Norfolk Southern has relieved Chief Operating Officer Paul Duncan of his duties, replacing him with John Orr of CPKC. The move comes as NS faces an attack from Ohio-based activist investor Ancora Holdings.
From Trains Magazine:
"In exchange for waiving the non-compete clause in Orr’s contract, CPKC received $25 million from NS and also gained unspecified “commercial considerations” related to the Meridian Speedway, the CPKC-NS joint venture linking Meridian, Miss., and Shreveport, La."
