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May
12

NS report highlights projects funded by green bonds

Rail News Home Norfolk Southern Railway 5/12/2022 Rail News: Norfolk Southern Railway
NS was the first Class I to issue green bonds. Photo – nscorp.com

Norfolk Southern Corp. yesterday reported on projects funded by $500 million in green bonds the company issued in 2021.

NS was the first Class I to issue green bonds. The company allocated $496 million in net proceeds from its green bonds to fund eligible projects as defined under the NS Green Financing Framework.

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Norfolk Southern
May
12

NS report highlights projects funded by green bonds

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Progressive Railroading
May
12

NS report highlights projects funded by green bonds

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Norfolk Southern
May
12

CSX to serve Novelis aluminum recycling plant in Alabama

CSX

Rail News Home CSX Transportation 5/12/2022 Rail News: CSX Transportation
A rendering of the future Novelis plant, which will be served by CSX. Photo – novelis.com

CSX will provide rail transportation to Novelis Inc.’s future $2.5 billion aluminum recycling and rolling plant in Bay Minette, Alabama, the Class I announced yesterday.

The low-carbon facility will be the first fully integrated aluminum mill built in the United States in 40 years, CSX officials said in a press release.

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CSX
May
12

CSX to serve Novelis aluminum recycling plant in Alabama

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Progressive Railroading
May
12

CSX to serve Novelis aluminum recycling plant in Alabama

CSX

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CSX
May
11

Rail supplier news from Balfour Beatty, Werner and Masabi (May 11)

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Progressive Railroading
May
11

MBTA ramps up commuter-rail summer service

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Progressive Railroading
May
11

NYCT achieves new pandemic-era subway ridership record

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Progressive Railroading
May
11

SEPTA issues RFP for King of Prussia rail project

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Progressive Railroading
May
11

FTA to obligate funding for L.A. Metro East San Fernando light-rail project

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Progressive Railroading
May
11

Amtrak launches apprenticeship pilot program

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Progressive Railroading
May
10

Rail supplier news from PTSI, STV and Nippon Express (May 10)

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Progressive Railroading
May
10

TNW's Treangen asks Texas lawmakers to consider short-line investment

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Progressive Railroading
May
10

Transport Canada proposes new freight-rail reporting requirements

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Progressive Railroading
May
10

Amtrak unveils summer schedule ahead of growing demand

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Progressive Railroading
May
10

WMATA names Clarke next GM, CEO

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Progressive Railroading
May
10

CP: Shareholders should reject TRC mini-tender offer

Rail News Home Canadian Pacific 5/10/2022 Rail News: Canadian Pacific
Canadian Pacific today announced it has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corp. to purchase up to 1.5 million common shares of CP, representing approximately 0.16% of the outstanding shares of common stock at a price of CA$88.50 per share.CP does not endorse this unsolicited offer, and advised CP shareholders that the offer has been made at a price of 4.37% and 4.49%, respectively, below market price as of CP's closing price on the Toronto Stock Exchange and the New York Stock Exchange on May 2, the date of the offer, CP officials said in a press release.CP has no association with TRC Capital or its offer, and recommends that shareholders do not tender their CP shares to the offeror, they said.

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Canadian Pacific
May
10

CP: Shareholders should reject TRC mini-tender offer

May
10

CP: Shareholders should reject TRC mini-tender offer

Tags:
Canadian Pacific