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...
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...
March 8, 2024 | East Palestine-NS, Headlines, NS
(Source: Associated Press, March 7, 2024) Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled. The decision issued March 6 threw out the railroad’s claim that the...
March 4, 2024 | Derailment, Headlines, NS, NTSB
(Source: Lehigh Valley News, March 3, 2024) Investigators with the National Transportation Safety Board continued work Sunday to determine why three freight trains collided and derailed near Steel City on March 2. Shortly after 7 a.m. Saturday, an eastbound freight...
March 4, 2024 | BNSF, Furloughs, Headlines, NS, PSR, Railroad Safety, STB
(Source: Associated Press, March 1, 2024) The latest rail layoffs this week, combined with an investment fund’s ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about the effects all the cuts might have on safety and...
March 1, 2024 | Headlines, NS, PSR
(Source: Trains.com analysis by Bill Stephens, February 27, 2024) The proxy battle that activist investor Ancora Holdings is waging against Norfolk Southern isn’t just about the direction NS should take and who should run the company. It’s a fight for the future of...
March 1, 2024 | Headlines, NS, PSR, STB
(Source: Trains.com, February 29, 2024) The activist investors targeting Norfolk Southern pose a threat to the railroad industry and the U.S. economy and may prompt new regulations, outgoing Surface Transportation Board Chairman Martin J. Oberman told a shipper...
March 1, 2024 | Headlines, NS, PSR
(Source: Trains.com, February 29, 2024) Norfolk Southern CEO Alan Shaw, who has been a punching bag for the activist investors who are trying to oust him, defended the railroad’s growth strategy at a shipper conference today. Full story: Trains.com
February 29, 2024 | East Palestine-NS, News, NS, PSR
The BLET General Chairmen who represent members at Norfolk Southern (NS) have taken the side of current railroad leadership as hedge fund Ancora Holdings attempts to take over the company and double-down on Precision Scheduled Railroading. Earlier this month,...
