Ancora Is a ‘Growing Shareholder’ in Rail Operator CSX

Activist investor Ancora Holdings Group is a “growing shareholder” in rail operator CSX Corp., at a time when the industry is bracing for further consolidation.

The investment firm believes that CSX under Chief Executive Officer Joseph Hinrichs has been “underperforming,” Jim Chadwick, president of alternatives at Ancora, said in a CNBC interview.