Norfolk & Portsmouth Belt Line Railroad

Norfolk & Portsmouth Belt Line Railroad #5260 crossing Elm Ave. Portsmouth, Virginia. At U.S. Norfolk Naval Shipyard.5260 is painted a commemorative scheme as part of the Norfolk Southern, Heritage Program. (David E. George III/Wikimedia Commons)

STB to NS: Proposed NPBL Acquisition Is ‘Significant’ Transaction (UPDATED 7/11)

The Surface Transportation Board (STB) on March 14 reported that it will review Norfolk Southern’s (NS) proposal to acquire Norfolk & Portsmouth Belt Line Railroad Company (NPBL), a Virginia S&T (switching and terminal) railroad, as a “significant” transaction. NS in June provided the STB-required supplement to its acquisition application, and on July 7, the Board accepted the application as complete and set a procedural schedule.

(Photographs Courtesy of the Respective Railroads)
Commentary

For Competing Railroads, What’s New Is Old

The reason we stay in school, pursue advanced degrees, merge and acquire competitors is to increase market power. The former two are celebrated by society, the latter two often derided negatively as