Barr to VP investor relations for Norfolk Southern
Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.
Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.
Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS announced Thursday.
Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.
Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.
Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.
Port of Indiana-Burns Harbor on Lake Michigan increases rail capacity by 250 cars and adds hundreds of feet of new dock for expanded all-water cargoes.
Norfolk Southern, which has struggled to maintain consistent and reliable service in recent years, will no longer tolerate mediocre operational performance, new CEO Mark George says.
Norfolk Southern in a filing detailed salary and stock awards that signal it expects Mark George to be a long-term chief executive.
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.
Norfolk Southern’s final RoadRailer train left Detroit early Sunday morning for the 715-mile run to Kansas City, Missouri.
The agreements were announced just days after CSX completed early deals with its unions as labor flexes its newfound strength with employers following the pandemic.
The U.S. Justice Department is taking Norfolk Southern to court, alleging the railroad’s delays of Amtrak’s Crescent violate federal law.
Norfolk Southern highlights ways it’s creating sustainable growth through investments in people and technology.
Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter.
The Biden administration is calling railroad executives to Washington to explain how they plan to reverse negative cargo trends and grow their business.
Norfolk Southern’s Stefan Loeb discusses rail growth strategies at FreightWaves’ Future of Supply Chain event.
Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.
A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.
New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight.
A preliminary report on how Norfolk Southern did in the first quarter comes as the showdown over its future nears a climax.
Norfolk Southern announced Tuesday that it will pay a $600 million settlement of a class-action lawsuit after a train derailed in East Palestine, Ohio, in February 2023.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, saying the president waited too long to visit the site of a train derailment.
Activist pressure and focus on OR are at odds with optimal service levels.
It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.
Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.
Increasing biofuel consumption will be a key way for Norfolk Southern to reduce greenhouse gas emissions, according to its inaugural climate transition plan.
Labor peace was won at what will be higher costs for shippers and carriers.
Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”
Outgoing STB Chair Martin Oberman had harsh words for Union Pacific at the RailTrends conference.
Executives with CSX, Union Pacific and Norfolk Southern at recent investor conferences listed some of the ways they expect to improve rail service.
Cincinnati voters on Tuesday approved selling Cincinnati Southern Railway to Norfolk Southern for $1.62 billion.
Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Short-term pain will lead to long-term gain for Norfolk Southern, the railway’s CEO said when asked about his company’s higher margins amid plans to continue improvements to rail service.
NS’ third-quarter net income fell 50% amid a $163 million incident charge related to the East Palestine, Ohio, train derailment in February.
The Brotherhood of Railroad Signalmen and Norfolk Southern, with technical input from the Federal Railroad Administration, will conduct a one-year pilot program to identify best safety practices.
NS is examining the root cause of the Friday evening to early Saturday morning outage, which the railroad says was not a result of hacking or related to a previous system outage that occurred in late August.
Declaring East Palestine, the town impacted by a Norfolk Southern train derailment, as the site of a public health emergency would allow area residents to have long-term access to Medicare, Ohio’s senators said in a letter to the EPA.
Two Florida East Coast Railway terminals will gain access to Norfolk Southern’s network, and NS and FEC will use a steel wheel interchange in Jacksonville, Florida, which will bolster access to Midwest markets.
Cincinnati voters will determine on Nov. 7 who should own the Cincinnati Southern Railway, which is currently owned by a group affiliated with the city. The city wants to sell it to Norfolk Southern for $1.62 billion.
President Joe Biden wants Norfolk Southern and federal agencies to stay involved in recovery efforts in East Palestine, Ohio, where an NS train carrying hazardous materials derailed on Feb. 3.
Atkins Nuclear Secured released its initial findings on how Norfolk Southern can bolster its safety culture.
Canadian railway CN and Norfolk Southern are partnering to create a domestic intermodal service that will connect Canadian customers with markets in the U.S. Southeast.
Norfolk Southern and DrayNow will further develop technology for intermodal that provides real-time information on first- and last-mile movements.
A defect with the data storage system that Norfolk Southern uses may have caused NS’ primary and recovery data systems to become unresponsive, NS said Friday.
Florida’s ports and Eastern freight railroads are preparing for Tropical Storm Idalia’s arrival.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
The Federal Railroad Administration and the Occupational Safety and Health Administration separately released reports Wednesday on how Norfolk Southern can improve rail safety.
NS is seeking to improve network fluidity after the East Palestine train derailment, cut down on Ohio-related costs and match resources with market demand in the second half of 2023.
Revenue declines and a $416 million expense charge put pressure on Norfolk Southern’s second-quarter 2023 net profits.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Ohio Gov. Mike DeWine wants President Joe Biden to declare East Palestine a disaster area, while Norfolk Southern calls for rail car owners associated with the Feb. 3 derailment to help pay cleanup costs.
“There are qualified mechanical inspectors at all these points, and they were not allowed to inspect this car at any of those locations,” Jason Cox, of the Transportation Communications Union, testified at a National Transportation Safety Board hearing Friday.
The National Transportation Safety Board is holding a field hearing in East Palestine, Ohio, to garner more information on why the Feb. 3 derailment of a Norfolk Southern train happened.
Colonial Terminals plans to expand its breakbulk operations along the Savannah River in Georgia. The company recently acquired land that’s adjacent to its current facility and to Norfolk Southern’s network.
Norfolk Southern and yardmasters affiliated with SMART-TD have struck a tentative deal on sick leave.
