NS Adds Hybrid Cranes to Chicago, Atlanta Terminals
Norfolk Southern (NS) has completed installation of five diesel-electric hybrid overhead gantry cranes at intermodal terminals in Chicago (Landers Yard; two) and Atlanta (Inman Yard; three).
Norfolk Southern
R.J. Corman to Launch KXCG
With the purchase of two branch lines from Norfolk Southern (NS), R.J. Corman Railroad Company is launching the Knoxville and Cumberland Gap Railroad, LLC (KXCG), its 18th short line.
New Frac Sand Transload Opens in Pennsylvania
Smart Sand, Inc. has started operating and delivering sand to its new Norfolk Southern-served transload in Waynesburg, Pa.
NS Reports 4Q, Full-Year ’21 Financials, Board Changes
Norfolk Southern (NS) on Jan. 26 reported fourth-quarter 2021 results, including net income of $760 million, up 13% from the same period in 2020; diluted earnings per share of $3.12, up 18% from 2020; and an operating ratio of 60.4%, a fourth-quarter record, down 140 basis points from the 2020 period. The Class I also named Amy E. Miles Non-Executive Board Chair, effective May 1.
DOT to STB: ‘Set a Precedent’ in Amtrak Gulf Coast Case
The U.S. Department of Transportation (DOT) and the Federal Railroad Administration (FRA) have been allowed to file additional comments with the Surface Transportation Board (STB) regarding Amtrak’s application to operate Gulf Coast service.
Railway Age’s 2022 ‘Fast Trackers’ 25 Under 40 Honorees
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Virginia Advances Plans to Return Rail to New River Valley
The Commonwealth of Virginia and Norfolk Southern (NS) have finalized a definitive agreement that will increase existing Amtrak service to Roanoke and expand service to the New River Valley, they reported on Jan. 13.
Commentary
First Thing We Do Is Automate All the Trains
FINANCIAL EDGE, JANUARY 2022 ISSUE: It might be the meme of all memes, at least for the COVID-19 pandemic: Al Pacino’s iconic “Just when I thought I was out, they pull me back in!” right before collapsing from a diabetic stroke, sums up what Omicron feels like (collapse included).
New U.S. Steel Facility Coming To Arkansas
United States Steel Corp. reported on Jan. 11 that it will build a $3 billion steel mill in Osceola, Ark., to be served by BNSF.
NS, STB Talk ‘Reciprocal Switching’
Norfolk Southern (NS) and Surface Transportation Board (STB) officials met last month to address reciprocal switching regulations, which STB first proposed in 2016 and has been encouraged to review by an Executive Order on competition issued in 2021.