Bill Stephens. Norfolk Southern CEO Alan Shaw faced tough questioning from financial analysts on Wednesday, the morning after an activist investor group went public with a proposal to replace board Feb 27, 2024 · OMAHA, Neb. 35 per share on its common stock. The ratio is 6. 3% on Monday morning. Feb 26, 2024 · Norfolk Southern Corporation (NYSE: NSC) announced Monday that it has filed its preliminary proxy materials with the Securities and Exchange Commission (SEC) in connection with its upcoming 2024 May 15, 2024 · Norfolk Southern reaches agreement to resolve federal East Palestine derailment claims and investigations. Trains sat down with Norfolk Southern CEO Alan Shaw and new Chief Operating Officer John Orr today to discuss the railroad’s strategy and response to activist investor Ancora Holdings. Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy solicitor indicates that its shareholders have voted to elect 10 of Norfolk Southern's Norfolk Southern Corp. The dividend is payable May 20, 2024, to shareholders of record on May 3, May 7, 2024 · Norfolk Southern Corporation (NYSE: NSC) Tuesday reminded shareholders to protect the value of their investment by voting ahead of the 2024 Annual Meeting, which will be held on May 9, 2024. ATLANTA, March 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is focused on The activist investors trying to take control of Norfolk Southern's board are picking up key support, but the railroad's CEO promised Monday to fight the takeover attempt until a May 9 shareholder Apr 13, 2024 · The derailment has cost Norfolk Southern $1 billion in cleanup costs alone and the railroad faces a slew of lawsuits in the wake of the disaster. Executive (Chair) Career Highlights Mr. From the editors of Progressive Mar 25, 2024 · 6 min. shareholders to support its bid to take control of the railroad operator’s board. Today, we operate in 22 states with connections across the globe. C. , annual shareholders meeting, board of directors preliminary voting results, NS President and CEO Alan Shaw. Peachtree St. 4% in 2024, compared with the S&P 500 index’s gain of 4. May 9, 2024 · Results reflect support for leadership team and strategy . 9 billion and an interest expense of $646 million. May 9, 2024 · Norfolk Southern shareholders will decide Thursday, May 9, 2024, whether to back an activist investor’s bid to take over the railroad’s board and replace management. Feb 27, 2024 · OMAHA, Neb. 2% after shareholders’ split decision in board battle. NS. May 10, 2024 · NS: Proxy Battle Ends With Favorable Results (Updated May 10, 2024) Written by William C. 26, 2024 Feb 27, 2024 · The Atlanta-based railroad urged shareholders to reject Ancora Holdings ’ eight board nominees in a proxy statement Feb. August 14, 2024 | 11:59 PM ET. Apr 30, 2024 · Gene J. — 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. These results include a $163 million charge associated with the incident in Eastern Ohio Norfolk Southern and Ancora, which holds a large equity stake in the company, have been trading barbs ahead of the Class I railroad company’s annual meeting on May 9. has urged shareholders to get behind the company’s management team to fight an activist investor’s takeover bid and its calls for the ouster of the railroad operator 5 days ago · Interested in working drayage? Contact our carrier relations team: nscarrierrelations@nscorp. 62% retail investors. Committees. May 8, 2024. – 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. SHAREHOLDERS ARE STRONGLY ADVISED TO READ THE COMPANY'S 2024 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE WHITE PROXY CARD AND ANY OTHER Feb 26, 2024 · Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors to take control of the railroad By Associated Press Feb. In a letter to shareholders today, Ancora Holdings says its plan for NS would cut costs, focus on Jan 31, 2024 · Norfolk Southern CEO Alan Shaw. N) shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month's derailment of a train carrying Norfolk Southern (NSC) said Thursday its shareholders elected 10 of the company's director nominees, including reelecting Chief Executive Alan Shaw, along with three nominees proposed by activist Feb 26, 2024 · The proxy statement is in preliminary form and Norfolk Southern intends to file and mail a definitive proxy statement (the "2024 Proxy Statement") to shareholders of Norfolk Southern. Vantuono , Editor-in-Chief. 20, 2024 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) received notice that Ancora Holdings Group, LLC has nominated eight candidates to stand for election to the Norfolk Southern Board of Directors at the company's 2024 Annual Meeting of Shareholders. Net sales break down by activity as follows: - rail transportation of freight (64. 