A U.S. Court of Appeals has unanimously affirmed the Surface Transportation Board’s approval of the CSX, Norfolk Southern (NS), and Conrail merger. In the transaction approved by STB, CSX and NS ...
Norfolk Southern Corp. dramatically upped the bidding for Conrail Inc., topping CSX’s recent offer by nearly $1 billion yesterday and threatening to launch a hostile takeover if necessary. While the ...
Norfolk Southern Corp. lost a bid Thursday to have a federal court strike down an agreement that prevents Conrail Inc. from discussing a merger with anyone other than friendly suitor CSX Corp. Judge ...
For thousands of U.S. companies that ship by rail, the transportation meltdown caused by the 1996 merger of Union Pacific (UP) and Southern Pacific (SP) railroads is all too fresh. Shipments that were ...
Two Conrail locomotive operators testified yesterday that they had carefully inspected a moveable train bridge before it collapsed sending four rail cars into a creek. The derailment punctured one ...
CSX plans to shut down its hump operation that sorts rail cars using gravity at its massive Selkirk railyard in coming weeks as a cost-cutting measure. The news was contained in a memo sent to members ...
If anyone ever doubted just how set David Goode was on winning his long-shot battle for Conrail Inc., they had only to look in his office. There, on the bookshelf, he kept two tiny model trains – one ...
CSX Transportation is considering the sale of as much as 8,000 miles of its 21,000-mile network, including its line from Albany to Worcester, Mass., outside Boston, according to industry publication ...