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US Supreme Court rebuffs CSX bid to revive antitrust suit against Norfolk Southern [Yahoo! Finance Canada]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
The justices turned away an appeal by CSX of a lower court's ruling last year that the Jacksonville, Florida-based company sued too late, missing a four-year window to bring claims for U.S. antitrust law violations. CSX had argued the statute of limitations should not be applied in its lawsuit. CSX sued Norfolk Southern in 2018 in a federal court in Virginia, accusing the rival shipper of conspiring with Norfolk & Portsmouth Belt Line Railroad Co to set an excessive fee for services at Virginia's Norfolk International Terminals, one of the most important East Coast terminals. Large international container ships use the Norfolk terminal to offload cargo onto trains and trucks for inland destinations. Norfolk & Portsmouth Belt Line, which was also a defendant, is a small railroad that is majority-owned by Norfolk Southern and provides track and "switching" services at the terminal. CSX does not own tracks at the dock, and so it must pay for access. In the suit, it said that Nor Show less Read more
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