On February 22, 2024, Ancora Holdings Group, LLC issued a statement following the Federal Railroad Administration?s recent letter. In the statement, Ancora Advisors recently announced the nomination of 8 independent candidates for election to Norfolk Southern Corporation?s Board of Directors at the 2024 annual meeting of shareholders. In the statement, Ancora Advisors expresses concerns about the Company?s lobbying efforts, which appear to be about using misinformation and inappropriate influence to protect Alan Shaw?s status as one of the Railroad Industry?s Paid Executives.

Ancora Advisors added that it remains inspired by President Joe Biden?s statements about the importance of holding the Company accountable.