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...
January 27, 2016 | CP, Headlines, NS
(Source: Herald-Dispatch, January 27, 2016) CHARLESTON, W.Va. — West Virginia’s congressional delegation and others are speaking out against Canadian Pacific’s hostile takeover bid for the Norfolk Southern railroad because they fear job losses and harm to...
January 27, 2016 | CP, Headlines, NS
(Source: Press release from the office of Senator Joe Manchin, January 26, 2016) WASHINGTON, D.C. — At a press conference in Charleston, U.S. Senator Joe Manchin (D-WV) today announced that he is calling for an immediate Senate investigation into Canadian Pacific...
January 27, 2016 | Headlines, NS
(Source: Norfolk Southern press release, January 27, 2016) NORFOLK, Va. — Norfolk Southern today announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The Company’s projected expense reduction and...
January 27, 2016 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, January 27, 2016) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter and 2015 financial results. Fourth-quarter net income was $361 million, or $1.20 per diluted share, compared with $511 million, or...
January 26, 2016 | Headlines, NS
(Source: Norfolk Southern press release, January 5, 2015) NORFOLK, Va. — Please join us to review our fourth-quarter and full-year 2014 financial results during a conference call and live Internet webcast at 8:45 a.m. Eastern Time on Monday, Jan. 26, 2015. Quarterly...
January 26, 2016 | Headlines, NS
(Source: Norfolk Southern service alert, January 25, 2016) NORFOLK, Va. — Norfolk Southern operations in the Mid-Atlantic and Northeast areas have been severely impacted after heavy snowfall, blizzard conditions and sub-zero temperatures in association with Winter...
