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CINCINNATI — The city of Cincinnati’s sale of the Cincinnati Southern Railway to Norfolk Southern has been completed. Paul Muething, president of the Cincinnati Southern board of trustees, said in a statement available on the railway website that the board received the $1.6 billion payment from NS, plus $20 million in deferred transaction fees, on […]
WASHINGTON — Parties in the settlement intended to lead to the start of Gulf Coast passenger service said in a status report to the Surface Transportation Board that negotiations between Amtrak and the city of Mobile for a lease of downtown city land “are continuing to move forward.” The report filed Friday by Amtrak, Norfolk […]
ATLANTA — Norfolk Southern has named Betsy Talton-Buck as vice president and chief communications officer, and Angie Kolar as vice president and chief compliance officer. The appointments, announced Friday, March 15, are effective on Tuesday, April 9. Both positions report to Nabanita Nag, executive vice president, corporate affairs and chief legal officer. Talton-Buck was previously […]
WASHINGTON — Ancora Holdings, which is leading an activist investor group that’s fighting a proxy battle to oust Norfolk Southern’s management, has responded to Surface Transportation Board Chairman Martin J. Oberman’s request for a meeting about its plans for the railroad. “We suggest a discussion with yourself and the continuing Board Members once we have […]
ALBANY, N.Y. — New York will fund some $111.1 million for 38 rail and port infrastructure improvement projects — the largest amount ever awarded under the state’s Passenger and Freight Rail Assistance Program — Gov. Kathy Hochul announced Tuesday. The projects address safety and resilience, support efforts to move freight traffic from truck to rail, […]
Ancora Holdings, the activist investor leading a proxy fight against Norfolk Southern, says it’s taking the high road and conducting a fact-based campaign to oust the railroad’s management. The reality is that Ancora is stuck on the misinformation highway with a safety white paper that makes several claims that can’t hold up to scrutiny. Ancora’s […]
WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman says he’s disappointed that executives from Ancora Holdings, the activist investor firm engaged in a proxy battle with Norfolk Southern, have yet to schedule a meeting to discuss its goals for the railroad. Ancora Holdings Group Chairman and CEO Frederick DiSanto and Ancora Alternatives President James […]
WASHINGTON — The Transportation Trades Division of the AFL-CIO today urged Norfolk Southern shareholders to reject an activist investor’s bid to gain control of the railroad. Ancora Holdings, which has been critical of Norfolk Southern’s response to the Feb. 3, 2023, hazardous materials derailment in East Palestine, Ohio, as well as the railroad’s lagging financial […]
AKRON, Ohio — A federal court has ruled against Norfolk Southern in a suit seeking to share cleanup costs for the February 2023 East Palestine derailment with railcar owners and the maker of the vinyl chloride involved in the incident. In a decision filed Wednesday, Judge John R. Adams of the U.S. District Court for […]
CLEVELAND — Continuing attacks on current management at Norfolk Southern, board nominees of investor Ancora Holdings have issued a “white paper” on last Saturday’s three-train NS collision in Pennsylvania in which they outline what they say would be safety upgrades at the railroad and question the current operating culture. The investment group launched a proxy […]
LOWER SAUCON TOWNSHIP, Pa. — A National Transportation Safety Board investigator has filled in town officials on additional details of last weekend’s incident collision and derailment involving three Norfolk Southern trains, saying a total of nine railcars derailed in the incident, WFMZ-TV reports. Ruben Payan, who is leading the NTSB team looking at train operations, […]
WASHINGTON — The controlled burn of vinyl chloride following last year’s derailment in East Palestine, Ohio, was unnecessary, National Transportation Safety Board chair Jennifer Homendy told a Senate hearing today — and might have been avoided with better communication. Homendy, testifying at a Committee on Commerce, Science, and Transportation hearing on NTSB investigations, said in […]
