Railroads Close Tracks, Cut Jobs Across the Country as Coal Cools Off
Working in or around Conway Terminal, the sprawling testament to the might of the U.S. freight railroad system, it might be easy to forget the storm of troubles brewing at Norfolk Southern Corp.
February 18, 2016N.Y. State Senator, UPS Oppose Rail Merger
New York State Sen. Kathleen Marchione and UPS Inc. are among those who are opposing the merger of Canadian Pacific Railway and Norfolk Southern Corp., according to letters on file with the Surface Transportation Board.
February 18, 2016Biden to Highlight Freight-Rail Project During Memphis Visit
Vice President Joe Biden will travel to Memphis on Feb. 17 to highlight work on Norfolk Southern's Crescent Corridor freight-rail project.
February 12, 2016CP Rail Said to Back Away From Norfolk Southern Proxy Fight
Canadian Pacific Railway is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover of the U.S. carrier, a person familiar with the plan said.
February 9, 2016Norfolk Southern, CSX Say They Won't Make 2018 Deadline for Train-Control Safety System
CSX Corp. and Norfolk Southern Corp. told the Federal Railroad Administration they won't make the 2018 deadline for full implementation of positive train control.
February 4, 2016Norfolk Southern to Cut 2,000 Jobs as Part of Streamlining Plan
Norfolk Southern Corp. reported Jan. 27 that fourth-quarter profit fell 29% from the same period a year ago and its yearly profit for 2015 was off by nearly as much — down 20% from a year earlier.
January 27, 2016Canadian Pacific to Shift Strategy in Bid for Norfolk Southern
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.
January 22, 2016Declining Coal Use Pressures Railroads
Pressures facing American railroad companies have led Norfolk Southern Corp. to engage in an “ongoing drive to enhance operating efficiencies,” raising questions about the future of its Moraine, Ohio, rail yard.
January 20, 2016Norfolk Southern Consolidates as Coal Volume Drops
Norfolk Southern Corp. said it will consolidate two of its operating divisions and idle portions of a 253-mile line in Ohio and West Virginia to lower costs and boost efficiency in the face of declining traffic on its coal shipping network.
January 13, 2016Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid
Norfolk Southern Corp. is gaining political and customer support for rejecting Canadian Pacific Railway Ltd.’s takeover bid, which could make it harder for the Canadian company and investor Bill Ackman to wage a proxy fight.
January 11, 2016