Hints and tips:
...of Norfolk Southern....
...A series of mergers in the 1990s left just Union Pacific and Burlington Northern Santa Fe in the western US; Norfolk Southern and CSX in the eastern US; CP and Canadian National in Canada; and Kansas City...
...Bill Ackman stepped up pressure on Norfolk Southern’s board to reconsider its rejection of Canadian Pacific’s takeover proposal when the activist investor fiercely criticised the US railway’s management....
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...The company last October approached CSX but was rebuffed. ....
...Executives at all four of the biggest US-based railway companies – UP, Burlington Northern & Santa Fe, CSX and Norfolk Southern – told the Financial Times that high road fuel prices were pushing increasing...
...Michael Ward was speaking on Wednesday after CSX, the larger of two big railways in the eastern US, became the first major US-based rail company to announce 2009 results....
...Other companies among the big four US railroads saw share price rises on yesterday’s news. Main rival Union Pacific rose 6.8 per cent, while Norfolk Southern rose 2.4 per cent and CSX 6 per cent....
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