The $387 million estimate includes the $30.9 million the railroad pledged to help residents and the community around East Palestine recover from the derailment. Citi analyst Christian Wetherbee said the railroads core results were weaker than he expected and shares were down more than 3% Wednesday afternoon at $200.58. WebNorfolk Southern honors the basic leave entitlements of the Family and Medical Leave Act, entitling employees to up to 12 weeks of unpaid job-protected leave for several reasons. And by practicing challenging or emergency scenarios regularly, overall safety and productivity correspondingly increase. The derailment cleanup has slowed traffic on a busy east-west corridor for the railroad because it has only had one of its two tracks in service since March while it is digging up contaminated soil. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation laura lehn - via Google, I highly recommend Mayflower. Both Union Pacific and Norfolk Southern are offering employees $300 if they get the shots. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. They found they can hook two trains together and cut a crew, said a Union Pacific engineer based in Cheyenne, Wyo., who spoke on the condition of anonymity out of fear for his job. Felicia Hagler - via Google, In the middle of a big move and so far Jay Casey has been immensely helpful to us with all the details! Revenue grew 7% to $3.13 billion, in line with expectations, as it increased rates for most of the cargo it delivered. Family and Medical Leave Act - Norfolk Southern CEO Alan Shawtold Congressthat he backs some proposals like enhanced standards for tank cars, but insists the data doesnt support other ideas like minimum two-person crews. When you go to work now, its like going into a funeral home, Hollandsworth said. For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2.04 down by 34% and 30%, respectively, compared to the first quarter 2022. Customers and dray carriers can also utilize AccessNS and ExpressNS+TM for information concerning their They Refused to Fight for Russia. Rail Roundup: Lawmakers want worker fatigue addressed To learn how to enable JavaScript in your browser, Rail freight carloads were down 7.4percent this November versus the prior year, according to closely watched data from the Association of American Railroads. He called it good productivity and said the company was accelerating this strategy heading into 2020. BNSF filed a Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. Norfolk Southern Unlike in the past, his colleagues probably wont be coming back. According the NS petition, Reuters reported, the unions contend that imposition of a mandate constitutes a unilateral change to bargaining agreements in violation of the federal Railway Labor Act. We had to look at our methodology of rules instruction in a different way, so that we could continue to provide our employees with the training they need to operate and work safely. Norfolk Southern and Union Pacific stocks were up 30percent last year, and Kansas City Southerns shares were up more than 60percent. ATLANTA, May 15, 2020 /PRNewswire/ --Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and successfully weather the unprecedented situation, CEO James A. Squires said Thursday at the company's annual meeting of shareholders. The class action complaint against Norfolk Southern, captioned Bucks County Employees Retirement System v. Norfolk Southern Corporation, et al. After reviewing the order carefully to be certain, we determined that we are covered under the mandate. Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. Technology allows operations to push this information to each member electronically, eliminating the need to physically report to a building. We have based these forward- looking statements on our current expectations, assumptions, estimates, beliefs, and projections. Lori Baker - via Google. The Company uses these non-GAAP financial measures internally and believes this information provides useful supplemental information to investors to facilitate making period-to-period comparisons by excluding the effects of the Incident. These and other important factors, including those discussed under Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the SEC), as supplemented in Part II, Item 1A of our Form 10-Q to be filed with the SEC on the same date as this press release, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward- looking statements. Norfolk Southern Employee Resource Center Cision Distribution 888-776-0942 Norfolk Southern Learn more by visiting www.NorfolkSouthern.com. Shaw pledged to continue working to improve that record as the railroad applies the lessons from East Palestine. Those hired know theywillbe furloughed, and many of them wont return. COVID-19 Masking Policy at Norfolk Department of "We've decongested our yards and road network, allowing cars to turn quicker in the terminals and trains to move faster on the network. That work is expected to wrap up in early June, which will boost traffic in the area. We're keeping the steel wheels moving as we play our part to keep the shelves stocked and the lights on.". You can do this by updating your Personal Information on SuccessFactors. The RLA distinguishes between minor disputes involving interpretation of terms of a CBA, which must be heard in arbitration, and major disputes over changes to agreements. Norfolk Southern Intermodal provides 24/7 automated information services for shipment tracing, billing verification, and storage charges (including the Last Free Day) through our Touch-Trace voice response system at 800-497-2919. This change resulted in a hiring process that has become wasteful and unsustainable. Earick said he used to love his job. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation in various fraud schemes involving health care services that exploited the COVID-19 pandemic and allegedly resulted in over $490 million in COVID-19 related false billings to federal COVID If youve been vaccinated, please share your status through the confidential process. Im calling this a freight recession for the railroads and trucking companies, but theres this uncertainty from trade. We dont want anyone to leave the company because of this new mandate. Norfolk Southern saw a 6percent volume decline, but crew costs were down by 13percent, said Alan Shaw, the companys chief marketing officer. Kessler Topaz Meltzer & Check, LLP Announces Investor None, the locomotive is very small environment and no changes were made to Media Relations, 404-420-4444, Investor Inquiries: When paired with operational efficiencies and industry-leading personnel, the company is positioned for future growth opportunities that will create long-term shareholder value, he said. Norfolk Southern moves to bar union lawsuits over (Photo: Jim Allen/FreightWaves) Updated with Policies | City of Norfolk, Virginia - Official Website Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Moving forward, Norfolk southern will be known for safe operations, Shaw said. Rail executives say PSR enhances on-time delivery for customers. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. Beyond not being sustainable, its not the best for safety either. Squires said the economic downturn triggered by COVID-19 will impact the railroad's business, noting that traffic volumes decreased by 11% in the first quarter of 2020 and continue to trend downward. These and other important factors, including the risks and uncertainties related to the COVID-19 pandemic and those discussed under "Risk Factors" in the Corporation's Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission ("SEC"), as well as the Corporation's other public filings with the SEC, may cause actual results, benefits, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. PSR is aided by new technology such as drones and artificial intelligence to monitor tracks and send customers alerts about train locations. The White House claimed not. Service Alert : Service Update : Read More. By leveraging the unique backgrounds and viewpoints of our employees, we can create a culture of innovation, respect, and inclusion. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Norfolk Southern NS, SMART-TD Reach Tentative Agreement on Workplace Enhancements, UP Embargo Update: Were Making Significant Progress, NARS 2023 Annual Meeting: A New Era in Railroading, MxV Rail Speeds PuebloPlex Track Construction Projects, Canadian Regulator Announces VRCPIs for Crop Year 2023-24, Class I Briefs: BNSF, CN, CPKC, CSX, CPKC/NS/UP, FRA Safety Advisory: Train Length a Critical Factor, CARB Passes New In-Use Locomotive Regulation, CN, UP, GMXT Launching Falcon Premium (Updated April 26 with UP STB Service Metrics). Heres how the new requirement affects us: Whether you support the mandate or have concerns about vaccination, lets rise to the challenge by showing each other the mutual respect that is such an important value in our culture. WebOur Vision: Be the safest, most customer-focused and successful transportation company in the world. They have a great system for tracking your belongings and a system for checking to make sure you got all of your belongings once you arrive at your destination. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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