26 with the Securities and Exchange Commission. Ancora has been pushing for the appointment of Jim Barber, a former chief operating officer at TRIMBLE INC. In a Monday letter, Ancora urged Jan 24, 2024 · Norfolk Southern Declares Quarterly Dividend. (AP Photo/Gene J. It operates across the eastern U. View Norfolk Southern Corporation NSC stock quote prices, financial information, real-time forecasts, and company news from CNN. Feb 26, 2024 · 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. Your vote FOR all 13 Norfolk Southern director nominees Apr 9, 2024 · Apr 23, 2024. Email: annualreport@nscorp. The partial victory for Ancora caps off a campaign that saw union 5 days ago · The political process significantly impacts Norfolk Southern through government, legislation, regulatory and policy decisions. Norfolk Southern has predicted that its own plan will generate that much cost savings within two years. Ancora has launched a proxy Apr 5, 2024 · NSC | April 5, 2024. Apr 29, 2024 · FILE - Norfolk Southern locomotives are moved through the Conway Terminal in Conway, Pa. Three Ancora activists won seats, but failed to get enough support to oust CEO Alan Shaw in a proxy fight Apr 15, 2024 · Jamie Boychuk, the activist investor candidate aiming to lead operations at Norfolk Southern, says improvements the railroad has made in recent weeks under new Chief Operating Officer John Orr — like increasing train velocity, reducing dwell, and removing 75 locomotives from active service — are low-hanging fruit that will help reduce the operating ratio by a point or two. has urged shareholders to get behind the company’s management team to fight an activist investor’s takeover bid and its calls for the ouster of the railroad operator’s Apr 22, 2024 · Activist investor Ancora Holdings Group has again urged Norfolk Southern Corp. The activist investors trying to take control of Norfolk Southern’s board are picking up key support, but the railroad’s CEO promised Monday to fight the takeover attempt May 8, 2024 · By Kelly Yamanouchi. For assistance with most services related to stock ownership, contact Equiniti Trust Company, LLC (EQ) at 877-864-4750. com. Feb 26, 2024 · OMAHA, Neb. Here, Kevin caught NS 8099 leading a northbound merchandise train through Raphine, Virginia in the Shenandoah Valley. Feb 20, 2024 · Reiterates commitment to building more resilient, productive railroad and driving long-term value. ATLANTA, May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its Related: Norfolk Southern shares down 3. Upon written request, the corporation’s annual and quarterly reports on Forms 10-K and 10-Q will be furnished free to shareholders. 82% institutional shareholders, 1. ”. Apr 11, 2024. Puskar—AP. Norfolk Southern shareholders will vote Oct 25, 2023 · ATLANTA, Oct. Sep 8, 2023 · Only after the pandemic, railroads have poured efforts into new hiring and training. Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but In response to the proposals, Norfolk Southern released a lengthy statement defending its performance against Ancora’s description of the company as “the worst Class I railroad”, especially Feb 28, 2024 · 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. For the quarter, income from railway operations was $756 million and diluted earnings per share were $2. OMAHA, Neb. 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) received notice Apr 2, 2024 · Norfolk Southern's board of directors and management team are working closely together to strengthen our railroad for success in the near- and long-term, and to deliver value to shareholders Mar 17, 2023 · March 17 (Reuters) - Norfolk Southern Corp (NSC. Norfolk Southern also May 15, 2024 · Board of directors committed to working collaboratively, engaging with shareholders as it charts A Better Way for Norfolk Southern. Mar 20, 2024 · ATLANTA, March 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday the appointment of John Orr as executive vice president and chief operating officer, effective Feb 26, 2024 · The proxy statement is in preliminary form and Norfolk Southern intends to file and mail a definitive proxy statement (the "2024 Proxy Statement") to shareholders of Norfolk Southern. In the end, the proxy battle still comes down to profits. The Atlanta-based May 1, 2024 · Railroad industry news about: Norfolk Southern Railway, shareholders letter, proxy fight, May 9 annual meeting, Ancora Holdings Group LLC, ISS. 3%. Shareholders of record as of the close of business on March 4, 2024 are entitled to vote at the Feb 26, 2024 · Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors to take over the railroad. ATLANTA, Feb. 62M shares representing 8. The activist investors trying to take control of Norfolk Southern’s board are picking up key support, but the railroad’s CEO promised Monday, April 29, 2024, to continue fighting until the May 9 vote because he believes his strategy is the best in the long run for investors, customers May 9, 2024 · About Norfolk Southern Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U. Age: 62. 5 days ago · When off duty, you can find him staking out scenic spots to take pictures of passing trains. Norfolk Southern Corp. 5%); The railroad operator’s shares are up 0. Orr has not just deprived shareholders of the best available COO and strengthened other Class I railroads, but the Company has installed an individual Mar 20, 2023 · Article. BNSF's interest coverage was . ATLANTA, May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy solicitor indicates that its shareholders have voted to elect 10 of Norfolk Southern's director nominees at the 2024 Annual Meeting of Shareholders, including: Feb 26, 2024 · Norfolk Southern's definitive proxy materials will soon be mailed out to all shareholders and include a WHITE card with voting instructions. Class I railroad peers, Norfolk Southern was the Mar 20, 2024 · Amy Miles, Norfolk Southern's independent board chair, said, "Alan, together with the board, took decisive action in recruiting John, an exceptional talent who will help accelerate the execution of our strategy and deliver results for our shareholders. 