April 12, 2016 | CP, Headlines, NS
(Source: Norfolk Southern press release, April 11, 2016) NORFOLK, Va. — Norfolk Southern today issued the following statement regarding Canadian Pacific’s withdrawal of its unsolicited acquisition proposal and its related shareholder resolution: “Norfolk Southern’s...
April 12, 2016 | CP, Headlines, NS
(Source: DC Velocity, April 11, 2016) WASHINGTON, D.C. — Facing a battle it seemed destined to lose, Canadian Pacific Railway (CP) said today it would end its efforts to acquire Norfolk Southern Corp. (NS) for US$28 billion to create North America’s first...
April 11, 2016 | CSX, Headlines, NS
(Source: Toledo Blade, April 10, 2016) TOLEDO, Ohio — To many in northwest Ohio, the trains just seem to keep getting longer and longer. And it’s a direct result of a near standstill with business for some rail companies. Rail traffic has tailed off in recent months,...
April 11, 2016 | CP, Headlines, NS
(Source: Reuters, April 8, 2016) NEW YORK — The Department of Justice on Friday urged a regulator to reject a voting trust that Canadian Pacific Railway Ltd. has proposed as part of its takeover bid for Norfolk Southern Corp, saying it could hurt competition and would...
April 11, 2016 | CP, Headlines, NS
(Source: Canadian Pacific Railway press release, April 11, 2016) CALGARY, Alberta — Canadian Pacific Railway Ltd. today announced that it has terminated efforts to merge with Norfolk Southern Corp. (NS), including the withdrawal of a resolution asking NS shareholders...
April 8, 2016 | CP, Headlines, NS
(Source: Reuters, April 7, 2016) NEW YORK — The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the...
April 7, 2016 | CP, Headlines, NS
(Source: Herald-Dispatch, April 6, 2016) HUNTINGTON, W.Va. — As local, state and national leaders came to the table in western Wayne County to talk about the Heartland Intermodal Gateway, one topic of discussion didn’t come up: the possible hostile takeover of Norfolk...
April 5, 2016 | Headlines, NS, Railroad Security
(Source: Penn Live, March 29, 2016) LANCASTER COUNTY, Pa. — A pickup truck driver threatened to shoot a Norfolk Southern railroad worker as he was working on train cars at a blocked crossing Tuesday morning in East Lampeter Twp., Lancaster County. Full story:...
April 5, 2016 | CP, Headlines, NS
(Source: Register-Herald, March 31, 2016) BECKLEY, W.Va. — The battle between North America’s railroad titans continues. Virginia-based Norfolk Southern Corp. exhorted its employees to vote against Calgary-headquartered Canadian Pacific Railway Ltd.’s latest attempts...
April 5, 2016 | CP, Headlines, NS
(Source: Reuters, April 5, 2016) WASHINGTON, D.C. — Bill Shuster, the Republican chairman of the U.S. House Transportation and Infrastructure Committee, announced his opposition on Tuesday to a proposed railroad merger between Canadian Pacific Railway Ltd and Norfolk...
