Breaking News

“Our team continues to deliver long-term value to our shareholders and customers, and we are in an excellent position to build on these results moving forward,” NS Chairman and CEO James A. Squires said during a fourth-quarter and full-year 2021 earnings announcement on Jan. 26.

NS Reports 4Q, Full-Year ’21 Financials, Board Changes

Norfolk Southern (NS) on Jan. 26 reported fourth-quarter 2021 results, including net income of $760 million, up 13% from the same period in 2020; diluted earnings per share of $3.12, up 18% from 2020; and an operating ratio of 60.4%, a fourth-quarter record, down 140 basis points from the 2020 period. The Class I also named Amy E. Miles Non-Executive Board Chair, effective May 1.

Atlantic Track Elevates Schuler

Atlantic Track has promoted Paul “PJ” Schuler, MBS, to Vice President-Operations to manage the growth and development of its manufacturing operations.

TugVolt: Autonomous Plus Standard Interchange

Intramotev, a St. Louis, Mo.-based technology startup, has developed an autonomous freight car that can be used in standard railroad interchange service. The vehicle, called the TugVolt, is “currently focused on short-haul routes of 600 miles or less, and designed with standard couplers and air braking that allow it to be hauled in or haul a traditional consist in addition to independent operation,” according to company Co-founder and Chief Executive Officer Timothy Luchini.


CSX/Pan Am: Bringing New England Into the Class I Railroad Network

Currently pending before the Surface Transportation Board are an application by CSX to acquire Pan Am Railways (PAR) and a related petition regarding operation of Pan Am Southern (PAS) by the Berkshire & Eastern Railroad (B&E), a subsidiary of Genesee & Wyoming. These transactions will bring strong transportation and safety benefits to New England.