CSX, NS, UP, CN Renew Petition to Stay Requirement That Class I’s Commit to Arbitration Program

CSX, Norfolk Southern (NS), Union Pacific (UP) and the U.S. operating subsidiaries of CN on Feb. 3 renewed their request that the Surface Transportation Board (STB) stay its requirement that the Class I railroads commit to a new arbitration program for small rate disputes.

Report: Chicago City Council Approves NS Englewood Rail Yard Expansion

The Chicago City Council on Feb. 1 approved Norfolk Southern’s (NS) 15-year effort to double the size of its storage yard in Englewood, according to a WTTW News report.

From Left to Right: PST President and CEO Rushi Patel; MARS Past President Carrie Evans and new MARS President Kathy Bathurst; and Metro Transit Police Chief Ernest Morales III.

People News: PST, MARS, SEPTA, Met Council/Metro Transit

PS Technology (PST) appoints Rushi Patel President and CEO. Also, the Midwest Association of Rail Shippers (MARS) welcomes new officers and executive director; the Southeastern Pennsylvania Transportation Authority (SEPTA) appoints Ronald Keele new Chief Safety Officer; and Minnesota’s Metropolitan Council (Met Council) selects Ernest Morales III as Chief of the Metro Transit Police Department.

For NS, $3.2B in 2022 Economic Development

Norfolk Southern (NS) customers invested $3.2 billion in industrial development projects along its network in 2022.

STB Denies Request to ‘Stay’ Requirement That Class I’s Commit to Arbitration Program (Updated)

CSX, Norfolk Southern (NS), Union Pacific (UP) and the U.S. operating subsidiaries of CN on Dec. 29, 2022 requested that the Surface Transportation Board (STB) stay its requirement that the Class I railroads commit to a new arbitration program for small rate disputes. STB on Jan. 23, 2023 denied the request.

“Our team delivered double-digit percentage growth in revenue, as well as earnings per share and achieved record revenue and operating income for the year," NS President and CEO Alan H. Shaw said.

NS 4Q: ‘Double-Digit Percentage Growth’ (UPDATED, Cowen)

For Norfolk Southern (NS), fourth-quarter 2022 railway operating revenue was $3.2 billion, up 13%, or $385 million, compared with fourth-quarter 2021, a “fourth-quarter record” driven by a 15% increase in revenue per unit, the Class I reported Jan. 25.

NS on Jan. 17 honored 15 customer and supplier recipients of its inaugural Thoroughbred Sustainability Partner Awards, which honor corporate programs in three categories: achieving “significant energy efficiency savings”; implementing “innovations that have significantly contributed to a more sustainable future”; and working to “promote stewardship of the environment.” (Photograph Courtesy of NS)

Class I Briefs: BNSF, CP, NS

Following weather-related service challenges at the end of December, BNSF reports that overall car velocity for the week ending Jan. 17 is up more than 8% vs. last month. Also, Canadian Pacific

Virginia CTB Approves New Rail Spur at Hershey Chocolate Facility

The Virginia Department of Rail and Public Transportation (DRPT) announced Jan. 18 that the Commonwealth Transportation Board (CTB) has approved a $450,000 grant through the agency’s Rail Industrial Program to Hershey Chocolate of Virginia Inc. for construction of a new 4,750-foot rail spur to be served by Norfolk Southern (NS) at the snack company’s Augusta County facility.

Commentary

Crew Call: Luther Yard

Meet some of Norfolk Southern’s crew from Luther Yard in St. Louis, Mo.

Railway Age’s 2023 ‘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.

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