KCS

Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk Southern

Retrieved on: 
Monday, April 22, 2024

Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.

Key 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.

MX Tokens Remain Strong Despite Huge Price Correction In The Market

Retrieved on: 
Wednesday, March 20, 2024

In the recent market correction observed after March 12, 2024, the MX token emerged as the clear winner among CEX tokens.

Key Points: 
  • In the recent market correction observed after March 12, 2024, the MX token emerged as the clear winner among CEX tokens.
  • Despite the fluctuations, MX displayed remarkable resilience and growth, soaring from $3.04 to $3.72, marking an impressive increase of 22.4%.
  • MX tokens continue to stay ahead of the competition while gaining significant popularity from its use cases.
  • As only MX token holders are able to participate, this helps retain MX as a favorable token for long term hold.

Ancora Issues Letter to Fellow Shareholders Regarding Norfolk Southern’s Failures of Diligence and Poor Judgment in Appointing John Orr as COO

Retrieved on: 
Friday, April 5, 2024

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.

Key Points: 
  • Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.
  • Ancora is a sizable shareholder of Norfolk Southern, meaning our interests and your interests are squarely aligned.
  • The Board and Mr. Shaw provided CPKC with excessive financial and strategic consideration that weakens Norfolk Southern’s long-term competitive positioning.
  • Norfolk Southern operated from a position of desperation, and shareholders and other stakeholders now stand to pay a steep price.

KuCoin Announces $10 Million Gratitude Airdrop in KCS and BTC for Community Support

Retrieved on: 
Wednesday, March 27, 2024

VICTORIA, Seychelles, March 27, 2024 /PRNewswire/ -- KuCoin, a leading global crypto exchange, just announced a groundbreaking initiative - an airdrop $10 million in BTC and KCS to its users as a token of appreciation for their continued support.

Key Points: 
  • VICTORIA, Seychelles, March 27, 2024 /PRNewswire/ -- KuCoin, a leading global crypto exchange, just announced a groundbreaking initiative - an airdrop $10 million in BTC and KCS to its users as a token of appreciation for their continued support.
  • As the People's Exchange, KuCoin is committed to improving user experience and strengthening trust among its community.
  • Dear Users and Supporters of KuCoin,
    I would like to express my gratitude to all KuCoin users, for your support, trust and companionship during the past few days, as well as the past 7 years.
  • To express our profound gratitude for your support and patience, KuCoin will launch a special airdrop event totaling 10 million USD in KCS and BTC.

KuCoin Announces $10 Million Gratitude Airdrop in KCS and BTC for Community Support

Retrieved on: 
Wednesday, March 27, 2024

VICTORIA, Seychelles, March 27, 2024 /PRNewswire/ -- KuCoin, a leading global crypto exchange, just announced a groundbreaking initiative - an airdrop $10 million in BTC and KCS to its users.

Key Points: 
  • VICTORIA, Seychelles, March 27, 2024 /PRNewswire/ -- KuCoin, a leading global crypto exchange, just announced a groundbreaking initiative - an airdrop $10 million in BTC and KCS to its users.
  • As the People's Exchange, KuCoin is committed to improving user experience and strengthening trust among its community.
  • Outlining the motivations behind the initiative, Johnny Lyu, CEO of KuCoin issued a CEO letter to users and supporters of the leading crypto exchange.
  • To express our profound gratitude for your support and patience, KuCoin will launch a special airdrop event totaling 10 million USD in KCS and BTC.

KuCoin Introduces GemVote: Empowering Community Voices in Token Listings

Retrieved on: 
Thursday, March 21, 2024

GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.

Key Points: 
  • GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.
  • This user-driven approach ensures that the KuCoin platform remains aligned with the interests and passions of its diverse user base.
  • Johnny Lyu, CEO of KuCoin emphasized that "at KuCoin, we deeply value our community and strive to amplify their voice within our platform.
  • We're excited to see our community come together to shape the future of crypto listings on KuCoin."

