NS Debuts Green Bond Funding
Norfolk Southern (NS) has issued $500 million of green bonds to fund its sustainable business initiatives.
Norfolk Southern
USDOT Weighs In on Gulf Coast Service
The U.S. Department of Transportation (USDOT) “stands ready” to work with Amtrak, CSX, Norfolk Southern (NS) and other stakeholders to restore “long overdue” passenger service between New Orleans and Mobile, it wrote in a recent Surface Transportation Board (STB) filing.
2021 Railway Age Readers’ Influential Leaders
RAILWAY AGE MAY 2021 ISSUE: The mantra of these railroaders: Making a difference. They’re not only helping to shape the industry, but also tomorrow’s leaders.
Passenger Rail Returning to Virginia’s New River Valley
The Commonwealth of Virginia and Norfolk Southern (NS) have reached a $257.2 million agreement that will increase existing Amtrak service to Roanoke and expand service to the New River Valley.
People News: CN, NS, Bluejay Capital, STV
The CN Board of Directors appointed Roberta Louise Jamieson and Murray Sinclair as Co-Chairs of the Indigenous Advisory Council (IAC); Norfolk Southern (NS) elevated Frank Voyack to Vice President of Government Relations, succeeding Marque Ledoux; Bluejay Capital Partners hired Pierre-Luc Mathieu as Managing Partner; and STV promoted Paul Menaker to Vice President.
NS 1Q21: ‘Strong Performance’ Despite Disruptions (Updated, Cowen)
“Our steadfast commitment to improving productivity and executing our Precision Scheduled Railroading strategy has propelled us to another record operating ratio performance, while we grew revenues and earnings in the quarter,” Norfolk Southern (NS) Chairman, President and CEO James A. Squires said April 28 during a 2021 earnings announcement.
Amtrak STB Petition Cites CSX, NS ‘Unwillingness to Engage Meaningfully’
Amtrak, on the eve of a 50th Anniversary virtual celebration slated to feature President Joe Biden, has filed a petition asking the Surface Transportation Board to deny CSX’s and Norfolk Southern’s motion to dismiss Amtrak’s application to restore passenger rail service to the Gulf Coast between New Orleans, La., and Mobile, Ala.
Railway Age 2021 Readers’ Influential Leaders
Railway Age is pleased to present the results of its second annual Readers’ Influential Leaders program.
Cowen Surveys Find ‘Encouraging’ Shipper Business Outlook
Two first-quarter 2021 surveys of rail shippers on pricing and business outlook as well as equipment needs conducted by Cowen and Company analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper indicate that, compared with the previous quarter, Class I railroad customers are anticipating somewhat higher rate increases, and a slight decline in new railcar demand.
Gulf Coast Service? Not So Fast, Say CSX, NS
“Unripe.” That is what CSX and Norfolk Southern (NS) have called Amtrak’s application with the Surface Transportation Board (STB) asking for an order requiring the freight railroads to permit access for twice daily round-trip passenger service between New Orleans and Mobile, starting on or about Jan. 1, 2022.