56% Norfolk Southern insiders, and 24. Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board May 9, 2024 · E-mail. Vanguard Group Inc is the largest individual Norfolk Southern shareholder, owning 19. Norfolk Southern accelerated its investments in safety and made fundamental changes to operating processes to help achieve the company's goal of becoming the gold standard of safety in the industry. 5 days ago · Norfolk Southern Corporation specializes in merchandise transportation by rail. 9%), metals and construction materials (18%) and automotive (12. Independent Director Since: 2019. NS photo. May 9, 2024 · Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away. com Need to do work on Norfolk Southern property? If you require access to Norfolk Southern property or right-of-way to perform work, you must submit an application to secure railroad approval. 69% of the company. Norfolk Southern issued the following statement: May 8, 2024 · A Norfolk Southern train passes underneath a bridge on February 25, 2023 in East Palestine, Ohio. Just to recap what we have seen so far. , shareholders, Ancora Holdings Group LLC, Alan Shaw, Jim Barber, Jamie Boychuk, proxy fight. Call: 800-531-6757. At the end of 2022 Norfolk Southern is among the top-five largest railroad operators in North America by revenue. Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous Apr 17, 2024 · Railroad industry news about: AFL-CIO, Norfolk Southern Corp. Apr 24, 2024 · Norfolk Southern says there’s no way to save that much in a year without laying off about 2,900 workers. Norfolk Southern (NYSE: NSC) is owned by 73. Puskar Mar 26, 2024 · CLEVELAND — An activist investor group says its proposed Norfolk Southern management team would improve the railroad’s operations, service, and profitability by jettisoning CEO Alan Shaw’s resilience strategy and adopting the low-cost Precision Scheduled Railroading operating model. Feb 21, 2024 · Feb 21, 2024. Norfolk Southern operates 24/7 in 22 states with Mar 20, 2024 · Norfolk Southern also announced its 2024 Annual Meeting of Shareholders will be held on May 9, 2024. 5 million to help those affected by the release of toxic chemicals from its derailment nearly three weeks ago in Feb 26, 2024 · Feb 26, 2024. 04. As a result, our board of directors considers that it is in the best interests of Norfolk Southern and our stockholders for the Corporation to participate in the political process by engaging in a government relations program. Mar 4, 2024 · Company remains committed to enhancing safety and aligning management with shareholders' interests. 9% of net sales), chemicals (22. 25, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its third quarter 2023 financial results. SHAREHOLDERS ARE STRONGLY ADVISED TO READ THE COMPANY'S 2024 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE WHITE PROXY CARD AND ANY OTHER Apr 5, 2024 · Norfolk Southern’s decision to hire Mr. Mar 20, 2024 · Norfolk Southern also announced its 2024 Annual Meeting of Shareholders will be held on May 9, 2024. Norfolk Southern’s stock is up 2. Apr 11, 2024 · 1 (877) 750-9496 (toll-free from the U. in 22 states and in Washington, D. 7%), coal (18. Norfolk Southern Corporation (NYSE: NSC) announced Tuesday a quarterly dividend of $1. The dividend is payable May 20, 2024, to shareholders of record on May 3, Apr 9, 2024. S. John is a proven railroad operator, and we are confident he brings the right skills and Feb 26, 2024 · OMAHA, Neb. 96 billion. The Class 1 railroad formally set the date in its proxy letter to shareholders, sent last week. Puskar May 13, 2024 · Related: Norfolk Southern shares down 3. The railroad said it believes the steps Ancora has outlined would only save about $400 million in the first year. Today, it operates a customer-centric and operations-driven freight May 7, 2024 · Norfolk Southern Corporation (NYSE: NSC) Tuesday highlighted additional support from key customers and industry associations – including Hub Group, Inc. , American Short Line & Regional Railroad Feb 27, 2024 · OMAHA, Neb. 5 days ago · Since 1827, our railroad has been moving the freight that powers America. Feb 20, 2024 · Since the Board announced its appointment of Alan Shaw as Chief Executive Officer, Norfolk Southern’s status as the worst Class I railroad has been solidified by leadership delivering industry-worst operating results, sustained share price underperformance and a tone-deaf response to the devastating East Palestine, Ohio derailment. Norfolk Southern urged shareholders May 9, 2024 · Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and Norfolk Southern originates more automotive traffic than any other Class I Railroad. ATLANTA, May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy solicitor indicates that its shareholders have voted to elect 10 of Norfolk Southern's director nominees at the 2024 Annual Meeting of