Norfolk Southern Railway

PAVE Mobility Reorganizes, Secures Additional Capital to Fuel Growth and Expansion Plans

Retrieved on: 
Thursday, November 30, 2023

PAVE Mobility, a parking-enforcement solutions provider that offers powerful and user-friendly tools to simplify parking operations and enforcement, today announced that it has completed a corporate reorganization and capital raise to fund growth and position the company for future expansion.

Key Points: 
  • PAVE Mobility, a parking-enforcement solutions provider that offers powerful and user-friendly tools to simplify parking operations and enforcement, today announced that it has completed a corporate reorganization and capital raise to fund growth and position the company for future expansion.
  • The transaction was led by US Infravest Managers L.P. (“USIV”) a NY-based, SEC registered investment advisor with capital provided by several leading institutional investors.
  • The additional funding will propel PAVE’s industry leading enforcement solution with investments in business intelligence, R&D and client success initiatives.
  • “We are fortunate to have been able to attract high quality investors who believe in PAVE and the future of automated vehicle enforcement.

Vertical Cold Storage Breaks Ground in Kansas City

Retrieved on: 
Tuesday, November 14, 2023

Vertical Cold Storage , a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures , held a groundbreaking for its Kansas City multi-modal distribution site today.

Key Points: 
  • Vertical Cold Storage , a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures , held a groundbreaking for its Kansas City multi-modal distribution site today.
  • “Vertical Cold Storage is excited to deliver the first facility in Kansas City to offer the value-added services of blast freezing, case picking, and expedited intermodal transportation solutions adjacent to the CPKC intermodal terminal.
  • Kansas City is an excellent location for customers interested in reducing their carbon footprint and transportation expense by leveraging new intermodal capacity for import/export or domestic transportation needs,” said West Hutchison, President and CEO of Vertical Cold Storage.
  • As proud Kansas City natives, we are thrilled to see the initial Vertical Cold build in our backyard,” said Ryan Anderson, Co-President & Co-Founder of Platform Ventures.

Norfolk Southern grants $5 million to promote safety, build communities

Retrieved on: 
Monday, December 18, 2023

ATLANTA, Dec. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has distributed nearly $5 million in local grants to 330 organizations across its 22-state network as part of its Safety First and Thriving Communities grant programs .

Key Points: 
  • ATLANTA, Dec. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has distributed nearly $5 million in local grants to 330 organizations across its 22-state network as part of its Safety First and Thriving Communities grant programs .
  • Launched in September , the two grant programs are designed to support organizations that promote safe and sustainable operations, develop local workforces, and build strong, resilient communities across the company's network.
  • "The Safety First and Thriving Communities grant programs underscore Norfolk Southern's longstanding commitment to supporting our communities," said Kristin Wong, Director Corporate Giving at Norfolk Southern.
  • Approximately $2.5 million in Thriving Communities grants were awarded to 152 organizations across 18 states.

Norfolk Southern announces 2023 Thoroughbred Sustainability Partner Awards

Retrieved on: 
Thursday, December 14, 2023

ATLANTA, Dec. 14, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Thursday the recipients of its annual Thoroughbred Sustainability Partner Awards. The awards recognize Norfolk Southern partner companies who are leaders in the categories of Energy Efficiency, Innovation, and Environmental Stewardship.

Key Points: 
  • "Railroads are an essential part of a low-carbon supply chain," said Norfolk Southern Chief Marketing Officer Ed Elkins.
  • "Each year, Norfolk Southern helps our customers avoid 15 million metric tons of emissions and reduce congestion and wear on public highways.
  • Our Thoroughbred Sustainability Partner Awards recognize their incredible achievements and underscore our shared commitment to lowering our nation's overall carbon footprint."
  • "Taking strides to reduce our environmental impact goes beyond our own initiatives; it involves actively supporting our partners in reaching their sustainability targets as well," said Norfolk Southern Chief Sustainability Officer Josh Raglin.

IMC EXPANDS NATIONAL FOOTPRINT WITH FOUR NEW LOCATIONS ACROSS OHIO VALLEY, NORTHEAST, AND PACIFIC REGIONS

Retrieved on: 
Wednesday, December 13, 2023

The largest of the new facilities is the Cincinnati location at which IMC consolidated four operations into one depot, located at 9991 Commerce Park Drive.

