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CN, police union reach tentative agreement

(Source: CN press release, January 15, 2018) MONTREAL — CN and the Canadian National Railway Police Association (CNRPA) announced today that the parties have reached a tentative agreement for a new contract. Details of the agreement, which covers CN police officers...

Railroads get U.S. Supreme Court hearing on stock-option taxes

(Source: Bloomberg, January 12, 2018) WASHINGTON, D.C. — The U.S. Supreme Court agreed to decide whether railroads and their employees must pay millions of dollars in taxes when workers exercise stock options. The justices said they’ll hear an appeal by U.S. units of...

CN revenue rises 2 percent in 4Q 2016

(Source: Reuters, January 24, 2017) MONTREAL — Canadian National Railway Co reported a 2 percent rise in quarterly revenue on Tuesday as the railroad moved higher volumes of Canadian grains and U.S. soybeans, refined petroleum products, finished vehicles and petroleum...

CN reports record 4Q 2016 income

(Source: Canadian National press release, January 24, 2017) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2016. Fourth-quarter 2016 financial highlights • Net income increased eight per cent to C$1,018...

Stock analysts give thumbs up to CN, CP

(Source: Financial Post, January 4, 2017) OTTAWA — Clear divergences have emerged between Canadian Pacific Railway Ltd. and Canadian National Railway Co., according to Raymond James analyst Steve Hansen. Full story: Financial Post