WASHINGTON (Reuters) – The head of the Federal Railroad Administration on Wednesday urged Norfolk Southern to focus on safety after a group of activist investors proposed replacing the company’s top management.
FRA Administrator Amit Bose wrote CEO Alan Shaw to “reiterate the only avenue to ensure NS’s immediate and long-term success is through a relentless focus on safety … Any backsliding, as a result of a change in leadership or otherwise, on the safety-oriented path you have laid out and communicated to us will likely attract renewed oversight attention from my office.”
(Reporting by David Shepardson; Editing by Chris Reese)
