Latest posts about Norfolk Southern
Page 1 of 3 pages.
Norfolk Southern commits more than $200M into Alabama-based 3B Corridor
August 5, 2024
The company said it will invest more than $200 Million into the 3B Corridor, which it said connects markets in northern and central Alabama to the Port of Mobile, as well as global destinations. And it added that this investment helps to position NS to be equipped to handle expected growth across various Southeastern sectors.
Norfolk Southern shareholders sign off on 10 board of directors nominees
May 9, 2024
Facing questions about its leadership in advance of its Annual Meeting of Shareholders today, due to a proxy bout and attempted management takeover by activist investor Ancora Alternatives LLC, Atlanta-based Class I railroad carrier Norfolk Southern is likely breathing a collective sigh of relief today.
Norfolk Southern-Ancora Holdings proxy battle accelerates
April 29, 2024
Battle lines continue to be drawn in the proxy bout and attempted management takeover of Atlanta-based Class I railroad carrier Norfolk Southern by activist investor Ancora Holdings LLC.
Norfolk Southern announces preliminary $600 million agreement focused on settling East Palestine derailment lawsuit
April 9, 2024
NS officials said that should this agreement be approved by the court, it will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.
STB Chairman Oberman takes activist investor Ancora to task for its attempt to take over Norfolk Southern
March 5, 2024
At this point, anyone who has seen Martin J. Oberman, Chairman of the Surface Transportation Board (STB), a Washington, D.C.-based independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, speak at a freight railroad conference, knows he is not holding anything back. That again was the case, when he gave a keynote speech at last week’s Southeastern Association of Rail Shippers (SEARS) 2024 Spring Meeting in Atlanta.
One-year past Norfolk Southern East Palestine derailment, Cantwell calls for passage of Railway Safety Act
February 6, 2024
As February 3 marked the one-year anniversary of the derailment of a Norfolk Southern freight train, transporting hazardous materials, on the Ohio-Pennsylvania border, Senator Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation took the opportunity to make the case for Congress to sign off on the Railway Safety Act, which was approved by the committee in May 2023 and now continues to await Senate approval.
Canadian National and Norfolk Southern are set to launch a new domestic intermodal service
September 12, 2023
CN and NS officials said that this new service will provide customers with an integrated, market-competitive, and efficient all-rail service. And they added that this service will connect CN-served Canadian markets with Norfolk Southern-served Kansas City and Atlanta, which they referred to as the heart of the fast-growing manufacturing and consumer base in the Southeastern U.S.
NS President and CEO Shaw testifies before Senate EPW Committee on East Palestine train derailment
March 9, 2023
Earlier today, Alan Shaw, president and CEO, of Atlanta-based Class I railroad carrier Norfolk Southern provided testimony at a U.S. Senate Committee on Environment & Public Works (EPW) hearing, regarding the February 3 derailment of an NS train in East Palestine, Ohio.
FRA announces plan to conduct safety assessment of Norfolk Southern’s operations
March 8, 2023
Following Atlanta-based Class I railroad carrier Norfolk Southern (NS) roll out of a six-point plan this week to “immediately enhance the safety of its operation,” which was based on preliminary findings made by the National Transportation Safety Board (NTSB) after an NS train derailed in East Palestine, Ohio on February 3, the United States Department of Transportation’s Federal Railroad Administration (FRA) today said it will be conducting a 60-day assessment of NS, related to the derailments and other NS safety-related...
Norfolk Southern rolls out six-point plan focused on safety operations
March 6, 2023
Atlanta-based Class I railroad carrier Norfolk Southern (NS) rolled out a six-point plan to “immediately enhance the safety of its operations.” The company said that this plan is based on preliminary findings made by the National Transportation Safety Board (NTSB) after an NS train derailed in East Palestine, Ohio on February 3.
Crisis averted on U.S. railroads, with carriers and unions reaching tentative agreements
September 15, 2022
Leading up to this development, there had been a high level of uncertainty and anxiety among supply chain stakeholders through multiple modes of freight transportation, with a 12:01 A.M. September 16 deadline marking the end of a 30-day “cooling off” period between the 12 United States-based railroad labor unions and six largest freight railroad carriers (even though the majority of the 12 unions had reached tentative labor agreements prior to the tentative deal being struck).
CSX announces plans to acquire Pan Am Railways’ New England operations
December 1, 2020
Jacksonville, Fla.-based Class I railroad CSX said this week that it has inked a definitive agreement to acquire North Billerica, Mass.-based short-line railroad carrier Pan Am Railways Inc. Financial terms of the acquisition were not disclosed, and the transaction is subject to regulatory review and approval by the Surface Transportation Board, CSX officials said.
NS executive highlights the need for freight rails to take a more customer-focused service approach
November 30, 2020
As things have been upended on many fronts over the course of 2020, due to the ongoing COVID-19 pandemic, many trends within the freight railroad sector that were already evident have been accelerated by the pandemic. That was a key takeaway at the virtual RailTrends conference earlier this month, which was hosted by Progressive Railroading Magazine and independent railroad analyst Tony Hatch, from Alan Shaw, Executive Vice President and Chief Marketing Officer for Class I railroad carrier Norfolk Southern.
STB says five U.S.-based Class I railroads are revenue adequate for calendar year 2019
October 8, 2020
The Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, recently announced that it made its annual determination of revenue adequacy for United States-based Class I railroads for calendar year 2019.
Railroads are keeping goods rolling amid COVID-19 pandemic
April 22, 2020
While United States motor carriers have received a well-deserved amount of praise over the last six weeks, of the COVID-19 pandemic, by moving freight such as medical supplies, PPE equipment and gear, groceries, and other essential goods, another mode of freight transportation, namely railroads, have also gone above and beyond in helping and aiding Americans in various ways.