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The Cincinnati Southern Railway Board, which oversees the railroad, wants to sell the city-owned railroad to Norfolk Southern Corp. for $1.6 billion, instead of continuing to lease the railroad to ...
Norfolk Southern CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the ...
Norfolk Southern operates in 22 states and is valued at more than $57 billion. As of midday Monday, its shares were up $3.50, or 1.4%, at $253.50. Over the last 18 months, Shaw has faced pressure ...
Norfolk Southern's predecessor railroads date to the early 19th century. The South Carolina Canal & Rail Road was the SOU's earliest predecessor line. Chartered in 1827, the South Carolina Canal & Rail Road Company became the first to offer regularly scheduled passenger train service with the inaugural run of the Best Friend of Charleston in 1830. [18]
Norfolk Southern CEO Alan Shaw, at center, prepares to speak at the Senate hearing on improving rail safety in response to the East Palestine, Ohio train Derailment on, March 22, 2023.
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but ...
The line from Lamberts Point to Canal Drive, Norfolk was separated from the Norfolk District and became a new rail line called Norfolk Terminal. The Norfolk District is part of the Lamberts Point to Roanoke rail corridor. At one time the line's original name was restored as a timetable name and the line was grouped with the Norfolk Terminal in ...
Norfolk Southern CEO Alan Shaw is interviewed by reporters in front of some of the tank trailers that are being used to transport water away from the derailment site, Tuesday, Feb. 21, 2023, in ...