Two days, two railroads in the spotlight: Missives flying over Norfolk Southern, Union Pacific

Capt. John

Charges, countercharges and the missives were flying back and forth over the future of two Class 1 railroads as February came to an end, with leading government officials that regulate the rails leveling heavy criticism at two distinct players.

In the proxy battle roiling Norfolk Southern (NYSE: NSC), the activist investor group Ancora is recommending the replacement of eight new directors to the Norfolk Southern board. It also wants to replace CEO Alan Shaw with former UPS executive Jim Barber...

https://www.freightwaves.com/news/two-days-two-railroads-in-the-spotlight-missives-flying-over-norfolk-southern-union-pacific

Leave a Comment