Class 1

NS Fires Shaw, Nag; Names George CEO (Updated with Commentary and Analysis)

ATLANTA –– Less than a week after a still-unknown person or persons at Norfolk Southern contacted CNBC and other media outlets alleging that President and CEO Alan H. Shaw was engaging in an “inappropriate workplace relationship” with another employee—setting off an internal investigation—the NS Board of Directors fired him and the company’s Executive Vice President Corporate Affairs, Chief Legal Officer and Corporate Secretary Nabanita C. Nag.

CSX Gives Storm Debby Update

JACKSONVILLE, Fla. – After flooding caused from storm Debby, CSX gives an update on its Northeast operations on the Albany and St. Lawrence subdivisions.