August 29, 2015

STB approves NS acquisition of D&H lines

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The Surface Transportation Board today approved Norfolk Southern Railway Company’s (NSR) acquisition of approximately 283 miles of rail line in Pennsylvania and New York from the Delaware & Hudson Railway Company, Inc. (D&H), subject to certain conditions. The lines at issue, known as D&H’s South Lines, consist of approximately 267 miles of the main line [...]

Norfolk Southern names James Squires CEO

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Norfolk Southern Corporation March 2 announced that James A. Squires will succeed Charles W. “Wick” Moorman as chief executive officer. The action by the company’s board of directors is part of its planned succession process and will be effective June 1, 2015. Squires will continue in his current capacity as president and with all major [...]

Railroads reap record profits despite decline in traffic

The nation’s four major railroads are still carrying less freight than they were before the recession. But the last decade has been an exhilarating ride for them nonetheless — an era of growing profits, soaring stock prices and ambitious investments. For Jacksonville-based CSX Corp., freight volume has dropped 7 percent since 2004. Meanwhile, its shares [...]

NS continues actions to boost performance

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An acceleration of resource additions, coupled with the annual volume decline after Thanksgiving, should provide incremental improvements in train performance and terminal fluidity heading into next year, Norfolk Southern Corp. officials said in a service update posted on the Class I’s website on Monday. “As severe winter weather will have an adverse impact to operations, [...]

NS to buy part of northeast rail line from CP

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CALGARY – Canadian Pacific Railway Ltd. is selling a stretch of track in the northeastern United States to a major U.S. railway in a $217-million deal. Norfolk Southern plans to acquire nearly 455 kilometres of rail line from Delaware & Hudson, a CP subsidiary, between Sunbury, Pa., and Schenectady, N.Y. Read the complete story at [...]

Amtrak asks STB to investigate, NS, CSX

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WASHINGTON – Amtrak is taking action to improve the on-time performance (OTP) of its trains that operate over tracks controlled by other railroads. In a complaint filed on Nov. 17, Amtrak is asking the Surface Transportation Board (STB) to investigate Norfolk Southern Railway and CSX Transportation for causing unacceptable delays for passengers traveling between Chicago [...]

NS sues to block disclosure of crude oil shipments

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WASHINGTON – A major hauler of crude oil by rail has sued the state of Maryland to stop the public release of information about the shipments, according to court documents. The suit was filed Wednesday, the same day the U.S. Department of Transportation announced proposed rules to improve the safety of crude oil shipments by [...]

Norfolk Southern, Operation Lifesaver team up

BULLS GAP, Tenn. (WVLT) — “See tracks? Think train!” That’s the name of a new nation-wide safety campaign. Norfolk Southern and other railroads have teamed up with the non-profit, Operation Lifesaver. The group’s safety train is making its way to 9 cities in Tennessee and Virginia. It’s all part of a 5 day, 364 mile [...]

Amtrak, FRA, NS 
kick off $71M Indiana Gateway

Amtrak, the Federal Railroad Administration, Norfolk Southern, and the Indiana Department of Transportation (INDOT) have embarked on constructing the $71.4 million Indiana Gateway project, which will upgrade the right-of-way between Porter, Ind., and the Illinois state line shared by Amtrak and NS trains. The Indiana Gateway project will improve seven locations on NS’s Chicago Line [...]

Class I railroads release 4th quarter earnings

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CSX Corporation announced its fourth quarter and full-year earnings for 2013 Jan. 15. The railroad reported net earnings of $426 million or $0.42 per share for the fourth quarter. These earnings were down from the same quarter in 2012, with earnings of $449 million or $0.44 per share. Earnings dropped $37 million from the third [...]