Norfolk Southern on Feb. 26 filed preliminary proxy materials (Schedule 14A) with the Securities and Exchange Commission (SEC) in connection with its upcoming 2024 Annual Meeting of Shareholders, to be held in
Editor’s Note: As expected, things are getting ugly. The latest press release from Ancora Holdings Group, LLC is taking the personal attacks on Norfolk Southern President and CEO Alan Shaw to a
Chicago’s Metra has awarded a contract to Stadler U.S. for zero-emission, battery-electric (BE) single-level trainsets and as such “will be one of the first in the nation to operate this innovative technology.”
At its 4Q/Full-Year 2023 earnings presentation, Union Pacific said it would invest $3.4 billion in capital this year. On Feb. 21, UP confirmed its plan to “support safe operations, renew assets and
On Feb. 21, three days after Ancora Holdings announced its intention to replace a majority of the Norfolk Southern Board of Directors and the railroad’s chief executive and chief operating officers, Federal
Ohio-based Ancora Holdings Group LLC, with affiliates and other participants—collectively called the “Investor Group”—on Feb. 20 launched a formal takeover attempt of Norfolk Southern, announcing eight prospective board members, a new CEO
Pipelines can flow freely. They can have blockages. And they can leak. For railroads, those three conditions usually mean, respectively, a network with good velocity, or one experiencing service disruptions and losing
PT Kereta Indonesia (PT KAI) has awarded a contract to Progress Rail, a Caterpillar Company, for 54 EMD® GT38AC freight locomotives for service in South Sumatra, Indonesia, expanding the national railway’s existing
Palmetto Railways (PR), a division of the South Carolina Department of Commerce and Railway Age’s 2015 Short Line Railroad of the Year, is partnering with Innovative Rail Technologies (IRT) to convert two diesel-electric switcher
CSX has extended its AC4400 modernization program with Wabtec to give the remaining 200-plus locomotives in its 460-plus unit fleet improved fuel efficiency, reliability, utilization and tractive effort. Wabtec will perform the
