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 […]
Through our Trains.com website and the pages of Model Railroader magazine, you get a pretty good idea of what some of the hobby’s well-known names are working on. But not everything they do becomes an article for the website or magazine. In “What are you working on?” I surveyed some of our regular contributors to […]
Amtrak Indianapolis services exhibit more than their share of tumult through Amtrak’s five decades. No single train has served the city during this time, and, in fact, the Hoosier State’s capital city had no Amtrak service from October 1979 to October 1980. Amtrak’s Indianapolis station is, and has been, located at 350 S. Illinois […]
Industry observers had wondered why the Brotherhood of Locomotive Engineers and Trainmen — which had vehemently opposed an activist investor’s plans to oust Norfolk Southern’s management team — flip-flopped on Friday and decided to support Ancora Holdings’ calls for change at the railroad. The reason became apparent on Sunday, when the SMART-TD union that represents […]
PITTSFIELD, Mass. — Ticket sales have begun for the Berkshire Flyer, the seasonal Amtrak service between New York and Pittsfield, Mass. The weekend operation sees trains depart New York on Friday nights and return Sunday afternoon from Pittsfield, beginning June 21 and concluding with Labor Day weekend on Monday, Sept. 2. The train leaves New […]
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 […]
WASHINGTON — Well, you can bet there will be interesting discussions going on in Norfolk Southern locomotive cabs today. Just hours after the Brotherhood of Locomotive Engineers and Trainmen reversed course and said it would back activist investor Ancora Holdings in its bid to oust Norfolk Southern management, the SMART-TD union that represents conductors said […]
INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen is now backing activist investor Ancora Holdings and its call for management change at Norfolk Southern. The union’s decision, announced today, is the second in as many days: The union representing maintenance of way workers yesterday swung its support to Ancora. The unions represent 41.5% […]
Distributed Power 101 Modern railroads are one of the most efficient modes of transporting freight across long distances. Occasionally in railroad freight service, the need will arise for multiple locomotives to efficiently transport freight. But where in this hypothetical freight train should the locomotives be placed? Distributed Power (DP) is an operating practice where locomotives […]
CLEVELAND – The union representing Norfolk Southern’s maintenance of way employees has thrown its support behind activist investor Ancora Holdings. The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters said today that a change in leadership is necessary at NS. The union is backing Ancora’s full slate of director candidates […]
ATLANTA — Norfolk Southern executives today outlined steps they will take over the next six months to improve operations and service while wringing out $250 million in costs. NS is under pressure to show improvements amid a proxy battle with activist investor Ancora Holdings, which has been critical of the railroad’s lagging financial and operational […]
CSX today announced the winners of its third annual CSX Customer Environmental Excellence Awards, which salute shippers who convert a portion of their freight from truck to rail. “Sustainability is a shared priority between CSX and our customers. Helping them reduce emissions by converting from trucks to rail is an important part of our strategy,” […]
