Railroad News

Norfolk Southern sets multiple records in Q1, announces new appointments

Norfolk Southern Corp. today reported first-quarter 2019 net income rose 23 percent year over year to $677 million, as a result of a 16 percent increase in income from railway operations and a boost in other income.

Diluted earnings per share jumped 30 percent to $2.51 compared with Q1 2018. The Class I logged operating revenue of $2.8 billion, a first-quarter record and a 5 percent year over year increase. NS attributed the revenue growth to a rise in revenue per unit, resulting from higher rates and fuel surcharges.

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NS introduces new mobile app for shippers

Rail News Home Norfolk Southern Railway 4/17/2019 Rail News: Norfolk Southern Railway
imageNorfolk Southern Corp. has unveiled NS Trax, a mobile app designed to make it easier for the Class I's customers to conduct business with the railroad no matter where they are.The app leverages data available in AccessNS, the railroad's desktop e-commerce portal. NS Trax enables customers in the field to manage inventory, view transit exceptions and track real-time movements using a mobile device, according to an NS press release.Also, shippers can use the app to add shipments to a watchlist for priority visibility, search for specific shipments on the NS network, submit local service requests and view waybills for shipments. NS expects to add other features and enhancements to NS Trax throughout the year and beyond, said Ed Elkins, NS' vice president of industrial products.Planned updates include expanding capabilities for local service and unit trains.

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NS diverts Missouri traffic due to flooding

Norfolk Southern Railway is continuing to address service interruptions due to flooding conditions in Hannibal, Missouri, the Class I announced yesterday.

The situation is requiring NS traffic between Decatur, Illinois, and Kansas City, Missouri, to be diverted and operated via St. Louis, NS officials said in an operations alert to customers. Conditions along the route are expected to improve by April 14.

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Norfolk Southern touts growth, operating results in 2018 annual report

Norfolk Southern Corp. posted strong growth and best-ever operating results for operating ratio and income from railway operations last week, the Class I reported late last week in releasing its 2018 annual report online.

For the year, the company achieved an all-time-best operating ratio of 65.4 percent, the third consecutive year of improvement; grew total railway operating revenue 9 percent year-over-year to $11.5 billion; and increased income from railway operations 12 percent to $4 billion, a record.

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Norfolk Southern breaks ground on Atlanta HQ, names three new execs

Norfolk Southern Railway yesterday broke ground on its new Atlanta headquarters and named three company officers to executive positions.

NS Chairman President and Chief Executive Officer James Squires was joined by Georgia Gov. Brian Kemp and Atlanta Mayor Keisha Lance Bottoms at a groundbreaking ceremony held in Atlanta's Midtown area.

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