From Railcar to Pet Food Bowl
As activist sharks circle Norfolk Southern’s Atlanta headquarters in anticipation of the May 9 proxy vote, the railroad has a landed a new customer in North Carolina whose products are literally going
Norfolk Southern
ISS Endorses NS Director Slate—Mostly (Updated)
ISS—not the International Space Station weighing in from 1.33 million feet (246 miles) above the earth’s surface in orbit, but that other ISS, proxy advisory firm Institutional Shareholder Services—is endorsing seven of
Industrial Development Briefs: NS, CPKC
Norfolk Southern (NS) is selling property in Jacksonville, Fla., for the development of a $60 million rail-served food storage and distribution facility. Also, temperature-controlled warehouser and distributor NewCold is investing C$222 million in a new Southern Alberta food storage facility, to be served by Canadian Pacific Kansas City (CPKC).
Commentary
Some Questionable NS vs. CSX Analysis
On April 18, Ancora hosted a townhall in New York City for Norfolk Southern stockholders, and during that meeting [potential new NS board member] Gil Lamphere implored the audience to read the
Railway Age 2024 Readers’ Influential Leaders
Railway Age is pleased to present the fifth-annual “Readers’ Influential Leaders” program honorees.
BNSF: Second Class I to Participate in FRA C3RS
BNSF and the American Train Dispatchers Association (ATDA) will partner with the Federal Railroad Administration (FRA) to join a one-year pilot program of the FRA-sponsored Confidential Close Call Reporting System (C3RS). Their decision to
NCRR Injecting $200K in Innovative Construction Group Plant
Innovative Construction Group, LLC is receiving a $250,000 grant from NCRR Invests, the North Carolina Railroad Company’s (NCRR) economic development arm, to help develop a new manufacturing facility in Siler City, N.C., to be served by Norfolk Southern (NS).
NS Confirms 1Q24 Prelim Results, Outlines Strategy (UPDATED, 4/25)
Norfolk Southern (NS) has confirmed that its first-quarter 2024 financial results are in line with the preliminary results it announced April 9, one month before the May 9 shareholder’s meeting in which
Class I Briefs: UP, CSX, NS
Union Pacific (UP) collaborates with Vestas to ship the largest wine turbine blades across the country by rail. Also, CSX Assistant Controller Thomas McDuffie is named a Rising Star by the Florida Institute of CFOs (fiCFO); and the National Association of Manufacturers (NAM) commends Norfolk Southern’s (NS) role in supply chain continuity amid Baltimore disruptions.
Class I Briefs: CSX, NS, UP
CSX recognizes six shippers for their “commitment to sustainability” by converting a portion of their freight from truck to rail. Also, Norfolk Southern (NS) offers customers a Rail Emissions Report tool and introduces the “Safety Up” mobile app; and Union Pacific (UP) kick starts a plastics collection pilot.