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Jason Seidl: NS valuation “remains too cheap”
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of…
The Thoroughbred that got away
Cover story from the May 2016 issue of Railway Age: Norfolk Southern has been looking over its shoulder for almost a year. Now, it can focus its attention ahead.
NS first quarter demonstrates "significant progress"
Norfolk Southern, having shaken off unwanted suitor Canadian Pacific, reported “strong first-quarter  results [that] demonstrate the significant progress we are making in line with our strategic plan,” according to…
NS downsizing Knoxville Yard
Norfolk Southern Corp. on April 20, 2016 announced that it will downsize its Knoxville, Tenn., classification yard, effective May 1. “The action is in response to lower traffic volumes and…
AAR names environmental award recipients
The Association of American Railroads on April 12, 2016 presented Michael Hoey, a CSX Transportation civil engineer from Philadelphia, Pa., the 2016 John H. Chafee Environmental Excellence Award. U.S. Senator…
See ya later, what’s-your-name
Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his attempt…
CP, Ackman call it quits
On Monday, April 11, 2016, Canadian Pacific Railway Ltd. terminated its efforts to merge with Norfolk Southern Corp.. This includes “withdrawal of a resolution asking NS shareholders to vote in…
DOJ, DOD oppose CP-NS combination
The Surface Transportation Board, in seeking comments addressing Canadian Pacific’s petition for an expedited declaratory order, has received letters from the U.S. Department of Justice and the Department of Defense-United…
Engines of change
State-of-the-art locomotives stand ready to make their mark on what is ideally a power-hungry industry. Problem is, with traffic down, the railroads aren’t so hungry for new power.
Shuster opposes proposed CP-NS merger
Chairman of the U.S. House Transportation and Infrastructure Committee Bill Shuster (R-Pa.) on April 5, 2016 announced his opposition to Canadian Pacific Railway’s proposed merger with Norfolk Southern.
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