Railroad News

Norfolk Southern opens new HQ in Atlanta

Rail News Home Norfolk Southern Railway 11/11/2021 Rail News: Norfolk Southern Railway
image Guests attending a ribbon-cutting ceremony included Georgia Gov. Brian Kemp, U.S. Sen. Raphael Warnock (D-Ga.), Atlanta Mayor Keisha Lance Bottoms, NS CEO James Squires (shown holding scissors) and Atlanta civic and business leaders. Photo – Norfolk Southern's Facebook page

Norfolk Southern Corp. yesterday formally opened its new headquarters in Midtown Atlanta.

Guests who attended a ribbon-cutting ceremony included Georgia Gov. Brian Kemp, U.S. Sen. Raphael Warnock (D-Ga.), Atlanta Mayor Keisha Lance Bottoms and civic and business leaders from across the city, NS officials said in a press release.

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NS posts Q3 records for income, earnings, operating ratio

Rail News Home Norfolk Southern Railway 10/27/2021 Rail News: Norfolk Southern Railway
image Norfolk Southern Corp. today reported third-quarter 2021 financial results, which included Q3 records for net income, diluted earnings per share, income from railway operations and operating ratio. Third-quarter net income was $753 million, diluted earnings per share was $3.06, income from railway operations was $1.1 billion and the operating ratio was 60.2%. Railway operating revenue increased 14% to $2.85 billion compared with Q3 2020. Railway operating expenses during the quarter rose 3% to $1.7 billion. Last year’s results included a $99 million impairment charge related to an equity method investment. Excluding the impairment charge, operating expenses were up 10% compared with adjusted operating expenses in Q3 2020, driven by higher fuel, purchased services and compensation and benefits expenses. The $1.1 billion in railway operations income was a 35% increase on a year-over-year basis. Excluding the effect of the impairment charge in Q3 2020, income from railway operations was up 21%. The operating ratio of 60.2% was an improvement of 630 basis points over Q3 2020. Excluding the effect of last year’s impairment charge, the operating ratio improved 230 basis points over the adjusted results for Q3 2020. "Our team delivered a strong financial performance in the quarter, producing a number of third-quarter records," said NS Chairman, President and CEO James Squires in a press release. "The actions taken by our employees show our commitment to find sustainable solutions for our customers and shareholders in the face of significant supply chain disruptions."

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NS donates Southern Railway archives to Atlanta museum

Rail News Home Norfolk Southern Railway 10/26/2021 Rail News: Norfolk Southern Railway
image Norfolk Southern Corp. has donated the full Southern Railway company archives, as well as $500,000, to the Atlanta History Center. The archives, which include hundreds of thousands of pages of documents — from photos to construction plans and reports — show the history of Atlanta’s transit growth from the 1840s to today. The $500,000 will help the museum digitize and preserve the collection. Southern Railway merged with Norfolk & Western in 1982 to create the present-day Norfolk Southern Railway. NS Chairman, President and CEO James Squires said the archives belong to Atlanta because of the history they represent. "The history of Southern Railway is inseparable from the history of this region," Squires said in a press release. Decades of rail history is ultimately the reason Atlanta has grown into the city it is today, said Sheffield Hale, president and CEO of the Atlanta History Center. "This collection is crucial to uncovering the many stories behind the city's transformation," Hale said. "We're excited to have the opportunity to preserve this history and make it publicly available for students and teachers, researchers, and those who are simply interested in Atlanta."

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NS mandates vaccination, sues unions

Rail News Home Norfolk Southern Railway 10/25/2021 Rail News: Norfolk Southern Railway
image NS filed the suit against the International Association of Sheet Metal, Air, Rail, and Transportation Workers and two other unions that represent its employees. Photo – nscorp.com

Norfolk Southern Railway last week filed a lawsuit that seeks to stop several labor unions from suing over the Class I’s COVID-19 vaccine mandate.

Last week, NS, represented by Jones Day, field a petition in Chicago federal court claiming the unions’ objections to the vaccine requirement must be brought in arbitration and not in court, according to a Reuters report.

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Norfolk Southern donates funds to food banks

Rail News Home Norfolk Southern Railway 9/10/2021 Rail News: Norfolk Southern Railway
image Norfolk Southern Railway yesterday announced $400,000 in grants awarded to 31 food banks located across the states it serves. The funds will support local efforts to combat food insecurity, as well as other assistance initiatives supporting children, families and senior citizens. This latest set of grants builds on NS’s longstanding commitment of giving to these critical community organizations, NS officials said in a press release. "Food insecurity impacts every community in our country and disproportionately children and senior citizens. Our role as a company is to move the goods that power the economy, and while a recovery is underway, many are still feeling the economic impact of the pandemic. Norfolk Southern is proud to partner with these food banks as a way to help make a difference by feeding and assisting those in need," said LaSandra Boykin, NS director of corporate giving. The complete list of food banks that received grants can be found on the donations can be found on the NS website.

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