Norfolk Southern defends makeup of its board, mum on possible CEO change

Norfolk Southern Corp. on Wednesday defended the composition of its board of directors and did not address the fate of CEO Alan Shaw, who is the subject of an activist group’s efforts to remove him and replace him with Jim Barber, a former top UPS Inc. executive. In a lengthy letter to shareholders, the Atlanta-based…

Taiwanese startup Starlux Airlines orders 5 A350 freighters from Airbus

Taiwan-based Starlux Airlines, which has only existed for four years and operates 21 passenger jets, on Tuesday inked a deal to buy five next-generation A350 cargo jets from Airbus. The announcement, which was made by the companies during the Singapore Airshow, is noteworthy because Starlux is so new and currently doesn’t operate cargo jets, and…