stocktrademan
10 years ago
$CNI DD Notes ~ http://www.ddnotesmaker.com/CNI
Topdown market analysis:
Market is _BULLISH_
Today is _UP_
Bullish Sector _RAILROADS_
bullish stock in this sector
$CNI recent news/filings
## source: finance.yahoo.com
Thu, 30 Oct 2014 15:28:24 GMT ~ Early Glance: Railroad companies
read full: http://sg.finance.yahoo.com/news/early-glance-railroad-companies-142638151--finance.html
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Thu, 30 Oct 2014 15:28:24 GMT ~ Early Glance: Railroad companies
read full: http://finance.yahoo.com/news/early-glance-railroad-companies-153324991.html
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Thu, 30 Oct 2014 15:07:47 GMT ~ Green Signal for 3 Transportation Stocks this Earnings Season
read full: http://finance.yahoo.com/news/green-signal-3-transportation-stocks-150747114.html
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Thu, 30 Oct 2014 14:33:25 GMT ~ OCT 30, 2014 Media Advisory - Jim Vena, CN executive vice-president and chief operating officer, to address Scotiabank Transportation & Aerospace Conference 2014 on Nov. 13
[at noodls] - MONTREAL , Oct. 30, 2014 /CNW Telbec/ - Jim Vena , executive vice-president and chief operating officer of CN (TSX: CNR) (NYSE: CNI), will address the Scotiabank Transportation & Aerospace Conference 2014 ...
read full: http://www.noodls.com/view/18D69497B5BCE9989E531D8FE2DF586B2B0363C0
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Thu, 30 Oct 2014 14:33:18 GMT ~ OCT 30, 2014 Media Advisory - Jim Vena, CN executive vice-president and chief operating officer, to address Scotiabank Transportation & Ae...
[at noodls] - MONTREAL , Oct. 30, 2014 /CNW Telbec/ - Jim Vena , executive vice-president and chief operating officer of CN (TSX: CNR) (NYSE: CNI), will address the Scotiabank Transportation & Aerospace Conference 2014 ...
read full: http://www.noodls.com/view/FEFFB3FD33273D370C616A61F52C63279F7B9C80
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$CNI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CNI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CNI/company-info
Ticker: $CNI
OTC Market Place: Not Available
CIK code: 0000016868
Company name: Canadian National Railway Co.
Company website: http://www.cn.ca
Incorporated In: Canada
$CNI share structure
## source: otcmarkets.com
Market Value: $32,480,853,312 a/o Oct 29, 2014
Shares Outstanding: 468,158,739 a/o Dec 31, 2008
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$CNI extra dd links
Company name: Canadian National Railway Co.
Company website: http://www.cn.ca
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CNI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CNI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CNI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CNI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CNI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CNI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/news - http://finance.yahoo.com/q/h?s=CNI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CNI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CNI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CNI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CNI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CNI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CNI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CNI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CNI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CNI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Canadian+National+Railway+Co.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Canadian+National+Railway+Co.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Canadian+National+Railway+Co.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.cn.ca
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.cn.ca#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.cn.ca
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CNI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CNI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CNI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CNI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CNI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000016868&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CNI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CNI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CNI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CNI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CNI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CNI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CNI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CNI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CNI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CNI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CNI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CNI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CNI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CNI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CNI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CNI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CNI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CNI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CNI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CNI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CNI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CNI
$CNI DD Notes ~ http://www.ddnotesmaker.com/CNI
sumisu
16 years ago
Canadian National 1Q profit beats expectations
Canadian National 1Q profit grows because of rail corridor sale; shares rise in late trading
The Associated Press
http://finance.yahoo.com/news/Canadian-National-1Q-profit-apf-14977651.html?.v=2
Monday April 20, 2009, 5:36 pm EDT
Canadian National Railway Co. said Monday its first-quarter profit rose 36 percent after it sold a rail corridor, though its adjusted profit was flat with year-ago results.
Related Quotes
Symbol Price Change
CNI 39.43 -2.33
The Montreal-based railroad said it earned 424 million Canadian dollars ($349.6 million), or 90 Canadian cents (74 cents) per share during the quarter that ended March 31, up from 311 million Canadian ($256.5 million) or 64 Canadian cents (53 cents) per share, during the same period last year.
The company said that if not for one-time items it would have earned 302 million Canadian dollars ($249 million) or 64 Canadian cents per share (53 cents).
Revenue fell 3.5 percent to almost 1.86 billion Canadian dollars ($1.53 billion), from 1.93 billion Canadian dollars ($1.59 billion) a year ago.
