operating ratio

With record ROI, NS shaves 2Q operating ratio

For this year’s second quarter, Norfolk Southern earned a net income of $524 million that edged 6% below that for the second quarter of 2011, but it also had an impressive string of records to report Tuesday.

Canadian Pacific proxy battle heats up

The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the railroad’s president, Fred Green, and board of directors with its own candidates.