Railroad News

NS readies operating plan for precision scheduled railroading

Norfolk Southern Corp. is preparing to roll out the Class I’s new precision scheduled railroad operating plan known as TOP21.

The initiative is a key component of NS's new three-year strategic plan to "Reimagine Possible" in all aspects of its business operations. In April, the company announced that the first phase of TOP21 will focus on the general merchandise market.

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NS recognizes 58 chemical customers for safe hazmat practices

Rail News Home Norfolk Southern Railway 5/24/2019 Rail News: Norfolk Southern Railway
image The award is part of an NS initiative to promote safe rail-shipping practices.Photo – nscorp.com

Norfolk Southern Railway has recognized 58 of its chemical shipper customers with the Class I's 2018 Thoroughbred Chemical Safety Award.

The award is part of an NS initiative to promote safe rail-shipping practices in communities the railroad services, according to an NS press release.

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Norfolk Southern's strategic plan is producing results, Squires says

Norfolk Southern Railway in 2019 is "reimagining possible" in all aspects of its business to improve customer service, increase efficiency, drive growth and create shareholder value, President and Chief Executive Officer James Squires Squires said today at the company's annual shareholders meeting.

"We are moving full speed ahead with a new plan for the future that provides a clear path to continued success — success that benefits our customers, our employees, and our shareholders,” said Squires in a press release.

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Norfolk Southern serves new rail transfer facility in New York

Norfolk Southern Railway and the Wyoming County Industrial Development Agency (IDA) recently marked the opening of a new multimodal transfer facility in Gainesville, New York.

The Wyoming Transfer Station will serve companies interested in shipping by rail. It represents the final stage of Wyoming County's rail initiative, which began in 2008 and represents a nearly $1 million investment from the New York State Department of Transportation's (NYSDOT) multimodal program, the Wyoming County IDA, Wyoming County and private site work provided by Marquart Cos., according to an IDA press release.

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Norfolk Southern sets multiple records in Q1, announces new appointments

Norfolk Southern Corp. today reported first-quarter 2019 net income rose 23 percent year over year to $677 million, as a result of a 16 percent increase in income from railway operations and a boost in other income.

Diluted earnings per share jumped 30 percent to $2.51 compared with Q1 2018. The Class I logged operating revenue of $2.8 billion, a first-quarter record and a 5 percent year over year increase. NS attributed the revenue growth to a rise in revenue per unit, resulting from higher rates and fuel surcharges.

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