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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 […]
ST. PAUL, Minn. — A Minnesota bill to limit the length of freight trains has cleared its first legislative hurdle, passing a committee of the state’s House of Representatives on Tuesday. HF3499, introduced by Rep. Jeff Brand (Democratic-Farmer-Labor Party, St. Peter, Minn.), would limit trains to 8,500 feet, with penalties escalating from as little as […]
RICHMOND, Va. — Virginia Gov. Glenn Youngkin has vetoed the bill that would have required two-person crews for freight trains within the state, the news website Virginia Mercury reports. Youngkin said in a veto message issued March 8 that he took the action because the actions in the bill “appear premature and lack the necessary […]
VIDALIA, Ga. – Railroad labor union leaders today urged the Federal Railroad Administration to reject or at least severely restrict a proposal that would allow a pair of Genesee & Wyoming short lines to conduct intensive tests of Parallel Systems autonomous, self-propelled battery-electric freight cars. The Heart of Georgia and Georgia Central railroads last year […]
REDWOOD CITY, Calif. — Caltrain’s electrification process took another step forward the weekend of March 9-10, with successful testing of trains and catenary on the commuter line’s Redwood City-Mountain View segment, the agency announced Monday. Test runs beginning at 20 mph and increasing to the 79-mph speed limit were conducted, with a total of 25 […]
BOSTON — Massachusetts Bay Transportation Authority work on the rapid transit Green Line in February and March removed 11 speed restrictions and made unnecessary a planned suspension of service on the C Branch this fall, the MBTA said on Monday. The C Branch outage this fall is no longer needed because work eliminated a slow […]
WASHINGTON — Fourteen major transit projects in 11 states would receive almost $4 billion under President Joe Biden’s fiscal 2025 budget request to Congress, according to recommendations from Transportation Pete Buttigieg. Primary funding would come under the Capital Investment Grants and Expedited Project Delivery Pilot programs. “FTA looks forward to working with these communities to […]
FORT WORTH, Texas — BNSF Railway eliminated several hundred management positions at its headquarters and across the system last week as part of a belt-tightening move. The railroad did not disclose how many jobs were affected, but people familiar with the matter say that BNSF cut 8% of its management workforce. That would translate into […]
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 […]
SAN JOSE, Calif. — The Santa Clara Valley Transportation Authority has awarded a contract for construction of a 2.4-mile extension of its light rail system in East San Jose, despite a contract more than one-third higher than the agency’s original estimate. The VTA’s board last week unanimously approved the extension from the Alum Rock station […]
WASHINGTON — When the Surface Transportation Board names the members of its first Rail Passenger Advisory Committee, it will be worth remembering that the competition for places among the panels 18 voting members was fiercer for some seats than for others. As outlined in the January call for nominations, the panel has a very specific […]
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 […]
