Norfolk Southern Photo 117908053 © Alan Stoddard Dreamstime.com
Photo: Alan Stoddard, Dreamstime.com

Activist investor Ancora Holdings, which has begun a battle to replace the management of Norfolk Southern Rail (NS), is experiencing headwinds from its embattled NS board and regulators who view the move as a bid to return to the “detrimental excesses” of precision railroading.

NS directors ...

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