Norfolk Southern

NS Drives $1.9B in Industrial Development

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.

Three NS Trains Collide in Western Pennsylvania

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.

Railroad Traffic Analysis, A Different Approach

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.

Mongeau Joins NS Board

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.