Technology might not be the only thing causing the freight rail industry to pivot. The industry’s relationships with its workforce and its customers might also be transitioning, suggested some speakers at the North American Rail Shippers conference.
How industry stakeholders are responding to efforts to legislate rail safety reforms was one of the themes percolating at the recent North American Rail Shippers annual conference.
NS employees received a letter signed by President and CEO Alan Shaw and the presidents of 12 unions pledging collaboration to improve rail safety.
Norfolk Southern and the Brotherhood of Locomotive Engineers and Trainmen have reached a deal over sick leave.
Union Pacific, BNSF and Norfolk Southern need to go further in improving rail service, according to a Surface Transportation Board decision requiring the railroads to submit service performance reports.
Norfolk Southern and SMART-TD, the union group representing train conductors that work at NS, have reached a tentative agreement that addresses scheduling issues and sick leave.
Norfolk Southern is adjusting how it configures trains in response to the February East Palestine, Ohio, derailment. That will help the company improve productivity later this year, officials said during the railroad’s first-quarter 2023 earnings call Wednesday.
The Department of Justice, on behalf of the Environmental Protection Agency, has filed a lawsuit against NS to ensure the railroad pays for the cleanup at the site of the Feb. 3 Ohio train derailment.
Norfolk Southern and SMART-TD are tabling discussions about how to handle conductor redeployments as congressional lawmakers want more information about what rail safety initiatives should become law.
CSX inks another sick leave deal with a union, Greenbrier releases some preliminary Q2 results and Norfolk Southern adds two executive roles to its marketing division.
The National Transportation Safety Board has published preliminary findings on two recent Norfolk Southern incidents.
CSX makes changes to its operational team and beefs up its industrial development program, while Norfolk Southern reaches another sick leave agreement with a union. Also, RailState names a former BNSF executive to its advisory board.
A law firm specializing in stockholder rights wants Norfolk Southern investors to join a class-action lawsuit over precision scheduled railroading. The firm says certain PSR practices compromised safety and depressed NS stock prices.
The International Association of Machinists and the Brotherhood of Railway Carmen have each reached sick leave agreements with Norfolk Southern (NYSE: NSC).
Ohio Attorney General Dave Yost said Tuesday the state has filed a lawsuit in federal court against Norfolk Southern in order to ensure the railroad will be financially responsible for derailment costs and economic damages.
A roundup of recent news items from Norfolk Southern, Union Pacific, Amtrak and the Surface Transportation Board.
A Senate hearing Thursday provided Congressional leaders a chance to grill Norfolk Southern President and CEO Alan Shaw not just on the Feb. 3 train derailment in Ohio but also on the industry’s views on rail safety.
Norfolk Southern notified federal officials about loose wheels, and the Association of American Railroads put out an advisory to halt the use of rail cars that might have this issue.
Hay unos 6.000 detectores de cajas calientes a lo largo de las vías de EE.UU.
A study found use of hot-box detectors has contributed to a 59% decrease in certain train accidents since 1990.
The National Transportation Safety Board and the Federal Railroad Administration will conduct investigations into Norfolk Southern’s safety practices.
Following two recent derailments in Ohio, Norfolk Southern received more bad news as a conductor died after a crossing accident at a customer facility.
Norfolk Southern has released a six-point plan that addresses how the railroad expects to improve its use of hot box detectors.
All seven Class I railroads have agreed to participate in a federal program in which workers can anonymously provide tips on operational conditions. The participation will complement existing internal programs at the railroads, says the Association of American Railroads.
Ohio members of the Brotherhood of Maintenance of Way – Employes Division are concerned about the health of workers who responded to the Feb. 3 train derailment, and they disagreed with NS’ attempt to address automated track inspection during early negotiations over sick leave.
The National Transportation Safety Board’s probe of the Feb. 3 Norfolk Southern derailment will include a close look at the protective housing covers on the derailed tank cars.
FRA dice que al menos 5 descarrilamientos desde 2021 pueden haber implicado cojinetes quemados
The Federal Railroad Administration has issued a safety advisory that calls on railroads to evaluate their procedures for using and maintaining hot box detectors in light of the Feb. 3 Norfolk Southern train derailment in Ohio.
The Environmental Protection Agency will direct Norfolk Southern where to transport contaminated waste from the Feb. 3 train derailment amid concerns by communities in other states that it was coming to them.
Rail trade groups’ and rail unions’ responses to NTSB’s preliminary report on the Feb. 3 Norfolk Southern train derailment offer different views on what the next steps should be.
BNSF signs deals with the Transportation Communications Union and National Conference of Firemen & Oilers (NCFO), while NS also seals a pact with NCFO.
Jennifer Homendy, chair of the National Transportation Safety Board, urged the parties involved in the derailment to heed the board’s recommendations to improve rail safety.
The National Transportation Safety Board outlined some additional context about the Feb. 3 derailment of a Norfolk Southern train in Ohio, including more information about the location of hot bearing detectors and the controlled venting of tank cars carrying vinyl chloride.
Norfolk Southern and the Brotherhood of Maintenance of Way – Employes Division have reached an agreement for sick leave.
El Departamento de Transporte da a los ferrocarriles de mercancías una lista de medidas de seguridad tras el descarrilamiento
The Environmental Protection Agency has given Norfolk Southern a new order as the Ohio derailment cleanup transitions to longer-term remediation, and the U.S. Department of Transportation has given the railroads a list of what safety actions they should undertake.