Hints and tips:
...Turnpikes and then a railroad connected it to the Ohio valley. That essential argument for Baltimore remains today....
...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....
...It marks the latest effort to shake up a structure among the big railroads in the US and Canada that has been unchanged since CSX and Norfolk Southern — the two big operators in the eastern US — took over...
...We have holdings in two of the largest — Norfolk Southern and Union Pacific — each of which spans more than 20 states, covers more than 30,000 miles of track and is benefiting from the recovery in the US...
...The last big deal occurred in 1999, when CSX and Norfolk Southern took over and divided Conrail between themselves....
...During that woeful stretch, Ackman also failed to win shareholder challenges against railroad Norfolk Southern and payroll provider ADP, signifying diminishing effectiveness as an activist....
...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...
...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....
...Canadian Pacific Railway’s proposed takeover of the Kansas City Southern railroad is a $29bn bet on smooth commerce between Canada, the US and Mexico after the three countries replaced their contentious...
...Under Ackman’s new regime, the Canadian operator unsuccessfully approached US rival CSX, and then Norfolk Southern, about potential mergers in 2014 and 2016....
...But they're all talking about the connections. This map here, Baltimore and Ohio Railroad, is actually titled Shewing the Connection, this kind of joining up of the cities....
...Union Pacific, Norfolk Southern and Kansas City Southern — the other big listed US railroads — have since taken precision methods aboard....
...The veteran executive successfully used the strategy at the Canadian National and Canadian Pacific railways before he was recruited last year to run CSX, the largest rail company in the eastern US....
...Consolidation has left the US with two main railway companies east of the Mississippi river — CSX and Norfolk Southern — and their networks only partially overlap....
...When CP last year unsuccessfully attempted to take over Norfolk Southern, another eastern US network, the company wrote: “Precision railroading is a set of non-discriminating principles that can be effectively...
...Norfolk Southern, the second-biggest rail operator in the eastern US by network size that CP also tried to take over last year for a second time, also saw its shares advanced 3.6 per cent in pre-market trading...
...of Norfolk Southern....
...Michael Moore, chief executive of the project, highlights how Bethlehem built more than 100 miles of rail track, connected to both Norfolk Southern and CSX, the eastern US’s two biggest railroads, as well...
...Hunter Harrison and Keith Creel have restored to greatness one of North America’s top railroads and have set the company on the path to continued success.”...
...But according to the Wall Street Journal, the Canadian rail operator, which is currently in talks to try and take over Norfolk Southern, has recently made another approach for CSX, which the latter has also...
...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...
...Jeffrey Heller, a senior executive for Norfolk Southern, one of two big railway operators in the eastern US, says it will continue a gradual shift in trade flows over 10 to 15 years to the US east coast...
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...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 on Tuesday criticised an “unsolicited, low-premium, non-binding and highly conditional” potential bid from Canadian Pacific that would value the US’s fourth-biggest railroad network at around...
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