Norfolk Southern shareholders should elect five of an activist investor’s seven board candidates but retain embattled CEO Alan Shaw, proxy advisory firm Institutional Shareholder Services recommended today. If institutional shareholders follow the ISS guidance at the NS annual meeting on May 9, it would leave Ancora Holdings two seats short of a majority on the []Read More
Trains News Wire spoke with Union Pacific CEO Jim Vena after the railroad’s first quarter earnings call this morning. [See Union Pacific profits improve despite drop in coal.] UP introduced a Service Performance Index that showed how well the railroad met customer commitments during the quarter. The Intermodal Service Performance Index was 95%, while the []Read More
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 […]
Crews are evacuating residents within 500 feet of the incident.
Escapee elected to National Assembly talks about flight to the South, political goals.
“I have no issues with resurrecting 2014 culture,” “The Fault in Our Stars ” author told The Daily Beast’s Obsessed, while talking about his new movie.
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
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.
The outgoing city leader reflects on six years serving the island's District Five.