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In 1990, Norfolk Southern Corporation transferred all the common stock of N&W to Southern, and Southern's name was changed to Norfolk Southern Railway Company. In 1998, Norfolk and Western was merged into Norfolk Southern Railway, forming one, united, railroad. [21] Headquarters for the new NS were established in Norfolk, Virginia. [11]
Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ... and his stock and option awards rose $2. ...
TTX Company (formerly TrailerTrain) is a provider of railcars and related freight car management services to the North American rail industry.TTX's pool of railcars—over 168,000 cars and intermodal well cars—supports shippers in several industries where flatcars, boxcars and gondolas are required.
Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.
NS planners and engineering officials are still considering improving the company's second most profitable line, including the initial $65 million in line improvement projects from 1959 to 1963 and 1996 to 2010. Norfolk Southern is projected to have spent over $1 billion in a span of 60 years.
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The Norfolk Southern Railway continued to improve the Lehigh Line into the 21st century. In 2014, Norfolk Southern purchased the former Delaware and Hudson line from Schenectady, New York, to Sunbury, Pennsylvania from Canadian Pacific. Prior to the acquisition, it had acquired trackage rights over the D&H in New York and Pennsylvania from CP ...
Railroad company Norfolk Southern ousted CEO Alan Shaw after an internal probe uncovered his relationship with the company's top lawyer, the company said in a Wednesday statement.