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. About Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. You can do this by updating your Personal Information on SuccessFactors. 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. Review Norfolk Southerns operating reports and the terms used to report performance in one convenient location. Workers say they are concerned that radio signals sometimes go down between the front and back of long trains and that Americans dont like waiting for long trains to pass. Norfolk Southern The process was smooth and easy. Servicing Northern California For Over 25 Years, Select The Service Your Interested InDocument ShreddingRecords ManagementPortable StorageMoving ServicesSelf StorageOffice MovingMoving Supplies. Norfolk Southern Norfolk Southern moves to bar union lawsuits over 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. 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 Having an immediately accessible and mobile approach to these maintenance tasks for refresher trainers at set intervals will be crucial. 2. However, the need for social distancing as a result of COVID-19 necessitated the expanded use of remote simulation monitoring and training. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation in various fraud schemes involving health care services that exploited the COVID-19 pandemic and allegedly resulted in over $490 million in COVID-19 related false billings to federal This is critical for us to meet the compliance deadline and plan for potential impacts. Norfolk Southern has let more than 3,500 employees go in the past year, including 175 in Roanoke, part of an aggressive push across the railroad industry to slash costs. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. OMAHA, Neb. We fundamentally changed the way we operate over the last 2 years, said Bryan Tucker, vice president of communications at CSX. Can Floridas gay teachers show photos? When it comes to the paper trail that railroads create, theyre lagging far behind other industries. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Some routes are now gone or downsized. The non-negotiated bonuses and unilateral decision to discipline employees who are not vaccinated functioned to undermine the collectedly-bargained agreements and reduce Norfolk Southerns obligations under those agreements, the Sheet Metal, Air, Rail and Transportation Workers Transportation Division, or SMART-TD, union said in its response to Norfolk Southern. Rail Roundup: Lawmakers want worker fatigue addressed If you arent fully vaccinated by November 8, you should still share your status and update your record later. Question: How has Norfolk Southern Corp responded to the COVID-19 outbreak? 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. (AP) Norfolk Southern expects Februarysfiery Ohio derailmentto cost it $387 million, but that total will likely increase over time and that doesnt reflect how much the railroads insurance companies will eventually cover. Creating a workforce with longevity should be the goal. That means we are obligated by law to require vaccinations for our employees. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation Norfolk Southern estimates Ohio derailment will cost $387M, New treatment for newborns with opioid withdrawal shows promise, study says, Manhunt continues for man accused of gunning down neighbors, Feds: Hospitals that denied emergency abortion broke the law, House Speaker McCarthy to address Israels Knesset. 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. The Company uses these non-GAAP financial measures internally and believes this information provides useful supplemental information to investors to facilitate making period-to-period comparisons by excluding the effects of the Incident. To learn how to enable JavaScript in your browser, As part of a joint statement, SMART-TD President Jeremy Ferguson and BLET National President Dennis Pierce noted: We have been in contract negotiations with NS since November of 2019, and federal law absolutely bars railroads from changing rates of pay, rules and working conditions while negotiations are ongoing. 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: Some freight carriers would like to cut down the typical personnel on a freight train from two (a conductor and engineer) to one. They Refused to Fight for Russia. All photographs taken prior to onset of the COVID-19 pandemic. Shareholders at railroads are looking at the financial success of PSR and now every single big railroad is trying to adopt some form of this, Swan said. "We'll continue to manage our assets well and control our costs. 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. Will your logo be here as well?. Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. Your efforts to keep the trains rolling through this pandemic have been nothing short of heroic. ATLANTA, April 26, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. This isnt a bad thing, but its a necessary consideration. You can apply at the same place you share your vaccination status by choosing Personal Information on SuccessFactors. COVID-19 Masking Policy at Norfolk Department of Learn more by visiting www.NorfolkSouthern.com. The rail industry, which once employed more than a million Americans, fell below 200,000 employees in 2019, the first time that has happened since the Labor Department started keeping track of railroad employment in the 1940s. Hiring and Furloughing Practices Require Rethinking. CEO Alan Shawtold Congressthat he backs some proposals like enhanced standards for tank cars, but insists the data doesnt support other ideas like minimum two-person crews. 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. The Coronation whisky accidentally created in the Cotswolds. The Company uses these non-GAAP financial measures internally and believes this information provides useful supplemental information to investors to facilitate making period-to-period comparisons by excluding the effects of the Incident. Multiple rail executives took the stage at the Stephens Nashville Investment Conference that month to stress that while rail volumes were down, employee head count and other costs were down even more, ensuring the companies remained highly profitable. Safety inspector or maintenance engineer checking rail tracks at station. With at least two workers (conductor and engineer) occupying the same space (locomotive cab) for 8 to 12 hours, and oftentimes with a different person every day, one trip with an infected co-worker can lead to the rapid erosion of workforce availability, delaying trains and terminal operations significantly. WebThis is the SAME password used for RIT, Webmail and Windows. They have lots of options for moving. 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. The goal now is to minimize stoppage and use the same locomotive and crew as much as possible, akin to the way the same airplane shuttles constantly between the Washington area and New York City. Neither will the 91 city employees currently on furlough due to facility closures related to COVID-19. NS has now sued the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART) and two other unions that represent its employees, according to Reuters. Norfolk Southern "None of us can predict the severity or duration of this economic downturn, so we are focused on the factors within our control. While the Company believes that these non-GAAP financial measures are useful in evaluating the Company's business, this information should be considered as supplemental in nature and is not meant to be considered in isolation from, or as a substitute for, the related financial information prepared in accordance with GAAP.
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