Canadian National Railway Company reported strong Q2 results with an 11% increase in both revenue and earnings per share (EPS), driven by disciplined pricing and higher volumes. Operational efficiency improved despite minor setbacks, and management raised EPS guidance based on internal execution rather than external economic factors. A strategic agreement with Union Pacific reduces merger risks and expands the company's reach into Mexico, enhancing long-term growth prospects. After a nearly 40% rise in share price, the stock was downgraded to Hold due to a reduced margin of safety and an implied internal rate of return of 7.7%.
Canadian National Railway reported a 10% increase in diluted earnings per share for Q2 2026, driven by strong volume growth, especially in grain and energy products. Revenue ton miles rose 5% year-over-year, with record fuel efficiency and solid oper...
Union Pacific and Canadian National Railway (CN) have signed a binding agreement to improve rail service across North America. The deal expands Union Pacific's operating rights on CN's Elgin, Joliet and Eastern corridor near Chicago and grants CN new...
Union Pacific and Canadian National Railway (CN) have signed a binding Memorandum of Understanding to expand CN's access to shipper facilities and rail terminals as part of Union Pacific's proposed merger with Norfolk Southern. The agreement allows C...
Union Pacific and Canadian National Railway (CN) have signed a Memorandum of Understanding to enhance rail connectivity across North America. The deal grants Union Pacific expanded operating rights on CN's Elgin, Joliet & Eastern Railway corridor in ...
