"The entire Norfolk Southern team has rallied around our customers, and we're delivering with the best service product in the history of our company. Shaw pledged to continue working to improve that record as the railroad applies the lessons from East Palestine. Expenses jumped 32% to $2.4 billion, along with labor expenses tied to significant hiring over the past year and a new contract for employees. COVID-19 Masking Policy at Norfolk Department of Its at least a 50 page per trip process to get from point A to point B, and that is entirely unacceptable. Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. Volumes are down so much on major American railways in the past year that some economists say the nation is in the midst of a freight recession.. There have also been periods such as 2015-16 when manufacturing, trucking and rail suffer, but the rest of the economy keeps growing. . Union Pacific, Norfolk Southern vaccine lawsuits Its always been do more with less, but now its do more with less to the absolute extreme, said a conductor in Eastern Kentucky who spoke on the condition of anonymity for fear of retribution by CSX. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, the occurrence of certain events, or otherwise, unless otherwise required by applicable securities law. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. Learn more by visiting www.NorfolkSouthern.com. The railroads are not alone in facing resistance to vaccine mandates. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. WebOur Vision: Be the safest, most customer-focused and successful transportation company in the world. Were seeing trains that are 2 miles long on a daily basis, said Jeremy Ferguson, president of the SMART TD Union (short for International Association of Sheet Metal, Air, Rail and Transportation Workers, Transportation Division). But the details of how much insurance will actually cover will be worked out over time. Some freight carriers would like to cut down the typical personnel on a freight train from two (a conductor and engineer) to one. Staffing efficiencies quickly became more than a cost initiative, as staffing ties directly into safety. The railroads that have imposed vaccine mandates say they are complying with President Joe Biden's executive order requiring all federal contractors to have their employees vaccinated. Some routes are now gone or downsized. Media Inquiries: That derailment, andotherssince then, sparked anationwide focuson railroad safety. Workers say the peak never came in 2019. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. Norfolk Southern Norfolk Southern said it has already spent about $55 million to dig up and remove nearly 34,000 tons of contaminated soil and trucked away another 13.2 million WebHealth Questionnaire for employee returning to work from non-medical absence of six months or longer Return to Work Form Medical Condition and Medication Guidance: And through it all, our Norfolk Southern employees will continue to get the job done safely, with excellence and pride.". For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2 .04 down by 34% and 30%, respectively, compared to the first quarter 2022. Here are five takeaways from this past year, around what to expect and potential ways to alleviate the impact of each. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Lori Baker - via Google. For further information: Media Inquiries: Media Relations, Click here to open the mobile navigation dropdown. ATLANTA, April 26, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. click here. Learn more about the NS Green Financing Framework. "We are making progress every day and I'm proud of our people. With the financial collapse of 2008 and a change in generations, rail workers stopped relying on the work and returned in smaller numbers. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation To learn how to enable JavaScript in your browser, Income from railway operations in the first quarter 2023 was $711 million including a $387 million charge associated with the Eastern Ohio Incident, a 34% decline compared to $1.1 billion in the first quarter of 2022. Norfolk Southern WebA: We do not want anyone to leave Norfolk Southern over the mandate and will work with employees who are legally entitled to an accommodation. Yet the National Transportation Safety Board and Federal Railroad Administration are investigating the railroads practices to see where they can be improved. Customers and dray carriers can also utilize AccessNS and ExpressNS+TM for information concerning their When paired with operational efficiencies and industry-leading personnel, the company is positioned for future growth opportunities that will create long-term shareholder value, he said. Thats down from $703 million, or $2.93 per share, a year ago. Your efforts to keep the trains rolling through this pandemic have been nothing short of heroic. GAAP financial results are adjusted to exclude the effects of a February 3, 2023 train derailment in East Palestine, Ohio that included 11 non-Company-owned tank cars carrying hazardous materials, fires associated with the derailment that threatened certain of the tank cars, and a controlled vent and burn procedure conducted on February 6, 2023 on the five derailed tank cars containing vinyl chloride (the Incident). Norfolk Southern and other major freight railroads have announced new safety measures, including installing more than 1,000 more trackside detectors. BNSF, Norfolk Southern and Union Pacific are three of the largest U.S. railroads. Review Norfolk Southerns operating reports and the terms used to report performance in one convenient location. 1. Diluted earnings per share were $2.04 in the first quarter 2023, a decline of 30% compared to first quarter 2022. By continuing to execute our strategic plan and provide superior service to our customers, we will move through this period successfully and be ready to capture opportunities as the economy recovers. Weve encouraged employees to follow guidance from public health experts regarding vaccination, but we havent mandated vaccination as some companies have done. Due to the executive order, NS said it reserves the right under its agreements with the unions to impose a mandate in order to comply.. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern saw a 6percent volume decline, but crew costs were down by 13percent, said Alan Shaw, the companys chief marketing officer. These efficiency gains helped the railroad achieve an adjusted operating ratio of 63.7% in the first quarter of 2020, when excluding the charge related to the disposition of locomotives. Creating a workforce with longevity should be the goal. However, the need for social distancing as a result of COVID-19 necessitated the expanded use of remote simulation monitoring and training. UP, BNSF and NS suspend COVID-19 vaccine mandates ATLANTA, May 15, 2020 /PRNewswire/ -- Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and Hello, you need to have JavaScript enabled to view this website. It makes for very bad train handling. The unions, which have filed some of their own lawsuits in response, argue that the railroads should have negotiated with them before imposing their mandates. ROANOKE Jeff Hollandsworth was told to do something recently that he had never done before in his many years working for Norfolk Southern Railway: Empty lockers. Norfolk Southern (@nscorp) February 17, 2022 Starting pay for employees begins at $52,000, which increases over four years to a minimum of around $63,500. Adding to the potential for infection, the same train crews detailed above often have to report to a physical building with others to get required paperwork, and instructions from operational personnel to complete their duties. Federal Railroad Administration data shows that Norfolk Southern reported 12.95 train accidents per every million miles last year. My wifes freaking out. The $387 million estimate includes the $30.9 million the railroad pledged to help residents and the community around East Palestine recover from the derailment. By leveraging the unique backgrounds and viewpoints of our employees, we can create a culture of innovation, respect, and inclusion. CFR 49 Part 243 Virtual Training, with the Federal Railroad Administration and Heartwood: RAIL GROUP ON AIR, NS, SMART-TD Reach Tentative Agreement on Workplace Enhancements, UP Embargo Update: Were Making Significant Progress, NARS 2023 Annual Meeting: A New Era in Railroading, MxV Rail Speeds PuebloPlex Track Construction Projects, Canadian Regulator Announces VRCPIs for Crop Year 2023-24, CARB Passes New In-Use Locomotive Regulation, FRA Safety Advisory: Train Length a Critical Factor, CN, UP, GMXT Launching Falcon Premium (Updated April 26 with UP STB Service Metrics), Class I Briefs: BNSF, CN, CPKC, CSX, CPKC/NS/UP. Machinist (Diesel Engine Mechanic) - Kansas City, MO Norfolk Southern said it has already spent about $55 million to dig up and remove nearly 34,000 tons of contaminated soil and trucked away another 13.2 million gallons of tainted water. According the NS petition, Reuters reported, the unions contend that imposition of a mandate constitutes a unilateral change to bargaining agreements in violation of the federal Railway Labor Act. Copyright 2023 The Associated Press. The Law Did Not Treat Them Kindly. Norfolk Southern adapts to COVID-19 challenges, forges In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. Learn more about the NS Green Financing Framework. And also more susceptible to risk than ever. Norfolk Southern (NS) on Oct. 20 notified all employees that it will require them to receive the COVID-19 vaccination by Dec. 8; on Oct. 22, the railroad filed suit WebThis is the SAME password used for RIT, Webmail and Windows. "As a result of our transformation, we've set records for metrics such as train speed, terminal dwell, and shipment consistency," Squires said. That estimate doesnt include money Norfolk Southern, based in Atlanta, will put into funds to help cover any long-term health issues, protect drinking water and compensate residents for the loss in their property values because the details are still being worked out with Ohios attorney general. Rail workers are in an environment where troubles and delays are often brand new, as theyve probably forgotten how to do key maintenance tasks due to lack of practice. If youve been vaccinated, please share your status through the confidential process. The city laid off 470 part-time employees this year for the same The RLA distinguishes between minor disputes involving interpretation of terms of a CBA, which must be heard in arbitration, and major disputes over changes to agreements. Railroads are cutting workers at a pace not seen since OMAHA, Neb. The railroad will also have to reimburse the Environmental Protection Agency for its oversight of the cleanup. Norfolk Southern reports first quarter 2023 results In some cases, forward-looking statements may be identified by the use of words like "will," "believe," "expect," "targets," "anticipate," "estimate," "plan," "consider," "project," and similar references to the future. Heres how the new requirement affects us: Whether you support the mandate or have concerns about vaccination, lets rise to the challenge by showing each other the mutual respect that is such an important value in our culture. While the U.S. economy overall is growing moderately, the railroad industry is a cautionary sign of the ongoing pain in the industrial sector and the deep structural changes underway in the economy that are eliminating middle-class jobs. Norfolk Southern For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2.04 down by 34% and 30%, respectively, compared to the first quarter 2022. To find a Port of Entry in your state or territory, select it in the map below or use the form in the right column. 1.16, has been designated as a variant under monitoring by the World Health Organization. Workers in this longtime railroad hub are on edge, saying this feels different from past rail downturns. 650 W. Peachtree Street NW, Atlanta, Georgia 30308, Establishing Rail Service on Privately Owned Track, Establishing Rail Service on NS Owned Track, Dual Mission Reward Program: Memphis-Rossville, Announcement for Public Tariff NSRQ 70220 & NSRQ 66326, Effective 9-1-2022, Sharonville Primary Gate Temporary Closure - Update, Board of Directors & Committee Membership, Norfolk Southern Declares Quarterly Dividend, Norfolk Southern reports second quarter 2022 results, Norfolk Southern increases conductor trainee pay to $25 an hour; adds biweekly $300 incentive, Norfolk Southern announces Board of Directors changes, Income from railway operations in the first quarter 2023 was, Adjusting for the Eastern Ohio Incident, income from railway operations was, Adjusting for the Eastern Ohio Incident, diluted earnings per share were. They found they can hook two trains together and cut a crew, said a Union Pacific engineer based in Cheyenne, Wyo., who spoke on the condition of anonymity out of fear for his job. Staffing Efficiencies Closely Tied to Safety and Resiliency. Without the derailment costs, the railroad estimated that it would have made $1.1 billion, or $3.32 per share, exceeding the $3.15 Wall Street expected, according to a survey by Zacks Investment Research. As a covered federal contractor, Norfolk Southern must adhere to these legal requirements.If you are made a conditional job offer, you will be required to provide proof of full vaccination, or apply and be approved for a health or religious accommodation prior to your start date. "We've decongested our yards and road network, allowing cars to turn quicker in the terminals and trains to move faster on the network.
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