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Norfolk Southern announces preliminary $600 million agreement focused on settling East Palestine derailment lawsuit
NS officials said that should this agreement be approved by the court, it will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.

STB Chairman Oberman takes activist investor Ancora to task for its attempt to take over Norfolk Southern
At this point, anyone who has seen Martin J. Oberman, Chairman of the Surface Transportation Board (STB), a Washington, D.C.-based independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, speak at a freight railroad conference, knows he is not holding anything back. That again was the case, when he gave a keynote speech at last week’s Southeastern Association of Rail Shippers (SEARS) 2024 Spring Meeting in Atlanta.

Canadian National and Norfolk Southern are set to launch a new domestic intermodal service
CN and NS officials said that this new service will provide customers with an integrated, market-competitive, and efficient all-rail service. And they added that this service will connect CN-served Canadian markets with Norfolk Southern-served Kansas City and Atlanta, which they referred to as the heart of the fast-growing manufacturing and consumer base in the Southeastern U.S.  

NS President and CEO Shaw testifies before Senate EPW Committee on East Palestine train derailment
Earlier today, Alan Shaw, president and CEO, of Atlanta-based Class I railroad carrier Norfolk Southern provided testimony at a U.S. Senate Committee on Environment & Public Works (EPW) hearing, regarding the February 3 derailment of an NS train in East Palestine, Ohio.

Norfolk Southern rolls out six-point plan focused on safety operations
Atlanta-based Class I railroad carrier Norfolk Southern (NS) rolled out a six-point plan to “immediately enhance the safety of its operations.” The company said that this plan is based on preliminary findings made by the National Transportation Safety Board (NTSB) after an NS train derailed in East Palestine, Ohio on February 3.

NS executive highlights the need for freight rails to take a more customer-focused service approach
As things have been upended on many fronts over the course of 2020, due to the ongoing COVID-19 pandemic, many trends within the freight railroad sector that were already evident have been accelerated by the pandemic. That was a key takeaway at the virtual RailTrends conference earlier this month, which was hosted by Progressive Railroading Magazine and independent railroad analyst Tony Hatch, from Alan Shaw, Executive Vice President and Chief Marketing Officer for Class I railroad carrier Norfolk Southern.

Norfolk Southern announces plan to relocate corporate HQ to Atlanta
Specifics on when NS will officially set up shop in Atlanta were not disclosed, but company officials said that the company is currently in what it called “advanced discussions” to purchase a site from Cousins Properties in Midtown Atlanta at 650 West Peachtree St. NW.

CN, NS partner up for joint interline service offering focused on a Chicago bypass
Class I railroad carriers CN and Norfolk Southern announced they have partnered up on a new joint interline service offering for carload traffic between Western Canada and NS’s Eastern-based U.S. destinations. CN and NS officials said that this endeavor will reduce transit times for these routes by one to two days.

Norfolk Southern rolls out consolidation plan for Central Division headquarters
Class I railroad carrier Norfolk Southern (NS) recently rolled out its plans to consolidate its Knoxville, Tenn.-based Central Division headquarters into three surrounding divisions around November 1.

Canadian Pacific says it will not move forward in attempt to merge with Norfolk Southern
The proposed nearly $30 billion merger of Class I railroad heavyweights Canadian Pacific (CP) and Norfolk Southern (NS) has come to an end despite myriad repeated overtures by the former. That was the word from Calgary-based CP, with the company saying today it has officially terminated its efforts to merge with CP, coupled with withdrawing a resolution in which it had asked NS shareholders to vote in favor of good-faith negotiations between the railroads and stating that it will not make...

CP and NS dig in on respective positions regarding a merger
Even though their respective positions on a large-scale merger remain unchanged, Class I railroad carriers Norfolk Southern and Canadian Pacific made their voices heard in regards to CP’s perseverance in wanting to acquire NS in what would represent a roughly $30 billion deal.

 


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