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Norfolk Southern announces private exchange offer

(Norfolk Southern issued the following on September 17, 2010.) NORFOLK, Va. — Norfolk Southern Corporation announced today the commencement of an offer to exchange (the “Exchange Offer”) any and all outstanding 7.90% Notes due 2097 (the “Existing Notes”)...

Norfolk Southern’s Heartland Corridor: Good News for the U.S.

(The following story appeared on the PR-USA website on September 16, 2010.) A combined wrongful death suit and personal injury suit against Union Pacific Railroad began in earnest Tuesday as jurors heard opening statements and the beginning of the plaintiffs’ case....

Rabobank Sells First Senior Bank Bond Maturing in 100 Years

(The following story by Pierre Paulden, Mitchell Martin appeared on the Bloomberg BusinessWeek website on September 15, 2010.) Rabobank Nederland NV, the world’s largest agricultural lender, sold $350 million of 100-year senior bonds in the first offering of such...

Beach council OKs purchase of potential light-rail property

(The following story by Aaron Applegate appeared on The Virginian-Pilot website on September 15, 2010.) VIRGINIA BEACH, Virginia – It’s a done deal. The city will soon own the old rail line long coveted by some leaders as the ideal spot for a future light-rail...

Norfolk Southern balks at proposed high-speed rail route

(The following story by Bruce Mildwurf appeared on the WRAL website on September 14, 2010.) Raleigh, N.C. — Norfolk Southern Railway Co. has joined the chorus of opposition to a proposed route through Raleigh for a high-speed passenger rail system. The route through...

Norfolk Southern opens new $191M route to Midwest

(The following story by Matt Leingang appeared on the Associated Press website on September 12, 2010.) COLUMBUS, Ohio — Norfolk Southern Corp. on Thursday ran its first train loaded with double-stacked cargo containers through some of the most rugged parts of the...