Railroad News

Norfolk Southern to idle Bellevue hump yard

Rail News Home Norfolk Southern Railway 6/17/2020 Rail News: Norfolk Southern Railway
image Norfolk Southern's Bellevue yard is located in northern Ohio.Photo – nscorp.com, BizNS Winter 2015 issue

Norfolk Southern Railway has notified workers that it will close its Bellevue hump yard operation in northern Ohio, The Toledo Blade reported yesterday.

"Due to declining car volumes, NS will idle the yard's hump and begin flat switching rail cars," NS spokesman Jeff DeGraff told the newspaper. "This alteration will allow for greater efficiencies and customer service that achieves the goals set forth in the company's strategic plan."

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Volume decline prompts NS to pursue rail yard efficiencies

Rail News Home Norfolk Southern Railway 6/5/2020 Rail News: Norfolk Southern Railway
image NS aims to streamline oprtations due to slumping traffic.Photo – NS

In a service update to customers, Norfolk Southern Railway announced earlier this week that the railroad is examining its individual yards for ways to streamline operations.

The review is part of the Class I's strategic plan launched last year to create a more efficient and responsive railroad, but also is in response to lower volumes resulting from the coronavirus pandemic.

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Norfolk Southern announces financial personnel moves

Rail News Home Norfolk Southern Railway 5/19/2020 Rail News: Norfolk Southern Railway
image The personnel moves were made as part of the company's strategic plan to improve performance.Photo – nscorp.com

Norfolk Southern Corp. today announced organizational changes in its finance division as part of the company's strategic plan to improve performance and push toward a 60 percent operating ratio.

Jason Zampi, currently vice president and controller, will become VP of financial planning and analysis, a new department in the finance division. Zampi has worked for NS for nine years, serving in leadership roles in finance, treasury and accounting.

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Squires: NS adapting to pandemic's challenges

Norfolk Southern Corp. is well-positioned to "safely and successfully" weather the unprecedented situation presented by the COVID-19 pandemic, NS President and Chief Executive Officer James Squires said last week at the company's annual meeting of shareholders.

Squires addressed shareholders May 14 during the company's first virtual-only annual meeting, a board decision made in response to public health concerns and social distance guidance for the pandemic.

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NS posts lower Q1 revenue, withdraws full-year outlook

Norfolk Southern Corp. today reported first-quarter 2020 railway operating revenue fell 8 percent to $2.6 billion compared to first-quarter last year, driven by an 11 percent decline in total volume.

Operating expenses during the quarter were $2.1 billion, which included a $385 million non-cash charge related to locomotives marketed for sale and/or disposed of as part of the Class I's introduction of a precision scheduled railroading operating model.

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