Shareholders, including: May 9, 2024 · Norfolk Southern shareholders will decide Thursday, May 9, 2024, whether to back an activist investor’s bid to take over the railroad’s board and replace management. NW Atlanta, GA 30308 May 9, 2024 · Railroad industry news about: Norfolk Southern Corp. Today, it operates Norfolk Southern is dedicated to serving its shareholders. NS has touted the pace of operational improvements since new Chief Operating Officer John Feb 20, 2024 · ATLANTA, Feb. Mongeau served as President and Chief Executive Officer of Canadian National Railway Company (CN), a North American railroad and transportation company, from January 2010 to June 2016 and as a director of CN from October 2009 to June 2016. and Canada) +1 (412) 232-3651 (from other countries) About Norfolk Southern. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors Norfolk Southern shareholders elected three of Ancora's seven director nominees but fell short of ousting incumbent CEO Alan Shaw. In 2012, Norfolk had 30,943 employees and it had a compensation expense of $2. Shareholders of record as of the close of business on March 4, 2024 are entitled to vote at the Apr 24, 2024 · Norfolk Southern presentation: We are creating a safer, more profitable railroad with long-term upside for shareholders. (AP) — 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. 10 . Virtual Shareholder Meeting by Broadridge offers corporate issuers the ability to conduct annual meetings electronically with validated shareholders in attendance. Apr 15, 2024 · An eastbound Norfolk Southern coal train meets a westbound merchandise train at Cassandra, Pa. Agreement establishes long-term health monitoring and mental health services for residents and first responders, codifies rail safety improvements, and recognizes Norfolk Southern's extensive May 17, 2024. May 9, 2024 · NSC. Results reflect support for leadership team and strategy. com, Ancora alleges Shaw is ineffective as a CEO with a track record of failing to deliver growth, that NS Feb 27, 2024 · OMAHA, Neb. Apr 15, 2024 · As we show here in our comprehensive original analysis, according to datasets from the Federal Railroad Administration, in 2023, compared to U. Norfolk Southern has set May 9 as the date for its annual meeting, when an insurgent campaign to put outside directors on the company’s board and a new CEO in place will come to a head. May 9, 2024 · Norfolk Southern said Wednesday 10 of its 13 board nominees were elected by shareholders. On February 3rd, a Norfolk Southern Railways train carrying toxic chemicals derailed causing an Feb 22, 2023 · Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6. Write to: Corporate Secretary's Office Norfolk Southern Corporation 650 W. economy. ATLANTA, May 15, 2024 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday that the voting results of its Annual Meeting of Shareholders have been certified by an independent Inspector of On Monday, Norfolk Southern's CEO was on CNBC "to discuss how he and the current leadership team are creating 'A Better Way' for our customers, employees and shareholders," the company posted on X. Norfolk Southern President and CEO Alan Shaw remains in place and said he “is confident that we will have a strong and constructive relationship with our new directors. The Apr 22, 2024 · 7 Company press release entitled “Norfolk Southern presentation: We are creating a safer, more profitable railroad with long-term upside for shareholders,” dated April 18, 2024. A shareholder vote on an attempted takeover of Atlanta-based Norfolk Southern could shape the railroad’s future. On this page, you can find links to commonly requested documents, information on our INVESTORS CHOICE Plan, and shareholder contacts. , in April 2022. , June 17, 2023. Three Ancora activists won seats, but failed to get enough support to oust CEO Alan Shaw in a proxy fight Feb 27, 2024 · OMAHA, Neb. Ancora has been pushing for the appointment of Jim Barber, a former chief operating officer at Mar 20, 2024 · Following the East Palestine incident, the board and management took urgent and necessary steps to protect both the franchise and shareholders. From the editors of Progressive May 3, 2024 · CLEVELAND — With less than a week to go in its Norfolk Southern proxy fight, activist investor Ancora Holdings has questioned the railroad’s service improvements, won support from a small proxy advisory firm, and sought to woo shareholders with a letter from CEO candidate Jim Barber Jr. On its website movenscforward. From the editors of Progressive Railroading Magazine Oct 13, 2022 · In 2021, Norfolk Southern reported pre-tax earnings of $3. Outlines clear path to close the margin gap with peers by achieving a sub-60% operating ratio in 3-4 years Urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the. 6%): transportation of agricultural, paper, forestry and consumer products (27. Since 1827, we've safely moved the goods and materials that keep America rolling. An activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening. In response to a takeover proposal from an activist investor group, Atlanta-based Norfolk Southern on Monday nominated its own slate of board members in hopes of fending off the N orfolk Southern Corp. wpnkmqpsyhmqxnsmafpg