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norfolk southern
Business, Logistics

Norfolk Southern, CSX Say They Won't Make 2018 Deadline for Train-Control Safety System

Image

CSX Corp. and Norfolk Southern Corp. told the Federal Railroad Administration they won't make the 2018 deadline for full implementation of positive train control.

Eric Anderson | Times Union (Albany, N.Y.)
February 4, 2016
Logistics

Norfolk Southern to Cut 2,000 Jobs as Part of Streamlining Plan

Image

Norfolk Southern Corp. reported Jan. 27 that fourth-quarter profit fell 29% from the same period a year ago and its yearly profit for 2015 was off by nearly as much — down 20% from a year earlier.

Robert McCabe | The (Norfolk) Virginian-Pilot
January 27, 2016
Logistics

Canadian Pacific to Shift Strategy in Bid for Norfolk Southern

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Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum.

Frederic Tomesco and Thomas Black | Bloomberg News
January 22, 2016
Logistics

Declining Coal Use Pressures Railroads

Pressures facing American railroad companies have led Norfolk Southern Corp. to engage in an “ongoing drive to enhance operating efficiencies,” raising questions about the future of its Moraine, Ohio, rail yard.

Thomas Gnau | Springfield News-Sun (Ohio)
January 20, 2016
Logistics

Norfolk Southern Consolidates as Coal Volume Drops

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Norfolk Southern Corp. said it will consolidate two of its operating divisions and idle portions of a 253-mile line in Ohio and West Virginia to lower costs and boost efficiency in the face of declining traffic on its coal shipping network.

January 13, 2016
Logistics

Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid

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Norfolk Southern Corp. is gaining political and customer support for rejecting Canadian Pacific Railway Ltd.’s takeover bid, which could make it harder for the Canadian company and investor Bill Ackman to wage a proxy fight.

Thomas Black and Frederic Tomesco | Bloomberg News
January 11, 2016
Government, Logistics

Two House Democrats Urge Rejection of Canadian Pacific Bid for Norfolk Southern

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Two senior Democrats in the U.S. House of Representatives urged federal regulators on Jan. 6 to reject any acquisition bid for railroad operator Norfolk Southern Corp. by Canadian Pacific Railway Ltd.

David Morgan | Reuters
January 7, 2016
Logistics

Norfolk Southern Customers Lobby Regulators Against Canadian Pacific Bid

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Industry groups representing major freight customers of Norfolk Southern Corp. have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd., according to letters viewed by Reuters.

Nick Carey | Reuters
January 4, 2016
Logistics

Norfolk Southern Turns Down Third Acquisition Offer, Calling Canadian Pacific’s Bid ‘Grossly Inadequate’

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Canadian Pacific Railway Ltd. is weighing options such as a proxy fight after Norfolk Southern Corp.’s board of directors for the third time rejected an acquisition offer as “grossly inadequate” and unlikely to pass regulatory muster.

Rip Watson | Special to Transport Topics
January 4, 2016
Logistics

Norfolk Southern Again Rejects Canadian Pacific Acquisition Offer

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Norfolk Southern Corp. for the third time rejected an acquisition offer from Canadian Pacific Railway Ltd., saying the latest proposal also was ” grossly inadequate” and “creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome.”

December 23, 2015

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