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Union Pacific, Norfolk Southern seek 1st transcontinental railroad through massive merger
OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West with Norfolk‘s […]
Union Pacific, Norfolk Southern confirm merger talks
Union Pacific and Norfolk Southern confirmed Thursday that they are in merger talks that would create a single U.S railroad with service stretching from the East to the West Coast. The Associated Press reported last week that the companies were discussing a tie-up but neither company confirmed until Thursday morning. The potential merger would combine the largest […]
Wall Street hangs near records highs with most of the focus on earnings, dealmaking
NEW YORK (AP) — Wall Street is drifting on Friday toward the finish of its third winning week in the last four, as more big U.S. companies deliver stronger profits for the spring than analysts expected. The S&P 500 slipped 0.1% in afternoon trading after setting its all-time high the day before. The Dow Jones Industrial […]
Broadband installation statute unconstitutional
Virginia’s high court ruled a 2023 broadband law unconstitutional, blocking fiber cable installs on railroad land without proving public use.
Building a hub
Fairwinds Landing LLC is demolishing dilapidated infrastructure, preparing to construct new facilities and signing tenants as it transforms Norfolk Southern Corp.’s Lambert’s Point Docks in Norfolk into Fairwinds Landing, a maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries. A Virginia Beach-based partnership be[...]
Port of Va. partnering with Norfolk Southern
The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia’s Norfolk International Terminals […]
Lambert’s Point Docks in Norfolk to become $100M maritime center
In a deal predicted to bring more than 500 jobs and over $100 million in capital investment, the Lambert’s Point Docks property in Norfolk will become a maritime operations and logistics center to support local offshore wind, defense and transportation industries. The land, owned by Norfolk Southern Railway Co., has been leased by Virginia Beach-based […]
Norfolk Southern donates archives to museum
Atlanta-based Norfolk Southern Corp. donated its complete collection of historical documents and archives from Norfolk and Western Railway, its predecessor, to the Virginia Museum of History & Culture, the company announced last week. Norfolk Southern, formerly headquartered in Norfolk, also provided a $750,000 grant to help the museum digitize, catalog and preserve the collection, and [&helli[...]
Roanoke plant still empty after FreightCar America exit
More than two years after FreightCar America left town, eliminating about 200 assembly jobs, the buildings once occupied by the railcar manufacturer in downtown Roanoke remain empty. Chicago-based FreightCar America opened its Roanoke plant in 2005, leasing space at the East End Shops, a locomotive workshop and maintenance complex of about 900,000 square feet of […]
Norfolk Southern taps new labor relations VP
Norfolk Southern is promoting Jason Morris to vice president labor relations, the Norfolk-based Fortune 500 railroad corporation announced Monday. Morris, the company’s assistant vice president safety and environmental, will succeed Scott Weaver, who is retiring Oct. 1 from the company after 32 years of service. Morris will report to Annie Adams, executive vice president and […]
$257M Western Rail Initiative to bring NRV train service
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Virginia program. […]
Norfolk Southern names new VP of government relations
Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern‘s efforts in Washington, […]
