Risk from longer freight trains highlighted as NTSB sums up Ohio derailment
As US National Transportation Safety Board (NTSB) members gather in East Palestine, Ohio, today to ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
SEEKING ALPHA reports:
Norfolk Southern Corp. (NYSE:NSC) CEO Alan Shaw kept his job and activist Ancora Holdings won three board seats in a battle with the railroad operator. NSC shares fell 5.2% in premarket trading following the results.
Based on preliminary vote results ahead of the Thursday shareholder meeting, holders voted to elect Ancora nominees William Clyburn, Jr., Sameh Fahmy and Gilbert Lamphere to Norfolk Southern’s (NSC) board, according to a statement from the activist hedge fund on Thursday.
Ancora Holdings, which holds a $1B stake in Norfolk Southern (NSC), has had a campaign to replace seven of NSC’s 13 board members with their own nominees and oust Shaw in favor of former UPS COO Jim Barber. Ancora was also pushing for the appointment of turnaround expert Jamie Boychuck as COO…
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