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Can freight railroad industry maintain momentum in 2019?

(Source: Zacks.com, February 18, 2019) NEW YORK — The railroad industry seems to be poised well not only in the near term but also in the long haul on the back of robust freight demand fueled by a buoyant U.S. economy. A strong U.S. economy supports the bullishness of...

Norfolk Southern will shrink its workforce by 3,000 by 2021

(Source: Virginian-Pilot, February 16, 2019) NORFOLK, Va. — Norfolk Southern has a plan to get leaner and it involves having 3,000 fewer workers by 2021. The company recently announced its plan to satisfy Wall Street by shrinking its operating ratio to 60 by 2021. The...

Trial tied to theft of guns from Chicago train begins

(Source: Associated Press, February 12, 2019) CHICAGO — A trial linked to the theft of 27 handguns and six assault rifles from a train at a Norfolk Southern rail yard in Chicago has started in federal court. Full story: CBS Chicago