LAYDOWN TO MOVE OVERNIGHT AHEAD OF NORFOLK SOUTHERN ’S THURSDAY MORNING ANNUAL MEETING THAT IS SCHEDULED TO BEGIN AT 8:30A.M. EASTERN THURSDAY
If all seven of Ancora’s nominees are elected, that would give them the votes they need to move forward with their plan to fire the CEO and overhaul the railroad’s operations. If shareholders only support some of their board candidates, then Ancora won’t be able to make sweeping changes right away.’s strategy of keeping more workers on hand during a downturn to be ready to handle the eventual rebound is the best way to run Norfolk Southern and whether he is the best man to lead the railroad.
Norfolk Southern has said it’s own plan to make the railroad more efficient would generate about $400 million in cost savings over two years and improve its profit margin. Although analysts have questioned whether Norfolk Southern will be able to catch up to the other major freight railroads, which are all working to get more efficient too.
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Ancora Holdings Jim Barber The Railroad
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