Key Points: 
  • The largest of the new facilities is the Cincinnati location at which IMC consolidated four operations into one depot, located at 9991 Commerce Park Drive.
  • This new full-service depot is located just five miles from the Sharonville ramp for Norfolk Southern Railroad.
  • We are thrilled to open this new location in the largest township in the state of Ohio and the ninth largest municipality in the state."
  • All new locations are providing jobs to their local communities both for professional truck drivers as well as administrative and support positions.

Norfolk Southern grants nearly $600,000 to 29 organizations combatting homelessness

Retrieved on: 
Tuesday, December 12, 2023

ATLANTA, Dec. 12, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will donate nearly $600,000 in grants to 29 organizations that serve homeless individuals across its 22-state network.

Key Points: 
  • ATLANTA, Dec. 12, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will donate nearly $600,000 in grants to 29 organizations that serve homeless individuals across its 22-state network.
  • Recipient organizations are based in communities served by Norfolk Southern and provide an array of vital services to homeless populations, from housing to job assistance to food and mental health support.
  • "We believe in the power of community and understand the profound impact homelessness has on individuals and families," said Kristin Wong, Director Corporate Giving at Norfolk Southern.
  • "Norfolk Southern is focused on addressing this issue by supporting organizations across our 22-state network that provide shelter and critical services to the most vulnerable members of our communities."

Norfolk Southern to present at the Stephens Annual Investment Conference

Retrieved on: 
Friday, November 10, 2023

ATLANTA, Nov. 10, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan Shaw will address the Stephens Annual Investment Conference. Details on listening to the event follow below.

Key Points: 

ATLANTA, Nov. 10, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan Shaw will address the Stephens Annual Investment Conference. Details on listening to the event follow below.

Lowey Dannenberg P.C. Investigates Norfolk Southern Corporation (NYSE: NSC) for Potential Breaches of Fiduciary Duty by Its Board of Directors

Retrieved on: 
Monday, October 30, 2023

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg, P.C.

Key Points: 
  • NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg, P.C.
  • a preeminent law firm in obtaining redress for investors, is investigating potential violations of securities laws on behalf of shareholders of Norfolk Southern Corporation (NYSE: NSC) related to the February 2023 East Palestine train derailment which has resulted in $803 Million in charges.
  • is investigating potential wrongdoing by Norfolk Southern’s officers and directors in connection with these allegations.
  • Norfolk Southern previously recognized $387 million in expenses related to these matters, and on July 27, 2023 announced another $416 million charge, for a total of $803 million.

Dominion Energy Announces Retirements of Two Directors, Election of Two New Independent Directors as Part of Continuing Board Refreshment

Retrieved on: 
Friday, November 3, 2023

Jibson was elected to the board in 2016 after the completion of the combination of Dominion Energy and Questar Corporation, where he was chairman, president, and chief executive officer.

Key Points: 
  • Jibson was elected to the board in 2016 after the completion of the combination of Dominion Energy and Questar Corporation, where he was chairman, president, and chief executive officer.
  • "Ron and Mike have served Dominion Energy's shareholders with distinction," said Robert M. Blue, chair, president and chief executive officer.
  • The company also announced that the board of directors has elected two new independent directors, Vanessa L. Allen Sutherland and Paul M. Dabbar.
  • Those elections are effective Dec. 1, 2023, and part of the company's ongoing commitment to strong corporate governance and regular board refreshment of its board of directors.

Charlotte Pipe's new facility in Oakboro, NC on the Aberdeen Carolina and Western Railway

Retrieved on: 
Tuesday, October 31, 2023

OAKBORO, N.C., Oct. 31, 2023 /PRNewswire/ -- The Aberdeen Carolina and Western Railway is pleased to announce the Grand Opening of the new Charlotte Pipe and Foundry Company manufacturing plant in Oakboro, NC.

Key Points: 
  • OAKBORO, N.C., Oct. 31, 2023 /PRNewswire/ -- The Aberdeen Carolina and Western Railway is pleased to announce the Grand Opening of the new Charlotte Pipe and Foundry Company manufacturing plant in Oakboro, NC.
  • Charlotte Pipe's new facility in Oakboro, NC on the Aberdeen Carolina and Western Railway.
  • The Aberdeen, Carolina and Western Railway is excited about our new partnership with Charlotte Pipe.
  • Like Charlotte Pipe, the Aberdeen Carolina and Western Railway is a family-owned business.