Analysts surveyed by Thomson Reuters were expecting a higher profit of 61 Canadian cents per share on revenue of 1.82 billion Canadian dollars. Analysts typically exclude one-time items from their estimates.
The company said it recorded a gain of 135 million Canadian dollars, or 29 Canadian cents per share, from selling a railway corridor to GO Transit in Toronto. It said it also booked expenses of 28 million Canadian dollars, or 6 Canadian cents per share, to acquire the main rail lines of the Elgin, Joliet and Eastern Railway Co., which closed on Jan. 31.
The company said its revenue fell because of "significantly lower volumes in almost all markets as a result of current economic conditions in the North American and global economies." In addition, lower fuel prices reduced the fuel surcharge it had passed along to customers.
But the company said the lower Canadian dollar versus the U.S. dollar acted as a "shock absorber" as traffic declined sharply. Carloadings fell 16 percent.
Lower fuel prices "and management's quick response to lower workload" helped operating expenses fall 2 percent, the company said.
Shares of Canadian National fell $2.33, or 5.6 percent, to close at $39.43 on the New York Stock Exchange before the results were released. They rose 7 cents to $39.50 in after-hours trading.
Investorman
16 years ago
CN orders 40 new high-horsepower EMD locomotives, secures option for 50 more units
Friday December 19, 12:32 pm ET
New diesel-electric locomotives will improve fleet efficiency, reduce
fuel consumption and emissions
MONTREAL, Dec. 19 /PRNewswire-FirstCall/ - CN (TSX: CNR - News; NYSE: CNI - News) announced today it has ordered 40 additional high-horsepower locomotives from Electro-Motive Diesel, Inc. (EMD) and secured an option for 50 more of the EMD locomotives.
CN will acquire 40 EMD SD70M-2 locomotives in early 2010, with an option for 50 more of the 4,300 horsepower locomotives by 2011.
CN currently has 75 SD70M-2s in service, and 25 additional units, previously ordered in 2007, will join CN's locomotive roster during the first quarter of 2009.
E. Hunter Harrison, president and chief executive officer, said: "The new EMD locomotives are a sound investment. They will help CN to improve the efficiency and reliability of its motive power and enhance customer service, and will also allow us to reduce fuel consumption and exhaust emissions. Rail is the green mode of transportation, and our new locomotives will further enhance our environmental performance."
The new EMD locomotives will be up to 20 per cent more fuel efficient than the ones they replace and will comply fully with the latest regulatory requirements for reduced locomotive emissions.
All of the new locomotives will have improved crew cabs that will also be isolated from the frame to reduce noise and vibration for train personnel.
In addition, the units will be equipped with distributed power (DP) capability. DP enables remote control of a locomotive or locomotives throughout a train from the lead control locomotive.
DP provides faster, smoother starting, improved braking and lower pulling forces at the head-end of a train. In addition, it significantly reduces the time required to charge a train's air brake system, a major benefit in cold weather conditions that slow charging rates. All of this results in more productive use of assets and manpower, better customer service and safer and more efficient train operations. Today CN has more than 200 locomotives equipped with DP technology.
Investorman
16 years ago
Billionaire Buffett Adds to Railroad Stake
Monday November 3, 8:32 am ET
By the tickerspy.com Staff
Not long after a Berkshire Hathaway (NYSE: BRK-A - News, BRK-B - News) subsidiary sold puts on Burlington Northern Santa Fe (NYSE: BNI - News), a bullish bet on the railroad, an SEC filing has revealed that Warren Buffett's firm has added to its Burlington Northern stake.
ADVERTISEMENT
According to the filing, Buffett upped his stake in the railroad by buying 825,000 shares at $79.65. Following the buy, Berkshire owns 18.9%, or 64.6 million shares, of Burlington Northern.
Looking at Buffett's holdings from the start of Q3, Burlington Northern is joined by the other two railroads he has been investing in: Norfolk Southern (NYSE: NSC - News) and Union Pacific (NYSE: UNP - News).
Among Buffett's end-of-Q2 holdings, these railroads have been middle-of-the-road performers. Rebounding financials, including Wells Fargo & Company (NYSE: WFC - News) and SunTrust Banks (NYSE: STI - News), have done best since mid-summer, followed by well-known blue chips like Anheuser-Busch (NYSE: BUD - News), Procter & Gamble (NYSE: PG - News), and Kraft (NYSE: KFT - News).
Looking at tickerspy.com's graph charting the performance of Berkshire's end-of-Q2 holdings during Q3 and beyond, it's clear that Buffett's focus on blue chips has served him well. His recent bullish bet on railroads bears watching, though.
