The BMWED Teamsters Reiterates Support for Jim Barber at Norfolk Southern

Rhea-AI Summary

The BMWED Teamsters reiterated their support for Ancora Holdings Group, 's efforts to elect seven director candidates and install Jim Barber at Norfolk Southern (NYSE: NSC). The BMWED Teamsters believe that Jim Barber's leadership can drive necessary changes and improvements to ensure the success of Norfolk Southern members. They have confidence in his ability to work with all stakeholders, including labor unions, and address concerns effectively. They criticize the current CEO's failure to address significant safety and operations concerns, highlighting the need for change and improvement.

NOVI, Mich.--(BUSINESS WIRE)-- The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (“BMWED Teamsters” or “BMWED-IBT”) today reiterated its support for Ancora Holdings Group, LLC’s (“Ancora”) efforts to elect seven director candidates and install Jim Barber at Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”).

Tony Cardwell, President of BMWED-IBT, commented:

“The wellbeing of our membership is often dependent upon competent and reliable corporate leadership. Based on our discussions with Ancora director candidate and proposed CEO Jim Barber, the BMWED Teamsters is confident that his leadership would drive necessary changes and improvements to ensure our Norfolk Southern members are protected and succeed on the job. Jim has proven to us that he can build bridges and work with all stakeholders, including labor unions, underpinning our trust in his capabilities. Additionally, we are very confident that our members’ concerns will be appropriately and effectively addressed if Jim is helping turn around Norfolk Southern.

Regrettably, under current CEO Alan Shaw’s leadership, Norfolk Southern’s failure to adequately address significant safety and operations concerns raised by BMWED and others has seriously undermined the railroad. This inability threatens to continue crippling Norfolk Southern’s operations, reflecting a persistent disregard for the critical issues that impact service, safety and the value generated by the Company. We expect this view to be validated when the federal government issues its final report on the East Palestine, Ohio derailment and related toxic burn next month.

In contrast, Jim’s background as COO of a more than $100 billion transportation company and his experience as one of the nation’s largest rail shippers lead us to believe he can drive value for our members and all of the Company’s stakeholders from the boardroom and C-suite.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20240502928890/en/

Zachary Wood

Director of Strategic Coordination and Research

BMWED-IBT

(248) 662-2614

zwood@bmwe.org

Source: The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters

FAQ

Who is the BMWED Teamsters?

The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters is a union that has reiterated its support for Jim Barber at Norfolk Southern.

What is Ancora Holdings Group, 's role in the PR?

Ancora Holdings Group, is mentioned as the entity that the BMWED Teamsters are supporting in their efforts to elect director candidates at Norfolk Southern.

Who is Jim Barber and why is he significant in this PR?

Jim Barber is mentioned as a director candidate and proposed CEO at Norfolk Southern. The BMWED Teamsters believe in his ability to drive necessary changes and improvements.

What concerns were raised by the BMWED Teamsters about Norfolk Southern's current CEO?

The BMWED Teamsters criticize the current CEO, Alan Shaw, for failing to address significant safety and operations concerns, which they believe has undermined the railroad's operations.

What is the significance of the East Palestine, Ohio derailment mentioned in the PR?

The BMWED Teamsters expect the federal government's final report on the East Palestine, Ohio derailment to validate their concerns about Norfolk Southern's current leadership.

What is Jim Barber's background and how does it relate to the PR?

Jim Barber's background as COO of a more than $100 billion transportation company and his experience as one of the nation's largest rail shippers lead the BMWED Teamsters to believe he can drive value for Norfolk Southern.

How can Jim Barber potentially impact Norfolk Southern according to the BMWED Teamsters?

The BMWED Teamsters believe that if Jim Barber is installed, he can drive necessary changes and improvements to ensure the success of Norfolk Southern members and all stakeholders.

What is the contact information for Zachary Wood mentioned in the PR?

Zachary Wood is the Director of Strategic Coordination and Research at BMWED-IBT. His contact information is (248) 662-2614 and zwood@bmwe.org.