The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.
Activist investor wins backing of union representing Norfolk Southern maintenance of way employees (updated) trains.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trains.com Daily Mail and Mail on Sunday newspapers.
Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the White House and Congress to be ready to intervene.