However, investors won't be sure of where Buffett stands now until later this month, when the deadline for Q3 filings hits. At tickerspy.com, members can track Buffett's latest holdings, see a graph of their combined performance, and be notified when new holdings are made public.
Investorman
16 years ago
CN acquires three rail subsidiaries and ferry operation of Quebec Railway Corp. (QRC) for C$49.8 million
Monday November 3, 9:00 am ET
Purchase adds QRC's core Ontario, Quebec and New Brunswick rail
properties to CN's network
MONTREAL, Nov. 3 /PRNewswire-FirstCall/ - CN announced today the acquisition of the three principal railway subsidiaries of the Quebec Railway Corp. (QRC) and a QRC rail-freight ferry operation for $C49.8 million. Under the transaction, CN is purchasing 540 track miles of rail line it formerly owned in eastern Ontario, eastern Quebec and northern New Brunswick, as well as a ferry service on the St. Lawrence River in eastern Quebec. CN sold the rail lines to QRC in the late 1990s and has held a minority equity interest in the ferry operation since its start-up in 1975.
E. Hunter Harrison, president and chief executive, said: "The operations we're buying are important to CN because QRC is our second-largest short-line partner, serving important customers at origin and directly feeding our main-line network. QRC has done a great job with these rail properties, and we believe can improve on that in future. With CN's industry-leading operating model and track record of seamlessly integrating acquisitions, we expect to realize meaningful operating efficiencies from the addition of these properties to our network."
Pierre Martin, chairman of QRC, said: "We are pleased to have reached agreement with CN on the sale of these three rail subsidiaries and ferry operation. With our close partnership over the years, CN was the logical purchaser of these properties after QRC decided to dispose of key assets. We believe CN will build on our sustained customer focus to deliver even better service in future."
The QRC properties CN is purchasing are the:
- Chemin de fer de la Matapedia et du Golfe (CFMG)
CFMG has 221 miles of track, interchanging with CN at Riviere-du-Loup,
Que. It runs from Riviere-du-Loup to Campbellton, N.B., where it
meets QRC's New Brunswick East Coast Railway. CFMG also has a line
between Mont-Joli and Matane, Que., where a rail ferry operates to the
north shore of the St. Lawrence River. CFMG serves major shippers of
aluminum, paper and forest products. VIA Rail Canada Inc. uses the line
between Riviere-du-Loup and Campbellton for its Maritime service
between Montreal and Halifax.
- New Brunswick East Coast Railway (NBEC)
The NBEC runs between Campbellton and Pacific Junction near Moncton,
N.B. It is 196 miles long and interchanges with CN at Moncton Yard. In
tandem with CFMG, the NBEC serves major shippers mainly in the mining
and pulp and paper industries. VIA Rail uses the line between
Campbellton and Pacific Junction for its Montreal-Halifax service.
- Ottawa Central Railway (OCR)
The OCR runs between Coteau, Que., where it interchanges with CN, and
Pembroke, Ont. It also serves Hawkesbury, Ont. Between Coteau and
Ottawa, the OCR operates over VIA Rail trackage. Major commodities
carried by the OCR include newsprint, salt, forest products, steel wire
rod and billets.
- Compagnie de gestion de Matane inc. (COGEMA)
COGEMA provides shuttle boat-rail freight service on the St. Lawrence
River between Matane and Baie-Comeau, Que., and other ports on the
North Shore of the Gulf of St. Lawrence when required. The rail ferry
has a capacity of 25 rail cars. CFMG connects with the ferry at Matane
and interchanges traffic with CN at Riviere-du-Loup.
CN will invest capital over the next three years to upgrade the rail lines of the acquired properties, and will replace the existing locomotive fleet with more modern motive power.
Post-transaction, it will be "business as usual" under CN ownership, with no immediate changes in freight, VIA Rail passenger rail service or employment levels. The QRC lines being acquired by CN employ approximately 214 persons.
CN will assume the operation and management contract for the Chemin de fer de la Gaspesie, which runs from Matapedia to Gaspe, Que.
Excluded from the transaction are QRC's Sydney Coal Railway Inc. subsidiary in Sydney, N.S., and its Chemin de fer de Charlevoix inc. (CFC) unit running east of Quebec City to Clermont, Que.
To view a map of the operations CN is acquiring, click on http://files.newswire.ca/761/CFQ.e.pdf.
sumisu
16 years ago
If Warren Buffett Takes a Train,
Should You Go for a Ride, Too?
