February 12, 2016 | Headlines, NS
(Source: Commercial Appeal, February 11, 2016) WASHINGTON, D.C. — Vice President Joe Biden will travel to Memphis next Wednesday to highlight work on Norfolk Southern’s Crescent Corridor freight rail project. Full story: Commercial Appeal
February 12, 2016 | CP, Headlines, NS
(Source: The Economist, February 13, 2016) NEW YORK — How can the rail industry continue to satisfy both investors and society if demand and profits are lower and the need for capital spending remains high? Perhaps by turning the big six railways into four, or even...
February 12, 2016 | CP, Headlines, NS
(Source: Associated Press, February 11, 2016) OMAHA, Neb. — Canadian Pacific has created a website to showcase all of its arguments for its proposed takeover of Norfolk Southern railroad. Most of what’s on the www.cpconsolidation.com website is from Canadian...
February 12, 2016 | CP, Headlines, NS
(Source: Dow Jones Business News, February 11, 2016) NEW YORK — United Parcel Service Inc., one of the nation’s largest rail customers, became the latest company to oppose a merger between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. In a letter...
February 11, 2016 | CP, Headlines, NS
(Source: Bloomberg, February 11, 2016) NEW YORK — Canadian Pacific’s pursuit of Norfolk Southern is in limbo, and it may be time to move on. Full story: Bloomberg
February 11, 2016 | CP, Headlines, NS
(Source: Associated Press, February 10, 2016) OMAHA, Neb. — Norfolk Southern Chief Financial Officer Marta Stewart declined to discuss Canadian Pacific’s offers at a conference Wednesday. Instead she outlined elements of Norfolk Southern’s plan to cut $130...
February 11, 2016 | CP, Headlines, NS
(Source: Bloomberg, February 10, 2016) NEW YORK — Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said. Full...
February 10, 2016 | CP, Headlines, NS
(Source: Canadian Pacific press release, February 9, 2016) CALGARY, Alberta — Canadian Pacific today notified Norfolk Southern Corp. (NS) of its intent to submit a resolution to NS’ shareholders to ask their board of directors to engage in good faith discussions...
February 10, 2016 | CP, Headlines, NS
(Source: Norfolk Southern press release, February 9, 2016) NORFOLK, Va. — Norfolk Southern Corporation today issued the following statement regarding the non-binding shareholder proposal submitted by Canadian Pacific: “CP has proposed a non-binding resolution that NS...
February 10, 2016 | CP, Headlines, NS
(Source: Reuters, February 9, 2016) NEW YORK — Canadian Pacific Railway said on Tuesday it planned to seek support from Norfolk Southern Corp’s shareholders to push the U.S. railroad’s board to engage in takeover talks. Full story:...
