Ancora Alternatives Carves Out Niche in Transportation Sector through Activism

Ancora Alternatives, a shareholder activism arm of Ancora Holdings Group, has carved out a niche in the transportation industry. The firm has undertaken several high-profile engagements with companies like C.H. Robinson, Forward Air, CSX, Norfolk Southern, and Americold. Ancora looks for opportunities in "old economy" sectors like industrials and manufacturing, focusing on valuation, cycle, margin, and cash flow sustainability. The firm has reshaped boards, ousted CEOs, and reworked failed capital allocation strategies to improve shareholder returns.