In 2019, Norfolk Southern (NS) customers across 16 states invested $1.9 billion to develop 54 new and 23 expanded rail-served commercial projects. The industrial development is expected to create more than 1,160 customer jobs, and the investment will generate more than 62,300 carloads of new rail traffic annually for NS.
Norfolk Southern (NS) reported 4Q19 and full-year 2019 financial results, with a net income of $666 million and a diluted earnings per share of $2.55 for 4Q19 and $2.72 billion and $10.25, respectively, for the full year.
In West Virginia and Virginia, two Norfolk Southern owned and/or operated rail facilities—a state-financed intermodal terminal near Charleston, W.Va., and the railroad’s shop complex in Roanoke, Va.—have been impacted by closure and layoffs.
Norfolk Southern (NS) wants to double-stack its trains as they move through Pittsburgh, but residents in the north side of the city are stacking up arguments and fighting back.
Three Norfolk Southern freight trains were involved in a Nov. 8 derailment in Hempfield, Pa., about three miles east of Greensburg, Pa. (near Pittsburgh), on the high-density Pittsburgh-Philadelphia double-track main line. There were no injuries and no hazmat spills. NS restored service on both main tracks early Nov. 10. The cause of the derailment remains under investigation.
Norfolk Southern Corp. (NS) reported 3Q19 financial results, including a 3Q record operating ratio of 64.9%, as well as a net income of $657 million and diluted earnings per share of $2.49.
It’s third-quarter 2019 railroad financial results reporting time, and sometimes, insight about rail freight markets comes from strange places. One of those might just be the quarterly report by J.B. Hunt (JBHT). The Hunt logistics company is one of the largest U.S. intermodal rail organizers. It essentially buys contracted intermodal train service from railroad companies like BNSF and Norfolk Southern.
Norfolk Southern (NS) released its 2019 Corporate Social Responsibility (CSR) report, which highlights initiatives that aim to support a cleaner environment, promote economic growth and jobs, foster a diverse and inclusive workplace, and build stronger communities.
Former CN President and CEO Claude Mongeau has been elected a director of Norfolk Southern Corp. Mongeau, 57, has been appointed to the Compensation Committee and the Finance and Risk Management Committee of the Norfolk Southern board and will serve as an independent director.
RAILWAY TRACK & STRUCTURES at RAILWAY INTERCHANGE: The education energy was flowing during the second day of the AREMA 2019 technical conference at Railway Interchange in Minneapolis.