Norfolk Southern

NS petitions FRA for brake test training waiver; unions push back

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.

More from NS Investor Day

At its Investor and Financial Analyst Conference earlier this month, Norfolk Southern representatives discussed, among other subjects, how the company is “reimagining itself.”

GDOT initiates crossing signage improvement program

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.

NS sets income, OR records

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.

NS: $1.5 billion-plus industrial development

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.