FW: Proxy adviser on Norfolk Southern: overhaul board but keep CEO Shaw
FREIGHTWAVES reports: Norfolk Southern’s management has taken a second hit this week from an independent proxy advisory firm ...
The giant US express operator has been one of the North American intermodal industry’s largest customers for the best part of 40 years. When it speaks, Washington listens, and although its view on the proposed Canadian Pacific-Norfolk Southern merger echoes what other railroads and shippers, and 3PLs have ready said – that it would lead to lower service levels and higher costs – the argument in this op-ed from DC Velocity is that its views carry more weight than anyone else’s.
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