March 27, 2024 | Headlines, NS, PSR
(Source: Freight Waves, March 25, 2024) Norfolk Southern has set May 9 as the date for its annual meeting, when an insurgent campaign to put outside directors on the company’s board and a new CEO in place will come to a head. Full story: Freight...
March 27, 2024 | Headlines, PSR, STB
(Source: Progressive Railroading, March 22, 2024) The U.S. Class I workforce grew a bit larger last month. As of mid-February, the large railroads employed 123,377 people in the United States, up 0.6% from January’s level and 2.6% from February 2023’s count, according...
March 27, 2024 | Headlines, NS, PSR
(Source: Trains.com, March 21, 2024) Norfolk Southern’s decision to hire a chief operating officer with Precision Scheduled Railroading expertise increases the likelihood that the embattled railroad will reach a settlement with activist investor Ancora Holdings, Wall...
March 20, 2024 | Headlines, NS, PSR
(Source: Trains.com, March 19, 2024) Amid a proxy fight with an activist investor, Norfolk Southern on Wednesday will name Canadian Pacific Kansas City executive John Orr as its chief operating officer, Trains News Wire has learned. Orr brings a Precision Scheduled...
March 19, 2024 | Headlines, NTSB
(Source: Progressive Railroading, March 18, 2024) President Joe Biden recently announced his intention to nominate Jennifer Homendy as the continuing chair of the National Transportation Safety Board (NTSB). On Aug. 13, 2021, Homendy became the board’s 15th...
March 18, 2024 | CPKC, Headlines, Paid Sick Leave, Unions
(Source: Television station KCTV, March 16, 2024) On March 15, the KC Current kicked off its season in the brand new CPKC Stadium, while fans made their way to the stadium, protesters lined the streets as well. The American Train Dispatchers Association (ATDA) staged...
March 18, 2024 | Headlines, NS, PSR, STB, UP
(Source: Progressive Railroading, March 15, 2024) The Surface Transportation Board yesterday announced that it denied Union Pacific Railroad’s request to keep certain required, temporary employment-data reporting confidential. Meanwhile, Ancora Holdings Group LLC...
March 18, 2024 | BNSF, Headlines, Railroad Safety
(Source: Reuters, March 15, 2024) Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder...
March 18, 2024 | CPKC, Headlines, Long Trains
(Source: Daily Herald, March 17, 2024) One year into a hotly contested railroad merger, suburban leaders report lengthy and more frequent freight trains, and they’re preparing for a future deluge. Full story: Daily Herald
March 16, 2024 | Headlines, NS, PSR
(Source: Trains.com analysis by Bill Stephens, March 14, 2024) Ancora Holdings, the activist investor leading a proxy fight against Norfolk Southern, says it’s taking the high road and conducting a fact-based campaign to oust the railroad’s management. The reality is...
