Hints and tips:
...Canadian Pacific, the second-largest railway company in Canada, argued that combining its business with Norfolk Southern would create an end-to-end North American rail network “that would enhance competition...
...The results come as CP pursues a merger with Norfolk Southern, the number two rail operator in the eastern US....
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...Norfolk Southern depends heavily on moving coal from the Appalachian coalfields. Railways had until last year been among the biggest corporate beneficiaries of the US’s economic recovery....
...Hunter Harrison, chief executive of Canadian Pacific, and Wick Moorman, chief executive of Norfolk Southern, said it would make more sense for the industry to focus on enforcing existing rules rather than...
...MMA is part of the Rail World group of companies founded by Ed Burkhardt, one of North America’s best-known rail entrepreneurs....
...Norfolk Southern, the other big eastern network, announced fourth-quarter net income down 14 per cent to $413m on revenue down 4 per cent to $2.68bn....
...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...
...Revenues and profitability were also hit by a 24 per cent fall in revenues from coal, the single biggest commodity for most freight railways and one of the most profitable cargoes....
...In industrials, Boeing, the aerospace group and CH Robinson, the logistics provider, both undershot Wall Street expectations while Norfolk Southern, the railway company, outperformed....
...Union Pacific and Norfolk Southern rose 3.8 per cent, while Canadian Pacific gained 3.1 per cent and CSX was up 2.2 per cent. The companies being targeted by Berkshire have not been identified....
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