May 18, 2015 | Headlines, NS, STB
(Source: Albany Times Union, May 15, 2015) ALBANY, N.Y. — The U.S. Surface Transportation Board this afternoon approved the $217 million purchase of 282 miles of track owned by Canadian Pacific Railway’s Delaware & Hudson unit by Norfolk Southern Railway. Norfolk...
May 14, 2015 | CP, Headlines, NS
(Source: Press & Sun Bulletin, May 13, 2015) BINGHAMTON, N.Y. — Norfolk Southern’s pending $217 million acquisition of the former D&H rail line will cause “minimal” layoffs at rail yards from Binghamton to Plattsburgh, according to railway officials....
May 11, 2015 | Headlines, NS
(Source: Virginian-Pilot, May 11, 2015) NORFOLK, Va. — For the first four months of 2015, coal exports from Hampton Roads, North America’s largest coal-exporting port, dropped by nearly a third, year-over-year. Full story: Virginian Pilot
May 7, 2015 | Headlines, NS, Oil Train
(Source: Albany Times Union, May 6, 2015) ALBANY, N.Y. — The Wall Street Journal reported this morning that the railroad industry plans to challenge new federal rules governing oil train safety that were released last Friday. Charles W. “Wick” Moorman, CEO of Norfolk...
April 29, 2015 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 28, 2015) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record on May 8. Since its inception in...
April 29, 2015 | Headlines, NS
(Source: New Orleans Advocate, April 28, 2015) NEW ORLEANS, La. — A top Jefferson Parish official questioned Tuesday whether a Union Pacific train should have been crossing the Huey P. Long Bridge during the worst of Monday’s severe weather, even as crews arrived to...
April 29, 2015 | Headlines, NS, Quarterly Income
(Source: Reuters, April 29, 2015) CHICAGO — Norfolk Southern Corp. on Wednesday reported a lower quarterly net profit, driven by a drop in coal volumes as utilities burned more lower-cost natural gas and U.S. exporters were hurt by the strong dollar. Full story:...
April 29, 2015 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 29, 2015) NORFOLK, Va. — NORFOLK, Va., April 29, 2015 – Norfolk Southern Corporation (NYSE: NSC) today reported financial results for first-quarter 2015. Net income for the quarter was $310 million, 16 percent lower...
April 16, 2015 | Headlines, Historic/Steam, NS
(Source: Norfolk Southern press release, April 16, 2015) NORFOLK, Va. — The 611 is going home again, coming back from its second restoration to headline Norfolk Southern’s 21st Century Steam excursions in 2015. Sixty-five years after the Class J 611 was built at...
April 16, 2015 | CSX, Headlines, NS
(Source: Reuters, April 15, 2015) NEW YORK — Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp., and may continue to weigh on their profits. Both companies derive about a...
