Norfolk Southern (NS) on Nov. 14 reported entering into a “cooperation agreement” with Ancora Holdings Group, LLC (together with certain of its affiliates; Ancora) in which the organizations will work together to identify
Norfolk Southern (NS) hosts the Rail Coalition of Advanced Safety Technology (RailCAST) meeting in Georgia. Also, BNSF’s Hobart and Fresno facility teams in California celebrate safety achievements, and its dimensional clearance team is recognized by the Railroad Industrial Clearance Association.
As we predicted last month, shareholders resoundingly rejected an attempt by activist investor Ancora to take control of Norfolk Southern’s board and fire CEO Alan Shaw at Norfolk Southern’s annual meeting this
May 8, 2024: With its Annual Meeting of Shareholders just hours away, Norfolk Southern in the past few days has ramped up its efforts to convince shareholders to reject the takeover attempt
In our prior report, we highlighted Ancora’s fraught and incurious NS vs. CSX operational benchmarking, specifically terminal dwell and trains holding for power. We took particular issue with the extraordinarily misleading 2023
ISS—not the International Space Station weighing in from 1.33 million feet (246 miles) above the earth’s surface in orbit, but that other ISS, proxy advisory firm Institutional Shareholder Services—is endorsing seven of
On April 18, Ancora hosted a townhall in New York City for Norfolk Southern stockholders, and during that meeting [potential new NS board member] Gil Lamphere implored the audience to read the
Little Rock, Ark.-based analyst Stephens Inc. on April 4 released the results of a survey, Rail Shipper Survey on the Activist Campaign at NSC, conducted with Norfolk Southern shippers that indicates a
Ancora Holdings Group LLC, which has launched a formal takeover attempt of Norfolk Southern (NS), issued a statement critical of the railroad’s safety record and calling for the removal of CEO Alan
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
