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...
March 27, 2024 | Derailment, Headlines, NS, NTSB
(Source: Trains.com, March 26, 2024) The National Transportation Safety Board is looking at Norfolk Southern rules, procedures, and crew training relating to train handling as it continues its investigation into the collision and derailment involving three trains that...
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, 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 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...
