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CNI Canadian National Railway Co

126.19
2.65 (2.15%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian National Railway Co NYSE:CNI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.65 2.15% 126.19 126.32 123.80 123.83 1,190,971 22:30:00

Canadian National Railway to Buy Iowa Northern Railway

06/12/2023 10:43pm

Dow Jones News


Canadian National Railway (NYSE:CNI)
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By Sabela Ojea

 

Canadian National Railway said it is acquiring railroad operator Iowa Northern Railway, without providing details on the value of the deal.

The company on Wednesday said it has signed an agreement to buy Iowa Northern Railway, which operates about 275 track miles in Iowa connecting to Canadian National Railway's U.S. rail network.

The deal would support local businesses' growth prospects, Canadian National Railway said.

"Iowa Northern Railway serves upper Midwest agricultural and industrial markets covering many goods, including biofuels and grain," it added.

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

December 06, 2023 17:28 ET (22:28 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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