NS to discontinue some Roanoke operations
Norfolk Southern said Monday it will cease regional railcar classification operations at its Roanoke Terminal hump yard in Roanoke, Va., effective immediately. The move will eliminate 140 positions, NS said.
Norfolk Southern
NS 4Q and full-year results slip
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011. Per-share earnings, however, did beat Wall Street analyst estimates by 11 cents. Net income for full-year 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.
NS opens third Crescent Corridor intermodal terminal
Norfolk Southern on Monday said it has opened its third Crescent Corridor intermodal facility, a $97 million terminal in Greencastle, Pa., in the south central portion of the Keystone State.
NS touts role in industrial development
Norfolk Southern said Friday it has “participated in the location of 64 new industries and the expansion of 30 existing industries along its rail lines in 2012.”
Commentary
Words of praise for a Class I
I’ve known Andy M. Muller Jr., chairman and CEO of Reading, Blue Mountain & Northern Railroad Co., for close to 30 years, when he was just getting started in the business, operating local freight and steam-powered tourist trains on a short branch line emanating from Reading Pa.
2013 Freight Rail Outlook: The challenge of change
Resilience and resourcefulness are two terms that have become closely associated with North American railroads in recent years. The industry has emerged from the worst economic recession since the Great Depression in relatively solid shape, and enters 2013 positioned for growth.
Michigan DOT completes NS rail line buy
In time for the holiday season, the Michigan Department of Transportation (MDOT), Federal Railroad Administration (FRA) and Norfolk Southern Railway Co. (NS) have finalized a $140 million agreement for MDOT to acquire ownership of 135 miles of NS right-of-way in the Wolverine State.
New Ohio short line announced
Hannibal Real Estate of White Plains, N.Y., and Carload Express of Oakmont, Pa., on Wednesday jointly announced agreement to operate the 12.2-mile Omal railway line in Monroe County, Ohio, naming it the Ohio Terminal Railway Co.
NS welcomes Amtrak back to Norfolk
Norfolk Southern Corp. Tuesday heralded Amtrak’s return to the corporation’s headquarters city, Norfolk, Va., and the Hampton Roads area.
Train plunges off rail bridge in New Jersey
A bridge accident in Paulsboro, N.J., early Friday morning caused at least three cars of an 84-car Conrail Shared Assets train to fall into Mantua Creek. At least one car was leaking vinyl chloride, a toxic and flammable substance. The incident is under investigation.