Management

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NS to Wall Street: Expect lower 1Q 2015 earnings While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New York Stock Exchange closing bell on April 13, 2015, that it expects its first-quarter diluted earnings per share to be $1.00, 15% below the same quarter in 2014.

cn-locomotive-engineers-ratify-new-labor-agreement
Canadian National Railroad Company (CN) locomotive engineers, represented by the Teamsters Canada Rail Conference (TCRC) union, have established a new collective agreement with the company, CN announced on April 16, 2015. The three-year agreement retroactive to Jan. 1, 2015, provides wage...
freight-traffic-stays-relatively-flat
According to figures reported by the Association of American Railroads for the week ending April 11, 2015, freight rail traffic remained relatively flat. Total U.S. weekly rail traffic was 557,812 carloads and intermodal units, down 0.3% compared with the same week...
toyota-logistics-services-likes-going-places-with-up
Toyota, whose advertising slogan is “Let’s Go Places,” is able to depend upon the railroads for the places its motor vehicles need to go. In recognition, Toyota Logistics Services has awarded Union Pacific 2014 Logistics Excellence Awards in Customer Service...
csx-double-digit-net-earnings-and-eps-growth-in-1q15
CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13% increase from $0.40 per share last year, the company announced...
first-quarter-shipper-survey-notes-“mild-negative”-for-rail
The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “Pricing, employment outlook, confidence, recent...

ns-to-wall-street-expect-lower-1q-2015-earnings
While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New York Stock Exchange closing bell on April 13, 2015, that...
first-quarter-shipper-survey-notes-“mild-negative”-for-rail
The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “Pricing, employment outlook, confidence, recent...
dispatchers-delight
Dispatching, says Norfolk Southern Manager-Dispatch Planning Systems Charlie Turnipseed, “is like a game of chess.” Like chess players, train dispatchers are constantly thinking ahead, planning movements, moving “pieces”—trains—across the “board”—the railroad’s 22-state, 11-operating-division, 20,000-mile system—and dealing with “opponents”—the numerous types...
rail-freight-traffic-relatively-flat
Gains in intermodal helped offset a downturn in carload traffic during the month of March 2015, the week ended March 28 and the year’s first quarter, the Association of American Railroads reported. Carload traffic in March totaled 1,117,029 carloads, down 3.4%...
uncertainty-clouds-key-rail-bills-in-senate
Two bills of substantial importance to railroads—Staggers Rail Act revisions as part of reauthorization of the Surface Transportation Board (STB), and extension of the deadline to implement Positive Train Control (PTC)—took meaningful steps forward March 25, gaining the imprimatur of...