NS

‘Big 4’ Submit Service Recovery Plans to STB

BNSF, CSX, Norfolk Southern (NS) and Union Pacific (UP) have answered the Surface Transportation Board’s (STB) call to submit service recovery plans—identifying the steps they will take to clear congestion and improve service plus the metrics they will use to evaluate progress over the next six months.

Gulf Coast: Class I’s, Port Seek Mediation, Again

CSX, Norfolk Southern (NS), and the Alabama State Port Authority and its Terminal Railway Alabama State Docks division (collectively, the Port) are again requesting Surface Transportation Board (STB)-sponsored mediation as they “continue to believe that an amicable resolution is possible—one that facilitates a prompt and orderly commencement of Gulf Coast passenger service while protecting the customers and shipping partners that rely on quality freight rail service.”

Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl

Potential Modal Shifts as Diesel Stays Hot: Cowen

U.S. diesel pricing remains elevated, passing along significant costs to shippers via fuel surcharges. At Cowen and Company, we believe sustained high diesel pricing will ultimately benefit the railroads and IMCs (intermodal marketing companies) as shippers explore different modes of transport.

Gulf Coast Battle: An Interim Report

The witness phase of the slugout between Amtrak on one side and CSX, Norfolk Southern (NS) and the Port of Mobile on the other, ended May 12 as its 11th day concluded. It ended not with T.S. Eliot’s oft-quoted “whimper” but truly with a bang.

David Shannon, General Manager, RailPulse

RailPulse Appoints GM

David Shannon has been selected as the first General Manager of RailPulse, a coalition of railcar owners, builders and operators whose aim is to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network to significantly increase visibility, efficiency and safety.”

NS reported double-digit revenue and EPS growth in first-quarter 2022, noting that fuel and pricing gains “more than offset volume declines.”

NS 1Q22: ‘Solid, Despite Network Challenges’ (UPDATED, Cowen)

“I am confident that our efforts to improve our service through accelerated hiring and refinements to our operating plan will provide a platform for long-term growth and efficiency for both our customers and shareholders,” Norfolk Southern (NS) President Alan H. Shaw said during a first-quarter 2022 earnings announcement on April 27.