EAST PALESTINE, Ohio — National Transportation Safety Board Chair Jennifer Homendy sharply criticized Norfolk Southern today for the way it responded to the board’s investigation of the Feb. 3, 2023, hazardous materials derailment in East Palestine. NS stonewalled board requests for information, ran its own probe on the side in violation of NTSB rules, and […]
WASHINGTON – Virginia and Charlotte, N.C., have notified federal regulators that they intend to acquire portions of Norfolk Southern main lines in order to expand passenger and commuter service. In a filing with the Surface Transportation Board this week, the Virginia Passenger Rail Authority said its acquisition of the NS Manassas Line, as well as […]
ALTOONA, Pa. — Norfolk Southern introduced a new specially painted locomotive saluting its railroaders at an NS Family Day event at the Railroaders Memorial Museum in Altoona on Saturday, June 8. NS CEO Alan Shaw was on hand and spoke, and the railroad’s Southern and Virginian heritage units were also on display. The front of […]
ATLANTA — After the turmoil of Norfolk Southern’s proxy fight against an activist investor last month, the railroad’s Stefan Loeb says the shareholders’ vote showed confidence in management’s strategy. While board chair Amy Miles lost her position, Norfolk Southern’s management mainly prevailed in the vote to retain control of the Class 1 railroad, with Ancora […]
CHARLOTTE, N.C. — The city of Charlotte and Norfolk Southern have reached agreement for Charlotte to acquire NS’ O-Line route north of the city for use as a commuter rail line, WSOC-TV reports. An email from City Manager Marcus Jones informed officials in Mecklenburg County of the non-binding agreement on May 15; that email was […]
ATLANTA — Norfolk Southern and 40 of its shortline connections have produced outsized growth in carload traffic this year through a program that aims to improve interchange consistency and reliability. The Short Line Performance Project, which began as a pilot with a handful of railroads last July, has seen interchange volume grow 9% since March […]
ATLANTA – Former Canadian National CEO Claude Mongeau has been appointed chair of Norfolk Southern’s board of directors, the railroad announced today. The board unanimously chose Mongeau to lead the board, which has five new members — including three who were nominated by activist investor Ancora Holdings as part of its proxy battle with the […]
WASHINGTON — Norfolk Southern reached a $310 million settlement today with the U.S. Environmental Protection Agency and the Justice Department regarding cleanup and ongoing monitoring in East Palestine, Ohio, which was the site of a disastrous hazardous materials derailment last year. The agencies said the agreement, which must be approved by a federal court, holds […]
EAST PALESTINE, Ohio — Norfolk Southern on Thursday donated its station in East Palestine to the city, following up on a pledge made last year in the wake of the February derailment and chemical release in the community. The Times Leader newspaper reports that NS CEO Alan Shaw turned over the keys to the building […]
ATLANTA – Norfolk Southern CEO Alan Shaw trounced the activist investor’s chief executive candidate during last week’s proxy contest, according to a final tally of shareholder votes the railroad released today. Shaw received the backing of 64.1% of the investors who voted for board candidates in the days leading up to Thursday’s annual shareholder meeting. […]
ATLANTA — With a bruising proxy battle now behind it, Norfolk Southern now must deliver on the promises the railroad has made, CEO Alan Shaw said in a video message to employees today. “It was a good day for Norfolk Southern,” Shaw said of Thursday’s annual meeting of shareholders, where investors backed the railroad’s management […]
ATLANTA — Norfolk Southern shareholders delivered a split verdict today, sparing CEO Alan Shaw while electing three of activist investor Ancora Holdings’ insurgent director candidates and ousting its independent chair, Amy Miles. Investors sent a clear message that ends the bitter proxy fight. They backed Ancora’s desire for change but sought to give Shaw & […]
