Canadian National Railway Company ( www.cn.ca ) (NYSE: CNI) together with its subsidiaries, engages in the rail and related transportation business in North America. As of December 31, 2009, it operated approximately 21,000 route miles of track. It was founded in 1922 and is headquartered in Montreal, Canada.
As of December 31, 2008, it had a net income of $1,550,679,000. It had long term debt of $6,059,512,000 and net tangible assets of $8,587,240,000.
Canadian National Railway Company is in the Railroads industry. Its competitors include Canadian Pacific Railway Limited, Norfolk Southern Corporation, and Union Pacific Corporation.
Canadian National Railway Company has a number of sustainable initiatives underway. They use a method called Precision Railroading which allows them to move more freight with less railcars, thereby reducing their carbon footprint. From 2007 – 2009 they invested in 125 new fuel efficient locomotives. They have instituted better management practices to reduce fuel use in transit and their rail yards. At their facilities, they have implemented recycling programs, water conservation and material use reductions. They also participate in the Carbon Disclosure Project ( www.cdproject.net ). However, they serve both sustainable and unsustainable industries when it comes to moving their freight.
This is a Green Business, because of its basic business model. It is properly valued due to its good market position and strong financial fundamental. However, it needs to stay ahead of the curve and reach the level of a Basic Green Business by stopping the hauling of coal and other petrochemicals and related products.
Canadian National Railway Company website