March 22, 2023 | Headlines, PSR, Supreme Court
(Source: Kansas City Star, March 20, 2023) The U.S. Supreme Court has invited the federal government to weigh in on whether state and local governments can regulate how long trains can block railroad crossings. The invitation means the high court might eventually give...
March 21, 2023 | Derailment, East Palestine-NS, Headlines, NS, PSR
(Source: Freight Waves, March 18, 2023) A law firm specializing in stockholder rights is filing a class-action lawsuit against Norfolk Southern for pursuing precision scheduled railroading (PSR) and making operational adjustments such as longer trains and headcount...
March 17, 2023 | CP-KCS Merger, East Palestine-NS, Headlines, PSR, Railroad Safety, STB
(Source: The New Republic, March 15, 2023) While workers and regulators aim to get a hold on a runaway industry driven by a practice known as precision scheduled railroading, or PSR, that has cut jobs and made trains bigger and bigger — thus making the whole industry...
March 17, 2023 | Derailment, East Palestine-NS, Headlines, NS, PSR, Railroad Safety
(Source: Bloomberg Law, March 16, 2023) Rail operator Norfolk Southern Corp. and its top executives are facing a securities class action in the wake of last month’s train derailment in East Palestine, Ohio, alleging the company misled investors by ignoring the safety...
March 17, 2023 | AAR Freight Trends, Headlines, PSR
(Source: Association of American Railroads press release, March 15, 2023) The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 11, 2023. For this week, total U.S. weekly rail traffic was 458,629 carloads and intermodal...
March 16, 2023 | AAR Freight Trends, Headlines, PSR
(Source: Railway Age, March 15, 2023) Through the first 10 weeks of 2023 (ending March 11), total North American carload and intermodal traffic dipped 2.9% from same point last year, according to the Association of American Railroads’ (AAR) March 15 report. Both...
March 13, 2023 | Derailment, East Palestine-NS, Headlines, NS, NTSB, PSR
(Source: ABC News, March 12, 2023) The NTSB chief said Sunday that the agency is not satisfied with the new safety goals outlined by Norfolk Southern and that community is still reeling from the toxic spill in February. The head of the NTSB with tough words for...
March 13, 2023 | Congressional Hearing, Derailment, East Palestine-NS, Headlines, NS, NTSB, PSR
(Source: The Times Leader, March 13, 2023) A nationally recognized train safety expert is taking the railroad industry to task, calling it “one of the most protected and coddled industries in our country.” Full story: The Times Leader
March 13, 2023 | East Palestine-NS, Headlines, NS, PSR
(Source: Yahoo Finance, March 8, 2023) In a Yahoo Finance interview on the Norfolk Southern Corp. train derailments, Former Oregon Congressman and House Transportation & Infrastructure Committee Chairman Peter DeFazio insisted it’s high time the United States...
March 13, 2023 | CEO Pay, East Palestine-NS, Headlines, NS, PSR, Quarterly Income
(Source: Scripps News, March 8, 2023) A Scripps News investigation found that Norfolk Southern told the Securities and Exchange Commission (SEC) in a proxy filing that one reason top executives were given large cash awards was because of the company’s “record...
