April 22, 2016 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 21, 2016) NORFOLK, Va. — Norfolk Southern Corporation today reported financial results for first-quarter 2016. Net income for the quarter was $387 million, 25 percent higher compared with $310 million during the same...
April 22, 2016 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 21, 2016) OMAHA, Neb. — Norfolk Southern’s first-quarter profit jumped 25 percent thanks to the railroad’s efforts to reduce costs 13 percent as volume slowed. The Norfolk-based railroad said Thursday it earned $387 million, or $1.29...
April 21, 2016 | CSX, Headlines, NS
(Source: Post and Courier, April 20, 2016) CHARLESTON, S.C. — The State Ports Authority, aiming to capitalize on industrial growth along the Interstate 95 corridor, said Wednesday it plans to build an inland port facility at a Dillon commerce park where Harbor Freight...
April 21, 2016 | CP, Headlines, NS
(Source: Canadian Press, April 20, 2016) TORONTO — Canadian Pacific Railway’s proposed merger with Norfolk Southern was killed by political influence and a system that stacked the deck against a Canadian company, chief executive Hunter Harrison said Wednesday....
April 21, 2016 | Headlines, NS
(Source: Norfolk Southern
April 21, 2016 | Headlines, NS
(Source: Knoxville News-Sentinel, April 20, 2016) KNOXVILLE, Tenn. — About 135 Norfolk Southern jobs will be eliminated May 1 as the railroad cuts back train operations at its huge Knoxville yard because of lower rail traffic volumes, the company announced late...
April 20, 2016 | CP, Headlines, NS
(Source: Virginian-Pilot, April 16, 2016) NORFOLK, Va. — To get some idea of what Canadian Pacific Railway was up against in its quest to merge with Norfolk Southern Corp., one might start with the website of the U.S. Surface Transportation Board, the federal agency...
April 20, 2016 | Headlines, NS
(Source: Norfolk Southern press release, April 19, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record on May 6. Since its inception in...
April 14, 2016 | Headlines, NS
(Source: WSLS, April 13, 2016) ROANOKE, Va. — Norfolk Southern is suing the City of Roanoke for requiring the company to pay hundreds of thousands of dollars in storm water fees. Full story: www.wsls.com
April 13, 2016 | CP, Headlines, NS
(Source: Energywire, April 12, 2016) WASHINGTON, D.C. — Midwestern coal shippers can breathe a sigh of relief as a proposed rail merger fizzled out yesterday, burying fears about potential costs and delays. Full story: Energywire
