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A northbound Kansas City Southern coal train rolls through Neosha, Ark. George R. Cockle Kansas City Southern operates 3,100 track miles in 10 central and southeastern states. The railroad stretches from its namesake city south through its hub of Shreveport, La., to Port Arthur, Texas, which it reached in 1897, and from New Orleans through […]
LAGUNA BEACH, Calif. – Norfolk Southern, which has struggled to maintain consistent and reliable service in recent years, will no longer tolerate mediocre operational performance, new CEO Mark George says. “The tolerance for poor performance inside of rails has always bothered me,” George said this morning in his first public remarks since replacing Alan Shaw […]
MELVINDALE, Mich. – Norfolk Southern hotshot 255 has a 2:20 a.m. date with destiny. It’s the last departure — ever — of a Triple Crown RoadRailer train. In the Detroit terminal at Oakwood Yard, crews have 95 of the bimodal trailers staged on three tracks, ready to be assembled into tonight’s train for the 715-mile […]
ATLANTA — RoadRailer has reached the end of the line. The last runs of Norfolk Southern Triple Crown RoadRailer trains 255 and 256 are scheduled to depart their respective terminals outside of Detroit and Kansas City on the weekend of Aug. 24-25. The freight the aging equipment carries — auto parts in general and particularly […]
ATLANTA — Norfolk Southern Chief Operating Officer John Orr has named three veteran officials to lead the railroad’s transportation team. Tim Livingston, who worked with Orr at Kansas City Southern and Canadian Pacific Kansas City, joins NS as senior vice president of transportation and network operations. Reporting to Livingston will be Rodney Moore, vice president […]
MONTREAL – Canadian National is confident that it has the resources necessary to handle this year’s grain harvest in Canada – which is expected to be larger than average – but says it has concerns about several issues that could crimp capacity. In its annual grain plan released today, CN warns that its main grain-hauling […]
Class I railroads’ volume trends in the second quarter varied considerably, with Norfolk Southern traffic up 5.1% and Canadian Pacific Kansas City down 4.2%, according to the railroads’ Association of American Railroads carload reports. Norfolk Southern’s volume was boosted by 8.2% year-over-year growth in intermodal traffic. Its carload volume, less coal, was up 1.7%. Coal […]
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 & […]
CLEVELAND — With less than a week to go in its Norfolk Southern proxy fight, activist investor Ancora Holdings has questioned the railroad’s service improvements, won support from a small proxy advisory firm, and sought to woo shareholders with a letter from CEO candidate Jim Barber Jr. NS has touted the pace of operational improvements […]
Norfolk Southern shareholders should elect five of an activist investor’s seven board candidates but retain embattled CEO Alan Shaw, proxy advisory firm Institutional Shareholder Services recommended today. If institutional shareholders follow the ISS guidance at the NS annual meeting on May 9, it would leave Ancora Holdings two seats short of a majority on the […]
