The federal deadline for employees to be fully vaccinated is December 8. OMAHA, Neb. Regulatorsandmembers of Congresshave proposed reforms like capping freight trains lengths and setting standards for the trackside detectors used to spot problems. 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. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. 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. Copyright 2023 The Associated Press. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. 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. Norfolk Norfolk has access to roughly $26 million in federal money to help the city government respond to the coronavirus pandemic. "The entire Norfolk Southern team has rallied around our customers, and we're delivering with the best service product in the history of our company. While the Corporation believes these expectations, assumptions, estimates, and projections are reasonable, forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Corporation's control, including but not limited to: general North American and global economic conditions; changes in energy prices and fuel markets; uncertainty surrounding timing and volumes of commodities being shipped; changes in laws and regulations; uncertainties of claims and lawsuits; labor disputes; transportation of dangerous goods; effects of changes in capital market conditions; and severe weather. Expenses jumped 32% to $2.4 billion, along with labor expenses tied to significant hiring over the past year and a new contract for employees. (Photo: Jim Allen/FreightWaves) Updated with Norfolk Southern estimates Ohio derailment will cost $387M, New treatment for newborns with opioid withdrawal shows promise, study says, Manhunt continues for man accused of gunning down neighbors, Feds: Hospitals that denied emergency abortion broke the law, House Speaker McCarthy to address Israels Knesset. Norfolk Southern said it has already spent about $55 million to dig up and remove nearly 34,000 tons of contaminated soil and trucked away another 13.2 million gallons of tainted water. NS Requiring COVID-19 Vaccinations for All Employees Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. 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. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. In his remarks, Squires expressed confidence in the Norfolk Southern team, saying the company's agile response to the coronavirus pandemic demonstrates the railroad's resilience and unwavering commitment to customers and the communities it serves. U.S. Customs and Border Protection Norfolk Southern and other major freight railroads have announced new safety measures, including more than 1,000 more trackside detectors. A Norfolk Southern spokeswoman said the company was focused on increasing efficiency and profitable growth and that as our business changes, so too do our personnel needs. Union Pacific stressed the environmental benefits of moving goods by rail instead of truck. Electrical Software Engineer Career Development Center Everyone took really good care of our things. While acknowledging that Norfolk Southern is not immune to COVID-19 disruptions, Squires reaffirmed his confidence in the company's overall financial standing, with access to ample liquidity and the lowest levels of capital expenditures since 2010. 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. "As they always do in a crisis, our employees responded heroically," Squires said. But theyre not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut, forcing inspections to be rushed and leaving train crews on call 24-7. More than 20,000 rail workers have lost their jobs in the past year, the biggest layoffs in rail since the Great Recession and a nearly 10percent decline in rail employment, according to Labor Department data through November. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. But, as mentioned, when detailing how to lessen the spread of disease with technologysustainability efforts would benefit as well. Prior to Covid, railroads sought to shed assets and reduce workforce size to increase shareholder return and decrease operating ratios. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. While the Company believes that these non-GAAP financial measures are useful in evaluating the Companys business, this information should be considered as supplemental in nature and is not meant to be considered in isolation from, or as a substitute for, the related financial information prepared in accordance with GAAP. Having an immediately accessible and mobile approach to these maintenance tasks for refresher trainers at set intervals will be crucial. And by practicing challenging or emergency scenarios regularly, overall safety and productivity correspondingly increase. Theyve gone from a mile, mile and a quarter, to two to three miles long, said Scott Wilcox. Norfolk Southern saw a 6percent volume decline, but crew costs were down by 13percent, said Alan Shaw, the companys chief marketing officer. About Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. 