Senators Unveil Freight Rail Safety Proposals
During an examination of a recent freight train derailment in East Palestine, Ohio, the top senator on the transportation committee endorsed proposals meant to enhance safety along commercial supply chains.
NTSB to Investigate Safety at Norfolk Southern
In the wake of three high-profile freight train accidents within the last month, including one that caused environmental damage in East Palestine, Ohio, the National Transportation Safety Board announced March 7 it is opening a special investigation into the safety practices of Norfolk Southern Corp.
Norfolk Southern Posts Record Q2 Results
Norfolk Southern Corp. on July 27 posted record second-quarter financial results that beat the expectations of Wall Street analysts.
Norfolk Southern Posts Record Results for Q4, Full Year
Norfolk Southern Corp. reported record fourth-quarter and full-year net income from railway operations and operating ratio when the Class I railroad released its results Jan. 26.
‘Alabama-USA Corridor’ Rail Work to Improve Supply Chain Infrastructure
The Jan. 4 announcement appears to be a significant step in that direction. According to the governor’s office, the overall concept calls for $231.6 million in investment in rail projects “to upgrade economic development infrastructure in central and southern Alabama.”
U.S. Steel, Norfolk Southern and Greenbrier Partner on New Steel Railcar
United States Steel Corp., Norfolk Southern Corp. and The Greenbrier Cos. collaborated to create a new high-strength railcar, the companies announced Dec. 9.
December 9, 2021Alan Shaw to Succeed Jim Squires as Norfolk Southern CEO
Norfolk Southern Corp. on Dec. 3 announced a CEO succession plan, with current leader Jim Squires retiring and longtime company executive Alan Shaw stepping up to lead the Class I railroad.
Norfolk Southern Reports Record Q3 Results
Atlanta-based Class I railroad Norfolk Southern reported record third-quarter results on Oct. 27, exceeding Wall Street’s expectations, even as railroad officials said freight growth is being hampered by supply chain disruptions at seaports, intermodal facilities and in trucking.
Norfolk Southern Reports Decline in Q4 Earnings
Norfolk Southern Corp. saw its fourth-quarter revenue fall by 4% as freight volume fell in most of the commodities it moves.
Norfolk Southern Q3 Net Income Down; Revenue From Coal Shipments Plummets
Norfolk Southern Corp. carried 7% less freight in the third quarter, but the Class I railroad still beat Wall Street expectations when it reported third-quarter earnings Oct. 28.