Norfolk Southern plays defense against activist investor push [Seeking Alpha]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
nscorp.com/content/nscorp/en/investor-relations.html
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Source: Seeking Alpha
The railroad giant said it is now on a clear and achievable path to close the gap with its peers. The company highlighted that it is on track to deliver top-tier earnings and revenue growth, with industry competitive margins – including ~400 basis points of operating ratio improvement during the second half of 2024. Norfolk Southern's ( NSC ) board reiterated that it is committed to ensuring management accountability and responsiveness. The board was said to be meaningfully refreshed, and highly skilled in areas related to effective, independent oversight of the company's strategy and management. In contrast, Norfolk Southern ( NSC ) maintains that activist investor Ancora's strategy would add significant risk, impede progress, and destroy long-term value. The company also defended the track record of CEO Alan Shaw in a letter to shareholders. "Following the East Palestine incident, the board and management took the urgent and necessary steps to protect both the franchise and sh
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NSC
News
- TFI's US LTL operations need heavier shipments, CEO says of Q1 results [Yahoo! Finance]Yahoo! Finance
- DHL to Pay $8.7 Million in Racial Discrimination Lawsuit Settlement [Yahoo! Finance]Yahoo! Finance
- The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk Southern [Yahoo! Finance]Yahoo! Finance
- The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk SouthernBusiness Wire
- Ancora’s Proposed Directors and Management for Norfolk Southern Win Support from the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of TeamstersBusiness Wire
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DFAN14A
- NSC's page on the SEC website