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. Norfolk Southern estimates Ohio derailment will cost $387M The railroads defend their record as the safest way to transport hazardous chemicals over land and say recent changes to eliminate nearly one-third of all rail jobs and rely more on fewer, longer trains havent compromised safety. My wifes freaking out. If youre trying to save money, you cut people like crazy.. Yet the National Transportation Safety Board and Federal Railroad Administration are investigating the railroads practices to see where they can be improved. We have based these forward- looking statements on our current expectations, assumptions, estimates, beliefs, and projections. Thats better than the three previous years but still worse than a decade earlier when it reported 11.4 total accidents per million miles. Workers in this longtime railroad hub are on edge, saying this feels different from past rail downturns. Norfolk Southern Shareholder Action Reminder Thank you for all you do to serve our customers and communities.. ATLANTA, April 26, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. COVID-19 vaccines are available to USC students, faculty, and staff through USC Student Health and USC Pharmacies. Norfolk Southern Railway Co has filed a lawsuit seeking to block its employees' unions from suing over a COVID-19 vaccine mandate and to prevent its 2 killed, 4 wounded in Mississippi shooting; man arrested, 150 years later, Dixon bridge tragedy among nation's worst, Presidential candidate Vivek Ramaswamy says he wants to 'shut down the FBI' and replace it with something that sounds a lot like the FBI, Sanders: Biden could win in a landslide, Sacred Mysteries: A vaulted cavern of gold mosaic off Goodge Street. Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. Our emphasis on superior service will continue to drive our long-term growth strategy. Norfolk Southern COVID-19 Vaccines COVID-19 Vaccines Published October 4, 2020 Last Updated April 4, 2023, 7:11 pm Vaccines are crucial tools in the fight against deadly infectious diseases. From the start of the pandemic, weve put a priority on maintaining safe and healthy workplaces as we pull together to keep our economy moving. Norfolk Southern and other major freight railroads have announced new safety measures, including installing more than 1,000 more trackside detectors. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. 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. 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. The Company recognized $387 million of expenses during the first quarter related to the Incident. Income from railway operations in the first quarter 2023 was $711 million including a $387 million charge associated with the Eastern Ohio Incident, a 34% decline compared to $1.1 billion in the first quarter of 2022. 1.16, has been designated as a variant under monitoring by the World Health Organization. This greatly decreases chances for infection. But even if Trumps trade war ebbs, many of the $70,000-a-year conductor and maintenance jobs are unlikely to return. Railroad worker checking up wheels and braking system of freight train. Staffing Efficiencies Closely Tied to Safety and Resiliency. Digitizing these processes eliminates maintenance costs and frees real estate for other purposes. Will your logo be here as well?. Norfolk Southern To find a Port of Entry in your state or territory, select it in the map below or use the form in the right column. Its unsafe to have rail crossings blocked so long.. Squires addressed shareholders during the company's first virtual-only annual meeting, a board decision made in light of public health concerns and social distancing guidance arising from the COVID-19 pandemic. These efficiency gains helped the railroad achieve an adjusted operating ratio of 63.7% in the first quarter of 2020, when excluding the charge related to the disposition of locomotives. Norfolk Southern You can find more information by visiting a new COVID-19 resource page. But theyre not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut, forcing inspections to be rushed and leaving train crews on call 24-7. OUR MISSION. Luke Nichols, 470-867-4807. Its at least a 50 page per trip process to get from point A to point B, and that is entirely unacceptable. Moving forward, Norfolk southern will be known for safe operations, Shaw said. And in light of COVID, safety has expanded to include a focus on resiliency, as a tighter headcount requires a more proactive approach to keep trains running on schedule. In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. Cision Distribution 888-776-0942 With the financial collapse of 2008 and a change in generations, rail workers stopped relying on the work and returned in smaller numbers. Machinist (Diesel Engine Mechanic) - Kansas City, MO Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Norfolk Southern and SMART-TD reach comprehensive tentative agreement on quality-of-life benefits, Norfolk Southern reports first quarter 2023 results. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. Hard working, fast, and worth every penny! We fundamentally changed the way we operate over the last 2 years, said Bryan Tucker, vice president of communications at CSX. When typing in this field, a list of search results will appear and be automatically updated as you type. WebAt Norfolk Southern, we believe in celebrating our individuality. But theyre not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut.