Norfolk Southern Railway

Norfolk Southern intermodal train

Norfolk Southern Railway is a U.S. Class I railroad owned by Norfolk Southern Corporation operating 20,000 route miles of track in 22 states and the District of Columbia. The railroad provides service to every major Eastern seaport, 10 river ports and nine lake ports, and it has an extensive intermodal network. The company employed 30,103 individuals and reported 2013 revenue of $11.2 billion — up 1.8 percent year-over-year.

The Norfolk, Virginia-based railroad was formed in 1982 with the creation of the Norfolk Southern Corporation, which brought together Norfolk & Western Railway and Southern Railway, but has predecessors dating as far back as 1827.

Norfolk Southern Railway recorded revenue of $3.04 billion in the second quarter of 2014, up 8.5 percent from year-earlier revenue of $2.8 billion. 2014 half-year revenue was $5.73 billion, up 3.4 percent from the previous year.

01 Nov 2016
Officials at the Port of New York and New Jersey hope a record monthly volume of rail cargo is just the start of the payoff from years of intermodal investment that seeks to give the port a competitive edge as ever-larger ships arrive on the East Coast.
23 Dec 2015
Canadian Pacific Railway got a lump of coal in its stocking days before Christmas after Norfolk Southern Railway said Wednesday it had rejected a third buyout bid.
22 Dec 2015
U.S. and Canadian rail regulators will be getting an earful from shippers on either side of the border if a proposed Canadian Pacific and Norfolk Southern railway merger goes through.
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.
15 Dec 2015
With expectations that Canadian Pacific Railway is about to launch a proxy fight for control of Norfolk Southern Railway, the Calgary-based railroad’s recent response to an NS white paper is the latest attempt to convince investors to give the deal yet another look at its pitch.
12 Dec 2015
BNSF Railway is flirting with the idea of a potential CSX Transportation or Norfolk Southern Railway acquisition as Canadian Pacific aims to acquire the latter railroad, potentially setting off a wave of consolidation in the Class I industry.
08 Dec 2015
Norfolk Southern Railway’s second rejection of a takeover bid from Canadian Pacific has ignited talk of a potential hostile takeover — something the Class I railroad industry has never seen and is unlikely to occur, according to an intermodal analyst.
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.
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.