The Brotherhood of Locomotive Engineers and Trainmen, an affiliate of the Rail Division of the International Brotherhood of Teamsters, announced that it has determined, after careful review and new developments since the proxy battle began, that a change in leadership at Norfolk Southern Corporation is necessary and in the best interest of both BLET members and the railroad’s long-term success. “BLET’s three elected General Chairmen representing locomotive engineers and trainmen at Norfolk Southern met with Ancora’s leadership team yesterday and determined that they are the right leaders for Norfolk Southern moving forward,” said BLET National President Edward Hall. “After the railroad’s CEO Alan Shaw hired COO John Orr and following the public comments of both those executives on their strategy for NS, our General Chairmen determined that a change at the top is needed. Although this decision was not easy, the General Chairmen believe it is necessary.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- BMWED-IBT says change in leadership ‘needed’ at Norfolk Southern
- Norfolk Southern price target lowered to $294 from $302 at UBS
- North American rail traffic up 1.3% for the week ending April 20
- Norfolk Southern Releases First-Quarter 2024 Financial Results
- Norfolk Southern confirms first quarter 2024 results in-line with preliminary release