Norfolk Southern

Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX. 

BNSF Railway and CSX said they will partner on seamless coast-to-coast rail service, just weeks after Union Pacific and Norfolk Southern proposed their own transcontinental merger. 

U.S. Commerce Secretary Howard Lutnick backed Union Pacific’s proposed $72 billion takeover of Norfolk Southern, saying it will create more efficient transcontinental rail freight transportation.

Ancora wants CSX to focus on maximizing shareholder value at a critical moment.

While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.

An association representing several thousand rail shippers is warning a merger of Union Pacific and Norfolk Southern will push freight rates higher and lead to unreliable service.

Intermodal provider Hub Group, which would be strongly affected by a UP-NS merger, backs it fully.

Goldman Sachs is reportedly advising CSX on merger options after Union Pacific said that it would acquire Norfolk Southern.

The Port of Los Angeles is poised to reap the benefits of Union Pacific’s acquisition of Norfolk Southern, its top executive says.

The activist investor that helped spur the historic Union Pacific-Norfolk Southern deal is building a position in CSX.

Ancora built its position in Norfolk Southern in 2023 and 2024.

Canadian National, one of two transcontinental railroads in Canada, expressed support for the proposed coast-to-coast merger of Union Pacific and Norfolk Southern.

Intermodal, coal, and grain helped Canadian Pacific Kansas City to improved profits in the second quarter.

The proposed acquisition creates the first transcontinental freight railroad.

Werner’s year-on-year comps were tough, but it performed better sequentially in the second quarter.

Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts

Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.

Union Pacific and Norfolk Southern announced a merger that will create the first transcontinental railroad with an enterprise value of more than $250 billion.

Norfolk Southern, which announced an historic merger with Union Pacific, said earnings rose 5% in Q2 as volume grew by 3%.

Union Pacific and Norfolk Southern could announce a merger as early  as next week, according to a published report.

Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.

The State of Freight for July looked at what a few key SONAR indices are saying about the market.

Union Pacific and Norfolk Southern on Thursday confirmed that they are in advanced discussions regarding a merger.

Intermodal would be approximately 53% of a combined entity’s volume.

A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder. 

Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.

In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.

Intermodal, coal, and grains are driving Class I railroad traffic higher.

Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.

Intermodal helped make CPKC the fastest-growing railroad in the second quarter.

That light at the end of the rail merger tunnel is becoming an oncoming investment express.

The National Institutes of Health plans the first comprehensive research project to study the long-term health effects of the 2023 rail disaster in East Palestine, Ohio.

History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.

Norfolk Southern board chair Claude Mongeau, who guided the panel after a failed takeover, has resigned.

After small railroad volume growth outperformed the Class I, Norfolk Southern is expanding an interchange program to more than 260 shortline partners.

Intermodal volumes so far seem to be dodging the “air pocket” expected in the wake of steep tariffs on goods from China.

Railroad executives told an investors conference that future mergers face likely insurmountable regulatory hurdles.

Cross-border tensions are moderating Canadian National’s outlook, but its CEO still expects around 3% growth in freight volumes this year. 

Talk of mergers is making the rounds of Class I railroads as a way to kick-start growth and take advantage of a business-friendly Trump administration.

The Port of Virginia wants container shippers to know that it’s not beholden to China.

Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.

Railcar owner GATX won’t have to help pay the $600 million settlement related to the East Palestine, Ohio, train derailment, a jury decided.

Flat revenue and a “vicious winter” didn’t keep Norfolk Southern from posting improved first-quarter profits.

Norfolk Southern shook off severe winter weather in the first three months of the year to post improved operating income in the first quarter.

The U.S. Supreme Court declined to hear a CSX appeal regarding an antitrust suit over access to Norfolk International Terminals.

A partnership of BNSF, Norfolk Southern and the Northwest Seaport Alliance are offering expedited service from the Pacific Northwest to the Chicago rail hub.

Railroad stocks dropped after President Trump’s announcement Wednesday of tariffs on U.S. trading partners.

Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.

In the latest episode of the Bring It Home podcast, Norfolk Southern executive Stefan Loeb discussed the role of railroads in America’s reindustrialization.

Hyundai will increase production to >1M units per year and build a steel plant.

Norfolk Southern has expanded its offerings of certified rail-served properties for industrial site development.

The Surface Transportation Board will examine a proposal by Norfolk Southern for formal control of Virginia terminal railroad Norfolk & Portsmouth Belt Line.

CSX is detouring well over a dozen trains daily now that the Howard Street Tunnel project is underway in Baltimore.

Norfolk Southern said it is not out of the ordinary for the Justice Department to look into a case involving antitrust allegations by fellow Class I railroad CSX.

The Justice Department is investigating Norfolk Southern and Virginia terminal railroad Norfolk & Portsmouth Belt Line for alleged anticompetitive conduct against CSX.

The early-year supply chain lull swept rail freight in the latest carload data from the Association of American Railroads.

Railroads are weighing the uncertainty of President Trump’s proposed tariffs and foresee a moderate cross-border impact, executives told an investor conference.

Union Pacific might be running the smoothest rail network.

U.S. rail traffic has risen for the fifth time in the first six weeks of 2025.

Norfolk Southern COO John Orr has the railroad running tighter and faster.

CSX on Monday named former Surface Transportation Board Chair Ann Begeman to its board of directors. Separately, Norfolk Southern (NYSE: NSC) appointed former Celanese Chief Executive Lori J. Ryerkerk to its board, a move made after a search process that was a part of an agreement with activist investor Ancora Holdings. “Ann brings a wealth […]

U.S. rail traffic showed a massive jump for the week ending Jan. 18, 2025, with both carload and intermodal traffic up more than 25% from the same week a year earlier. Statistics from the Association of American Railroads show overall traffic for the week was 500,160 carloads and intermodal units, a 25.9% increase. That included […]

Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.

Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 was 421,410 carloads and intermodal units, a 1% increase over the first week a year ago. That included 198,500 carloads, down 4.6%, and 222,910 containers […]

Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.

Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.

U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.

Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS announced Thursday.

Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.

Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.

Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.

U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.

Port of Indiana-Burns Harbor on Lake Michigan increases rail capacity by 250 cars and adds hundreds of feet of new dock for expanded all-water cargoes.

Norfolk Southern, which has struggled to maintain consistent and reliable service in recent years, will no longer tolerate mediocre operational performance, new CEO Mark George says.

Norfolk Southern in a filing detailed salary and stock awards that signal it expects Mark George to be a long-term chief executive.

Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.

In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.

Norfolk Southern’s final RoadRailer train left Detroit early Sunday morning for the 715-mile run to Kansas City, Missouri.

The agreements were announced just days after CSX completed early deals with its unions as labor flexes its newfound strength with employers following the pandemic.

The U.S. Justice Department is taking Norfolk Southern to court, alleging the railroad’s delays of Amtrak’s Crescent violate federal law.

Norfolk Southern highlights ways it’s creating sustainable growth through investments in people and technology.

Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter.

The Biden administration is calling railroad executives to Washington to explain how they plan to reverse negative cargo trends and grow their business.

Norfolk Southern’s Stefan Loeb discusses rail growth strategies at FreightWaves’ Future of Supply Chain event.

Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.

A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.

New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight.

A preliminary report on how Norfolk Southern did in the first quarter comes as the showdown over its future nears a climax.

Norfolk Southern announced Tuesday that it will pay a $600 million settlement of a class-action lawsuit after a train derailed in East Palestine, Ohio, in February 2023.

Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.

A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.

Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.

Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.

Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, saying the president waited too long to visit the site of a train derailment.

Activist pressure and focus on OR are at odds with optimal service levels.

It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.

Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.

Increasing biofuel consumption will be a key way for Norfolk Southern to reduce greenhouse gas emissions, according to its inaugural climate transition plan.

Labor peace was won at what will be higher costs for shippers and carriers.

Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”