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
Earlier this week, T-Mobile announced that it would be upgrading the 5G connection in Louisiana. Days later and the Un-carrier has announced the completion of its multi-year 5G network investment across Arkansas. This new feat cost $163 million and took three years to complete. Thanks to this, the state of Arkansas has improved 5G network that local businesses, schools, healthcare providers, first responders, and T-Mobile customers can experience. The [read full article]
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
Aaron Sorkin has announced that he’s currently writing a followup script to The Social Network, according to The Hollywood Reporter. He broke the news during an episode of The Town podcast that centered on how Facebook and social media have influenced democracy in the years since his Oscar-winning hit. The first film chronicled the early days of Mark Zuckerberg’s social network and starred Jesse Eisenberg, Andrew Garfield and Justin Timberlake, among others. Sorkin is cagey on the actual details...
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 […]
The activist investors trying to take control of Norfolk Southern are picking up key support
Norfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
The United Arab Emirates is expanding co-operation with BRICS partners in the field of information exchange. Emirates News Agency (WAM), the UAE's largest agenc