Norfolk Southern News Updates

Schneider unveiled a deal making Norfolk Southern its primary eastern rail provider Oct. 29, demonstrating the size of the carrier’s intermodal ambitions.

Representatives from the agriculture and chemical industries pressed their case that the proposed merger would increase affordability pressures throughout the economy. 

The proposed merger of Union Pacific and Norfolk Southern is drawing growing opposition from state officials, shippers and labor unions.

The companies pledged four new or expanded commitments in a filing July 27, including allowances for customers to seek temporary alternate rail service in the event of service declines.

The deal to create the nation's first transcontinental railroad has been divisive within the industry because it would concentrate so much market power in the hands of one company.

Shares of Union Pacific and Norfolk Southern slumped the most in more than a year after the STB paused its review of their planned $72 billion merger.

Union Pacific and Norfolk Southern say their proposed merger would save shippers $3.5 billion annually in an amended merger application filed April 30.

The derailment in East Palestine, Ohio, has boosted earnings in recent quarters as the railroad collected insurance payments, but that wasn't the case this time.

Union Pacific delivered 5% higher earnings in Q1 as the railroad prepares to convince regulators that its $85 billion acquisition of Norfolk Southern is a good idea.

A bipartisan group of senators recently introduced the Railway Safety Act, reviving legislation aimed at bolstering safety standards three years after a high-profile derailment in Ohio.