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Norfolk Southern To Purchase Assets Of The Cincinnati Southern Railway

Nov 21, 2022•about 3 years ago

Acquiring Company

Norfolk Southern

Acquired Company

Norfolk Southern

AtlantaAtlantaLogisticsTransportationLogisticsTransportation

Description

Norfolk Southern Corporation (NYSE: NSC) announced today the execution of a purchase agreement under which the company's operating subsidiary, Norfolk Southern Railway Company, will acquire substantially all of the assets of the Cincinnati Southern Railway (CSR), an approximately 337 mile railroad that runs from Cincinnati, Ohio to Chattanooga, Tennessee.

Company Information

Company

Norfolk Southern

Location

Atlanta, Georgia, United States

About

Norfolk Southern Corp. is a major North American transportation service provider, operating a network of freight railroads. The company offers logistics services and is involved in the transportation of various goods. Norfolk Southern is known for its commitment to safety and service. The firm operates over 19,500 miles of track in 22 states.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed