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NS fills board seat with Morgan Stanley's Kelleher

Rail News Home Norfolk Southern Railway 1/23/2019 Rail News: Norfolk Southern Railway
image Thomas KelleherPhoto – NS

Norfolk Southern Corp. has elected Thomas Kelleher as a board member, effective yesterday. He will serve as an independent director and join the board's finance and risk management committee.

Kelleher, 61, is president of global financial services and investment management firm Morgan Stanley. He also is chairman and chief executive officer of Morgan Stanley Bank N.A. Kelleher is responsible for Morgan Stanley's institutional securities business and wealth management.

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NS assists Georgia community affected by derailment

Rail News Home Norfolk Southern Railway 1/14/2019 Rail News: Norfolk Southern Railway
imageNorfolk Southern Railway will keep an assistance center open through Wednesday to serve families and businesses affected by last week's train derailment near Bartow, Georgia.Some of the train's 39 cars that derailed were carrying chlorine, and chlorine odors and a cloud were reported in the area after the accident, which occurred around 8 p.m. on Jan. 6, according to an NS statement.The incident prompted a temporary evacuation. It was later determined that hydrogen peroxide and hydrochloric acid — and not chlorine — had been released as a result of the derailment.NS opened its assistance center in Louisville on Jan. 7. The Class I is compensating affected members of the community for their inconvenience and out-of-pocket expenses, NS officials said in a post late last week on the railroad's website."Environmental teams are continuously monitoring the air in Bartow and other community areas surrounding the derailment and will continue monitoring until the chemicals have been removed from the site," they said.The cause of the derailment remains under investigation.

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NS facilitated $1.5 billion in industrial projects last year

Norfolk Southern Railway generated more than 60,000 carloads of new traffic last year through its industrial development efforts, the Class I announced today.

The 72 new and 18 expanded industrial plants in 17 states represented an investment of $1.5 billion by NS customers. The commercial development is expected to create nearly 3,000 new customer jobs and contribute to the economy in communities across the railroad's service area, NS officials said in a press release.

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Norfolk Southern will move its HQ to Atlanta

The announcement was expected for months, but yesterday Norfolk Southern Corp. made it official: The Class I will move its corporate headquarters from Norfolk, Virginia, to Atlanta.

NS is in advanced discussions to purchase a site from Cousins Properties at 650 W. Peachtree St. NW in Midtown Atlanta, where the railroad plans to build its new headquarters. Progress on the move has begun and will span the next several years as the facility is built, NS officials said in a press release.

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Norfolk Southern report outlines sustainability efforts in 2017

Norfolk Southern Corp. yesterday released its latest Corporate Social Responsibility Report, which includes such details as the Class I's record locomotive fuel efficiency and reduced greenhouse-gas (GHG) emissions.

NS improved locomotive fuel efficiency by 5 percent in 2017 over 2016, conserved 23 million gallons of diesel and avoided more than 233,750 metric tons of GHG emissions, according to the report.

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