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Norfolk to add new board member in settlement with activist investor

Norfolk Southern added an independent board member to settle a dispute with Ancora Holdings, which had pushed for governance changes and the replacement of the former CEO.

investing.com • 14/11/2024 - 14:21 PM

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Earnings call: Norfolk Southern reported a 3% increase in revenue

Norfolk Southern's Q3 2024 report reveals a 3% rise in revenue to $3.05B, 23% EPS growth, operational gains, and strategic positioning for sustained growth despite market challenges.

investing.com • 22/10/2024 - 18:30 PM

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Norfolk Southern posts upbeat quarterly results on improving rail service, volumes

Norfolk Southern reported strong Q3 results with profits and revenue exceeding estimates, driven by intermodal growth and effective cost management, despite challenges from severe weather.

investing.com • 22/10/2024 - 13:42 PM

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Wells Fargo offers up its industrials election playbook

Wells Fargo analyzes the Industrials sector's prospects amidst the US presidential election, highlighting winners, risks and sector influences from potential Trump or Harris victories.

investing.com • 21/10/2024 - 13:13 PM

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Citi begins coverage on Transportation stocks, names its top picks

Citi begins research on 19 Transportation and Logistics companies, highlighting industry struggles and opportunities for investors as cyclic recovery approaches, with several top stock picks identified.

investing.com • 09/10/2024 - 13:24 PM

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Norfolk Southern says investigating CEO over alleged misconduct

Norfolk Southern is investigating CEO Alan Shaw for potential misconduct following allegations of an inappropriate workplace relationship, as activist investors call for leadership changes.

investing.com • 08/09/2024 - 19:28 PM

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Norfolk Southern reaches tentative agreements with five more labor unions

Norfolk Southern has tentative five-year labor agreements with five unions, covering 55% of its workforce, promising wage hikes, better healthcare, and more time off for workers.

investing.com • 30/08/2024 - 14:18 PM

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US rails cancel embargoes after Canada work stoppage ends

Norfolk Southern and BNSF Railway resume operations after Canadian work stoppage embargoes lifted, though recovery from disruptions will take weeks due to backlog issues.

investing.com • 26/08/2024 - 18:28 PM

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Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

The article discusses the potential impact of a simultaneous railway stoppage in Canada, threatening billions in economic damage and affecting goods transport to the U.S.

investing.com • 14/08/2024 - 18:02 PM

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