Freight

Report: Activist Investor Attempting NS Takeover — Commentary Through Our Railway Age Colleagues

ATLANTA ––According to an unsubstantiated late-Jan. 31 Wall Street Journal article, an investor group led by activist Ancora Holdings Group, LLC intends to run a proxy fight and replace Norfolk Southern President and CEO Alan Shaw. Ancora has reportedly built a position in NS and would likely try to take control of the Board to enact management and operational changes. We highlighted this as the number one risk in our downgrade earlier this week. NSC was up ~5% after hours. Story by Jason Seidl, Matt Elkott, Elliot Alper and Uday Khanapurkar, TD Cowen

NS Performance Excellence, with VP Transportation Joe Gioe – RAIL GROUP ON AIR

As Norfolk Southern Vice President Transportation, Joe Gioe is responsible for leading a culture of safe, predictable and consistent service by empowering transportation team members to meet the needs of NS customers. He also leads the Performance Excellence (PE) group, which is responsible for establishing operating processes and measuring performance. The group partners closely with Operations leaders and their teams, including Transportation, Advanced Train Control, Engineering and Safety.

Brent Laing Featured at Next-Gen Freight Rail 2024

CHICAGO –– CN Vice President Engineering and Railway Track & Structures’ 2023 Engineer of the Year is among the featured speakers at Railway Age’s Next-Gen Freight Rail 2024 Conference, to be held March 12, 2024, at the

Keeping the Proper Focus

Louisville, Ky. – I have spent more than 50 years in the rail industry, all of it in the Communications & Signals segment. I will be retiring after the joint REMSA/RSSI Exhibition

Morrison Hershfield, the owner’s engineer on the Confederation and Trillium lines of Ottawa’s Light Rail Transit system, is slated to merge with Stantec, a global design and engineering firm based in Edmonton, Alberta. (Photo: Courtesy, City of Ottawa)

Supply Side: Stantec/Morrison Hershfield, Egis

CANADA, U.S. and FRANCE – Stantec will acquire Morrison Hershfield, a Markham, Ontario-based engineering and management firm. Also, McIntosh Perry, a consulting engineering company in Toronto, Ontario, and Beam Longest & Neff, LLC (BLN), an infrastructure engineering firm in Indianapolis, Ind., have rebranded as Egis, their French parent company, effective Jan. 1.

(R.J. Corman Image)

R.J. Corman Earns Two NRC Awards

WASHINGTON, D.C. – The National Railroad Construction and Maintenance Association (NRC) has recognized R.J. Corman Railroad Services with a 2023 Small Project of the Year Award for track construction at MxV Rail’s

Skanska-Fay JV Selected for Howard Street Tunnel Clearance Project

BALTIMORE – A joint venture (JV) between Skanska and Fay, S&B USA Construction, has been selected for the $293 million Howard Street Tunnel Clearance Program, commonly known as the Howard Street Tunnel Project, which includes modernizing the historic 125-year-old Howard Street Tunnel in Baltimore, Md., along CSX’s I-95 rail corridor.