MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced the winners of its Safe Handling Award for 2023. CN's Safe Handling Award is presented to customers who load freight cars with dangerous goods and meet strict standards for the safe handling and shipment of regulated products. The winners must meet established criteria, according to the total number of shipments of dangerous goods for all facilities. The Safe Handling Award goes hand in hand with CN's goal to become the safes ...

MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that CNTL, a CN subsidiary dedicated to first and last mile trucking container pickup and deliveries, has reached a second tentative agreement with owner-operators affiliated with Unifor. The first tentative agreement, announced on January 17,2024, was not ratified. This four-year agreement covers approximately 750 owner- operators under contract with CNTL in Canada until December 31, 2027. About CN CN is a world-class transp ...

MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its new three-year collective agreement with the United Steelworkers (USW) Local 2004, was formally ratified by union members on Monday April 29th, 2024. The USW represents approximately 2,500 track and bridge employees at CN, primarily responsible for track maintenance across Canada. "We're pleased to have reached this new collective agreement through collaborative negotiations. It is a testament to our commitment to in ...

MONTREAL, April 30, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced a public debt offering of C$700 million 4.60% Notes due 2029, and C$550 million 5.10% Notes Due 2054. CN expects to close the offering on May 2, 2024, subject to customary closing conditions. CN plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities. The debt ...

CHENG FENG CHIANG All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction It's time to talk about a more than 100-year-old company that is still a dividend growth stock. That company is the Canadian National Railway Company (NYSE:CNI). Founded in 1919, the company is the result of the combination of several railroads that had gone bankrupt and become part of the Canadian government. On November 17, 1995, the company was privatized, turning into one of the most dive ...

Canadian National Railway Company (CNI) reported first-quarter 2024 earnings of $1.28 per share (C$1.72), which surpassed the Zacks Consensus Estimate of $1.27. However, the bottom line declined 5.19% year over year. Revenues for the first quarter of 2024 were $3.15 billion (C$4.25 billion), which missed the Zacks Consensus Estimate of $3.16 billion. This reflects a decrease of 1.19%. The decline was mainly due to lower Freight revenue per RTM, while volumes remained flat. Volumes remained flat, mainly due ...

业绩总结 - 公司第一季度调整后每股收益为1.72美元，同比增长约10%[10] - 公司第一季度营运比率为63.6%[10] - 公司2024年调整后每股收益预计增长约10%[20] - 公司2024年资本支出和资本回报率符合指导[20] - 公司2024年股息增长率为7%[20] - 公司2024年将回购高达4亿美元的股份[20] - 公司2024年调整后每股收益和调整后资本回报率预计将排除某些调整[20] - 公司计划继续奖励股东，并执行股份回购计划[20]

财务数据和关键指标变化 - 第一季度收入下降1%,主要由于适用的燃料附加费较低 [43] - 第一季度营业利润下降7%,营业利润率为63.6%,同比上升210个基点 [57] - 第一季度每股收益为1.72美元,同比下降5% [57][58] - 公司预计2024年每股收益将增长10% [65] 各条业务线数据和关键指标变化 - 化工和石油产品运输量增长6%,创历史新高 [44] - 金属和矿产品运输量增长4%,主要受益于东北不列颠哥伦比亚省的砂岩运输增长 [44] - 林产品运输量下降5% [45] - 煤炭运输量下降,加拿大煤炭下降20%,美国煤炭下降23% [46] - 谷物和化肥运输量持平,但钾肥运输量增长抵消了谷物运输量下降 [46] - 汽车运输量增长6% [47] - 国际集装箱运输量增长5%,进口经温哥华和普林斯鲁珀特港的货物增长12% [48] - 国内集装箱运输量下降3% [49] 各个市场数据和关键指标变化 - 北美经济整体保持支持性 [50] - 国际集装箱运输持续增长,温哥华和普林斯鲁珀特港的服务和停留时间良好 [50] - 汽车需求保持强劲,一些整车厂推迟了电动车生产线改造时间 [51] - 煤炭方面,加拿大冶金煤矿将恢复满产,但美国出口动力煤面临挑战 [51] - 谷物方面,下半年新增和扩建的压榨厂将带来更多油籽和粕的生产 [52] 公司战略和发展方向及行业竞争 - 公司正在推进多个增长项目,包括东北不列颠哥伦比亚省的砂岩运输、新的燃料码头、密歇根州的钢铁中转站等 [53][54] - 公司正在与TCRC工会进行建设性谈判,希望达成一个确保员工有可预测的工作时间表,从而提高安全性和服务可靠性的协议 [18][19][20][21] - 公司关注加州大气资源委员会(CARB)提出的新排放法规,正在与行业合作探讨未来的机车技术路径 [169][170] 管理层对经营环境和未来前景的评论 - 管理层对2024年经济前景持谨慎乐观态度,预计工业生产将略有增长 [63] - 公司有信心实现10%的每股收益增长目标,主要得益于经济环境改善以及公司内部的增长项目 [65][66][67] - 管理层认为公司有能力应对潜在的货币政策和地缘政治风险 [63] 问答环节重要的提问和回答 问题1 **Steve Hansen 提问** 询问国际集装箱运输业务的持续性和前景 [71][72][73] **Doug MacDonald 回答** 解释了西海岸业务的强劲增长以及东海岸受苏伊士运河影响的下滑情况 [73][74] 问题2 **Fadi Chamoun 提问** 询问公司的定价环境和趋势 [77][78][79] **Doug MacDonald 回答** 表示公司仍能在铁路成本上涨的情况下保持定价优势,但国内集装箱业务面临一些压力 [78][79] 问题3 **Ravi Shanker 提问** 询问公司对2024年全年业绩目标的信心来源 [91][92][93] **Tracy Robinson 和Ghislain Houle 回答** 解释了公司内部增长项目的多元化以及对经济环境的谨慎乐观预期 [92][93]

