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Showing results for Conaway v. Norfolk Southern Railroad Corporation
...Rising traffic, higher prices and lower tax propelled the Norfolk Southern railroad to record profits in the third quarter....
...The S&P 500 railroads index, which consists of CSX, Kansas City Southern, Norfolk Southern and Union Pacific Corp stocks, closed 0.6 per cent lower on the news....
...Norfolk Southern , the railroad operator, tumbled 9 per cent to $66.11 as the company’s forecasts came in below analysts’ expectations....
...Norfolk Southern Corporation , the Virginia-based railroad company, dropped 3.1 per cent to $64.95. Rail-based transportation supplier CSX Corporation fell 2.9 per cent to $20.20....
...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....
...This is better for example than the 74.8 per cent of the Norfolk Southern railroad or the 75.2 per cent of the Burlington, Northern and Santa Fe railroad – both had been better performers in recent years...
...Henry Posner, chairman of Railroad Development Corporation, a Pittsburgh-based railway investment company, says Penn Central’s involvement in infrastructure and its strict regulation make its case different...
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