Ancora didn’t oust Norfolk Southern’s Shaw at first but ultimately succeeded
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.
Norfolk Southern’s final RoadRailer train left Detroit early Sunday morning for the 715-mile run to Kansas City, Missouri.
The agreements were announced just days after CSX completed early deals with its unions as labor flexes its newfound strength with employers following the pandemic.
The U.S. Justice Department is taking Norfolk Southern to court, alleging the railroad’s delays of Amtrak’s Crescent violate federal law.
Norfolk Southern highlights ways it’s creating sustainable growth through investments in people and technology.
Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter.
The Biden administration is calling railroad executives to Washington to explain how they plan to reverse negative cargo trends and grow their business.
Norfolk Southern’s Stefan Loeb discusses rail growth strategies at FreightWaves’ Future of Supply Chain event.
Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.
A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.
New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight.
A preliminary report on how Norfolk Southern did in the first quarter comes as the showdown over its future nears a climax.
Norfolk Southern announced Tuesday that it will pay a $600 million settlement of a class-action lawsuit after a train derailed in East Palestine, Ohio, in February 2023.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, saying the president waited too long to visit the site of a train derailment.
Activist pressure and focus on OR are at odds with optimal service levels.