BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
MONTREAL - Canadian National Railway Company (TSX: CNR) (NYSE: CNI), one of North America’s leading transportation and logistics companies, announced the election of its board of directors at the annual meeting of shareholders held via online webcast today. All 11 management-nominated candidates were elected to the board, with Shauneen Bruder unanimously re-elected as board chair. According to InvestingPro data, CNR maintains strong financial health with a "GREAT" overall rating, supported by robust profitability metrics and a P/E ratio of 7.9x.
The election results indicated a strong support for the nominees, with the percentages of votes for ranging from 98.61% to 99.81%. The detailed voting results for each director are as follows:
- Shauneen Bruder received 99.01% votes for and 0.99% against.
- Jo-ann dePass Olsovsky garnered 98.61% votes for and 1.39% against.
- David Freeman achieved 99.63% votes for and 0.37% against.
- Denise Gray had 99.28% votes for and 0.72% against.
- Justin M. Howell obtained 99.16% votes for and 0.84% against.
- Susan C. Jones secured 99.79% votes for and 0.21% against.
- Robert Knight was elected with 99.60% votes for and 0.40% against.
- Michel Letellier received 99.16% votes for and 0.84% against.
- Margaret A. McKenzie got 98.66% votes for and 1.34% against.
- Al Monaco had 99.62% votes for and 0.38% against.
- Tracy Robinson secured 99.81% votes for and 0.19% against.
Bruder, who is a Corporate Director and retired Executive Vice-President, Operations at the Royal Bank of Canada, will continue to serve as the chair of the board. Biographical information on the directors can be found in the Information Circular, which is available on the company’s website.
CN operates a rail network of nearly 20,000 miles, transporting more than 300 million tons of cargo annually across North America. The company has been a cornerstone in facilitating trade and economic prosperity in the communities it serves since 1919. InvestingPro analysis reveals the company holds more cash than debt on its balance sheet and maintains a healthy current ratio of 1.52x. With analysts projecting sales growth and continued profitability this year, CNR appears positioned for sustained performance. For detailed financial insights and additional ProTips, explore InvestingPro’s comprehensive analysis tools.
The final voting results on all matters voted at the meeting will be filed with Canadian and U.S. securities regulators. This announcement is based on a press release statement from Canadian National Railway Company. The company’s next earnings report is scheduled for May 6, 2025, which investors can track and analyze using InvestingPro’s comprehensive financial metrics and tools.
In other recent news, Core Natural Resources has completed its merger with Arch Resources, marking a significant development in the coal mining industry. This merger, finalized on January 14, 2025, is expected to enhance the company’s operational capabilities and market position. Following the merger, Core Natural Resources announced the filing of audited consolidated financial statements of Arch Resources for the years ended December 31, 2024, and 2023, with the Securities and Exchange Commission. These financial documents are now publicly accessible and provide insight into the combined entity’s financial health. In analyst notes, Benchmark has maintained its Buy rating on Core Natural Resources with a price target of $112, despite the fourth quarter adjusted EBITDA for the legacy CONSOL Energy assets falling short of expectations. Analysts have noted the company’s guidance for 2025 and the strategic synergies achieved post-merger. Core Natural Resources has also faced operational challenges, including a combustion event at the Leer South mine, impacting coking coal sales. The company plans to return about 75% of its free cash flow to shareholders, supported by a $1.0 billion share buyback program.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.