QUOTE AND NEWS
SeekingAlpha  Oct 22  Comment 
By SA Transcripts: Canadian National Railway (NYSE:CNI) Q3 2014 Earnings Conference Call October 21, 2014 4:30 PM ET Executives Janet Drysdale – Vice President, Investor Relations Claude Mongeau – President and Chief Executive...
Wall Street Journal  Oct 21  Comment 
Canadian National Railway said Tuesday that a weaker Canadian dollar and strong energy markets helped boost its revenue to a record level in the third quarter.
SeekingAlpha  Oct 21  Comment 
By SA Transcripts: The following audio is from a conference call that will begin on October 21, 2014 at 16:30 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
New York Times  Oct 8  Comment 
A freight train derailed Tuesday in Saskatchewan, setting two cars of petroleum distillate on fire, the Canadian National Railway Company said.
Benzinga  Oct 7  Comment 
Train Reportedly Carrying "Dangerous Goods" BZ NOTE: CNI Train Map: http://www.cn.ca/en/repository/popups/maps/cn-network-map BZ NOTE: CNI Website of Train Maps: http://www.cn.ca/en/our-business/our-network/maps © 2014...
SeekingAlpha  Oct 7  Comment 
By Roadmap2Retire: Canadian National Railway (CNR.TO) (NYSE:CNI) is the larger of the two Canadian railroad companies. The railroad company has a vast network and serves three coasts of North America with over 20,000 miles of tracks. The company...
SeekingAlpha  Oct 2  Comment 
By Alpha Strategist: CNI acts as A Lifeline for the North American Economy The Canadian National Railways Company (NYSE:CNI) plays a very crucial role in the economy and has access to over 75% of the US population and all major Canadian...
SeekingAlpha  Sep 19  Comment 
By ValueBull Investor: Canadian National Railway Company (NYSE:CNI) has experienced some truly impressive growth since the Great Recession, especially considering the mature industry it services. The stock has grown by close to 200% in the past...
Wall Street Journal  Sep 18  Comment 
Canadian National Railroad faces a fine for failing to meet government-mandated grain-shipment levels meant to ease a bottleneck in Western Canada.




 
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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