Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.
May 9, 2024Norfolk Southern News Updates
Buttigieg Calls on Congress to Pass Rail Bill
More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.
May 1, 2024Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote
Norfolk Southern's CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.
April 30, 2024Norfolk Southern Reports Lower Earnings After Settlement
Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.
April 24, 2024Norfolk Southern to Pay $600M in Settlement Over Derailment
Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.
April 9, 2024NTSB Highlights Shortcomings of Automated Railroad Braking
The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes.
March 27, 2024Norfolk Southern Alone Should Pay for Cleanup, Judge Says
Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled.
March 8, 2024NTSB Probes Norfolk Southern Derailment in Pennsylvania
Three Norfolk Southern trains were involved in a collision and derailment the morning of March 2 in Lower Saucon Township, Pa.
March 4, 2024Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
February 27, 2024Buttigieg Calls on Congress to Pass Rail Safety Bill
Secretary Pete Buttigieg recently pressed Congress to pass legislation that would strengthen rail safety policies.
January 25, 2024Trending
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