March 8, 2024  Norfolk Southern Shareholders:  I am writing on behalf of the Transportation Trades Department, AFL-CIO and the unionized workers on Norfolk  Southern as represented by our affiliated unions. We are gravely concerned by recent news reports that a hedge  fund, Ancora Holdings, has amassed a $1 billion stake in Norfolk Southern with the […]

Ancora Holdings, an investment group, is looking to instil a new set of directors, citing safety issues and higher operating ratio (railroad investor speak for lower profit profit margin). The labour union AFL-CIO Transportation Trades Dept. president Greg Regan has put out a statement against this takeover attempt, citing these investors running Bed Bath & Beyond into the ground.