Back to top
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Canadian National Railway Company (CNI) - free report >>
C.H. Robinson Worldwide, Inc. (CHRW) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Canadian National Railway Company (CNI) - free report >>
C.H. Robinson Worldwide, Inc. (CHRW) - free report >>
Image: Bigstock
Canadian National (CNI) Announces Termination of IBEW-Led Strike
Sunny days seem to be back for Canadian National Railway Company (CNI - Free Report) once again, as the railroad operator confirmed the termination of strike notice from the International Brotherhood of Electrical Workers (“IBEW”) for issues primarily related to wages and benefits. Notably, IBEW has agreed to binding arbitration and shall end the strike on Jul 5.
The 750 signal and communications employees of Canadian National, represented by the IBEW, shall resume their respective work from Jul 6, 2022.
CNI had received a 72-hour strike notice from the union on Jun 15. Per a Reuters report, IBEW turned down CNI leadership’s 10% wage-hike proposal for the striking employees. The increment was requested for three years.
Despite the strike materializing, the movement of products like crops, oil, potash, coal and other manufactured remained normal, per CNI. The Zacks Rank #3 (Hold) railroad operator is grateful to its management employees and contractors for their ongoing services, which kept rail operations smooth during this emergency situation. Notably, shares of CNI have gained 8.7% over the past year against 6.1% loss of the industry it belongs to.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader Zacks Transportation sector are Kirby (KEX - Free Report) , C.H. Robinson Worldwide (CHRW - Free Report) and Diana Shipping Inc. (DSX - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Kirby has an expected earnings growth rate of 278.57% for the current year. KEX delivered a trailing four-quarter earnings surprise of 7.7%, on average.
Kirby has a long-term earnings growth rate of 12%. Shares of KEX have gained 2.3% so far this year.
C.H. Robinson has an expected earnings growth rate of 15.9% for the current year. CHRW delivered a trailing four-quarter earnings surprise of 17.1%, on average.
C.H. Robinson has a long-term earnings growth rate of 9%. Shares of CHRW have gained 8.8% over the past year.
Diana has an expected earnings growth rate of 265.1% for the current year. The Zacks Consensus Estimate of Diana’s current-year earnings has improved 5.4% over the past 90 days.
Shares of DSX have gained 18% so far this year.