April 26, 2023 | CEO Pay, Headlines, PSR
(Source: Trains Magazine, April 24, 2023) The publicly traded U.S. Class I railroads are putting more of an emphasis on service and volume growth in the annual incentive plans they offer to their executives. It’s a clear sign, analysts say, that the railroads are...
April 10, 2023 | CEO Pay, East Palestine-NS, Headlines, NS
(Source: CNN, April 6, 2023) Part of the deal with being the boss is you get paid top dollar in exchange for taking on the most risk. In theory, at least. But the pandemic era has, in many cases, flipped that idea on its head. Recent filings illustrate the way CEOs...
March 13, 2023 | CEO Pay, East Palestine-NS, Headlines, NS, PSR, Quarterly Income
(Source: Scripps News, March 8, 2023) A Scripps News investigation found that Norfolk Southern told the Securities and Exchange Commission (SEC) in a proxy filing that one reason top executives were given large cash awards was because of the company’s “record...
December 14, 2022 | CEO Pay, Headlines, NS
(Source: The AM Reporter, December 13, 2022) Norfolk Southern Co. Director James A. Squires sold 21,272 shares of Norfolk Southern stock in a transaction dated Thursday, December 8. The shares were sold at an average price of $245.76, for a total value of...
September 16, 2022 | CEO Pay, CSX, Headlines
(Source: Railway Age, September 15, 2022) CSX on Sept. 15 reported that as “part of a planned succession process,” Joseph R. Hinrichs will become President and CEO, succeeding James M. Foote, effective Sept. 26. Full story: Railway Age
August 8, 2022 | CEO Pay, Headlines, NS
(Source: Defense World, August 6, 2022) Norfolk Southern Co. Director James A. Squires sold 105,420 shares of the stock in a transaction that occurred on Tuesday, August 2. The stock was sold at an average price of $248.81, for a total value of $26,229,550.20....
July 15, 2022 | CEO Pay, Contract Negotiations, National Negotiations 2019, News
INDEPENDENCE, Ohio, July 15 — On Tuesday, July 12, 2022, BLET National President Dennis R. Pierce traveled to Washington D.C. to represent the membership of the Brotherhood of Locomotive Engineers and Trainmen at the Public Interest Hearings held by the National...
July 8, 2022 | CEO Pay, Headlines, NS
(Source: Knox Daily, July 7, 2022) Norfolk Southern Corporation shares valued at $241,840 were sold by Alan H. Shaw on June 1, 2022. At $241.84 per share, Shaw sold 1,000 shares. The insider’s holdings dropped to 34,255 shares worth approximately $7.73 million...
June 7, 2022 | CEO Pay, Headlines, NS
(Source: Market Beat, June 2, 2022) NEW YORK — Norfolk Southern Co. CEO Alan H. Shaw sold 1,000 shares of Norfolk Southern stock in a transaction on Wednesday, June 1. The shares were sold at an average price of $241.84, for a total transaction of $241,840.00....
April 27, 2022 | CEO Pay, CN, Headlines
(Source: Associated Press, April 20, 2022) OTTAWA — Canadian National Railway Co. paid top executives, including outgoing CEO Jean-Jacques Ruest, sizable bonuses last year for the first time since 2018. Mr. Ruest received a bonus of $2.32-million in 2021 as part of a...
