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Operator Ladies and gentlemen, CN s Fourth Quarter and Full Year 2020 Financial Results Conference Call will begin momentarily. I would like to remind you that today s remarks contain forward-looking statements within the meaning of applicable securities laws. Such statements are based on assumptions that may not materialize and are subject to risks described in CN s fourth quarter and full year 2020 financial results press release and analyst presentation documents that can be found on CN s website. As such, actual results could differ materially. Reconciliations for any non-GAAP measures are also posted on CN s website at www.cn.ca. Please standby, your call will begin shortly. ....
Canadian National Railway(TSX:CNR)(NYSE:CNI). Both companies do business abroad and import raw materials for their respective operations. If you were to invest in import-related stocks, the two are your top choices. Outstanding stock performance Stella-Jones did not disappoint investors in 2020 with its 25.18% total return on top of the modest 1.3% dividend. The $3.1 billion producer and seller of treated wood products in North America can easily afford to sustain dividend payments given the low 19.6% payout ratio. This company supplies railway ties and timbers to rail operators. Electrical utilities and telecommunication companies are the buyers of its utility poles. Stella-Jones is also a supplier of residential lumber and accessories for outdoor applications. Some analysts expect Stella-Jones to benefit from the red-hot housing market in 2021. ....
CN, Alabama Export Railroad and Ray-Mont Logistics Partner on Mobile, Alabama Logistics Hub areadevelopment.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from areadevelopment.com Daily Mail and Mail on Sunday newspapers.
CN, Partners Launching Alabama Logistics Park Written by Marybeth Luczak, Executive Editor The first phase of the project includes a facility for bagging and containerizing plastic pellets. Two bagging lines will provide an annual capacity of 25,000 TEUs. CN and partners Alabama Export Railroad and Ray-Mont Logistics are kicking off the first phase of a new Mobile, Ala.-based logistics park, which is expected to open in late 2021. Its aim is to offer a new option for shipping bagged plastic resins from the Port of Mobile. James Cairns, Senior Vice President, Rail Centric Supply, CN The first phase includes a facility for bagging and containerizing plastic pellets. Two bagging lines will provide an annual capacity of 25,000 TEUs (Twenty-Foot Equivalent Units). ....
Share: Canadian railway CN (NYSE: CNI) has partnered with others to develop a high-tech logistics near the Port of Mobile in Alabama for the export of plastics resins or pellets. CN, Mississippi Export Railroad subsidiary Alabama Export Railroad and Ray-Mont Logistics expect the first phase of the logistics park in Mobile to be open in late 2021. The facility, designed to bag and containerize plastic pellets, will have an annual capacity of 25,000 twenty-foot equivalent units. With this new project CN is committed to enabling growth and success for our partners and our customers. CN is once again using the strength of its unique tri-coastal network, and close collaboration with its supply chain partners, to help customers win in their markets, said James Cairns, CN s senior vice president for the rail-centric supply chain. ....