KuCoin Introduces GemVote: Empowering Community Voices in Token Listings

Retrieved on: 
Thursday, March 21, 2024

GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.

Key Points: 
  • GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.
  • This user-driven approach ensures that the KuCoin platform remains aligned with the interests and passions of its diverse user base.
  • Johnny Lyu, CEO of KuCoin emphasized that "at KuCoin, we deeply value our community and strive to amplify their voice within our platform.
  • We're excited to see our community come together to shape the future of crypto listings on KuCoin."

Norfolk Southern appoints industry veteran John Orr as chief operating officer

Retrieved on: 
Wednesday, March 20, 2024

ATLANTA, March 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday the appointment of John Orr as executive vice president and chief operating officer, effective immediately. Throughout his four-decade career, Orr has earned a reputation as a proven leader in applying scheduled railroading principles to drive sustainable long-term value creation. He spearheaded the turnaround of Canadian Pacific Kansas City's (CPKC) Mexico operations by successfully implementing a high-efficiency operating model, shaped and guided the execution of Kansas City Southern's (KCS) service-focused scheduled railroading initiatives, and drove significant improvements in Canadian National Railway's (CN) safety and operational performance.

Key Points: 
  • ATLANTA, March 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday the appointment of John Orr as executive vice president and chief operating officer, effective immediately.
  • He will report directly to Norfolk Southern president and chief executive officer Alan H. Shaw.
  • In connection with Orr's appointment, current chief operating officer Paul Duncan departed the company to pursue other opportunities.
  • Alan Shaw, Norfolk Southern president and chief executive officer, said, "John is a deeply respected and accomplished leader, and is the right chief operating officer to ensure execution of our strategy of balancing safe service, productivity, and growth.

CPKC announces departure of Executive Vice President and Chief Transformation Officer

Retrieved on: 
Wednesday, March 20, 2024

CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.

Key Points: 
  • CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.
  • "On behalf of the Board of Directors and the CPKC family I would like to thank John for his contributions and impactful leadership," said CPKC President and Chief Executive Officer Keith Creel.
  • Mr. Orr was appointed Executive Vice President and Chief Transformation Officer of CPKC on April 14, 2023.
  • Prior to this role, he served as Executive Vice President Operations for Kansas City Southern from 2021 through 2023.

Gaza war: countries selling Israel weapons are violating international law – legal expert

Retrieved on: 
Friday, April 5, 2024

The UK government has received internal legal advice that Israel has broken international humanitarian law in its current war on Gaza.

Key Points: 
  • The UK government has received internal legal advice that Israel has broken international humanitarian law in its current war on Gaza.
  • But what does international law actually say on this issue, and what are the UK’s (and other nations’) legal obligations in relation to the ongoing assault on Gaza?
  • In recent months, a number of countries have announced they are suspending arms exports to Israel.
  • In the UK, the high court dismissed an attempt to challenge the government’s continued licensing of arms exports to Israel.

Arms trade treaty

  • The most obvious, and the one emphasised in the British MPs’ letter, is found in the UN arms trade treaty, to which the UK is a party.
  • In 2019, the UK court of appeal suspended arms exports to Saudi Arabia based on the government’s failure to assess whether past violations of international law had likely been committed in Yemen.
  • So, signatories to the arms trade treaty continuing to supply weapons to Israel likely do so in breach of article 7.

Geneva conventions

  • But it also includes article 1 of the 1949 Geneva conventions, which requires states to “ensure respect” for international humanitarian law.
  • On March 1, Nicaragua instituted proceedings before the ICJ against Germany (the second-biggest arms exporter to Israel), in part alleging that it is violating article 1 of the Geneva conventions due to its support for Israel.
  • In this way, all countries are legally obliged to ensure that others comply with international humanitarian law.


Lawrence Hill-Cawthorne does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.