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Railroad Weekly
The Shaw Won

The Shaw Won

Railroad Weekly May 13, 2024

May 12, 2024
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The Shaw Won
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source: Ferromex

Inside This Issue

·   It Fought the Shaw, and the Shaw Won: Ancora Loses Vote to Oust Execs     

·   Promises, Promises: NS Must Now Deliver What Shaw Has Pledged

·   Prime Time: President Biden to Nominate Robert Primus for STB Chair

·   More Dinero for Ferro: Mexico’s Largest RR Delivers 2x-Digit Revenue Growth

·   Canadian Shippers Receive a Reprieve: Rail Strike Likely Delayed

·   Fortune Favors the Cold: Americold and CPKC Embark on New Cooperation

·   Track to the Future: Various Firms Pushing Innovation for Locos & Railcars Alike

Track Talk

“Our shareholders recognize that positive change is underway at Norfolk Southern. Moving forward, we will continue building on the significant progress Alan Shaw, John Orr, and the entire team have already achieved. Together, we are building a safer, more profitable railroad, closing the margin gap with our peers, and ultimately growing value for our shareholders.”

      -Statement from Norfolk Southern, following its annual shareholder meeting 

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The Result: Who Won the NS Board Battle?

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