ATLANTA — Norfolk Southern has acquired Great Lakes Reload’s Chicago transload warehouse facility, which handles inbound loads of steel and outbound loads of agricultural and construction equipment. NS said the deal, announced on Tuesday, advances its strategy to convert so-called flexible freight to rail. Flexible freight can move via truck or rail. “Transloading solutions play […]
ATLANTA – 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 safety. Ancora wants to gain control of the NS board and name former UPS executive […]
Carl Jensen, manager of the Norfolk Southern Steam Program from 1986 to 1994, died on March 25, 2024, in Roanoke, Va. He was 87. His leadership was instrumental in guiding the program, and the travels of locomotives Nos. 611 and 1218, almost to its end. He also had a lengthy association with the National Railway […]
WASHINGTON — 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 occurred March 2 in Lower Saucon Township, Pa., according to the preliminary investigation report issued today (Tuesday, March 26). The […]
CLEVELAND — An activist investor group says its proposed Norfolk Southern management team would improve the railroad’s operations, service, and profitability by jettisoning CEO Alan Shaw’s resilience strategy and adopting the low-cost Precision Scheduled Railroading operating model. In a letter to shareholders today, Ancora Holdings says its plan for NS would cut costs, focus on […]
BALTIMORE — The tragic collapse of the Francis Scott Key Bridge today (March 26) after a ship strike has cut off the Port of Baltimore’s busiest terminals from Chesapeake Bay and the Atlantic Ocean beyond. At least six people remain unaccounted for after the container ship Dali struck the bridge about 1:28 a.m. today, CNN […]
ATLANTA — Norfolk Southern has increased the length of its grain shuttle trains to 105 cars from 85, a move that allows the railroad to handle 23% more grain in each train. “We’re unlocking capacity to handle more business for both our current and prospective customers,” Chief Marketing Officer Ed Elkins said in a statement. […]
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 Street analysts say. NS on Wednesday announced that Canadian Pacific Kansas City executive John Orr would become its chief operating officer, effective immediately. Orr […]
ATLANTA — Norfolk Southern has issued a letter and launched a website with information urging the shareholders to vote for the railroad’s slate of board nominees in the proxy fight with a group of activist investors, and set May 9 as the date for its annual shareholders meeting that will determine the outcome of that […]
ATLANTA — Norfolk Southern today named Canadian Pacific Kansas City executive John Orr as its chief operating officer in a bid to thwart an activist investor group led by Ancora Holdings. CEO Alan Shaw said Orr is committed to providing customers with a high level of service as part of the railroad’s resiliency-based growth plan. […]
ATLANTA — 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 Railroading operations background — which is prized on Wall Street — to Norfolk Southern as the company […]
CINCINNATI — The city of Cincinnati’s sale of the Cincinnati Southern Railway to Norfolk Southern has been completed. Paul Muething, president of the Cincinnati Southern board of trustees, said in a statement available on the railway website that the board received the $1.6 billion payment from NS, plus $20 million in deferred transaction fees, on […]
