Norfolk Southern makes deal with investors to prevent another fight for control of the railroad
Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad
Norfolk Southern will add board seat in settlement with activist investor
Norfolk Southern and Ancora reached a “cooperation agreement” in which the two will “work together to identify an independent director” to join the board.
Ancora, Norfolk Southern strike settlement deal to avert proxy fight
Norfolk Southern and activist investor Ancora struck a deal to avert a proxy fight at the railroad. Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said.
Norfolk Southern to add board member in deal with activist Ancora Holdings
The Atlanta-based railroad operator announced Thursday, Nov. 14, that under a cooperation agreement reached following what it termed "constructive engagement," Norfolk Southern and Ancora "will work together to identify an independent director" to join the company's board.
Norfolk Southern Reaches Deal with Activist Investor Firm
The Cleveland-based investment firm had sought to remove then-CEO Alan Shaw early in 2024, moves before he was eventually ousted by the railroad.
Atlanta-based Norfolk Southern makes deal with investors to prevent another fight for railroad's control
Atlanta-based Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year's campaign to take control of the railroad.
Norfolk Southern makes deal with investor to prevent another fight for board control
Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad.
Norfolk Southern to Add New Director Under Settlement Deal With Ancora
Norfolk Southern (NSC) said Thursday that it struck a cooperation agreement with activist shareholder Ancora Holdings that will see the two parties collaborate on identifying a new independent director.
Birmingham woman says gates never went down, Norfolk Southern Train nearly hit her
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Norfolk to add new board member in settlement with activist investor
Following the agreement, Ancora will withdraw its nomination of four candidates for election to Norfolk's board, the company ...
Norfolk Southern rule that railcars be inspected in less than a minute sparks safety concerns
Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this ...
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Lower emissions, more power: Norfolk Southern, Alstom, NENY team on hybrid train project
cleaner rail options,” said Norfolk Southern Chief Sustainability Officer Josh Raglin. “Thanks to the FRA’s CRISI grant ...
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Norfolk Southern
and test laboratory at the ports’ rail-served Jeffersonville, Ind., Norfolk Southern (NS) and Alstom have partnered to convert two 50-year-old GP 38/40 locomotives to hybrid technology.
Norfolk Southern’s 1-minute railcar inspection rule draws safety concerns
Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this ...
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Atlas Norfolk Southern SD60E in N scale
The Atlas Norfolk Southern SD60E is now available in the N scale Master Line. The model is based on railroad-rebuilt ...
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Train Collides With Tractor-Trailer At Rutherford Yard In Swatara Township
Emergency crews responded to a crash involving a train and a tractor-trailer in Dauphin County on Tuesday, Nov. 12, according ...