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Rail shipper survey reveals lack of support for potential CP-NS merger
About 71% of rail shippers surveyed by Cowen and Company do not support a merger between Canadian Pacific (CP) and Norfolk Southern (NS), even though opposition to a Class I…
NS to CP: Proposed merger "a poor combination"
Refuting practically every purported benefit that Canadian Pacific has given, and citing substantial regulatory risks and uncertainties as well as many other negatives, Norfolk Southern on Dec. 4, 2015 loudly…
CP-NS: Voting trust and other conundrums
Levitation takes two forms among railroads—magnetic levitation relating to futuristic high-speed passenger transport, and stock levitation associated with bidding wars for asset control.
CP + NS fully in play
The day after confirming that it had made an offer to Norfolk Southern—and following NS’s tepid response—Canadian Pacific on Nov. 18, 2015 disclosed the contents of the offer letter it…
CP pursuing NS. Game on!
It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale…
CP-NS transcon a craps table roll
Few obstacles bedevil railroads as has the Mississippi River. Spanning it was the nation’s first rail bridge in 1856—promptly assaulted by steamboat Effie Afton. While the bridge was repaired and…
CP + NS is in play: Reports
Canadian Pacific Railway has held early-stage merger talks with Norfolk Southern and is raising financing for an acquisition, according to Nov. 9, 2015 news reports citing confidential sources at both…
Rail Insights - Conference Agenda
June 7 & 8, 2016 | Allegro Chicago Hotel | Chicago, IL Conference Agenda Tuesday, June 7 8:00 Registration - Walnut Ballroom Foyer Continental Breakfast | Sponsored by Northeast…
Norfolk Southern rolls out the GP33ECO
Norfolk Southern joined local and state officials on Nov. 5, 2015 to dedicate a new fleet of GP33ECO environmentally friendly yard locomotives for Chicago at its 47th Street intermodal facility.
NS: No PTC extension? No PIH trains. No passenger trains
Norfolk Southern on Oct. 20, 2015 said, effective Dec. 1, 2015, it will no longer accept shipments of Poisonous-Inhalation-Hazard (PIH) commodities, and that passenger trains operated by Amtrak, Virginia Railway…
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