林产品业务面临严峻挑战 受住房开工率低、木材价格低（约400-450美元/千板英尺 疫情后曾达1600美元）以及软木关税影响 加拿大和美国均有产能退出 [7][23][27] * 工业产品中的压裂砂业务有巨大增长故事 但因加拿大西部天然气库存高企而暂缓 [8][9] * 墨西哥业务量同比增长15% 受关税环境带来的机会驱动（如北向汽车、管道、南向塑料和化肥） [36] **战略与市场环境** * 公司处于一个充满挑战和有趣的宏观经济与贸易流环境 具有波动性 [5][10] * 公司优先考虑敏捷性 通过运营模式、周度成本决策和紧密的客户合作来实现 [13][14] * 定价目标是超越成本通胀 基于服务质量和与客户合作解决问题/寻找新市场 [35] * 公司正积极通过与其他铁路公司（如CSX、诺福克南方、联合太平洋）的合作协议（如至纳什维尔的新服务、Falcon Premium服务）来扩展网络覆盖 而非通过并购 [43][52][53][56] * 公司评论了美国拟议的铁路合并 认为其试图争夺的加拿大港口运量占比很小 现有合作方式可提供相同效益而无大型合并风险 并指出审批将适用新的“促进竞争”更高标准 [42][44][45] **资本管理与技术投资** * 公司密切管理成本（运营与资本支出）并鉴于股价更积极地推进股票回购 [10] * 技术投资聚焦于安全（十年间工程相关脱轨事故减少90%）、运营效率及自动化（AI在编组场、后台、路线规划中的应用） [66][67][68] * 资本支出基于维护需求、运量增长所需的产能扩张及消除瓶颈 本年资本支出较去年减少1.5亿加元 [72] * 通过内部投资2000万于人力与设备 减少了1.2亿加元的承包商支出 并在枕木安装（节省17美元/根 总量150万根）和道碴单位成本（节省2000万美元）等方面实现节约 [74] **展望与反思** * 公司承认过去几年因经济增长未达预期、港口劳工问题及铁路劳工问题未能实现最初承诺的增长目标 但强调在运量增长（除CPKC合并外领先）和营业比率方面表现位居行业前列 [63][64] * 认为当前波动性可能成为“新常态” 未来设定预期时将考虑此因素 并计划在2026年以某种形式向投资者更新展望 [65] * 公司对渡过波动环境保持信心 策略是精益运营、提供优质服务并与客户紧密合作 [79] 其他重要内容 * 谷物运输的定价约为3%-4% 过去几年累计涨幅超过10% [19][21] * 公司拥有强大的始发网络 其运输量的85%为自有货源 其中三分之二的货量目的地位于自有网络内 [46] * USMCA协议将于明年迎来重新审议 [36]

HOMEWOOD, Ill., Sept. 10, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) Police officers will be available to members of the media during See Tracks? Think Train® Week from September 15-19, 2025. This annual public awareness campaign highlights the importance of safe behaviours near rail crossings and the danger of trespassing on railway property. Uniformed CN Police officers will be available for interviews across CN’s network in the United States and will take part in community events throughout the w ...