Still fighting off an increasingly hostile takeover, Norfolk Southern Railway Wednesday assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own.
Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities
19 Jan 2016
Port of Virginia's John Reinhart on their strategy of making many smaller improvements for a lasting, sustained change to operations to expand with the industry.
19 Jan 2016
Canadian Pacific Railway has asked the U.S. Department of Justice to investigate a “collective campaign” spearheaded by other major railroads to block its increasingly hostile stock-and-cash bid for Norfolk Southern Railway.
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.