STB Deems Norfolk Southern's Proposed Transaction Significant
March 15, 2025
March 15, 2025
WASHINGTON, March 15 (TNSFR) -- The Surface Transportation Board (STB) has determined that the proposed acquisition of Norfolk & Portsmouth Belt Line Railroad Company (NPBL) by Norfolk Southern Corporation (NSC) and Norfolk Southern Railway Company (NSR) is a significant transaction rather than a minor one, requiring a more rigorous review process. The decision follows a submission by NSC and NSR on February 14, 2025, seeking approval to gain full control of NPBL, a Class III rail carrier op . . .