The just-abandoned GoTriangle light rail project in North Carolina, while never a slam-dunk, was until recently an interesting game. Now, after a few critical blocked shots and maybe even several offensive fouls, it appears to be a forfeit.
Norfolk Southern on March 26 promoted three company officers to new executive positions, and broke ground on its new headquarters in Atlanta, Ga.
Norfolk Southern has awarded Trainyard Tech, LLC a contract to update the existing CLASSMASTER™ hump yard process control system at the Lamberts Point Coal Dumping Facility in Norfolk, Va.
As railways push ahead with digitalization, more and more are engaging and implementing solutions from a new form of supplier: the tech start-up. This is changing the railway-supplier relationship and altering the industry’s wider approach to innovation, as IRJ’s Kevin Smith discovers.
Norfolk Southern has filed a petition with the Federal Railroad Administration (FRA) for a waiver of compliance from certain provisions of federal railroad safety regulations regarding refresher training for mechanical inspectors, “FRA WAIVER PETITION DOCKET No. FRA-2018-0100, Brake System Safety Standards for Freight and Other Non-passenger Trains and Equipment, End-Of-Train Devices (49 C.F.R. Part 232).” Two unions have filed comments disputing NS’s petition.
At its Investor and Financial Analyst Conference earlier this month, Norfolk Southern representatives discussed, among other subjects, how the company is “reimagining itself.”
The Georgia Department of Transportation (GDOT) has partnered with five railroads with operations in the state—Norfolk Southern, Georgia Northeastern Railroad, Georgia Southern Railway, Ogeechee Railroad Co. and St. Mary’s Railway West—to add “Stop” or “Yield” signs at nearly 600 crossings that do not have automatic warning devices.
Norfolk Southern, at its Feb. 11 Investor and Financial Analyst Conference in Atlanta, said it plans to hold capital expenditures to between 16% and 18% of revenues through 2021, as the railroad targets a 60% operating ratio by that year.
Norfolk Southern’s fourth-quarter and full-year 2018 financial results include record operating income for both periods, and a full-year record-low operating ratio of 65.4%. Net income was $702 million, and diluted earnings per share were $2.57 for 4Q18, and $2.67 billion and $9.51, respectively, for the full year.
Norfolk Southern generated more than 60,000 carloads of new rail traffic in 2018 involving 72 new and 18 expanded industries across 17 states along the company’s rail lines, representing customer investments of more than $1.5 billion.