Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk Southern
Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.
- Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.
- As of December 31, 2023, the gross book value of locomotives at Norfolk Southern was ~19% greater than at CSX.
- Independent of amortization schedules, CSX saw a substantial reduction in locomotive book value, while Norfolk Southern saw a substantial increase.
- The aforementioned factors combined should enable a best-in-class fuel efficiency opportunity at Norfolk Southern.