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 the railroad industry. The Cleveland-based activist investor seems to be taking the position that railroads shouldn’t grow. They argue that intermodal, […]
INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen today said it will “vigorously oppose” an activist investor’s attempt to gain control of the Norfolk Southern board and oust CEO Alan Shaw and Chief Operating Officer Paul Duncan. Cleveland-based Ancora Holdings is waging a proxy battle and has proposed a slate of eight directors […]
ATLANTA — Amid its proxy fight with an activist investor, Norfolk Southern today nominated former Amtrak and Delta Air Lines CEO Richard Anderson and former U.S. Sen. Heidi Heitkamp to serve on the company’s board of directors. The NS board also confirmed its unanimous support for CEO Alan Shaw and the railroad’s “better way forward” […]
FRONT ROYAL, Va. — The Brotherhood of Railroad Signalmen has become the first rail labor union to come out against the activist investor group that’s plotting to oust Norfolk Southern CEO Alan Shaw and gain control of the railroad’s board. The union today expressed “grave concern” with Ancora Holdings’ proxy battle. The union said Ancora […]
The ScaleTrains HO General Electric ES44AC diesel locomotive is the subject of our latest Product Review video. Join Model Railroader Senior Editor Cody Grivno as he shares a brief history of Norfolk Southern 8104, points out the details on the Rivet Counter line model, demonstrates the sound and light functions, and uses the contemporary six-axle […]
WASHINGTON — Federal Railroad Administrator Amit Bose, in a Wednesday letter to Norfolk Southern CEO Alan Shaw, has cautioned against “backsliding, as a result of a change in leadership or otherwise, on the safety-oriented path” the railroad has established since the February 2023 East Palestine derailment. Bose’s letter comes in response to an effort by […]
CLEVELAND — Activist investor Ancora Holdings Group, which seeks to oust current Norfolk Southern CEO Alan Shaw, would replace him with former United Parcel Service President Jim Barber Jr., the investment group said today in announcing its slate of eight candidates for the company’s board of directors. Jamie Boychuk, former CSX executive vice president of […]
Nearly three years after Amtrak said it would launch Gulf Coast service with or without host railroad cooperation, its passenger trains still are not running between Mobile, Ala., and New Orleans. And as the saga drags on you have to wonder if they ever will. After years of frustration with CSX, Amtrak in 2021 took […]
WASHINGTON — Surface Transportation Board Chairman Martin Oberman was so disappointed in the lack of information provided at Wednesday’s board hearing into the status of Amtrak Gulf Coast service that he ordered the parties to come back in 30 days with a detailed report to address the board’s unanswered questions. “I’ve negotiated a lot of […]
AURORA, N.C. — Fourteen cars of a Norfolk Southern train derailed early Saturday morning near the town of Aurora, leading to a leak of molten sulfur from one car. WITN-TV reports the derailment occurred about 1 a.m. Beaufort County Public Information Officer Brandon Tester told the station the sulfur hardened as it met the cold […]
Valentine’s Day gift guide With Valentine’s Day coming up, you may be at a loss when it comes to buying a gift for that special someone. Chocolates and flowers are blasé. Dinner and a movie? Sure, but that only lasts a few hours. A mixtape? Come on, it’s 2024, making a Spotify playlist takes seconds. […]
ATLANTA — Norfolk Southern replaced 556 miles of rail last year, the highest tally since 1990, the railroad said today. NS’s capital production gangs broke productivity records by laying 35 more track miles of rail than in 2022, while using the same number of rail installation teams. “The Norfolk Southern Engineering Department truly came together […]
