Norfolk Southern and activist Ancora struck a deal to avert a second proxy fight in as many years, the railroad announced Thursday morning.Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said. An unspecified candidate will join the railroad's board after a search process, the company said. Ancora had nominated four candidates to Norfolk's board in anticipation of an eventual proxy fight but withdrew those candidates as part of the cooperation agreement.Ancor ...

ATLANTA, Nov. 14, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern" or the "Company") today announced that it has entered into a cooperation agreement with Ancora Holdings Group, LLC (together with certain of its affiliates, "Ancora") after constructive engagement. Under the terms of the agreement, Norfolk Southern and Ancora will work together to identify an independent director to join the Company's Board of Directors (the "Board"). The addition of the new director, who is ...

Norfolk Southern’s (NSC) proactive cost-cutting initiatives are boosting operational efficiency. However, NSC is grappling with economic uncertainties and lackluster liquidity, adversely impacting the company’s operations.Factors Favoring NSCNorfolk Southern's strong commitment to safety bodes well for the company. While the FRA personal injury rate has increased, the company has made significant strides in reducing serious injuries and total accidents, with declines of 40% and 20%, respectively. This refle ...

65 MW Mossy Branch Battery Facility adds resiliency to Georgia's electric grid; Company leadership and elected officials tour site in Talbot County on ThursdayATLANTA, Nov. 8, 2024 /PRNewswire/ -- Georgia Power leaders joined elected officials from the Georgia Public Service Commission (PSC), Georgia legislature, and Talbot and Muscogee counties on Thursday to mark commercial operation of the company's first "grid-connected" battery energy storage system (BESS). The Mossy Branch Battery Facility is capable ...

Core Insights - Alan McIntyre has been appointed as the Vice President of Engineering and Operations at Southern Linc, where he will lead a team focused on providing reliable wireless voice and data services for Southern Company and government customers [1][2]. Leadership and Experience - McIntyre brings 30 years of experience in wireless telecommunications, having previously served as Engineering Director at Southern Linc, where he oversaw the LTE technology transformation and the construction of two geographically redundant core data centers and 1,300 LTE cell sites [3]. - His contributions include the installation of VoLTE and mission-critical push-to-talk (MCPTT) sub-systems, facilitating thousands of conversions of voice and data devices to LTE [3]. Industry Contributions - McIntyre has significant expertise in wireless spectrum management, having participated in FCC proceedings that provided Southern Linc with contiguous spectrum and enabled broadband operations [4]. - He was also involved in auction teams that successfully acquired licenses in multiple FCC-conducted spectrum auctions [4]. Educational Background - McIntyre holds a Bachelor's degree in Electrical Engineering and an MBA in Management Information Systems from Auburn University, where he has served on the board advising the Wireless Engineering Research and Education Center since 2017 [5]. Company Overview - Southern Linc is a subsidiary of Southern Company, providing secure LTE voice and data services to electric utilities and various businesses and public sector agencies across Alabama, Georgia, and southeastern Mississippi [6]. - The CriticalLinc™ network offers over-the-air encryption from devices to towers and supports encryption from towers to the network's core data centers [6].

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Although the sector has underperformed the S&P 500 ( SP500 ) by more than 90 points over the past ten years, the year-to-date performance is a stunning 29%, making it one of the best-performing sectorsAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CP ...

The Southern Company (NYSE:SO) Q3 2024 Earnings Conference Call October 31, 2024 1:00 PM ET Company Participants Greg MacLeod - Director-Investor Relations Chris Womack - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Carly Davenport - Goldman Sachs Shar Pourreza - Guggenheim Partners Ross Fowler - Bank of America Nick Campanella - Barclays Jeremy Tonet - JPMorgan Paul Fremont - Ladenburg Thalmann Durgesh Chopra - Evercore ISI Travis Miller - ...

Third Quarter 2024 Earnings Conference Call October 31, 2024 > Southern Company Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, financial objectives, projected capital expenditures, projected resource additions, earnings guidance, long-term projected adjusted EPS growth, load growth proje ...

Power supplier The Southern Company (SO) reported third-quarter 2024 earnings per share (excluding certain one-time items) of $1.43, well ahead of the Zacks Consensus Estimate of $1.33 and a penny higher than the year-ago adjusted profit. The outperformance reflects a gain in overall electricity sales to go with the positive effects of rates, usage and pricing changes.The utility reported revenues of $7.3 billion. The top line came in 4.2% higher than third-quarter 2023 sales and beat the Zacks Consensus Es ...

For the quarter ended September 2024, Southern Co. (SO) reported revenue of $7.27 billion, up 4.2% over the same period last year. EPS came in at $1.43, compared to $1.42 in the year-ago quarter.The reported revenue represents a surprise of +2.13% over the Zacks Consensus Estimate of $7.12 billion. With the consensus EPS estimate being $1.33, the EPS surprise was +7.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...