Norfolk Southern shareholders back CEO Alan Shaw but give activist investors three board seats (updated)

ATLANTA — Norfolk Southern shareholders delivered a split verdict today, sparing CEO Alan Shaw while electing three of activist investor Ancora Holdings’ insurgent director candidates and ousting its independent chair, Amy Miles. Investors sent a clear message that ends the bitter proxy fight. They backed Ancora’s desire for change but sought to give Shaw & […]

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Maersk begins planning for possible Canadian rail strike

Logo for container shipping company Maersk

COPENHAGEN, Denmark — Shipping and logistics company Maersk has begun developing contingency plans for a possible strike by Canadian National and CPKC crews in Canada, including having ships call at Tacoma, Wash., rather than Vancouver, British Columbia. In a customer advisory, Maersk said it is working with CN, CPKC, and terminal operator DP world to […]

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U.S. weekly rail traffic flat for week ending May 4

Weekly table showing U.S. carload traffic by commodity types, plus intermodal totals

WASHINGTON — U.S. rail traffic was even with 2023 levels for the week ending May 4, according to the Association of American Railroads, ending a streak of 14 straight weeks showing gains over previous-year levels. Traffic for the week was 463,106 carloads and intermodal units. That included 213,410 carloads, down 5.1% from the corresponding week in […]

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Transtar’s East Ohio Valley Railway to grow

Map of East Ohio Valley Railway

PITTSBURGH — East Ohio Valley Railway, one of the seven railroads of Transtar LLC, will more than double its operating mileage through a long-term lease of rail lines in the Powhatan Point, Ohio, area, Transtar has announced. The East Ohio Valley, currently 12.2 miles, will add a total of 18 miles through lease from Norfolk […]

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Shippers express disappointment with STB reciprocal switching rule

Crew member on ground next to locomotive

DUNKIRK, Md. – The Surface Transportation Board’s reciprocal switching rule for inadequate rail service is a “missed opportunity,” the National Industrial Transportation League says. The final rule, adopted last week, is designed to incentivize Class I railroads to maintain service levels or face the possibility that a sole-served shipper in a terminal area will seek […]

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News & Products for the week of May 6th 2024

A collection of model passenger cars in various paint schemes

News & Products for the week of May 6th 2024   Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. The following are the products Model Railroader editors have news on for the week of May 6th […]

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