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Proxy fight to play out for control of Norfolk Southern railroad at May shareholders meeting

An unusual proxy fight is about to take place for control of Norfolk Southern railroad amid a report critical of company leadership that calls for a change in management.

Pennsylvania , United-states , San-francisco , California , East-palestine , Ohio , Lehigh-river , Allentown , Amy-miles , William-clyburn-jr , Betsy-atkins , Gilbert-lamphere

Norfolk Southern CEO should go, Glass Lewis says in backing Ancora nominees

Glass Lewis endorsed the slate of Ancora Holdings, the hedge fund seeking changes at the rail giant

Alan-shaw , Ancora-holdings , Associated-press , Reuters , Norfolk-southern , Glass-lewis , Wall-street-journal , Orfolk , All-street-journal , Usiness , Inance

Norfolk Southern to hold train-derailment response sessions in Northampton County, McClure says

The railroad is going to hold two training sessions in Northampton County on how to respond to derailments, County Executive Lamont G. McClure said.

Canada , Ohio , United-states , University-of-findlay , Canadian , John-orr , Lamontg-mcclure , Alan-shaw , Hazards-training-center , New-york-stock-exchange , Norfolk-southern , York-stock-exchange

Norfolk Southern to Shareholders: Reject Activist Board Nominees

At the center of the board battle is the controversial precision scheduled railroading (PSR) system, which Ancora wants to implement.

United-states , Ohio , East-palestine , American , Alan-shaw , Lawrence-gross , Jamie-boychuk , Amy-miles , Paul-duncan , Mary-kathryn-heidi-heitkamp , Jim-barber , Richardh-anderson

Norfolk Southern urges shareholders to reject activist investor's takeover plan at the railroad

Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take over the railroad. The Atlanta-based railroad urged shareholders to reject Ancora Holdings' eight board nominees when it filed its proxy Monday morning with the Securities and Exchange Commission. “We are confident that the continued execution of our balanced strategy – under the vision and leadership of Alan Shaw – is critical as we prioritize operational rigor, safety, and service,” said board chair Amy Miles.

Ohio , United-states , East-palestine , Jim-barber , Alan-shaw , Amy-miles , Martin-oberman , Jamie-boychuk , Norfolk-southern , Railroad-administration , Brotherhood-of-railroad-signalmen , Ancora-holding

Activists Want to 'Move Norfolk Southern Forward' With Board, CEO Overhaul

A year after a major train derailment, the rail company is under fire from Ancora Holdings for lagging rivals in financial performance.

East-palestine , Ohio , United-states , Alan-shaw , Jamie-boychuk , Sameh-fahmy , Paul-duncan , Jim-barber , Joe-biden , John-kasich , Pitney-bowes , Kansas-city-southern

Norfolk Southern defends makeup of its board, mum on possible CEO change

Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment. The post Norfolk Southern defends makeup of its board, mum on possible CEO change appeared first on FreightWaves.

Jim-barber , Mitchell-daniels-jr , Jennifer-scanlon , Michael-lockhart , Alan-shaw , Christopher-jones , Jamie-boychuk , Paul-duncan , Ancora-group-holdings , Safety-committee , Norfolk-southern-corp , Exchange-commission

Ohio-based investor group moves to replace Norfolk Southern leaders, cites 'poor' decisions by execs

An investment firm with a stake in Atlanta-based Norfolk Southern is proposing a full replacement of the board and certain executives.

Cleveland , Ohio , United-states , East-palestine , Jamie-boychuk , Jim-barber , Alan-shaw , Exchange-commission , Norfolk-southern , Atlanta-based-norfolk-southern , Ncora , Lan-shaw

Activists Gunning for Control of Norfolk Southern and Ouster of CEO

Activist investors led by Ancora Holdings are pushing for a board overhaul at Norfolk Southern, as well as the ouster of CEO Alan Shaw.

Ohio , United-states , East-palestine , Sameh-fahmy , Tom-kingsbury , John-kasich , Michelle-gass , Alan-shaw , Environmental-protection-agency , Kansas-city-southern , Us-justice-department , Ancora-holdings

Renewed calls to pass rail safety reform one year after East Palestine train derailment

A year after a hazardous train derailment in Ohio, legislation meant to improve safety measures remains stuck in the Senate.

East-palestine , Ohio , United-states , White-house , District-of-columbia , Pennsylvania , American , Sherrod-brown , Alan-shaw , Railway-safety-act , Norfolk-southern , Association-of-american-railroad