May 16, 2024 | Furloughs, Headlines, PSR
(Source: Office of U.S. Senator Tammy Baldwin (D-WI), May 15, 2024) Today, U.S. Senator Tammy Baldwin (D-WI) called on the six Class I railroads to address severe staffing shortages that are endangering workers, increasing the risk of derailments and accidents, and...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away. Full...
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...
May 3, 2024 | Headlines, PSR, STB
(Source: Surface Transportation Board press release, April 26, 2024) Surface Transportation Board Chairman Martin J. Oberman announced today that he will retire from the Board on May 10, 2024. He informed President Joseph R. Biden, Jr. of his plans by letter earlier...
April 8, 2024 | Headlines, PSR, Shippers
(Source: Trains.com, April 5, 2024) Recent research on potential 2030 scenarios for North American Class I railroads shows that focusing on growth — backed by a cost-efficient and reliable operation — is the only strategy likely to lead to long-term value creation....
April 8, 2024 | Canada, Headlines, Ports, PSR, Shippers, Teamsters Canada
(Source: The Load Star, April 5, 2024) A surge of imports meeting strained rail capacity has pushed up container dwell times at North American west coast ports, especially in Vancouver. Full story: The Load Star
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 27, 2024 | 2-man Crews, C3RS, Legislation, News, PSR, Railroad Safety
On March 13, the House Transportation & Infrastructure Rail Subcommittee hosted a roundtable discussion to examine safety issues in the railroad industry. BLET Vice President & National Legislative Representative Vince Verna represented BLET. During his...
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...
