March 11, 2016 | Headlines, NS
(Source: Post and Courier, March 10, 2016) CHARLESTON, S.C. — Norfolk Southern is expanding its cargo shipment capacity at the Port of Charleston with a new service that will haul freight between the port and the railroad’s intermodal facility in Charlotte. Full...
March 11, 2016 | CP, Headlines, NS
(Source: Railway Age, March 10, 2016) NEW YORK — Canadian Pacific on March 9, 2016 filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) that outlines the shareholder resolution to be considered at the upcoming Annual Meeting of Norfolk...
March 10, 2016 | CP, Headlines, NS
(Source: Associated Press, March 9, 2016) OMAHA, Neb. — Canadian Pacific’s appeal to Norfolk Southern shareholders and regulators likely represents the railroad’s last effort to acquire its rival. Full story: Virginian-Pilot
March 10, 2016 | CP, Headlines, NS
(Source: MarketWatch, March 9, 2016) WASHINGTON, D.C. — The U.S. Justice Department’s top antitrust official on Wednesday raised competition concerns about a proposed voting-trust structure that would involve two rail giants if they merged, saying it could allow the...
March 9, 2016 | CP, Headlines, NS
(Source: Business News Network, March 8, 2016) ONTARIO — Hunter Harrison wants major railroad shippers to mind their own businesses. The CEO of Canadian Pacific Railway told BNN on Tuesday that FedEx Corp. had no place objecting to his strategy direction....
March 4, 2016 | Headlines, NS
(Source: WJXT Jacksonville, March 2, 2016) RIPLEY, N.Y. — A train derailment in upstate New York has caused a hazardous spill, resulting in the evacuation of at least 45 homes near the town of Ripley, officials said. The Norfolk Southern train derailed late Tuesday...
March 4, 2016 | CP, Headlines, NS
(Source: Reuters, March 3, 2016) NEW YORK — A unit of FedEx Corp has raised concerns over Canadian Pacific’s bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail...
March 2, 2016 | CEO Pay, Headlines, NS
(Source: Virginian-Pilot, March 1, 2016) NORFOLK, Va. — James Squires, president, CEO and chairman of Norfolk Southern Corp., saw the value of his pay package climb 34.6 percent last year. His compensation rose to $7.98 million from $5.93 million a year earlier,...
March 2, 2016 | Headlines, NS
(Source: Reuters, March 2, 2016) RIPLEY, N.Y. — Dozens of residents in western New York town were evacuated from their homes early on Wednesday after a train carrying hazardous liquid derailed, local officials said. Sixteen cars of the 34-car Norfolk Southern train...
March 2, 2016 | CP, Headlines, NS
(Source: DC Velocity, March 1, 2016) WASHINGTON, D.C. — What do rail shippers think of Canadian Pacific Railway’s (CP) proposed $28 billion takeover of U.S. eastern railroad Norfolk Southern Corp. (NS)? Depends on who is asked. Full story: DC...
