Norfolk Southern

From Left to Right: PST President and CEO Rushi Patel; MARS Past President Carrie Evans and new MARS President Kathy Bathurst; and Metro Transit Police Chief Ernest Morales III.
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People News: PST, MARS, SEPTA, Met Council/Metro Transit

PS Technology (PST) appoints Rushi Patel President and CEO. Also, the Midwest Association of Rail Shippers (MARS) welcomes new officers and executive director; the Southeastern Pennsylvania Transportation Authority (SEPTA) appoints Ronald Keele new Chief Safety Officer; and Minnesota’s Metropolitan Council (Met Council) selects Ernest Morales III as Chief of the Metro Transit Police Department.

“Our team delivered double-digit percentage growth in revenue, as well as earnings per share and achieved record revenue and operating income for the year," NS President and CEO Alan H. Shaw said.

NS 4Q: ‘Double-Digit Percentage Growth’ (UPDATED, Cowen)

For Norfolk Southern (NS), fourth-quarter 2022 railway operating revenue was $3.2 billion, up 13%, or $385 million, compared with fourth-quarter 2021, a “fourth-quarter record” driven by a 15% increase in revenue per unit, the Class I reported Jan. 25.

NS on Jan. 17 honored 15 customer and supplier recipients of its inaugural Thoroughbred Sustainability Partner Awards, which honor corporate programs in three categories: achieving “significant energy efficiency savings”; implementing “innovations that have significantly contributed to a more sustainable future”; and working to “promote stewardship of the environment.” (Photograph Courtesy of NS)

Class I Briefs: BNSF, CP, NS

Following weather-related service challenges at the end of December, BNSF reports that overall car velocity for the week ending Jan. 17 is up more than 8% vs. last month. Also, Canadian Pacific

Virginia CTB Approves New Rail Spur at Hershey Chocolate Facility

The Virginia Department of Rail and Public Transportation (DRPT) announced Jan. 18 that the Commonwealth Transportation Board (CTB) has approved a $450,000 grant through the agency’s Rail Industrial Program to Hershey Chocolate of Virginia Inc. for construction of a new 4,750-foot rail spur to be served by Norfolk Southern (NS) at the snack company’s Augusta County facility.

Aerial view of the San Pedro Bay Port Complex in California. (Photograph Courtesy of Port of Los Angeles)

Intermodal Briefs: Ports of LA, Long Beach; SC Ports

The ports of Los Angeles and Long Beach in California report 2022 as their second-busiest year on record. Also, South Carolina Ports (SC Ports) announces a record 2022 with the most containers ever handled at the Port of Charleston. All provide their outlook for 2023.