Your email has been successfully added to our mailing list.

×
-0.00040922699175084 -0.000495380042645799 -0.00174459928062203 -0.00290766546770342 0.00157229317883211 0.000559994830816927 0.0029076654677033 0.00394150207844232
Stock impact report

STB to scrutinize NS bid to control Norfolk & Portsmouth Belt Line [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
WASHINGTON — The Surface Transportation Board will take a closer look at Norfolk Southern's proposal to officially control Virginia terminal railroad Norfolk & Portsmouth Belt Line. CSX had asked the board to review competition issues involving NS and NPBL. CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since 1982 by virtue of its 57% ownership stake; CSX owns the other 43% of the railroad that was created as a neutral switching carrier in 1896. CSX contends that it should have direct access to the Virginia Port Authority's Norfolk International Terminal via NPBL, which reaches the dockside terminal over NS trackage. CSX also alleges, among other things, that NS and NPBL set a $210 switching rate per car well that effectively prevents CSX from competing at NIT. The federal antitrust case CSX filed in 2018 led to the 2022 discovery that regulators never approved Norfolk Southern's control of the NPBL in 1982. The Show less Read more
Impact Snapshot
Event Time:
NSC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for NSC alerts
Opt-in for
NSC alerts

from News Quantified
Opt-in for
NSC alerts

from News Quantified