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Norfolk Southern Corp. (NSC) Stake Lowered by Pennsylvania Trust Company
2016-02-18 11:05:45| Railroads - Topix.net
Pennsylvania Trust Company reduced its stake in shares of Norfolk Southern Corp. by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,775 shares of the railroad operator's stock after selling 486 shares during the period.
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Morningstar Gives "BBB+" Credit Rating to Norfolk Southern Corp.
2016-02-16 21:04:33| Railroads - Topix.net
Norfolk Southern Corp. has received a "BBB+" credit rating from Morningstar . The investment research firm's "BBB+" rating indicates that the company is a moderate default risk.
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Canadian Pacific seeks ruling on Norfolk Southern deal from U.S. oversight board
2016-02-16 16:59:25| Railroads - Topix.net
Canadian Pacific is seeking an advance ruling from a key U.S. agency that can block its plan to merge with Norfolk Southern. The Calgary-based railway company said Tuesday it will ask the U.S. Surface Transportation Board for a declaration on the viability of a voting trust that CP has suggested as part of its merger plan for Norfolk Southern.
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CSX, CN, Norfolk Southern Say They Won't Make 2018 Safety Upgrade Deadline
2016-02-09 12:51:18| Railroads - Topix.net
Despite a three-year extension approved by Congress late last year, three of the nation's largest freight railroad companies informed the Federal Railroad Administration this month that they will not meet the 2018 deadline to install new required safety systems. The Rail Safety Improvement Act of 2008 originally mandated that Positive Train Control systems be implemented across a significant portion of the nation's rail industry by Dec. 31, 2015.
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Norfolk Southern Corp. (NSC) Position Boosted by Douglass Winthrop Advisors LLC
2016-02-09 06:30:32| Railroads - Topix.net
Douglass Winthrop Advisors LLC boosted its position in shares of Norfolk Southern Corp. by 36.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The institutional investor owned 44,499 shares of the railroad operator's stock after buying an additional 12,000 shares during the period.
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