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 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 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.
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.
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.