May 9, 2024 | Headlines, NS, Railroad Safety
(Source: CNN, May 8, 2024) Just more than a year after a massive derailment of a Norfolk Southern freight train led to the release of tank cars full of toxic chemicals and increased attention to the issue of railroad safety, the control of the railroad is up for grabs...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern shareholders will decide Thursday morning (May 9) whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the...
April 25, 2024 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 22, 2024) Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall...
April 11, 2024 | Headlines, NS, Quarterly Income
(Source: Freight Waves, April 11, 2024) Norfolk Southern heads toward its May 9 annual meeting and the resolution of its battle with activist shareholder Ancora over control of the company with a public campaign that may have taken a hit Tuesday, judging from a...
April 11, 2024 | News, NS, NTSB, Railroad Safety
The National Transportation Safety Board is conducting a confidential survey of the Norfolk Southern workforce to evaluate the railroad’s safety culture. Surveys were sent to all NS craft employees on April 3, and the survey will conclude on April 19. BLET General...
April 8, 2024 | Headlines, NS, PSR
(Source: Trains.com, April 5, 2024) Norfolk Southern has pruned its intermodal network and made the operating ratio a key component of its executive compensation plans, the railroad announced yesterday amid its proxy battle with activist investor Ancora Holdings. NS...
April 2, 2024 | Furloughs, Headlines, NS, PSR
(Source: Trains.com, April 2, 2024) Norfolk Southern today urged shareholders to back its board and management team in its proxy battle, saying that the plans touted by activist investor Ancora Holdings amount to a “slash and burn” strategy that would hurt service and...
March 28, 2024 | CSX, Headlines, NS, Ports
(Source: Supply Chain Dive, March 27, 2024) When the collapse of Francis Scott Key Bridge disrupted operations at the Port of Baltimore on Tuesday, major railroad carriers kept freight flowing despite the inevitable risk of delays. CSX and Norfolk Southern are...
March 28, 2024 | Derailment, Headlines, NS, NTSB, Positive Train Control
(Source: Associated Press, march 26, 2024) The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes. None of the circumstances the National...
March 27, 2024 | CSX, Headlines, NS, Ports, Shippers
(Source: International Railway Journal, March 26, 2024) Class I railroads CSX and Norfolk Southern (NS) say that their customers should expect delays with some shipments following the tragic collapse of the I-695 Francis Scott Key Bridge, which spans the Patapsco...
