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.
The BMWED Teamsters said the railroad union would back activist Ancora and its seven director nominees in a proxy contest at Norfolk Southern.
The support from the BMWED Teamsters, whose members build and maintain the track infrastructure that keeps Norfolk Southern trains moving, amounts to a sharp rebuke of CEO Alan Shaw and Norfolk Southern's board.
As more borrowers qualify for student loan forgiveness, incoming college freshmen are set to rack up $37,000 in new debt, report finds
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