营收情况 - 加拿大国家铁路（CN）2024年第一季度营收为31.5亿美元，同比下降1.2%[1] - 营收低于Zacks Consensus Estimate的3.16亿美元，但每股收益高于预期的1.27美元[2] 每股收益 - 每股收益为1.28美元，较去年同期的1.35美元有所下降[1] 分析师关注指标 - CN在最近报告的季度中在Wall Street分析师广泛关注的指标方面表现如下[5] - 车辆装载量-谷物和化肥：171千辆，高于五位分析师平均估计的169.78千辆[5] - 车辆装载量-联运：527千辆，高于五位分析师平均估计的519.71千辆[5] - 车辆装载量-汽车：50千辆，低于五位分析师平均估计的52.96千辆[6] - 车辆装载量-森林产品：78千辆，低于五位分析师平均估计的79.52千辆[7] - 车辆装载量-金属和矿物：240千辆，高于五位分析师平均估计的234.83千辆[8] - 车辆装载量-煤炭：112千辆，低于五位分析师平均估计的121.82千辆[8] - 车辆装载量-石油和化学品：165千辆，高于五位分析师平均估计的164.55千辆[9] - 车辆装载量-总计：1343千辆，与五位分析师平均估计的1343.58千辆持平[9] - 营收吨里程-谷物和化肥：17032百万，低于四位分析师平均估计的17121.31百万[10] - 营收吨里程-煤炭：4638百万，低于四位分析师平均估计的5207.89百万[10] - 营收吨里程-森林产品：5769百万，低于四位分析师平均估计的5852.95百万[11] - 营收吨里程-金属和矿物：7350百万，高于四位分析师平均估计的7137.78百万[12] 股票表现 - CN股票在过去一个月中的表现为-0.4%，略优于Zacks S&P 500综合指数的-4.2%变化[13] - 目前股票的Zacks排名为3（持有），表明在短期内可能与整体市场表现一致[14]

公司业绩 - 加拿大国家铁路(CN)第一季度每股收益为1.28美元，超过了Zacks Consensus预期的1.27美元[1] - CN在过去四个季度中两次超过了市场预期的每股收益[2] - CN第一季度营收为31.5亿美元，略低于Zacks Consensus预期，但仍高于去年同期的31.9亿美元[3] 股价表现 - CN股价今年以来上涨约2.9%，低于标普500指数的涨幅[4] - 公司管理层在财报电话会议上的评论将对股价走势产生重要影响[4] 盈利预期 - 投资者关注公司未来的盈利前景，盈利预期和盈利预期变化对股价走势有重要影响[5] - 投资者可以通过追踪盈利预期修订趋势来预测股价走势[6] - CN的盈利预期修订趋势为混合，目前被评为Zacks Rank 3 (Hold)[7] 行业前景 - 投资者应关注行业前景对股票表现的影响，铁路运输行业目前处于Zacks行业排名的底部34%[9] 同行业公司 - 另一家同行业公司Canadian Pacific Kansas City (CP)尚未公布2024年第一季度的财报，预计将于4月24日发布[10] - Canadian Pacific Kansas City预计将在即将发布的财报中每股收益为0.70美元，同比增长11.1%[11]