Activist investors shake up Norfolk Southern board
USA: Activist hedge fund investor Ancora Holdings has won three seats on the board at Norfolk Southern in a vote at the annual shareholder meeting on May 9, ousting the railroad’s Board Chair, Governance Committee Chair and Compensation Committee Chair.
Comment: Rail policymakers' eyes on June's European elections
June’s European elections loomed large over the Connecting Europe Days in Brussels at the start of April, as EU policymakers and industry leaders discussed funding priorities for the next multi-annual framework and the future of the TEN-T network. Nick Kingsley shares his key takeaways.
Spain – Morocco tunnel investigations underway
INTERNATIONAL: Spanish state-owned engineering consultancy Ineco has told Railway Gazette International that the long-proposed Spain – Morocco inter-continental tunnel ’is highly complex and is currently undergoing feasibility studies’.
KTX-CheongRyong high speed train enters service
SOUTH KOREA: Korail put its latest generation of high speed train into commercial service on May 1.
Railway supply industry news round-up
This week’s news from the global railway supply chain.
Alstom commits to ‘conservative’ financial policy
INTERNATIONAL: Presenting the company’s results for the year to March 31 2024 on May 8, Chairman & CEO Henri Poupart-Lafarge said Alstom ‘recorded a strong rebound during the second half of the year’.
Siemens presents Egyptian Desiro as high speed rail construction progresses
EGYPT: Siemens Mobility presented one of the 94 Desiro HC electric multiple-units that it is supplying for Egypt to the international press at its Wegberg-Wildenrath Test & Validation Centre on May 8.