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CP’s bid for NS worries W.Va. politicians

(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...

NS reports lower full-year and 4Q 2015 results

(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...

NS ‘severely impacted’ by winter storm

(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...

CP Rail’s Harrison to shift stategy in Norfolk Southern bid

(Source: Bloomberg, January 21, 2016) NEW YORK — Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum. Full...

CP issues another white paper arguing for rail merger

(Source: Associated Press, January 20, 2016) OMAHA, Neb. — Canadian Pacific says combining its railroad with Norfolk Southern would help reduce congestion in the Chicago hub where all the major railroads hand off freight to each other. Full story: Washington...