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Precision Scheduled Railroading

All articles tagged with #precision scheduled railroading

business-transportation1 year ago•1 min saved

"Norfolk Southern Names Industry Veteran as New COO Amid Proxy Battle"

Norfolk Southern is set to name John Orr, an executive from Canadian Pacific Kansas City, as its new chief operating officer amid a proxy battle with activist investor Ancora Holdings. Orr brings a background in Precision Scheduled Railroading operations, which is highly valued on Wall Street. The move comes as Norfolk Southern seeks to fend off Ancora's efforts to oust CEO Alan Shaw and install former CSX operations chief Jamie Boychuk as COO. Orr replaces Paul Duncan and will be tasked with improving the company's operational, financial, and safety performance.

via TRAINS Magazine|

#activist-investor #business-transportation #chief-operating-officer

business2 years ago•8 min saved

Norfolk Southern's Profit Push Compromises Rail Safety, Workers Allege.

Norfolk Southern's safety practices and culture are under federal investigation after a train derailment in Ohio and worker deaths. The company's accident and injury rates have soared in the last decade, with employees and experts blaming cost-cutting measures and pressure to speed up deliveries for profit. Norfolk Southern's workforce has decreased by 39%, while its accident rate has increased by 80%. The company's safety practices and culture are also the subject of a special investigation by the National Transportation Safety Board, and Congress has introduced bills to impose tougher safety standards on all railroads.

via The New York Times|

#business #federal-investigation #norfolk-southern