Management

image
Ackman to NS shareholders: I have a way to make you talk with me In what some industry observers believe may be a final attempt—short of a proxy battle—by hedge fund head Bill Ackman at a hostile takeover of Norfolk Southern, Canadian Pacific on Feb. 9, 2016, notified NS of its intent to submit a resolution to NS shareholders “to ask their board of directors to engage in good faith discussions with CP regarding a business combination transaction.”

duos-technologies-lands-railcar-imaging-system-contract
A U.S. Class I railroad has awarded Duos Technologies Group, Inc. a contract for a Vehicle Undercarriage Examiner (vue™) imaging system. The name of the railroad was not disclosed. The vue™ system is part of Duos Technologies’ proprietary Railcar Inspection Portal...
fast-trackers
Railway Age’s inaugural Fast Trackers—10 Rising Stars Under 40, are ten individuals under the age of 40 who have made an impact in their respective fields or within their company. After nearly three months and 57 entries later, Railway Age editors,...
csx-front-row-motorsports-re-team-for-nascar-sprint-cup-series
For a fourth consecutive season, CSX and Front Row Motorsports will join forces to promote public safety around railroad tracks with the No. 34 “Play It Safe” Ford Fusion in NASCAR’s 2016 Sprint Cup Series. This season, 2015 Xfinity Series...
rbn-energy-cbr-economics-aren’t-what-they-used-to-be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a new analysis by RBN Energy. “With crude prices below $30/Bbl and...
another-white-paper-from-canadian-pacific
Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper, CP-NS: A Comprehensive Approach to Regulatory Approval “detailing the comprehensive,...

rbn-energy-cbr-economics-aren’t-what-they-used-to-be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a new analysis by RBN Energy. “With crude prices below $30/Bbl and...
another-white-paper-from-canadian-pacific
Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper, CP-NS: A Comprehensive Approach to Regulatory Approval “detailing the comprehensive,...
jason-seidl-ns-and-the-race-to-maximize-shareholder-value
Norfolk Southern shareholders “continue to find themselves in the enviable position of having two Class I management teams competing to maximize shareholder value,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “While NS management...
ns-new-strategic-plan-follows-a-challenging-year
Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has  been particularly compelled to develop an aggressive strategic plan because it is fending off a hostile takeover attempt. Speculation...
for-cn-strong-solid-financials-in-a-tough-year
Despite decreases in carloadings and revenue ton-miles, CN on Jan. 26, 2015 posted solid financials for fourth-quarter and full-year 2015. Significant in its results are record free cash flow and full-year earnings, and an operating ratio well below 60. The...