Boardroom battle at Norfolk Southern heats up as rail regulators weigh in
Activist investor Ancora Holdings, which has begun a battle to replace the management of Norfolk ...
© Steve Estvanik
Union Pacific (UP) has wasted little time in returning to embargo tactics, and the US Surface Transportation Board (STB) is becoming concerned.
Following a two-day hearing in mid-December, over its massive use of embargoes to deal with congestion issues, UP supremo Lance Fritz pledged to hit the pause button on them, but less than a fortnight later the railway was at it again.
On 29 December, it announced an embargo in Iowa, Minnesota and Wisconsin, citing severe weather events and arctic temperatures. ...
Comment on this article