Freight

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.

Reports: Shaw Departing NS Due to Misconduct Probe

ATLANTA –– The Wall Street Journal has reported that Norfolk Southern President and CEO Alan Shaw is expected to step down from his role amid an investigation into allegations of potential misconduct—“an inappropriate workplace relationship.” Various news reports, beginning with CNBC, said that the NS board of directors had hired outside legal counsel to investigate the matter; the railroad has confirmed that.

NRC Chairman’s Column: Leave Your Election Headache Behind 

ATLANTA –– From the September 2024 RT&S –– Does this election season have you down? Are you tired of the divisive chatter and ads? Do you find it exhausting to tiptoe around or even avoid political discussions with friends, family, and business associates? You’re not alone! I’m right there with you. 

RailPulse Launches Signature Railcar Telematics Platform

CARY, N.C. — PR Newswire reported that RailPulse, formed by a coalition of rail industry leaders, announced this week the launch of its new technology infrastructure that provides near real-time data and insights across the North American freight railcar fleet. The platform leverages GPS and other telematics technologies to monitor the location, condition and health of railcars, aiming to enhance safety, efficiency and visibility for rail shippers, railroads and railcar owners.