newsworthy Harrison says CP to abandon buy-out bid for NS if shareholders reject proposal to hold talks February 11, 2016 Mark B. Solomon No Comments Canadian Pacific CEO says company prepared to walk if resolution is voted down at Norfolk Southern annual meeting.Read More
newsworthy CP-NS combination would not trigger future North America merger activity, CP said February 5, 2016 DC Velocity Staff No Comments Western rails BNSF, UP would still be larger than CP-NS combination, CP says.Read More
newsworthy Supply chain slowed significantly as multistate region digs out from Jonas January 25, 2016 DC Velocity Staff No Comments NS, CSX report major delays; UPS, FedEx air operations open, ground delays reported; Kane Is Able adjusting deliveries.Read More
newsworthy FedEx Ground to become launch tenant at Baltimore's Tradepoint Atlantic logistics complex January 21, 2016 DC Velocity Staff No Comments FedEx unit to build 300,000-square-foot DC on 50 acres of old "Sparrows Point" property.Read More
newsworthy CSX to build intermodal terminal in eastern N.C. to serve as regional hub January 15, 2016 DC Velocity Staff No Comments $272 million project contingent on securing state funding.Read More
newsworthy CSX names new head of intermodal January 11, 2016 DC Velocity Staff No Comments Piacente, former vice president of chemicals, to run division; Clement, head since 2010, leaves company.Read More
newsworthy Norfolk Southern board rejects CP's third buyout offer, setting up possible proxy fight December 23, 2015 Mark B. Solomon No Comments NS board calls latest offer "grossly inadequate" even with new rights included.Read More
newsworthy CP pitches third merger offer to NS; hints at proxy fight if new bid is rejected December 17, 2015 Mark B. Solomon No Comments Fate of transcontinental merger rests with three-person U.S. Surface Transportation Board.Read More
newsworthy To pull off the unprecedented, CP's Harrison fashions proposal to think like his shippers November 18, 2015 Mark B. Solomon No Comments $28 billion transcontinental merger with Norfolk Southern includes plans to open up competitive access to combined entity's customers.Read More
newsworthy CSX adds Dallas, Chambersburg, Pa., to U.S intermodal network through Northwest Ohio October 26, 2015 DC Velocity Staff No Comments Scheduled Nov. 2 expansion to beef up footprint at Ohio transfer hub.Read More