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
April 13, 2016 | CP, Headlines, NS
(Source: Railway Age opinion column by William c. Vantuono, April 11, 2016) NEW YORK — Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his...
April 13, 2016 | CSX, Headlines, NS
(Source: Bloomberg, April 12, 2016) NEW YORK — With any path to railroad mergers blocked for now, the largest U.S. carriers will have to rely on cost cuts and better service to boost profit. Judging by the first-quarter earnings forecasts, it will be a long slog. Full...
April 13, 2016 | CP, Headlines, NS
(Source: Business News Network, April 11, 2016) OTTAWA — The CEO of Canadian Pacific Railway says the swell of powerful opposition to the proposed takeover of Norfolk Southern ultimately convinced him that the US$28-billion bid for the Virginia-based railway would...
April 12, 2016 | CP, Headlines, NS
(Source: Reuters opinion column by Robert Cyran, April 11, 2016) NEW YORK — Canadian Pacific Railway’s $28 billion bid for rival Norfolk Southern pushed all the wrong deal buttons. The now-abandoned, unsolicited offer managed to alienate nearly every ally the railway...
April 12, 2016 | CP, Headlines, NS
(Source: Reuters, April 11, 2016) CHICAGO — Canadian Pacific Railway Chief Executive Hunter Harrison on Monday said the company would consider using cash once planned to acquire rival Norfolk Southern Corp for a potential buyback, dividend, or combination of both....
