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norfolk southern
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 | Daily News (Dayton, Ohio)
January 20, 2016
Logistics

Norfolk Southern Consolidates as Coal Volume Drops

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.

Transport Topics
January 13, 2016
Logistics

Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid

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

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

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’

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

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.”

Transport Topics
December 23, 2015
Logistics

Canadian Pacific Enhances Offer to Purchase Norfolk Southern

Canadian Pacific Railway Ltd. enhanced its offer to acquire Norfolk Southern Corp. by at least 10% and signaled a proxy fight for the U.S. carrier would start in February if there are no talks beforehand.

Transport Topics
December 16, 2015
Government, Logistics

Canadian Pacific-Norfolk Southern Bid Raises Lawmakers' Concern

Canadian Pacific Railway Ltd.’s bid to merge with Norfolk Southern Corp. has raised concerns among Democratic lawmakers from Illinois, who sent a letter to regulators urging them to consider potential negative impacts on the Chicago rail hub.

Thomas Black | Bloomberg News
December 16, 2015
Logistics

Norfolk Southern Rejects $28.1 Billion CP Merger Offer

Norfolk Southern Corp. soundly rejected Canadian Pacific Railway Ltd.’s $28 billion merger proposal, labeling the offer “grossly inadequate and not in the best interests of shareholders.”

Rip Watson | Special to Transport Topics
December 4, 2015

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