WASHINGTON — Martin J. Oberman retired from the Surface Transportation Board today (May 10), concluding more than five years on the board, three of those as chairman. President Joe Biden intends to designate current board member Robert Primus as the new STB chairman, the board said in a press release saluting Oberman’s service. The 79-year-old […]
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 & […]
EMD’s GP30 The unmistakable look of EMD’s GP30 model, with its humpback design applied from the automotive styling group of General Motors in Detroit, was a popular model when introduced in the early 1960s. During its short production life from 1961 to 1963 over 900 copies were built for almost 30 customers. As was the […]
MOBILE, Ala. — The City of Mobile’s Board of Zoning Adjustment today unanimously approved the special zoning exception requested by Amtrak for a temporary station platform and adjacent parking in Mobile, a necessary step forward in the slow-moving effort to launch Gulf Coast passenger service between Mobile and New Orleans. CSX and the Port of […]
News & Products for the week of May 6th 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 May 6th […]
If activist investor Ancora Holdings wins its Norfolk Southern proxy battle this week, its new management team aims to generate unprecedented growth in carload traffic over the next four years. Ancora plans to run the same playbook that CSX has used since it shifted to a Precision Scheduled Railroading operating plan in 2017. Improve your […]
MOBILE, Ala. —“Hopeful” is the key word in the status report on Gulf Coast passenger service submitted by Amtrak, CSX, Norfolk Southern, and the Port of Mobile to the Surface Transportation Board last week. The May 1 report was required by the STB after a February hearing and subsequent explanation of delays was short on […]
OMAHA, Neb. — Union Pacific has tightened its domestic intermodal schedules between the Los Angeles Basin and Chicago by two days, and now offers three-day transit time that is competitive with team driver truck service. “In an effort to better serve our customers and simultaneously penetrate volume moving over the road, Union Pacific is pleased […]
CHICAGO — Surface Transportation Board Chairman Martin J. Oberman on Wednesday blasted activist investor Ancora Holdings, saying that its plans for Norfolk Southern are a threat to rail service and the U.S. economy. Ancora and NS are trying to woo the railroad’s shareholders in a bitter proxy battle that will end May 9 at the […]
WASHINGTON — Overall U.S. rail traffic was up 1.2% in April, the third straight month of gains compared to 2023, according to statistics from the Association of American Railroads. Traffic for the week ending April 27 was also up, marking the 14th straight week traffic exceeded levels of a year earlier. April’s figures included a […]
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 […]
Norfolk Southern says activist investor Ancora Holdings violated the Railway Labor Act when it negotiated a deal with the general chairmen of the Brotherhood of Locomotive Engineers and Trainmen in exchange for the union’s support in its proxy campaign. The BLET in February was vehemently opposed to Ancora’s plan to oust Norfolk Southern’s management and […]
