QUOTE AND NEWS
Forbes  Mar 4  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 3/6/15, GasLog Ltd (NYSE: GLOG), Canadian National Railway Co. (NYSE: CNI), and Nabors Industries Ltd. (NYSE: NBR) will all trade ex-dividend for their respective upcoming...
Wall Street Journal  Feb 24  Comment 
Canadian National Railway Co. and a union representing 4,800 railroad employees averted a labor dispute Monday night after agreeing to a tentative contract deal.
Reuters  Feb 23  Comment 
Canadian National Railway said late on Sunday it was unable to reach full agreement on a negotiated settlement with Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, and will resume talks on Monday morning.
Reuters  Feb 22  Comment 
Canadian National Railway said on Sunday it is meeting with Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, and hoped to reach a negotiated settlement or an agreement to enter binding arbitration over their...
Reuters  Feb 21  Comment 
Canadian National Railway Co on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday.
Reuters  Feb 21  Comment 
Canadian National Railway Co said on Friday that barring a settlement by this weekend with Unifor, a union that represents 4,800 of its mechanical, clerical and intermodal staff, it plans to begin to lock out employees on Monday.
Reuters  Feb 20  Comment 
Canadian National Railway Co said on Friday that barring a settlement by this weekend with Unifor, a union that represents 4,800 of its mechanical, clerical and intermodal staff, it plans to begin to lock out employees on Monday.
Wall Street Journal  Feb 18  Comment 
Canadian National Railway Co. said the site of a weekend crude-oil train derailment in Northern Ontario that blocked a main rail line to Eastern Canada was cleared late Tuesday and the line has reopened.
Wall Street Journal  Feb 15  Comment 
A train carrying crude oil and operated by Canadian National Railway derailed near the town of Timmins in northern Ontario just before midnight on Saturday, causing a fire but no reported injuries.




 
TOP CONTRIBUTORS

Canadian National Railway Company (or CN) operates the largest rail network in Canada and the only transcontinental network in North America. The company operates approximately 20,300 route miles in 8 Canadian provinces and 16 U.S. states. CN's business strategy is guided by five core principles: providing good service, controlling costs, focusing on asset utilization, committing to safety, and developing people. CN's efforts to increase speed, efficiency, and reliability through the execution of its precision railroading concept are ongoing.

Image: Canadiannationalrailwaynetworkmap.png

Business Segments

CN's revenue is derived from seven business units engaged in the movement of a diversified and balanced portfolio of goods, which positions it well to face economic fluctuations and enhance its potential to grow revenue. These goods include petroleum and chemicals (chemicals, plastics, sulfur, petroleum, and gas products) metals and minerals (steel, aluminum, other non-ferrous metals, equipment & parts, and construction materials) forest products (lumber, fibers, paper, and panels) coal (thermal grades of bituminous coal and Canadian metallurgical coal) grains and fertilizers (food grains, oilseeds & oilseed products, and feed grains) intermodal (the transportation of freight using two or more modes of transportation) and automotive (finished vehicles and automotive parts). In 2006, forest products contributed 22% to total revenue, intermodal 18%, grains and fertilizers 16%, petroleum and chemicals 15%, metals and minerals 10%, other 8% (nonfreight revenue derived from third parties), automotive 6%, and coal 5%. On a geographic basis, approximately 32% of revenues came from transborder traffic, 25% from offshore traffic, 23% from Canadian domestic traffic, and 20% from U.S. domestic traffic. CN has the lowest operating ratio among Class I railroads.


Financials

CN's financial performance, when measured on the basis of profit margin, balance sheet strength, and free cash flow, has been among the best in the industry since 1999. To maintain this position, CN has focused on strategies to grow its businesses profitably. Such profitable growth is driven by high-quality service, continuous pursuit of productivity improvement, containing and reducing costs, and increasing revenue. Since 1995, CN has successfully increased revenue through organic growth and well-executed acquisitions or alliances.


Trends and Forces

High Profit Magins

Canadian National Railway is enjoying a high profit margin of approximately 26%, which is at or near the top in the industry. The company states that it has many more short-term than long-term freight contracts, which gives them the ability to adjust rates to accommodate current economic conditions. Investors who follow the rails know that CNI benefits from the huge Prince Rupert Terminal, which is projected to bring in approximately $110m to CNI coffers this year.



References

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