Norfolk Southern (NS) on Nov. 21 reported executing a purchase agreement to acquire substantially all the assets of the 337-mile Cincinnati Southern Railway (CSR), which runs between Cincinnati, Ohio, and Chattanooga, Tenn. The $1.62 billion deal is expected to close in first-half 2024.
Atlanta, Ga.-based Norfolk Southern (NS) has committed $750,000 to the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC), which will create a new initiative for entrepreneurs in sustainability-focused technology.
With the purchase of a 43-mile railroad branch and the leasing of a 20-mile branch from Norfolk Southern (NS), R.J. Corman Railroad Company is launching the Raleigh and Fayetteville Railroad, LLC (RFCC), its 19th short line.
Norfolk Southern (NS) Executive Vice President and Chief Operating Officer Cindy Sanborn will pass the throttle to Paul Duncan on Jan. 1, 2023, the Class I railroad reported Nov. 14.
The Surface Transportation Board (STB) on Nov. 10 granted a joint motion to amend the procedural schedule of its decision on the dispute between Amtrak on one side and CSX, Norfolk Southern (NS), and the Alabama State Port Authority and its Terminal Railway Alabama State Docks division (collectively, the Port) on the other for Gulf Coast passenger rail service. The Board had previously granted an extension to Dec. 1 of mediation.
The Surface Transportation Board (STB) on Oct. 28 ordered all Class I railroads to submit weekly performance and monthly employment data for six additional months, until May 5, 2023. BNSF, CSX, Norfolk Southern (NS) and Union Pacific (UP) must also submit biweekly service progress reports for another six months as well as an interim update, due Dec. 2, 2022, that covers performance and labor force targets and any service recovery plan modifications.
Through its “robust hiring initiatives and the launch and execution of its new operating plan, TOP|SPG,” Norfolk Southern (NS) achieved “record financial results and improved service levels for its customers” in third-quarter 2022, said President and CEO Alan Shaw during an Oct. 26 announcement.
Officials broke ground on Oct. 25 on the largest CREATE project to date, The Forest Hill Flyover (P3), at CSX Forest Hill Railroad Yard.
The New York Metropolitan Transportation Authority’s (MTA) transition to “tap and go” payment system, One Metro New York (OMNY), may take until June 2025. Also, Dallas Area Rapid Transit (DART) will provide free transportation to polling locations on Nov. 8; the Massachusetts Bay Transportation Authority (MBTA) expands Pay-Per-Use limited fare program to local employers; and the City of Charlotte approves $14.8 million to expand Charlotte Area Transit System (CATS) rail yard.
Jacksonville, Fla.-based Patriot Rail Company LLC announced Oct. 19 that Jerry Hall has been appointed Chief Operating Officer (COO).