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Norfolk Southern Corp. (NSC) Shares Sold by State Treasurer State of Michigan

2016-03-04 15:30:16| Railroads - Topix.net

State Treasurer State of Michigan cut its position in Norfolk Southern Corp. by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission . The firm owned 102,105 shares of the railroad operator's stock after selling 6,700 shares during the period.

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UPDATE 1-FedEx Freight raises concerns over CP bid for Norfolk Southern

2016-03-03 21:27:52| Trucking - Topix.net

A unit of FedEx Corp has raised concerns over Canadian Pacific's bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail regulator on Thursday. In the letter to the Surface Transportation Board dated Feb. 25, a FedEx Freight executive wrote the company believes "a merger would lead to diminished service as well as higher shipping costs."

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UPDATE 1-FedEx Freight raises concerns over CP bid for Norfolk Southern

2016-03-03 20:41:34| Air Courier - Topix.net

A unit of FedEx Corp has raised concerns over Canadian Pacific's bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail regulator on Thursday. In the letter to the Surface Transportation Board dated Feb. 25, a FedEx Freight executive wrote the company believes "a merger would lead to diminished service as well as higher shipping costs."

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UPDATE 1-CP Rail mulls litigation over opposition to Norfolk Southern deal

2016-03-02 23:15:43| Railroads - Topix.net

Canadian Pacific Railway Ltd said on Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern Corp. "It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect its rights," CP, Canada's second largest railroad, said in a statement. CP's $28 billion plan to buy Norfolk Southern has garnered support from more than 80 shippers, but is being opposed by Norfolk Southern and a number of industry groups and other rail customers.

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Norfolk Southern Corp. (NSC) Stake Decreased by Thompson Siegel & Walmsley LLC

2016-03-02 23:15:42| Railroads - Topix.net

Thompson Siegel & Walmsley LLC reduced its stake in Norfolk Southern Corp. by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The firm owned 49,528 shares of the railroad operator's stock after selling 837 shares during the period.

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