Norfolk Southern Corp. reported third-quarter net income of $506 million, up 10% on-year, as income from railway operations increased 11% to $911 million and the operating ratio fell to a quarterly record 65.9%. Earnings per share totaled $1.75, up 13% from the previous year.
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Railhead Corp. announced that it has signed a three-year contract with RailMarketplace, an e-commerce exchange created by BNSF Railway, CN, Canadian Pacific Railway, CSX Transportation, Norfolk Southern and Union Pacific Railroad.
Norfolk Southern issued the following service advisory on Oct. 6 in anticipation of Tropical Storm Nate strengthening into a full-fledged hurricane and making landfall on the U.S. Gulf Coast:
Norfolk Southern on Oct. 3 appointed 32-year railroad veteran Fredric M. Ehlers as Chief Information Officer, effective immediately. He will continue serving as Vice President Information Technology, a position he has held since 2013.
Norfolk Southern Corp. announced that its board of directors has elected William A. Galanko and John M. Scheib to new positions of responsibility, effective Oct. 1.
The Norfolk Southern Foundation is donating $100,000 and will match certain NS employee gifts as part of efforts to help people recover from Hurricane Irma.
INDIANAPOLIS: Norfolk Southern has reached a preliminary agreement with Progress Rail, a wholly owned subsidiary of Caterpillar Inc., for Guardian End-of-Train (EOT) devices. Progress Rail, which announced the agreement at Railway Interchange 2017, will deliver the devices, described “state-of-the-art,” to NS for use on a portion of its fleet by the end of this year. Terms of the contract were not disclosed.
Traffic on U.S. railroads totaled 486,474 carloads and intermodal units, up 0.8% compared with the same week in 2016.
Railroads restarted some services in Florida following Hurricane Irma, and began to assess damage throughout the southeast region.