WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman says he’s concerned about reports that an activist investor plans to launch a proxy fight to oust Norfolk Southern CEO Alan Shaw. “Is this an investor whose goal it is to reinstate the bad old days when the marching orders to the C-suite were to cut, […]
An activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors that includes former […]
WASHINGTON – The Surface Transportation Board today issued a decision that extends the temporary reporting of employment data through the end of the year and that requires certain updated information from BNSF Railway, CSX, Norfolk Southern, and Union Pacific. The board originally required the big four U.S. Class I railroads to submit employment information beginning […]
Norfolk Southern, the Brotherhood of Locomotive Engineers and Trainmen, and the SMART-TD union will participate in the Federal Railroad Administration’s Confidential Close Call Reporting system, or C3RS, the railroad and labor unions said in a joint statement today. “NS is proud to partner with our labor leaders and FRA to make another industry-leading advancement in […]
ATLANTA – Norfolk Southern service and safety improved in the fourth quarter, but higher operating costs, lower revenue, and the impact of ongoing expenses related to the East Palestine, Ohio, derailment dragged down earnings. “Last year was historically challenging, with a major derailment to start off the year, followed by network disruptions and compounded by […]
ATLANTA — Norfolk Southern told employees today that it will eliminate 7% of its management and staff positions as a cost-cutting move. The railroad is set to publicly announce the cutbacks during its fourth-quarter earnings call on Friday morning. NS is offering voluntary severance packages to eligible employees, according to people familiar with the matter. […]
WASHINGTON —The Surface Transportation Board has called for Amtrak, CSX, Norfolk Southern, and the Port of Mobile, Ala., to provide “detailed information regarding the status of the implementation of the settlement agreement” agreed to in November 2022 to allow Amtrak service to begin between New Orleans and Mobile, Ala. — and scheduled a February hearing […]
Wabash Railway passenger trains: All through January 2024, Classic Trains editors are celebrating the history and heritage of the Wabash. Please enjoy this photo gallery of Wabash Railway passenger trains, originally published online in May 2019. […]
LOMBARD, Ill. — A lot has happened since Class I railroads averted a strike in 2022. CEOs and other officials at the Midwest Association of Rail Shippers Winter Meeting were happy to point to progress in labor relations. Which is good, because — believe it or not — the whole national contract process is about […]
LOMBARD, Ill. — Notes from Day 1 of the Midwest Association of Rail Shippers Winter Meeting: Border battle Union Pacific found itself involved in headlines not of its own making in December when U.S. Customs and Border Protection shut down border rail gateways at Eagle Pass and El Paso, Texas, quickly throwing U.S-Mexico rail traffic […]
ATLANTA — Norfolk Southern partnered with 62 customers to complete industrial development projects worth $3.1 billion last year, the railroad said. “Norfolk Southern worked with customers and economic development partners to facilitate broad-based industrial development in 2023 and set the stage for growth in 2024,” NS Chief Marketing Officer Ed Elkins said in a statement […]
ATLANTA — Norfolk Southern on Thursday released its inaugural Climate Transition Plan, which calls for significant improvements in fuel efficiency and increased use of renewable energy and biofuels. “Reducing the environmental impact of our operations is driven by our commitment to a cleaner and better planet for our employees, our customers, and our communities for […]
