Trains sat down with Norfolk Southern CEO Alan Shaw and new Chief Operating Officer John Orr today to discuss the railroad’s strategy and response to activist investor Ancora Holdings. Ancora has launched a proxy battle to gain control of the Norfolk Southern board, and wants to appoint former UPS executive Jim Barber Jr. as CEO []Read More
Crews are evacuating residents within 500 feet of the incident.
He saved the man in the span of only four seconds
By Jerrie Whiteley Herald Democrat Grayson County commissioners Tuesday agreed increase the salary for the second in command in the county’s Office of Emergency Management.… Login to continue reading Login Sign up for complimentary access Sign Up Now Close
ATLANTA — Norfolk Southern executives today outlined steps they will take over the next six months to improve operations and service while wringing out $250 million in costs. NS is under pressure to show improvements amid a proxy battle with activist investor Ancora Holdings, which has been critical of the railroad’s lagging financial and operational []Read More
WASHINGTON — Well, you can bet there will be interesting discussions going on in Norfolk Southern locomotive cabs today. Just hours after the Brotherhood of Locomotive Engineers and Trainmen reversed course and said it would back activist investor Ancora Holdings in its bid to oust Norfolk Southern management, the SMART-TD union that represents conductors said []Read More
The Nimitz-class aircraft carrier USS George Washington (CVN 73) with embarked Carrier Strike Group (CSG) 10 and Carrier Air Wing (CVW) 7 departed Naval Station Norfolk, April 25 to deploy to the U.S. Southern Command area of responsibility as a part of Southern Seas 2024.
The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.
NSC faced a decline in revenue in 2024 due to lower fuel surcharge revenues but expects growth for the rest of the year. Operating expenses have varied, with materials expenses rising and claims expenses dropping. Income fell significantly due to Incident-related costs and restructuring charges. Management is focusing on growth strategies and risk assessment. Key […]
Trains carrying loads of coal bring with them higher rates of asthma, heart disease, hospitalization and death for residents living nearest the rail lines, according to a new study from the University of California, Davis.
The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
ST. GEORGE — The state of Utah leads the country in enrollment growth, according to a study by Michael Dinich, a personal finance journalist and CEO/founder of Wealth of Geeks. Supporting this fact is recent data from the Utah System of Higher Education, which indicates a 2.05% average increase in enrollment across its technical colleges, […]