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...
January 29, 2016 | CP, Headlines, NS
(Source: Editorial in the Bluefield Daily Telegraph, January 29, 2016) BLUEFIELD, W.Va. — Opposition to the possible merger between Norfolk Southern and Canadian Pacific, a move that could potentially impact hundreds of jobs in already hard-hit West Virginia, is...
January 29, 2016 | CP, Headlines, NS
(Source: Politico, January 28, 2016) WASHINGTON, D.C. — Canadian Pacific’s CEO wants everyone to take a big ol’ chill pill. Angst surrounding the company’s proposed merger with Norfolk Southern has begun to hit a fever pitch — an avalanche of worried letters to the...
January 28, 2016 | Headlines, NS
(Source: Railway Age, January 27, 2016) NEW YORK — Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has been particularly compelled to develop an aggressive strategic plan...
January 28, 2016 | Headlines, NS
(Source: Virginian-Pilot, January 27, 2016) NORFOLK, Va. — As part of its plan to turn things around and streamline operations, first announced early last month, the railroad plans to cut 2,000 jobs by 2020, including 1,200 this year, through attrition and furloughs,...
January 27, 2016 | Headlines, NS
(Source: Norfolk Southern press release, January 26, 2016) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on March 10 to stockholders of record on Feb. 5. Since its...
