National Railway

Ancora’s Proposed Management Team and Director Candidates to Participate in Fireside Chat with Deutsche Bank on the Value Creation Opportunity at Norfolk Southern

Retrieved on: 
Friday, April 12, 2024

To join in the upcoming virtual discussion, contact your Deutsche Bank representative or Mr. Mehrotra directly at [email protected] .

Key Points: 
  • To join in the upcoming virtual discussion, contact your Deutsche Bank representative or Mr. Mehrotra directly at [email protected] .
  • For information on how to vote for Ancora’s slate of seven highly qualified director candidates on the BLUE Proxy Card, visit www.MoveNSCForward.com .
  • Mr. Barber is a shipping and logistics industry veteran with experience in finance, strategic planning and risk management at one of the country’s largest railroad customers.
  • Mr. Boychuk is a lifelong railroader with the safety record and scheduled railroading acumen needed to help turn around Norfolk Southern.

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.

Resilio Achieves Top 5 Recognition for Solving File Collaboration Challenges in Distributed Workforces

Retrieved on: 
Wednesday, February 14, 2024

PLEASANTON, Calif., Feb. 14, 2024 /PRNewswire/ -- Resilio, a leader in the delivery of active, current, and accessible file data everywhere, today announced that analyst firm Data Center Intelligence Group (DCIG) has named Resilio Connect a "Top 5 Multi-site File Collaboration Solution" in this year's DCIG Top 5 Rising Vendors data storage technologies report.

Key Points: 
  • This worked well when employees sat in offices with fast links to file servers or network-attached storage (NAS) systems.
  • However, enterprises using conventional file collaboration methods suffer from limited scalability, inadequate version control, exponential file data growth, limited file access for sharing, inability to handle large files with distributed teams, and network latency.
  • "Resilio Connect offers a different approach from traditional hub-and-spoke file collaboration tools," said Todd Dorsey, senior storage analyst at DCIG.
  • The Top 5 Multi-site File Collaboration Solution report is an outcome of DCIG's research into the marketplace for software-defined storage (SDS) for file storage.

Transat appoints Jean-François Pruneau as Chief Financial Officer

Retrieved on: 
Tuesday, December 12, 2023

MONTREAL, Dec. 12, 2023 /CNW/ - Transat A.T. Inc. (« Transat ») announces the appointment of Jean-François Pruneau as Chief Financial Officer.

Key Points: 
  • MONTREAL, Dec. 12, 2023 /CNW/ - Transat A.T. Inc. (« Transat ») announces the appointment of Jean-François Pruneau as Chief Financial Officer.
  • "I am pleased to welcome Jean-François, who will endorse a pivotal role in the transformation of the Company," said Annick Guérard, President and Chief Executive Officer of Transat.
  • He most recently served as Executive Vice President and Chief Financial Officer for Starpax Biopharma.
  • Throughout his career, he held various roles in finance at Canadian National Railway, BCE Media and Quebecor, where he spent close to 17 years and progressed to Senior Vice President and Chief Financial officer, before joining Videotron as President and Chief Executive Officer.

ITS Logistics’ Indiana Warehouse Provides Distribution Space within Close Proximity to Midwestern Rail Ramps and Inland Ports

Retrieved on: 
Tuesday, August 8, 2023

The facility is near the inland ports ( Burns Harbor, Mount Vernon, and Jeffersonville ) and rail ramps of Chicago and Indianapolis.

Key Points: 
  • The facility is near the inland ports ( Burns Harbor, Mount Vernon, and Jeffersonville ) and rail ramps of Chicago and Indianapolis.
  • “The state of Indiana has invested $10 billion over ten years into transportation enhancement plans,” said Ryan Martin, President of Assets for ITS Logistics.
  • “This new facility in Whitestown, Indiana has immediate large-scale availability to provide a strategic location for a Midwest distribution hub.
  • ITS has drayage and intermodal in 22 coastal ports and 30 inland rail ramps with a full suite of asset and asset-lite transportation solutions.

United Kingdom Construction Equipment Rental Market Report 2023: A $5.57 Billion Market by 2029 Featuring Key Renters - Ashtead, Loxam, Boels, GAP Hire, Flannery, Ainscough, & Stevens Equipment - ResearchAndMarkets.com

Retrieved on: 
Monday, May 1, 2023

There is a rise in investment in roadways, and railway infrastructure under the National Road Construction and National Railway's programs, respectively.

