Norfolk Southern Corporation, through its subsidiary Norfolk Southern Railway, has agreed to purchase all of the assets of the Cincinnati Southern Railway (CSR) for a cash consideration of around $1.62bn, in a move to strengthen its railway operations. Under the transaction, the Atlanta-based transportation company will acquire a nearly 337-mile railroad laid between Cincinnati to […]
Novonix Limited has been selected for a $150 million grant from the US Department of Energy (DOE) to expand the production of synthetic graphite in the US. The Australian battery materials and technology company in this connection will participate in negotiations with the DOE through its anode materials unit located in Chattanooga, Tennessee. The negotiations […]
Fast food restaurant company chain Church’s Chicken which specializes in fried chicken is all set to have a massive expansion with an investment of $40 million in the US. Its new franchisee, Volunteer Chicken is to open 10 new restaurants having secured the rights and getting the necessary financial backing from the American Development Partners […]