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Morningstar Issues BBB+ Credit Rating to Norfolk Southern Corp.
2014-11-22 13:39:57| Railroads - Topix.net
Norfolk Southern Corp. has earned a "BBB+" credit rating from analysts at Morningstar . The research firm's "BBB+" rating suggests that the company is a moderate default risk.
Tags: rating
issues
credit
southern
Norfolk Southern to acquire Canadian Pacific's rail line for $217m
2014-11-19 01:00:00| Railway Technology
Norfolk Southern (NS) is set to acquire Canadian Pacific Railway subsidiary Delaware & Hudson (D&H) Railway's 282.55 miles of rail line between Sunbury, Pennsylvania and Schenectady, New York, US, for $217m.
Tags: line
southern
canadian
acquire
Norfolk Southern Rises as Ackman Sees CSX Rival as CP Target
2014-11-08 02:20:53| Railroads - Topix.net
Norfolk Southern Corp. rose for a third straight day after activist investor Bill Ackman said Canadian Pacific Railway Ltd. may pursue a rival to one-time target CSX Corp. While Ackman didn't name Norfolk Southern in remarks yesterday at the Invest for Kids conference in Chicago, he described the possible takeover target in relation to CSX. Norfolk, Virginia-based Norfolk Southern and CSX go head-to-head in the U.S. east of the Mississippi River.
Norfolk Southern focuses on improving service
2014-10-26 23:28:41| Railroads - Topix.net
Last week, the Norfolk-based railroad did it again, announcing record third-quarter profit of $559 million, a 16 percent gain from the same quarter a year ago. What was a little unusual was the company's admission that its service levels to customers continued to lag the result of unexpected congestion.
Tags: service
southern
improving
focuses
Norfolk Southern CEO says big railroad mergers don't make sense, aren't needed
2014-10-22 23:04:52| Railroads - Topix.net
Norfolk Southern Corp.'s CEO doesn't think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk's Southern's quarterly results that he doesn't think railroad mergers "make sense at this time."
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