Tag: Norfolk Southern

Judge says railroad talks should be included in lawsuits

BY JOSH FUNK / ASSOCIATED PRESS OMAHA, Neb. — A federal judge has ruled that the details of conversations between the nation’s four largest railroads should be included in lawsuits challenging billions of dollars of charges the railroads imposed in the past. The ruling on Friday undercuts one of the defenses Union Pacific, BNSF, CSX and […]

St. Louis’ TRRA records drop in intermodal traffic

The Terminal Railroad Association of St. Louis (TRRA) logged a “noticeable” drop in recent intermodal traffic due to falling imports from China because of the COVID-19 pandemic.  TRRA also recorded a decrease in traffic volumes from auto plant shut downs in the area, TRRA officials said in a St. Louis Regional Freightway press release. Medical supplies, food, chemicals and […]

Norfolk Southern cautions feds about coronavirus risks

The coronavirus pandemic could impact the financial results of Norfolk Southern (NYSE: NSC), although the magnitude of COVID-19’s effects on the railroad’s operations remains to be seen, the railroad said in a Thursday filing to the Securities and Exchange Commission (SEC). Norfolk Southern (NS) said it didn’t take into account the pandemic when it issued its guidance for […]

Unions, community gear up as Norfolk Southern announces closure

By Eric Miller  for wdbj7.com ROANOKE, Va (WDBJ7)– For as long as there has been a Roanoke, Virginia, there have been the Roanoke Shops, machines and men cranking out locomotives, for well over a century. But in May, those tracks will fall silent. In a letter released Tuesday morning, Norfolk Southern officials say they’ll be […]

Railroads Want to Move Faster. Shippers Are Paying a Price.

Drive for efficiency and tighter schedules has left many freight shippers struggling to meet deadlines and racking up late charges By Paul Ziobro for wsj.com   Railroads are getting more efficient, and their customers are paying for it. Large railroads such as Norfolk Southern Corp.and Union Pacific Corp. are moving quickly to streamline their operations, […]

A Revolution Sweeping Railroads Upends How America Moves Its Stuff

In the biggest change in decades, freight industry switches to system with fewer trains on tighter schedules ByPaul Ziobro | Photographs by Daniel Acker for The Wall Street Journal wsj.com DECATUR, Ill.— Norfolk Southern Corp.NSC -0.29% executives, employees and customers holed up for five days recently to work on a complex puzzle. How could they unclog a sprawling freight yard in […]

Transports will ‘come to the rescue’ of any market weakness in April, technician says

Transports are picking up steam. The IYT transportation ETF has rallied more than 4% in the past week, outpacing the 2% increase on the S&P 500. Mark Newton, president of Newton Advisors, says the outperformance should continue and “come to the rescue” of any weakness elsewhere in the market this month. “We’ve seen some rotation […]

Contractors, railroads battle catastrophic flood damage

Record-setting floods have caused extensive damage to railroad infrastructure across large sections of the Midwest, prompting a surge in construction and repair work. The contracting community has put considerable numbers of workers and equipment into the field, as railroads look to rebuild washed-out sections of track. “We’re operating 24/7,” said Georgetown Rail Equipment Co. President […]

Railroads’ flood-ravaged Midwestern tracks trigger FRA emergency declaration

Federal Railroad Administrator Ronald Batory on Tuesday declared an emergency event for railroad operations because of extreme flooding throughout the Midwest. The National Weather Service has documented historic flooding throughout the region, Batory said in an emergency event announcement. Rivers rose to unprecedented levels in more than 40 locations due to melting snow and ice, […]

Train War Goes Off the Rails—And Onto Twitter

Norfolk Southern wants Amtrak to stop tweeting; passenger railroad wants less freight interference WASHINGTON—A long-running battle between Amtrak and major freight railroads over train delays has entered a new phase of hostilities: fighting about tweets. Amtrak, the national passenger railroad, has taken to using a Twitter handle, @AmtrakAlerts, to tell riders when trains are delayed, including when […]

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