Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize"
Author: Graham Buxton
Date: 10-09-2018 - 06:19

From the Jacksonville Business Journal: (Jacksonville FL is the HQ of CSX.)
Quote:
Jacksonville
CSX Corp. (Nasdaq: CSX) filed suit against rival railroad Norfolk Southern Railway (NYSE: NSC), which operates over much of the same territory, claiming that NS conspired with Norfolk & Portsmouth Belt Line Railroad to block CSX from Norfolk International Terminals.
The suit, filed Oct. 4 in the Norfolk division of U.S. District Court, also names three NS vice presidents and president of NBPL. CSX accuses the railroads of using acquisitions to get a majority share of NPBL (CSX owns 43 percent, while NS owns 57 percent), then hiring former NS employees as NPBL managers and installing current or former NS employees as voting board members at NBPL.

"NS and these directors and the NPBL management they put in place have conspired to operate the NPBL in order to benefit NS at the expense of the profitability and viability of the NPBL, and to harm NSís competitor [CSX's subsidiary, CSX Transportation]," CSX claims in its suit.

Read the rest here:
[www.bizjournals.com]



Subject Written By Date/Time (PST)
  Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Graham Buxton 10-09-2018 - 06:19
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Graham Buxton 10-09-2018 - 06:24
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Flood Gates 10-09-2018 - 06:29
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Graham Buxton 10-09-2018 - 06:54
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Graham Buxton 10-09-2018 - 07:24
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Take your Meds 10-09-2018 - 08:07
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Lord He He 10-10-2018 - 09:49
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" It was nice all weekend 10-09-2018 - 13:18
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" The Executioner 10-09-2018 - 10:17
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Joe Magruder 10-09-2018 - 19:12
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Graham Buxton 10-09-2018 - 19:50
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" The Executive 10-09-2018 - 21:37
  Re: Uh-Oh ... CSX sues NS for "Conspiracy" to monopolize" Nancy Pelozi 10-10-2018 - 21:18


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