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New NS rail yard opens near Memphis

(Source: Memphis Daily News, July 26, 2012) MEMPHIS, Tenn. — Those in the logistics industry have known since the end of June, but Norfolk Southern Corp.’s Memphis Regional Intermodal Facility at Rossville had its soft opening earlier this month. Full story: Memphis...

Norfolk Southern profit up despite coal drop

(Source: Reuters, July 24, 2012) NEW YORK — Railroad company Norfolk Southern Corp (NSC.N) reported a higher quarterly profit and flat revenue, with increased general merchandise and intermodal revenue offsetting a double-digit drop in revenue from coal. The coal...

Norfolk Southern reports second-quarter earnings

(Source: Norfolk Southern press release, July 24, 2012) NORFOLK, Va. — For the second quarter of 2012, Norfolk Southern reported net income of $524 million, 6 percent lower than $557 million for the second quarter 2011. Diluted earnings per share were an all-time...

Railroad stocks mixed at close of July 12 trading

(Source: Associated Press, July 12, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on July 12, including Canadian Pacific Railway, which fell 0.2 percent, and Norfolk Southern, which rose 0.8 percent. Full story: CBS...

More volatile cargo a part of railroad accidents

(Source: Dayton Daily News, July 12, 2012) DAYTON, Ohio — The number of railroad cars carrying hazardous materials involved in accidents in Ohio increased by 152 percent in the past 10 years — from 129 in 2002 to 326 last year — but industry officials stress railroad...