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Under the deal, Norfolk Southern will add another independent director to its board and work to further improve its operations. Ancora, meanwhile, agreed to drop its nominations of four new board ...
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Norfolk Southern's stock price, which soared after Ancora announced its campaign to oust Shaw, immediately fell after the results of the vote were announced. It was trading down more than 4% at ...
WASHINGTON (Reuters) -U.S. railroad operator Norfolk Southern has agreed to pay $600 million to settle a class action lawsuit over a February 2023 East Palestine, Ohio train derailment that ...
Norfolk Southern's predecessor railroads date to the early 19th century. The South Carolina Canal & Rail Road was the SOU's earliest predecessor line. Chartered in 1827, the South Carolina Canal & Rail Road Company became the first to offer regularly scheduled passenger train service with the inaugural run of the Best Friend of Charleston in 1830. [18]
The line from Lamberts Point to Canal Drive, Norfolk was separated from the Norfolk District and became a new rail line called Norfolk Terminal. The Norfolk District is part of the Lamberts Point to Roanoke rail corridor. At one time the line's original name was restored as a timetable name and the line was grouped with the Norfolk Terminal in ...
The Southern Railway changed its name to the Norfolk Southern Railway on December 31, 1990. The Norfolk and Western Railway was leased by the Southern Railway on December 31, 1990, and merged into the Southern in 1997. The New York, Chicago and St. Louis Railroad (Nickel Plate Road) merged into the Norfolk and Western Railway on October 16, 1964.
Norfolk Southern has ousted Alan Shaw as its CEO, saying the executive violated the Atlanta-based freight railroad's policies by having a consensual relationship with a subordinate, it announced ...