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Norfolk Southern unveils latest ESG report

Rail News Home Norfolk Southern Railway 8/11/2022 Rail News: Norfolk Southern Railway
image "Norfolk Southern is a customer-centric, operations-driven company, which means helping our customers achieve their supply-chain emissions goals and reducing our own carbon footprint," said President and CEO Alan Shaw. Photo – nscorp.com

Norfolk Southern Railway yesterday released its 15th annual environmental, social and governance (ESG) report, which highlights the company's efforts to reduce its environmental impact, create a culture of inclusion, invest in its people, strengthen governance practices and help customers achieve their sustainability goals.

"Norfolk Southern is a customer-centric, operations-driven company, which means helping our customers achieve their supply-chain emissions goals and reducing our own carbon footprint," said President and CEO Alan Shaw in a press release.

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Norfolk Southern awards scholarships to railroaders' children

Rail News Home Norfolk Southern Railway 7/29/2022 Rail News: Norfolk Southern Railway
image The program will provide $2,500 per year, renewable for up to four years, for full-time students. Photo – NS

Norfolk Southern Railway yesterday announced the awardees of the Thoroughbred Scholars program, which provides scholarships of up to $10,000 to 100 children of NS employees.

The program will provide $2,500 per year, renewable for up to four years, to full-time students pursuing an undergraduate degree at an accredited two- or four-year institution. The program received more than 500 applications, NS officials said in a press release.

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NS logs record operating revenue, income in Q2

Rail News Home Norfolk Southern Railway 7/27/2022 Rail News: Norfolk Southern Railway
image Norfolk Southern Corp. today reported second-quarter 2022 railway operating revenue of $3.3 billion, up 16%, and income from railway operations of $1.3 billion, up 9% compared with Q2 2021 results. The Q2 2022 railway operating revenue reached an all-time quarterly high, with the year-over-year increase driven by a 20% hike in revenue per unit. Railway operating income also set a record. NS posted Q2 2022 net income of $819 million, about the same as a year ago, and diluted earnings per share of $3.45, a 5% increase. Railway operating expenses totaled $2 billion, a 21% increase compared with the same period last year due to higher fuel prices, lower property sales and increased costs from inflation and service challenges, NS officials said in a press release. The Class I posted a Q2 2022 operating ratio of 60.9% compared to 58.3% a year ago. "The Norfolk Southern team was able to deliver solid financial performance in the second quarter, despite network fluidity challenges,” said President and CEO Alan Shaw. “We remain steadfast in our commitment to service recovery." In the quarter, NS made "considerable progress" on staffing and launched its TOP|SPG (thoroughbred operating plan | service, productivity and growth) operating model, both of which are key to achieving the company's targeted service levels and long-term growth strategy, Shaw said. "Already, we are seeing visible upticks in qualified employees and train speeds as a result of these initiatives, and we expect to see further progress on service recovery in the months ahead," he said.

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Norfolk Southern bumps up conductor trainee pay, incentives

Rail News Home Norfolk Southern Railway 7/22/2022 Rail News: Norfolk Southern Railway
image Conductor trainees at priority locations on the NS network can earn up to $5,000 in starting bonuses. Photo – nscorp.com

Norfolk Southern Railway is increasing conductor trainee pay to $25 per hour, with a minimum of $200 in earnings per shift, the Class I announced yesterday.

Additionally, conductor trainees are eligible for an on-the-job training incentive of $300 per bi-weekly pay period, provided they make themselves available to work, NS officials said in a press release.

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NS kicks off new operating plan

Rail News Home Norfolk Southern Railway 6/27/2022 Rail News: Norfolk Southern Railway
image "Our robust hiring efforts, coupled with TOP|SPG, will enhance our overall service recovery," said NS President and CEO Alan Shaw. Photo – nscorp.com

Norfolk Southern Railway today announced the official launch of TOP|SPG, the Class I's latest operating plan designed to improve service, enhance productivity and create a platform for growth.

The plan builds on previous Thoroughbred Operating Plans (TOP) with goals for service, productivity and growth (SPG), NS officials said in a press release.

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