Norfolk Southern Corp. became the only U.S. railroad to report higher third quarter earnings, improving net income 2% to $460 million, or $1.55 per share, as cost reductions of 10% outpaced a decline in revenue.

A local freight transfer company plans to expand its operations at the Norfolk-Southern railroad yard in Taylor, Pennsylvania, creating at least 20 jobs, officials said Oct. 11.

Amtrak appointed Charles “Wick” Moorman, former CEO of Norfolk Southern Corp., as its new president, effective Sept. 1, to succeed the retiring Joe Boardman.

Weaker energy-related freight shipments led two more North American railroads to report lower second-quarter earnings, including a decline of 6% at Norfolk Southern Corp. and 3% at Canadian National Railway.

Norfolk Southern Corp. reported the best year-over-year improvement in first-quarter rail industry earnings, boosting net income 25% to $387 million, or $1.29 per share, helped by expense reductions and improved results for commodity groups, particularly automotive shipments.

Canadian Pacific Railway terminated a plan to combine with Norfolk Southern Corp., ending the Canadian carrier’s efforts to complete the first merger among major railroads since 1999.

The U.S. Army said a Canadian Pacific Railway takeover of Norfolk Southern Corp. has the potential to harm national defense, adding opposition to the possible merger plan.

Norfolk Southern Corp. set a May 12 showdown with potential buyer Canadian Pacific Railway Ltd. by announcing that date for the annual meeting, where shareholders will say whether they want the board to negotiate a merger with the Canadian carrier.

The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.