Key Points: 
  • There is a rise in investment in roadways, and railway infrastructure under the National Road Construction and National Railway's programs, respectively.
  • Warehouse expansion projects and growth in the logistics market due to consumer focus on online shopping post-pandemic are expected to drive demand for forklifts & telehandlers in the UK construction equipment rental market.
  • Such factors are anticipated to hamper the growth of the UK construction equipment rental market during the forecast period.
  • JCB, Caterpillar, Volvo Construction Equipment, Komatsu, Manitou, Hitachi Construction Machinery, Kubota, & Kobelco are prominent UK construction equipment rental market vendors.

Canadian Pacific and Kansas City Southern Combination Approved by U.S. Surface Transportation Board

Retrieved on: 
Wednesday, March 15, 2023

Canadian Pacific (TSX: CP) (NYSE: CP) (“CP”) and Kansas City Southern (“KCS”) said today the U.S.

Key Points: 
  • Canadian Pacific (TSX: CP) (NYSE: CP) (“CP”) and Kansas City Southern (“KCS”) said today the U.S.
  • Surface Transportation Board (“STB”) issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City (“CPKC”), the first single-line railway connecting the U.S., Mexico and Canada.
  • CP President and Chief Executive Officer Keith Creel extended the company’s sincere gratitude to the STB board and staff for their hard work as part of the comprehensive review of the combination.
  • “This decision clearly recognizes the many benefits of this historic combination,” Creel said.

Kitchener crossing accident raises concerns about Ontario's safety oversight of its provincially regulated railways

Retrieved on: 
Thursday, February 9, 2023

As a result of the investigation, the Board is concerned that the Province of Ontario does not provide effective safety oversight of provincially regulated railways.

Key Points: 
  • As a result of the investigation, the Board is concerned that the Province of Ontario does not provide effective safety oversight of provincially regulated railways.
  • "This accident illustrates the critical and pervasive issue of railway crossing safety, which is the second leading cause of fatalities in the railway sector," explains TSB Chair Kathy Fox.
  • On 13 November 2019, a group of 11 pedestrians, consisting of six adults and five children, were waiting to cross at the Lancaster Street West public grade crossing in Kitchener, Ontario.
  • Given the complexity of multiple separate agreements with different parties, this accident demonstrates that there are gaps in the Province of Ontario's regulatory surveillance of its provincially regulated railways.

Trip.com Group signed a new strategic agreement with Kazakh Tourism

Retrieved on: 
Monday, November 28, 2022

SHANGHAI, Nov. 27, 2022 /PRNewswire/ -- Trip.com Group and the National Company Kazakh Tourism signed a new cooperation agreement at the World Travel Market exhibition in London earlier this month.

Key Points: 
  • SHANGHAI, Nov. 27, 2022 /PRNewswire/ -- Trip.com Group and the National Company Kazakh Tourism signed a new cooperation agreement at the World Travel Market exhibition in London earlier this month.
  • Kazakh Tourism Chairman Talgat Amanbayev: "Kazakhstan is proactively promoting international tourism, primarily by opening its borders to tourists.
  • Chairman and Co-Founder of Trip.com Group, James Liang, Said: "We are pleased to pen a new strategic agreement with Kazakh Tourism, and together, through a series of strategic campaigns, will stimulate travel recovery to the region."
  • Kazakh Tourism Chairman Talgat Amanbayev: "We are thrilled to resume work with one of the tourism industry's most prominent initiatives.

Trip.com Group signed a new strategic agreement with Kazakh Tourism

Retrieved on: 
Monday, November 28, 2022

SHANGHAI, Nov. 28, 2022 /PRNewswire/ -- Trip.com Group and the National Company Kazakh Tourism signed a new cooperation agreement at the World Travel Market exhibition in London earlier this month.

Key Points: 
  • SHANGHAI, Nov. 28, 2022 /PRNewswire/ -- Trip.com Group and the National Company Kazakh Tourism signed a new cooperation agreement at the World Travel Market exhibition in London earlier this month.
  • Kazakh Tourism Chairman Talgat Amanbayev: "Kazakhstan is proactively promoting international tourism, primarily by opening its borders to tourists.
  • Chairman and Co-Founder of Trip.com Group, James Liang, Said: "We are pleased to pen a new strategic agreement with Kazakh Tourism, and together, through a series of strategic campaigns, will stimulate travel recovery to the region."
  • Kazakh Tourism Chairman Talgat Amanbayev: "We are thrilled to resume work with one of the tourism industry's most prominent initiatives.