Topic
norfolk southern
Logistics UP and NS CEOs Say Latest Rail Merger Filing Additions Further Enhance Competition
Union Pacific and Norfolk Southern CEOs Jim Vena and Mark George said the latest additions to their rail merger application, including an expanded Committed Gateway Pricing concept and a deal with CN, significantly enhance competition. They argued the merger will benefit customers and lower prices, responding to STB concerns.
Logistics Union Pacific, Norfolk Southern Add Customer Protections as STB Merger Review Advances
Union Pacific and Norfolk Southern have filed a supplemental customer protection plan with the Surface Transportation Board as part of their merger review. The plan includes four commitments: expanded pricing, broader customer protections, temporary alternative service, and rate relief if benefits are delayed. The move aims to address competition concerns and improve service reliability ahead of a potential mid-2027 close.
Logistics Norfolk Southern Posts Strong Q2 Profits as Volume Gains Accelerate Across All Segments
Norfolk Southern reported stronger second-quarter profits on across-the-board volume growth, with revenue rising 11% to a record $3.46 billion. Adjusted operating income increased 5% to $1.19 billion, driven by a 4% overall volume gain and a 25% surge in coal exports. The railroad also noted improvements in network speed and terminal dwell after a rough winter.
Logistics CN and UP Reach Settlement on Norfolk Southern Merger, Enhancing Rail Access in Chicago and Mexico
Canadian National and Union Pacific have reached a settlement on the Union Pacific-Norfolk Southern merger. UP gains rights to CN's Elgin, Joliet & Eastern route for a faster Chicago bypass, while CN gets operating rights from Memphis to Eagle Pass, improving its Mexico access. The deal, subject to STB approval, includes additional trackage rights and terminal acquisitions.
Logistics Norfolk Southern Q2 Earnings Beat Forecasts as Freight Demand and Fuel Surcharges Rise
Norfolk Southern posted second-quarter 2026 results that exceeded Wall Street expectations, driven by stronger freight demand and higher fuel surcharges. Adjusted profit was $3.52 per share versus a consensus of $3.31, and operating income rose 11% year-over-year to $3.5 billion. The railroad continues to benefit from improved pricing power across key freight categories.
Logistics Norfolk Southern Promotes Will DeShazor to VP of Intermodal and Automotive Operations
Norfolk Southern has promoted Will DeShazor to vice president of intermodal and automotive operations, effective immediately. DeShazor, a 21-year company veteran, previously served as AVP network optimization and has extensive terminal operations experience. He will report to Chief Operating Officer Brian Barr.
Logistics Norfolk Southern Conductor Killed in Indiana Train Accident
A Norfolk Southern conductor was killed Thursday when struck by a train in Whiting, Indiana. The deceased, Scott Shoemaker, 57, was inspecting a passing westbound train. The NTSB is investigating. Norfolk Southern expressed condolences and reiterated that safety is its top priority.
Logistics Union Pacific and Norfolk Southern CEOs Discuss Merger That Could Reshape U.S. Economy
During a July 4th celebration in Philadelphia, Union Pacific CEO Jim Vena and Norfolk Southern CEO Mark George discussed their pending rail merger, regulatory evaluation expectations, and a procedural wish regarding the Surface Transportation Board. The merger could reshape the U.S. economy.
Logistics Union Pacific, Norfolk Southern Submit First Portion of Merger Data to STB, Face Deadline
Union Pacific and Norfolk Southern submitted the first portion of additional merger data to the Surface Transportation Board on July 7, addressing questions about control of Terminal Railroad Association of St. Louis, Kansas City Terminal Railway, and TTX. The railroads offered to divest their stakes to preserve neutrality. The STB set a July 27 deadline for the full submission, and a second filing on competition issues is expected. The merger is targeted for completion by mid-2027.
Logistics Norfolk Southern CEO Says Railroad Must Focus on Today's Service While Advancing Union Pacific Merger
Norfolk Southern CEO Mark George states the railroad remains committed to improving service while advancing the proposed merger with Union Pacific. He acknowledges current service struggles due to crew shortages and weather, but says the operations team is focused on stabilization. The merger aims to create coast-to-coast service, though other Class I railroads oppose it.
Logistics Ag Retailers Warn Union Pacific-Norfolk Southern Merger Threatens Rates, Service
The Agricultural Retailers Association (ARA) has raised serious concerns about the proposed Union Pacific-Norfolk Southern rail merger, warning it will concentrate pricing power and hurt agricultural shippers. ARA president Daren Coppock noted rail rates have risen 40% over 20 years, faster than truck rates, and past mergers have reduced competition.
Logistics Norfolk Southern Appoints New COO Amid Merger Talks
Norfolk Southern has appointed Brian Barr as its new Chief Operating Officer, succeeding John Orr. This leadership change comes as the company navigates a potential merger with Union Pacific, which could significantly impact the U.S. rail network.