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Shares of Norfolk Southern fell 22% in the two months following the accident, but the stock has since recovered most of its value, and its current share price is slightly above its pre-derailment ...
On June 23, 1997, CSX and Norfolk Southern Railway (NS) filed a joint application with the Surface Transportation Board for authority to purchase, divide, and operate the assets of the 11,000-mile (18,000 km) Conrail, which had been created in 1976 by bringing together several ailing Northeastern railway systems into a government-owned ...
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]
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.
Norfolk Southern's CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday.. A spokeswoman for the Atlanta-based railroad that is one of North America's ...
Norfolk Southern alone will be responsible for paying for the cleanup after last year's fiery train derailment in eastern Ohio, a federal judge ruled.. The decision issued Wednesday threw out the ...
The Crescent Corridor is a railroad corridor operated by the Norfolk Southern Railway (NS). The project, first proposed in 2007, and scheduled for completion by 2020, spans 13 states from New York to Louisiana. [1] [2] It is a private-public partnership between Norfolk Southern and the various state and federal governments. [2]
The New Castle District is a railroad line owned and operated by the Norfolk Southern Railway in the U.S. states of Ohio and Indiana.The line runs from Evendale northwest and north to Fort Wayne, Indiana along former Pennsylvania Railroad and New York, Chicago and St. Louis Railroad (Nickel Plate) lines.