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Two unions join chorus against Canadian Pacific's Norfolk Southern bid
2016-01-08 19:17:37| Railroads - Topix.net
Two trade unions representing workers at No. 4 U.S. railroad Norfolk Southern Corp have joined a growing chorus of opposition to an unsolicited bid from Canadian Pacific Railway Ltd, one in an unpublished letter sent to the U.S. rail regulator and the other in an interview with Reuters.
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Park National Has $1,619,000 Position in Norfolk Southern Corp.
2016-01-07 07:50:54| Railroads - Topix.net
Park National raised its position in shares of Norfolk Southern Corp. by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The hedge fund owned 19,133 shares of the railroad operator's stock after buying an additional 1,154 shares during the period.
Tags: national
position
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southern
UPDATE 1-US House Democrats urge rejection of CP bid for Norfolk Southern
2016-01-06 21:21:49| Railroads - Topix.net
Jan 6 Two senior Democrats in the U.S. House of Representatives urged federal regulators on Wednesday to reject any acquisition of railroad operator Norfolk Southern Corp by Canadian Pacific Railway Co. In a Jan. 6 letter to the Surface Transportation Board, senior Democrats on the House Transportation Committee warned that an acquisition would reduce competition and exacerbate shipper concerns about costs.
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bid
Norfolk Southern: 38 conductors laid off due to coal decline
2016-01-06 17:07:16| Railroads - Topix.net
This Oct. 23, 2014, file photo shows a Norfolk Southern locomotive on Chicago's south side. Canadian Pacific has revised its takeover bid for Norfolk Southern, saying that it should ease fears that the railroad deal would be shot down by regulators.
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laid
decline
Exclusive: Norfolk Southern customers lobby regulator against CP bid
2016-01-04 22:14:27| Railroads - Topix.net
CHICAGO: Industry groups representing major freight customers of Norfolk Southern Corp have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd, according to letters viewed by Reuters. The opposition from a broad array of customers to the hostile bid for the Norfolk, Virginia-based railroad could significantly harm Canadian Pacific's case if an expected lengthy proxy battle is resolved and a merger reaches the Surface Transportation Board for a review.
Tags: customers
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