norfolk southern railway

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Ancora adds pressure on CSX to pursue a merger

Activist Ancora Pressures Railroad Operator CSX to Explore Deal

Activist investor Ancora Holdings told railroad operator CSX it should pursue a deal with a rival or replace its chief executive if it doesn’t, according to a letter reviewed by The Wall Street Journal. The hedge fund said it is prepared to launch a proxy fight for board seats later this year if CSX doesn’t heed its advice.

Barron's on MSN · 1d

CSX Faces Mounting Pressure to Pursue Railroad Merger. An Activist Steps In.

The operator of some 20,000 miles of track faces extra pressure following a recent merger announcement from rivals.

Hosted on MSN · 1d

Ancora urges CSX to pursue merger or replace CEO amid rail industry shakeup

Activist investor Ancora Holdings, in a letter to CSX board disclosed on Monday, urged the railroad to pursue near-term merger options or replace CEO Joe Hinrichs. The activist investor urged the railroad to evaluate potential tie-ups with Berkshire Hathaway-owned BNSF Railway and Canadian Pacific Kansas City in order to determine the best merger partner.

Daily Herald3d

A railway merger trifecta? What supersized UP/Norfolk Southern combo could mean

Here we go again. For the second time in recent years, two railroad titans are contemplating a marriage that could shake the ...

Barchart on MSN1h

Are Wall Street Analysts Bullish on Norfolk Southern Stock?

Norfolk Southern Corporation (NSC) is a prominent freight rail holding company in the transportation sector, specializing in ...

Union Pacific–Norfolk Southern Must Prove $85B Rail Merger Would Boost Competition

Union Pacific's proposed acquisition of Norfolk Southern would connect more than 50,000 miles of rail across 43 states, ...

MODE Global Welcomes Union Pacific – Norfolk Southern Merger; Sees Major Benefit for Intermodal and Shippers

MODE Global, one of North America’s largest non-asset intermodal logistics providers, today announced its support for the proposed merger between Union Pacific Railroad and Norfolk Southern ...

SupplyChainBrain1d

Lutnick Signals Support for Union Pacific-Norfolk Southern Deal

U.S. rules require rail mergers to show that a deal would serve the public interest and enhance competition, a step beyond ...

22d

From Lincoln’s dream to an $85 billion merger, the transcontinental railroad is back

The coastal rail giants say it would create 'the first transcontinental railroad in America' through an $82 billion deal.

Washington Examiner on MSN27d

Norfolk Southern and Union Pacific confirm merger talks

Freight railroad giants Norfolk Southern and Union Pacific announced on Thursday that they are discussing a merger that would ...

Press & Sun-Bulletin3d

Norfolk Southern railroad safety: The latest on Murray Street bridge repairs

Twenty-five of the railway bridges in the Binghamton area are owned and operated by Norfolk Southern. The bridge on Murray ...

3don MSN

Norfolk Southern provides update after Harrisburg derailment

Cleanup is nearly complete after about a dozen Norfolk Southern train cars derailed in Harrisburg Saturday afternoon. In a ...

The Transload Group LLC Strongly Supports Union Pacific-Norfolk Southern Merger, Citing "Game-Changer" for U.S. Supply Chain

The Transload Group LLC, a leading provider of rail transloading and logistics services, today voiced its strong support for ...

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