August 11, 2022 | Amtrak, CSX, Headlines, NS, STB
(Source: Freight Waves, August 10, 2022) Deliberations at the Surface Transportation Board over whether Amtrak should be allowed to reestablish Gulf Coast service between Mobile, Alabama, and New Orleans are still ongoing, and all the parties appear to be holding fast...
August 8, 2022 | CEO Pay, Headlines, NS
(Source: Defense World, August 6, 2022) Norfolk Southern Co. Director James A. Squires sold 105,420 shares of the stock in a transaction that occurred on Tuesday, August 2. The stock was sold at an average price of $248.81, for a total value of $26,229,550.20....
August 5, 2022 | CSX, Headlines, NS, Ports, PSR
(Source: CNBC, August 5, 2022) Port productivity remains a huge hurdle for the U.S. supply chain as billions of dollars of products are at anchor or landlocked, and a shift to use of East Coast ports over West Coast ports creates new pressures. Norfolk...
August 2, 2022 | Amtrak, CSX, Headlines, NS, STB
(Source: Trains Magazine, July 29, 2022) The launch of Amtrak Gulf Coast service without infrastructure improvements would cause “immediate and future impairment to freight service that is unreasonable under any definition,” CSX Transportation and Norfolk Southern...
August 2, 2022 | Amtrak, CSX, Headlines, NS, STB
(Source: Progressive Railroading, August 1, 2022) Amtrak late last week filed with the Surface Transportation Board a supplemental brief and evidence in the railroad’s quest to relaunch passenger-rail service along the Gulf Coast. In its latest filing with the STB,...
July 29, 2022 | Headlines, NS
(Source: Norfolk Southern press release, July 28, 2022) ATLANTA, Ga. — One hundred children of Norfolk Southern Corporation employees will receive college scholarships of up to $10,000 over four years through the company’s new Thoroughbred Scholars...
July 28, 2022 | Headlines, NS, Quarterly Income
(Source: Associated Press, July 27, 2022) Norfolk Southern continued to struggle with the delivery delays that have plagued freight railroads this year and reported flat second-quarter profit as the number of shipments it delivered slipped 3%. The railroad used rate...
July 28, 2022 | Headlines, NS, PSR
(Source: Trains Magazine, July 27, 2022) Norfolk Southern has resumed hump operations at its classification yards in Macon, Ga., and Bellevue, Ohio, as part of the new operating plan it began rolling out last month. Both yards were converted to flat-switching...
July 27, 2022 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, July 27, 2022) ATLANTA — Norfolk Southern Corporation today announced second quarter 2022 financial results which included quarterly records for railway operating revenues, income from railway operations, and diluted earnings...
July 21, 2022 | BNSF, CSX, Headlines, NS, PSR, Shippers, UP
(Source: Daily Herd Management, July 18, 2022) Rail retains a vital role in the transportation of goods across the U.S., but this year, the 140,000- miles worth of railroad tracks across the country haven’t been immune to the supply chain chaos plaguing U.S....
