April 19, 2014

Class I railroads release 4th quarter earnings

CSX_logo

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 [...]

Class I railroads release 3rd quarter earnings

CSX Corporation announced Oct. 15 that they had net earnings of $463 million or $.046 per share for the third quarter of 2013. Earnings for the same quarter last year were $455 million or $.44 per share. Earnings are up by $8 million over last year, but down $72 million from the second quarter of [...]

Norfolk Southern Railway sued by EEOC

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Company refused to allow employee with disability to return to work after treatment, federal agency charges ATLANTA – A Norfolk, Va.-based railway company unlawfully discriminated against an employee because of his disability, degenerative disc disorder, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit it filed Sept. 23 in Atlanta. According to the [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced July 16 second quarter net earnings of $535 million or $0.52 per share. For the second quarter of 2012, CSX earned $512 or $0.49 per share. According to these figures, CSX is up a profit of $23 million over last year’s earnings for the same quarter. CSX attributes these profits to overall [...]

NS, CSX optimistic about 2013

A few weeks shy of their respective first quarter earnings announcements East Coast-based Class I railroads Norfolk Southern and CSX are feeling pretty good about their businesses. Norfolk Southern CEO Wick Moorman stated in the company’s 2012 annual report that the future is promising for the rail carrier, which saw 2012 come in as its [...]

OSHA slams Norfolk Southern again

OSHA logo; OSHA

WASHINGTON – Norfolk Southern Railway Co. has been ordered to pay $1,121,099 to three workers following an investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration, which found that the company violated the whistleblower provisions of the Federal Railroad Safety Act. Two investigations, conducted by OSHA staff in Chicago and Pittsburgh, found [...]

Sheriff: NS engineer shot himself

HURLEY, Va. —  The Norfolk Southern locomotive engineer who suffered a bullet wound in the NS Hurley yard here Sept. 20 reportedly confessed to shooting himself, according to news reports citing the sheriff’s office in Buchanan County, Va. Hurley is some 100 miles south of Charleston, W.Va. Engineer Mark Jarrell, 41, of Canada, Ky., suffered [...]

No defense for violating worker rights

OSHA logo; OSHA

Even when railroads return workers to their jobs with full back pay after wrongly terminating them for suffering a workplace injury, significant monetary sanctions may still be imposed by the Department of Labor’s Occupational Safety and Health Administration (OSHA). Case in point is Norfolk Southern, which was ordered to pay damages in excess of $580,000 [...]

NS: More than a hat trick or golden sombrero

OSHA logo; OSHA

In ice hockey, the scoring by one player of three goals is called a “hat trick.” In baseball, a player striking out four times in a single game is said to have earned a “golden sombrero.” Norfolk Southern’s feat is to have earned from OSHA a still unnamed fifth significant sanction in recent months for [...]

Every tool in use to protect members’ jobs, safety

Mike Futhey

Delivering on the theme of the 2012 regional meetings – “We will not back down” – UTU International President Mike Futhey told more than 1,000 attendees at the Memphis meeting how the UTU is using every tool available – negotiations, legislative and legal — to defend its members’ jobs and workplace safety. * On the [...]