Canadian Pacific Railway (CPR) and Norfolk Southern Railway (NSR) on June 30 signed a memorandum of understanding for an exchange of trackage rights, freight haulage and yard services that both railroads say will increase operational efficiency and enhance rail service to customers.
The Conrail acquisition is a continuing success and the Surface Transportation Board’s (STB) five-year oversight has achieved its goals, Michael Ward, Chairman, President and Chief Executive Officer of CSX Corporation, said May 3.
Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period.
CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate.
