Norfolk Southern shareholders back CEO Alan Shaw but give activist investors three board seats (updated)

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 & […]

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News photos: ‘Empress’ in Illinois

BENSENVILLE, Ill. — Canadian Pacific No. 2816 and the ‘Final Spike Steam Tour’ have reached Chicago. Well, technically, Bensenville, Ill., the home of CPKC’s yard west of the city and adjacent to O’Hare Airport. That’s where the locomotive is laying over after its two-day trip from St. Paul, Minn., prior to Wednesday’s display in Franklin […]

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Union approves strikes against CN, CPKC in Canada (updated)

Members of the Teamsters Canada Rail Conference have authorized strikes against Canadian National and Canadian Pacific Kansas City, the union has announced today (May 1). Some 93.3% of train and engine crews at CN returned ballots, with 97.6% voting in favor of a strike. At CPKC, 91.7% of train and engine crews returned ballots, with […]

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The 2-8-2 Mikado-type steam locomotive

Versatility is a single word that sums up the Mikado-type steam locomotive. This 2-8-2 wheel arrangement became the “one size fits all” in terms of mass usage across North America’s railroads. When it also came to bridging the gap in advanced steam technology at the turn of the 20th century, this locomotive type delivered.   […]

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CPKC’s Final Spike Anniversary Steam Tour enters the US

CPKC’s Final Spike Anniversary Steam Tour On April 29, 2024, Canadian Pacific steam locomotive No. 2816 crossed into the United States at Portal, N.D., for the first time in over a decade. The engine is powering a tour covering three countries to celebrate the anniversary of the Canadian Pacific and Kansas City Southern becoming the […]

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Alberta to develop province-wide passenger rail plan

CALGARY, Alberta — The government of Alberta is developing a “Passenger Rail Master Plan” that seeks to create a provincial rail system include a line linking Calgary and Edmonton, commuter rail networks around those two cities, and routes to parks in the province’s mountains, Premier Danielle Smith said in a Monday press conference. The province […]

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News & Products for the week of April 29th 2024

News & Products for the week of April 29th 2024   Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. The following are the products Model Railroader editors have news on for the week of April 29th […]

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Influential proxy advisory firm recommends that Norfolk Southern shareholders side with activist investor Ancora Holdings (updated)

In a significant boost to activist investor Ancora Holdings, one of the two major proxy advisory firms has recommended that Norfolk Southern shareholders vote in favor of six of its seven dissident board candidates. Glass Lewis made the recommendation in a report issued on Sunday, which concludes that Ancora has made a compelling case that […]

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STB’s Oberman sets May 10 date for retirement

WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman will retire as of May 10, he announced today (Friday, April 26). Oberman, a board member since January 2019 and chairman since January 21, 2021, had announced his plans to step down from the board last November, but had not set a date [see “STB chairman […]

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CP 2816 begins Final Spike tour

CALGARY, Alberta — After its first public display on Wednesday, Canadian Pacific No. 2816 begins the CPKC “Final Spike Steam Tour” today, traveling from Calgary to Medicine Hat, Alta., on the first leg of a two-day trip to Moose Jaw, Saskatchewan, where its next display event is scheduled. The first U.S. display date is April […]

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