By JAY PALMER
August 10, 2008
http://online.wsj.com/article/SB121834079190027499.html
Across America, the train whistle is a-blowin'.
Amtrak ridership is at a record, and local transit systems from Washington, D.C., to Oakland, Calif., are scrambling to add cars and track. Freight trains, too, are barreling into a new, more promising future.
Put simply, with roads congested and gas prices sky-high, Americans are getting fed up with driving. Flying is hitting similar problems.
Little wonder that local authorities expect passenger-train ridership to keep climbing, even as the U.S. Chamber of Commerce expects freight railroads to see an 88% increase in demand over the next quarter-century.
Investors may want to hop aboard before the train leaves the station. Warren Buffett, for one, has done so. Over the past 18 months, his Berkshire Hathaway has built up an 18% equity stake in Burlington Northern Santa Fe, along with smaller but substantial holdings in a number of other freight lines.
Though the weak economy has curtailed freight volumes, the stocks of many freight railways have moved up markedly, as investors look down the tracks to better days. But given the long-term growth prospects -- do you ever expect to see $1.50-a-gallon gas again? -- the group still looks reasonably priced, especially since its earnings outlook is strong.
Some bulls see some freight stocks climbing 10% to 15% over the next year -- and much higher over the long haul.
In rail freight, seven lines -- Union Pacific, Burlington Northern, CSX, Norfolk Southern, Canadian National, Canadian Pacific and Kansas City Southern -- handle close to 90% of the nation's freight rail traffic. Business has been very good. That's in part because locomotives today get roughly 80% more mileage from a gallon of diesel than they did 30 years ago, making them much more fuel-efficient than big trucks when the amount they can haul is figured into the equation.
On the passenger side of the business, there are no U.S. railways with publicly traded stocks, but investors can find some intriguing plays among equipment makers like Canada's Bombardier (BBD-B.Toronto), which makes locomotives, passenger cars and more, and Pennsylvania-based Wabtec, which makes brake systems for the mass-transit and long-distance rail markets.
And there are opportunities overseas. China, for instance, is quadrupling its spending on its railroads to $160 billion over the next three years. That's why China Railway Group (0390.Hong Kong) and China Railway Construction (1186.Hong Kong) are attracting attention as promising plays for the long term.
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sumisu
17 years ago
Sector Snap: Railroads hit highs after upgrade
Monday May 19, 2:20 pm ET
Railroads hit all-time highs after analyst lifts largest rail to 'Buy,' citing growth plan
http://biz.yahoo.com/ap/080519/railroads_sector_snap.html?.v=2
NEW YORK (AP) -- Railroad stocks jumped to new all-time highs Monday, after a Stifel Nicolaus analyst upgraded Union Pacific Corp. to "Buy" from "Hold," suggesting a new management plan should boost shares over the next several years.
Analyst John G. Larkin said Union Pacific management's aggressive growth plan, combined with a defensive strategy against a weak economy and soaring fuel costs, could drive shares more than 20 percent in the next three to three and a half years. Union Pacific is North America's largest railroad by revenue.
"(Chief Executive) Jim Young's comprehensive 'blocking and tackling' approach seems to be gaining steady traction across the entire company and across all the functional railroad disciplines," Larkin said in a note to clients.
Larkin said the Omaha, Neb.-based company has a significant opportunity to grow earnings through productivity improvement. He also noted the company will likely aim to spend its money wisely in its strongest franchise markets.
He issued a 12-month price target of $182, and raised his estimates for 2008, 2009 and 2010.
Longbow Research analyst Lee Klaskow also raised his 2008 and 2009 estimates for Union Pacific, citing "the continued strong pricing environment and management's renewed focus on its bottom line."
In afternoon trading, Union Pacific jumped $5.28, or 3.5 percent, to $158.28. The stock hit an all-time high of $159.65 earlier.
Burlington Northern Santa Fe Corp. added $2.87, or 2.6 percent, to $111.43. Shares reached an all-time high of $112.40 earlier.
CSX Corp. gained $2.78, or 4.2 percent, to $68.32. The stock reached an all-time high of $68.87 earlier.
Norfolk Southern Railway Co. rose $2.07, or 3.2 percent, to $66.38, after hitting a new all-time high of $66.74 earlier.
Kansas City Southern lifted $1.99, or 4.2 percent, to $48.99, after reaching a new all-time high of $49.13 earlier.
Canadian National Railway Co. gained $1.29, or 2.3 percent, to $58.16, after hitting an all-time high of $58.50.
