Norfolk Southern

April 13, 2015
Class I

NS to Wall Street: Expect lower 1Q 2015 earnings

While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New York Stock Exchange closing bell on April 13, 2015, that it expects its first-quarter diluted earnings per share to be $1.00, 15% below the same quarter in 2014.

April 13, 2015
C&S/IT

Dispatcher’s delight

Dispatching, says Norfolk Southern Manager-Dispatch Planning Systems Charlie Turnipseed, “is like a game of chess.” Like chess players, train dispatchers are constantly thinking ahead, planning movements, moving “pieces”—trains—across the “board”—the railroad’s 22-state, 11-operating-division, 20,000-mile system—and dealing with “opponents”—the numerous types of events that can impact a train’s movement between origin and destination.

March 30, 2015
Class I

NS launches $53 million energy conversion project at Juniata Locomotive Shop

Norfolk Southern launched a $53 million energy conversion project at its Juniata Locomotive Shop in Altoona, Pa., that will substantially reduce carbon emissions and water usage at the historic 70-acre facility.

March 25, 2015
Class I

NS annual report reflects “outstanding year”

Norfolk Southern’s 2014 Annual Report, titled “Behind Every Train,” highlights “record-setting net income, revenues, operating income, earnings per share, and operating ratio.” “2014 was an outstanding year,” said CEO Wick Moorman. “Our performance during the year demonstrated the increasing demand for our services, the growing value of freight rail transportation in the marketplace, and Norfolk Southern’s progress in enhancing service to meet the needs of customers and create long-term value for shareholders.”

March 19, 2015
Class I

Norfolk Southern expands “Railroad University”

Norfolk Southern on March 18, 2015 held a ribbon-cutting ceremony to celebrate the expansion of its “Railroad University” and “redoubled its commitment to superior transportation services for its present and future rail customers.”

March 05, 2015
Class I

NS names Squires CEO, succeeding Moorman

Norfolk Southern has named James Squires chief executive officer, succeeding Wick Moorman. The action by the company’s board of directors is part of its planned succession process and will be effective June 1, 2015.

February 13, 2015
Class I

Delaware green groups target CBR activity

Two environmental groups on Thursday, Feb. 12, 2015 sought legal advice from a Delaware Superior Court judge on a forum to appeal state action expanding crude-by-rail (CBR) activity in the First State.

January 27, 2015
Class I

NS Roanoke offices to close

Norfolk Southern on Jan. 27, 2015 said that it will close its Roanoke office building at 110 Franklin Road SE later in the year and relocate the functions currently housed there to Atlanta, Ga., or its Norfolk, Va., headquarters. The move will affect about 500 of the 1,700 people work currently work for NS in Roanoke.

January 26, 2015
Class I

Record quarter, year for Norfolk Southern

Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a $2.4 billion 2015 capital investment program.

January 15, 2015
Class I

Norfolk Southern’s Don Seale to retire

Donald W. Seale, Executive Vice President and Chief Marketing Officer of Norfolk Southern Corp., has announced his plan to retire effective March 1, 2015.