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...“Our shareholders recognise that positive change is under way at Norfolk Southern,” the company said following its annual meeting on Thursday....
...And the AFL-CIO sided with management at Norfolk Southern railway to fend off Ancora, an activist investor seeking board seats....
...Mallory vs Norfolk Southern Railway Where a company gets sued may seem like a technicality, but to businesses it is of vital importance....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Tankers in a 149-car Norfolk Southern train carrying vinyl chloride caught fire and derailed after an overheating wheel bearing went undetected until too late....
...López Obrador has also ratcheted up tensions in recent weeks with Mexico’s largest mining company Grupo Mexico by sending in troops to seize a stretch of railway that his government wants to use for a priority...
...Supreme Court: The US’s highest court will hear oral arguments in Mallory vs Norfolk Southern Railway, a case that could shift how companies are sued in the US....
...It also has extensive operations in Mexico and owns a 50 per cent stake in the Panama Canal Railway Company....
...Supreme Court The US’s highest court will hear oral arguments in Mallory vs Norfolk Southern Railway, a case that could drastically shift how companies are sued in the US....
...Companies that invest will be able to offset 100 per cent of spending on new plant and machinery in the first year....
...The US Chamber of Commerce described it as a “national economic disaster”....
...Others reporting in the morning include CME Group, Norfolk Southern, Hess, Spotify, Bunge, Penske and Harley-Davidson....
...It’s one that is called Mallory versus Norfolk Southern Railway. And the whole sort of case is about an employee that is suing the company for alleged negligent behaviour....
...Norfolk Southern is struggling to fill gaps in its workforce as pandemic-related labour shortages persist....
...Norfolk Southern’s revenue and income rose strongly in the second quarter thanks as the US rail operator was boosted by the easing of Covid-19 restrictions....
...The local chamber of commerce said that 4,200 tourists had cancelled trips to the region during the 48-hour stoppage....
...Union Pacific and Norfolk Southern both say they move a ton of freight 444 miles on a single gallon of diesel. The industry continues to invest to improve its sustainability....
...The last big deal occurred in 1999, when CSX and Norfolk Southern took over and divided Conrail between themselves....
...He has waged battles against companies including Wendy’s, McDonald’s, Fortune Brands, Canadian Pacific Railway and JCPenney....
...Both Canadian firms operate in the central and eastern US, along with rivals CSX and Norfolk Southern....
...Whoever wins the Canadian battle over Kansas City Southern, the smallest of the seven Class 1 railways that haul US freight, will pull off the first major rail deal since 1999, when CSX and Norfolk Southern...
...The race to buy the smallest of seven Class 1 railway groups that service the North American freight market is the boldest attempt to consolidate the industry since CSX and Norfolk Southern acquired Conrail...
...Rabois’s 288,000 Twitter followers are subject to more daily stats about the greatness of Miami than followers of the Miami Chamber of Commerce....
...It is a change of direction for Canadian Pacific, rebuffed in two public courtships of rivals, first of CSX and then of Norfolk Southern. Both concentrated on the US north-east....
...Sputnik V has been approved by 45 foreign countries and is being pitched by Moscow as an alternative to western vaccines produced by multinational pharmaceutical companies....
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