On Friday, Shares of Norfolk Southern Corp. (NYSE:NSC), gained 2.17% to $79.01.
Norfolk Southern Corporation’s (NSC) yard in Memphis has a new name, and it is “Harris Yard,” in honor of Deborah Harris Butler, the railroad’s executive vice president planning and chief information officer, who is retiring Oct. 1, 2015.
In making the declaration, NS President and CEO Jim Squires said, “Consistently over her 37-year career, Deb envisioned and championed systems and technology that keep the freight moving. Her name on a key yard that handles important segments of our business – in her own hometown — is apt and well-deserved recognition.”
Harris Yard is situated on NS’ mainline from Birmingham and Chattanooga and is located in the midtown area of Memphis, near the Liberty Bowl Memorial Stadium and not far from Graceland, Elvis Presley’s home. Harris Yard is a focal point for traffic moving east and west, as NS interchanges in Memphis with the UP, BNSF, and CN railroads. The yard also is home to NS’ 38-acre truck-to-rail transfer facility that connects Memphis’ intermodal shippers to global markets via six days per week rail service to and from the major container port facilities on the U.S. Southeastern coast.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia.
Shares of Sunoco Logistics Partners L.P. (NYSE:SXL), declined -1.36% to $29.09, during its last trading session.
Bayou Bridge Pipeline, declared the launch of a binding expansion open season to assess additional interest in transportation service from Nederland, Texas, to refining markets in Louisiana on the Bayou Bridge Pipeline (BBP). Bayou Bridge is jointly owned by auxiliaries of Phillips 66 (PSX), Energy Transfer Partners, L.P. (ETP) and Sunoco Logistics Partners L.P. (SXL).
Construction is already underway on the BBP 30-inch pipeline segment from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge anticipates commercial operations for this segment to start in the first quarter of 2016. The results of the expansion open season will be used by Bayou Bridge to determine the diameter of the BBP pipeline segment from Lake Charles to St. James, Louisiana. At St. James, BBP has agreed to a connection with NuStar Energy L.P.’s crude oil terminal and is in negotiations with additional parties to connect to the extensive existing crude oil terminalling infrastructure in the region, counting the Plains Marketing, L.P.’s crude oil terminal. The in-service date for commercial deliveries by Bayou Bridge to St. James, Louisiana, is forecast for the second half of 2017.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines.
Finally, Fortune Brands Home & Security Inc (NYSE:FBHS), ended its last trade with 0.48% gain, and closed at $48.23.
Fortune Brands Home & Security, declared that its Board of Directors has declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on December 16, 2015, to stockholders of record as of the close of business on November 27, 2015.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security.
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