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Mithrandir77

Canadian National Railway (CNI)

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vor einer Stunde schrieb Mithrandir77:

 

 

die schicken auch an deutsche Aktionäre einen Kalender von Union Pacific? :lol:

Ja, aber nur auf jährliche Nachfrage - ich schicke denen jedes Jahr im Dezember einen Bettelbrief

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Mithrandir77
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CN Rail rakes in record Q3 revenue amid concerns over capacity

 

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Canadian National Railway Co. says it raked in the highest quarterly revenues of its 99-year year history, helping the country's largest railroad to address concerns over operating capacity.

The Montreal-based railway earned a net income of $1.13 billion in the quarter ended Sept. 30, an 18 per cent year-over-year increase.

Adjusted earnings rose to $1.1 billion from $989 million a year ago. That equalled $1.50 per diluted share, marking a nearly 15 per cent leap from $1.31 per share a year earlier and beating the expectations of analysts polled by Thomson Reuters Eikon.

Third-quarter revenues grew more than 14 per cent to $3.69 billion -- a CN record for any quarter -- from $3.22 billion.

CN and its rival Canadian Pacific Railway Ltd. said in September that they believe beefed-up inventories of locomotives, hopper cars and extra staff will help to prevent a repeat of last winter's grain-shipping backlog that farmers have said cost them millions of dollars in lost income.

CN says it is still expecting between $5.30 and $5.45 per adjusted diluted share this year, versus an earlier 2018 guidance of $5.10 to $5.25. The company is also reporting an operating ratio, which measures its efficiency, of 59.5 per cent, 2.3 points above the same quarter in 2017.

 

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Mithrandir77
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CN Rail's quarterly revenue jumps 16% on higher efficiency, carloads

 

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Canadian National Railway Co. topped analysts’ estimates for quarterly profit on Tuesday, as the railroad company transported higher volumes of petroleum crude and Canadian grain.

Carloads, the amount of freight loaded into cars, rose about five per cent in the final quarter of 2018, while rail freight revenue per carload increased about 11 per cent, Canada’s largest railroad operator said in a statement.

CN Rail and its smaller rival Canadian Pacific Railway have been investing in infrastructure to ease capacity constraints following a surge in demand for rail transport from oil producers as production exceeds pipeline capacity.

Major Canadian oil producer Cenovus Energy began shipments on CN Rail’s network starting in the final quarter of 2018 as part of a three-year deal that Cenovus also signed with CP.

CN on Tuesday also approved an 18 per cent increase to its quarterly cash dividend and announced a stock buyback of up to 22 million shares.The Montreal-based company said its quarterly operating ratio, which measures operating costs as a percentage of revenue, reached 61.9 per cent compared with 62.7 per cent a year earlier. The lower the ratio, the more efficient the railroad.

 

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Mithrandir77
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CN rekindles century-old rail rivalry with Kansas City Southern bid

 

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Canadian National Railway Co.’s bid to wrest Kansas City Southern away from Canadian Pacific Railway Ltd. is rekindling a century-old rivalry and pitting former colleagues against each other.

The US$30 billion takeover fight sees Canadian National Chief Executive Officer Jean-Jacques Ruest attempting to grab a prize long sought by Canadian Pacific CEO Keith Creel, who once served alongside him as Canadian National’s chief operating officer. It’s one of the biggest railway deals of the past two decades, with the winner gaining control of a sprawling network that crosses the three countries in North America’s trade alliance.

The two sides took shots at each other after Canadian National unveiled an unsolicited bid that’s nearly 20 per cent higher than Canadian Pacific’s offer.

Canadian National is “the better bid, the better partner, the better railway,” Ruest said on a conference call with analysts. “The result will be a safer, faster, cleaner and stronger railway than any other proposed combination for KCS.”

Canadian Pacific said its larger rival’s offer is “illusory and inferior” because it creates major antitrust concerns. “The Canadian National management team has significantly underperformed over a decade and has a track record of underdelivering against its own projections,” Canadian Pacific said in a statement that also attacked CN’s safety record.

 

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