Canadian Pacific Railway Ltd. rose $2.75, or 3.8 percent, to $76. Its all-time high is $90.15.
sumisu
17 years ago
CN's executive vice-president and chief financial officer to address the Wolfe Research Transportation Conference May 21
Friday May 16, 11:00 am ET
http://biz.yahoo.com/iw/080516/0398140.html
MONTREAL, QUEBEC--(MARKET WIRE)--May 16, 2008 -- Claude Mongeau, CN's executive vice-president and chief financial officer, will address the Wolfe Research Transportation Conference on May 21, 2008 at 1:15 pm ET in New York City.
Mongeau will discuss CN's franchise and the company's business opportunities and prospects.
Interested investors may listen to a live audio webcast of Mongeau's presentation, and view the slides supporting his remarks, on the CN website, www.cn.ca/investors. A replay of the webcast will be available on the CN website shortly after the presentation ends.
CN (Toronto:CNR.TO - News)(NYSE:CNI - News) - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
www.cn.ca
Contact:
Contacts:
CN
Bryan Tucker (Media)
Senior Manager
Public Affairs and Media Relations
(514) 399-6450
CN
Robert Noorigian (Investment Community)
Vice-President
Investor Relations
(514) 399-0052
--------------------------------------------------------------------------------
Source: CN
sumisu
17 years ago
DOT says freight activity fell in March
Wednesday May 14, 1:13 pm ET
Transportation Department says freight activity fell in March, passenger index rose
http://biz.yahoo.com/ap/080514/transportation_indexes.html?.v=1
WASHINGTON (AP) -- Freight activity fell in March while a passenger index rose, according to government data released Wednesday.
The Transportation Department's Bureau of Transportation Statistics said its freight transportation services index, which measures changes in the output of services by the railroad, air freight and trucking industries, was 109.4 in March, 0.4 percent lower than the same month last year.
The freight index was down 1.9 percent from its February level, the largest monthly decline since August 2006. The index started in January 1990 at 66.6, and peaked in November 2005 at 113.1.
Canadian National Railway Co., Union Pacific Corp., Burlington Northern Santa Fe Corp. and CSX Corp. are among the largest railroad operators. Trucking companies include Con-Way Inc., Marten Transport Ltd., YRC Worldwide Inc. and Knight Transportation Inc. Air freight providers included FedEx Corp. and United Parcel Service Inc.
The passenger transportation index, which measures local transit, air travel and intercity railroads, gained 1.8 percent to 116.2 in March from a year earlier. That index, which also was up 1.8 percent from its February level, started at 70.5 in 1990 and peaked at nearly 118.2 last October.
The government's combined freight and passenger transportation services index in March was 110.7, a 0.2 percent gain compared with the same month last year, but down 1 percent from February. It started at 67.1 in 1990 and peaked at 112.6 in May 2006.
The March government data are preliminary and scheduled to be revised in four months.
sumisu
17 years ago
CN offers new intermodal service between Eastern Quebec, Ontario and Western Canada
Monday May 12, 10:00 am ET
http://biz.yahoo.com/iw/080512/0395975.html
MONTREAL, QUEBEC--(MARKET WIRE)--May 12, 2008 -- CN (NYSE:CNI - News) (Toronto:CNR.TO - News) announced today a new intermodal service between the Eastern Quebec region, Toronto and Western Canada.
The new service will appeal to forest products producers and manufacturers seeking cost-effective transportation to key markets in Ontario and Western Canada.
Stan Jablonski, CN senior vice-president, sales, said: "We believe there is strong interest in this intermodal option in the Quebec City area and beyond, including Jonquiere, Chicoutimi, Montmagny, La Pocatiere and Riviere-du-Loup. We have the capacity to accommodate new traffic volumes between these centres, Toronto and the West."
The new CN product will appeal to shippers of heavy products who can load 60,000 pounds in a 40-foot container, which has the equivalent capacity of a 53-foot truck trailer.
Jablonski said: "The service will reduce wear and tear on long-distance truck fleets and extend the environmental benefits of rail to a new group of shippers. Moving freight by rail for the long haul and truck for the short haul is the most environmentally responsible, efficient and economical transportation choice for shippers."
CN will offer Quebec City shippers daily service to Toronto, Winnipeg, Edmonton, Calgary and Vancouver.
For more information on CN's new product offering, please contact CN account manager Yves Guillemette at (418) 832-3135.
CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
Contact:
Contacts:
CN
Julie Senecal (Media)
Manager, Public & Government Affairs
(514) 399-4048
CN
Robert Noorigian (Investment Community)
Vice-President, Investor Relations
(514) 399-0052
--------------------------------------------------------------------------------
Source: CN
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