Filed in Norfolk Southern
Friday, January 29, 2016
Class I railroad carrier Norfolk Southern this week released additional information on its strategic plan, which it said is geared to streamline operations and drive profitability and growth on various fronts. NS officials said its projected expense reduction and cost control efforts will be focused in a few specific areas, including compensation and benefits, purchased services and rents, materials, and fuel. The company initially introduced the plan on December 4, 2015.
Friday, December 04, 2015
The planned, large-scale Class I railroad acquisition of Norfolk Southern by Canadian Pacific, which has received a fair amount of attention in recent weeks, appears to have fallen off the tracks.
Wednesday, November 18, 2015
A recent Bloomberg report indicating that Canadian Pacific Railway Ltd. is looking to acquire Norfolk Southern was confirmed by the Class I railroads in separate statements issued over the past two days.
Tuesday, November 25, 2014
NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.
Friday, February 21, 2014
Charles W. “Wick” Moorman told the U.S. Chamber of Commerce second annual infrastructure that he was “optimistic” that new and improved methods of hauling crude on rails will be found that will make the system even safer.
Thursday, June 27, 2013
NS says the new facility is well-positioned to help NS expand its TBT terminal footprint by extending the reach of our network even more effectively to serve additional markets.
Tuesday, April 02, 2013
A few weeks shy of their respective first quarter earnings announcements East Coast-based Class I railroads Norfolk Southern and CSX are feeling pretty good about their businesses.
Thursday, October 18, 2012
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the Northeast. This facility is located on a 316-acre site in McCalla, Alabama.
Thursday, September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
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Wednesday, April 25, 2012
Class I railroad carriers Norfolk Southern and KCS recently rolled out a new joint intermodal service between central Mexico and the southeastern region of the United States entitled TMX.