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:...
February 9, 2016 | CP, Headlines, NS
(Source: Seeking Alpha opinion column by Cameron Conway, February 9, 2016) NEW YORK — I wrote previously about how eventually CP Rail would run out of internal cuts to fuel its rising net income and would have to rely on gimmicks and PR misdirection to keep itself in...
February 8, 2016 | CP, Headlines, NS
(Source: DC Velocity, February 5, 2016) WASHINGTON, D.C. — A merger between Canadian Pacific Railway (CP) and Norfolk Southern Corp. (NS) would not force other U.S. railroads to merge in order to remain competitive, CP said Wednesday. Full story: DC...
February 5, 2016 | Headlines, NS
(Source: Norfolk Southern press release, February 4, 2016) NORFOLK, Va. — Norfolk Southern assisted 93 industries in locating or expanding their businesses along its rail lines in 2015. The 61 new and 32 expanded industries represent an investment of $4.2 billion by...
February 4, 2016 | CP, Headlines, NS
(Source: Railway Age, February 3, 2016) NEW YORK — Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper, “CP-NS: A Comprehensive...
February 4, 2016 | Headlines, NS
(Source: Washington Post, February 3, 2016) WASHINGTON, D.C. — U.S. consumers aren’t buying as much stuff and fewer U.S. workers are involved in making that stuff. The decline in U.S. manufacturing means railroads don’t have as much to carry. Full story: Washington...
February 2, 2016 | CP, Headlines, NS
(Source: Reuters, February 1, 2016) CHICAGO — Democrats from Pennsylvania’s congressional delegation sent a letter to a federal rail regulator on Monday raising concerns over the possible negative impacts of a merger between Canadian Pacific and Norfolk Southern...
February 1, 2016 | Headlines, NS
(Source: www.al.com, January 31, 2016) BIRMINGHAM, Ala. — A federal jury last week found Norfolk Southern Railway violated the Americans with Disabilities Act and should pay a former conductor nearly $10.6 million for refusing to allow him to return to work after he...
February 1, 2016 | Headlines, NS
(Source: PennLive.com, January 29, 2016) HARRISBURG, Pa. — Norfolk Southern plans to layoff 2,000 employees by 2020 but the railroad titan has not yet said if it will affect any of its 4,500 employees in Pennsylvania. Full story:...
February 1, 2016 | CP, Headlines, NS
(Source: Argus Media, January 29, 2016) WASHINGTON, D.C. — Norfolk Southern’s (NS) defense against a takeover bid by Canadian Pacific (CP) is benefiting from the eastern US railroad’s closer ties to members of Congress. Lawmakers from at least seven states...
