News / US railways signal possible shift in direction as headwinds gather

Photo: David Johnson

Two activist investment groups have proposed investor resolutions at UP and Norfolk Southern (NS), calling on them to offer paid sick leave as a standard benefit.

This was the issue that separated the carriers and unions in recent contract negotiations and threatened to precipitate a strike.

Trillium Asset Management has filed a proposal with UP, while Impact Shares, an exchange-traded fund, is pushing for this at NS.

Both belong to the Interfaith Center on Corporate Responsibility, a coalition of shareholder advocates calling for ...