Roughly $4.6 billion is needed at East and Gulf coast ports to remedy pinch points in harbor infrastructure.
Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities
14 Jan 2016
Canadian Pacific and Norfolk Southern railway would have to convince U.S. rail regulators that a potential merger won’t set off a wave of Class I consolidation in order to get the greenlight, U.S. Surface Transportation Board Chairman Daniel Elliott said Thursday.
11 Jan 2016
Shippers, lawmakers and other railroads are already petitioning federal regulators to reject the proposed tie-up of Canadian Pacific Railway and Norfolk Southern Railway even though the former has yet to file any legal notice with U.S. rail regulators.
21 Dec 2015
Canadian Pacific Railway said its acquisition of Norfolk Southern Railway would improve fluidity through Chicago, but doubts remain whether a tie would do much to free up bottlenecks at the top U.S. freight hub — even if the deal gives CP control of a key belt railroad in the area.
18 Dec 2015
Canadian Pacific Railway’s increasingly aggressive attempt to acquire Norfolk Southern Railway will have a regulatory smoother ride in Canada than in the U.S. — if NS shareholders jump on board with the plan.
17 Dec 2015
Canadian Pacific Railway’s attempt to takeover Norfolk Southern Railway has already raised alarm with a group of Illinois lawmakers and prompted a pointed response from the Canadian railroad.
16 Dec 2015
A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.
04 Dec 2015
Norfolk Southern Railway has rejected an unsolicited takeover bid from Canadian Pacific Railway after the NS board said the $28 billion takeover bid undervalued the company’s stock and the potential regulatory hurdles would threaten business operations.
22 Nov 2015
Port of Virginia's Russell Held on its short-haul inland network, rail connections and the Panama Canal expansion.
19 Nov 2015
Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.
18 Sep 2015
In a move that will be temporarily disruptive but is aimed at addressing the port's truck bottleneck, the Port of Virginia will close a chassis yard next week