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Wednesday, April 7, 2010 as of 11:14 AM ET

Norfolk Southern

    The Norfolk Southern Railway is a Class I railroad in the United States, owned by the Norfolk Southern Corporation.

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    Get updates on Norfolk Southern
    Canadian Pacific Ends Bitter Proxy Battle

    U.

    S. activist investor Bill Ackman Thursday won a bitter proxy vote to shake up the board and replace the chief executive at Canadian Pacific Railway Ltd. (CP) after shareholders of the Canadian railroad voted to support his slate of directors.Vote totals weren't immediately available but the results were announced within minutes after the official vote collection ended: all seven of Ackman's nominees were elected to the board.Earlier Thursday, CP's board ceded victory to Ackman, announcing the departure of Fred Green as chief executive and a director. It also said Chairman John Cleghorn, a former chief of Royal Bank of Canada (RY), and four other existing directors wouldn't stand for re-election.The new board named Stephen Tobias, one of Ackman's nominees and the former operations chief of Norfolk Southern Railway Co., to serve as interim chief executive while a search for permanent replacement for Green gets underway. Re-elected director Madeleine Paquin, chief executive of the Montr...

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      PALM BEACH, Fla. -( Dow Jones )- The head of Burlington Northern Santa Fe said Monday that the U.S. economy is growing at a "modest" pace and the railroad will add j...

    2. Norfolk Southern 4Q Net Up 19% On Higher Revenue

      DOW JONES NEWSWIRESNorfolk Southern Corp.'s (NSC) fourth-quarter earnings rose 19% as the railroad company recorded revenue growth across its segments, with particul...

    3. Norfolk Southern Raises Quarterly Dividend 9.3%

      DOW JONES NEWSWIRESNorfolk Southern Corp. (NSC) on Tuesday authorized a 9.3% increase to its quarterly dividend as the railroad company looks to boost shareholder va...

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    10. Are There Winners If Oil Falls to $80? (XOM, CVC, COP, SD, VLO, MPC, TSO, WNR, UAL, DAL, AMR, LUV, DRYS, DSX, UNP, CSX, NSC, FDX, UPS, ADM, POT, MOS, CF)

      The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and ...

    11. Norfolk Southern Raises Quarterly Dividend 7.5%

      Norfolk Southern Corp.'s (NSC) board authorized a 7.5% increase to the railroad company's quarterly dividend, the second time the payout was lifted this year.The com...

    12. Wall Street Extends Winning Streak on 1Q Earnings

      FOX Business: The Power to ProsperThe blue chips advanced for a third straight day as optimism over encouraging corporate earnings overshadowed gloomy economic data....

    1. Freight Trains Face Speed Bump in Chicago

      FBN’s Jeff Flock on the track issues slowing freight train traffic through Chicago.

    2. Transportation Sector Wrap

      During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.The ETF has moved down across its 50-day moving average of $93.28 to...

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    4. Rising Gas Prices a Boost to Rail Stocks?

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    5. Amtrak Cuts Speed In Parts Of Michigan Due To Norfolk Southern Order -Reports

      DOW JONES NEWSWIRESAmtrak has slowed down service in some Michigan sections of its Chicago-to-Detroit route, reflecting an order from Norfolk Southern Corp. (NSC) th...

    6. CSX Leads Railroad Stocks Rally

      CSX Corp. [s; csx] shares were leading a rally in railroad stocks early Thursday, rising as much as 5% to $21.22. The move, which landed CSX among top percentage gai...

    7. Dow Hits 13K for First Time Since May 2008

      FBN's Adam Shapiro on the Dow Industrial Average hitting 13000 for the first time since May 2008, and JPMorgan downgrading CSX and Norfolk Southern .

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