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. Adjusting for the Eastern Ohio Incident, income from railway operations was $1.1 billion, up $13 million or 1% compared to first quarter 2022. But theyre not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut, forcing inspections to be rushed and leaving train crews on call 24-7. 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. 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 unions, which have filed some of their own lawsuits in response, argue that the railroads should have negotiated with them before imposing their mandates. 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. In official business, based on preliminary results, shareholders elected 13 directors for terms expiring in 2021: In other preliminary results, shareholders approved three proposed amendments to the corporation's amended and restated articles of incorporation; ratified appointment of KPMG LLP as independent auditors for 2020; approved an advisory resolution on the compensation of executive officers; and rejected a proposal regarding shareholders' right to act by written consent. Many Norfolk employees will get hazard pay for working Norfolk Southern and other major freight railroads have announced new safety measures, including installing more than 1,000 more trackside detectors. Today, it operates a customer-centric and operations-driven freight transportation network. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. Ive never seen conditions like this in my 45-year career, said Jim Blaze, a railroad economist. My wifes freaking out. Regulatorsandmembers of Congresshave proposed reforms like capping freight trains lengths and setting standards for the trackside detectors used to spot problems. Employee Resources | Employees | Work at NS - Norfolk 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 If you suffered losses exceeding $100,000 investing in Norfolk Southern stock or options between October 28, 2020 and March 3, 2023, both dates inclusive (the Norfolk Southern That work is expected to wrap up in early June, which will boost traffic in the area. WebNorfolk Southern honors the basic leave entitlements of the Family and Medical Leave Act, entitling employees to up to 12 weeks of unpaid job-protected leave for several reasons. Join OAR in bridging connections with first responders. When typing in this field, a list of search results will appear and be automatically updated as you type. Five Takeaways From COVID-19s Impact on Railroad Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. "We've decongested our yards and road network, allowing cars to turn quicker in the terminals and trains to move faster on the network. Dan Bostek,Director of Operations Practices and Special Projects at Norfolk Southern, says, The use of remote simulation monitoring and training was a novel idea to many in the rail industry in 2020. In October, both UP and NS said they would be complying with an executive order by President Joe Biden that federal employees and contractors must receive the NORFOLK SOUTHERN COVID-19 UPDATE: Based on the social distancing guidance from the Centers for Disease Control and Prevention and as a prudent precaution, Norfolk Southern is transitioning to remote working arrangements for employees whose job functions permit. The average train length has increased 25percent since 2008 to about 1.4 miles, according to a Government Accountability Office report published in May. PSR touts itself on reducing assets such as track, cars and locomotives, but little is discussed about maintaining the assets that remain. 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. 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. Then Norfolk Southern eliminated that role in September. The railroads defend their record as the safest way to transport hazardous chemicals over land and say recent changes to eliminate nearly one-third of all rail jobs and rely more on fewer, longer trains havent compromised safety. All rights reserved. We had to look at our methodology of rules instruction in a different way, so that we could continue to provide our employees with the training they need to operate and work safely. 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. Digitizing these processes eliminates maintenance costs and frees real estate for other purposes. To find a location offering vaccination in your community, weve created a resource page with links to search by zip code. Weve kept the trains moving and our business strong, while limiting workplace spread. "None of us can predict the severity or duration of this economic downturn, so we are focused on the factors within our control. None, the locomotive is very small environment and no changes were made to Prior to Covid, railroads sought to shed assets and reduce workforce size to increase shareholder return and decrease operating ratios. All photographs taken prior to onset of the COVID-19 pandemic. 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.. click here. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Central District of California | Justice Department 2. coronavirus In addition to this strong employee performance, Squires said the company's Reimagine '21 strategic plan, rolled out in 2019 and built on the tenets of precision scheduled railroading, is driving long-term, transformational improvements in operating efficiencies and customer service. Moving forward, Norfolk southern will be known for safe operations, Shaw said. The White House claimed not. While acknowledging that Norfolk Southern is not immune to COVID-19 disruptions, Squires reaffirmed his confidence in the company's overall financial standing, with access to ample liquidity and the lowest levels of capital expenditures since 2010. Our response reflects our strategy of focusing on long-term priorities and value.". The seven major freight railroads have idled nearly 30percent of locomotives in the past year, according to the economist Blaze, as they aim to run fewer but longer trains. That work is expected to wrap up in early June, which will boost traffic in the area. The Company recognized $387 million of expenses during the first quarter related to the Incident. Apply for this job Our emphasis on superior service will continue to drive our long-term growth strategy. 1. Rail executives say these changes are delivering more reliable service that can better compete against trucks. 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, Class I Briefs: BNSF, CN, CPKC, CSX, CPKC/NS/UP, FRA Safety Advisory: Train Length a Critical Factor, CARB Passes New In-Use Locomotive Regulation, CN, UP, GMXT Launching Falcon Premium (Updated April 26 with UP STB Service Metrics). WebAt Norfolk Southern, we believe in celebrating our individuality. But railroad stocks soared in 2019 after rail executives embraced automation and cost-cutting to remain profitable, doubling down on the idea that rails future entails longer, faster trains and fewer workers. "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. Forward-looking statements Railroad worker checking up wheels and braking system of freight train. Central District of California | Justice Department Announces Youre not getting a callback, said Earick, 32. Now retired, he says although carrying more cargo per train may increase the companys profits, there is a drawback. BNSF Railway has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. UPDATED MARCH 16: Rail Group Staff Report: Global railway Norfolk Southern and other major freight railroads have announced new safety measures, including more than 1,000 more trackside detectors. from 8 AM - 9 PM ET. But theyre not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut. Norfolk Southern estimates Ohio derailment will cost $387M 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. The congressional mandate to mitigate fatigue among crew members and other safety-related workers is now a Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. If youve been vaccinated, please share your status through the confidential process. These and other important factors, including the risks and uncertainties related to the COVID-19 pandemic and those discussed under "Risk Factors" in the Corporation's Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission ("SEC"), as well as the Corporation's other public filings with the SEC, may cause actual results, benefits, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. For example, eliminating inefficient train miles by eliminating stops, closing terminals and other actions has helped reduce headcount significantly, but this means our lean, mean train and engine workforce team are more valuable than ever. 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. "As a result of our transformation, we've set records for metrics such as train speed, terminal dwell, and shipment consistency," Squires said. Every economic downturn since World War II has been precipitated by nose-diving freight traffic. 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. Apply for this job Thank you for all you do to serve our customers and communities.. Your efforts to keep the trains rolling through this pandemic have been nothing short of heroic. They have lots of options for moving. As Bostek mentions above,digital, virtual simulationscan make this practice possible anytime, anywhere and at a pace that meets each worker where they are. Our training requirements could not be sustained due to COVID restrictions, says Michael Urena, Manager, Transportation Training, Training and Development, CN. Norfolk Southern Squires addressed shareholders during the company's first virtual-only annual meeting, a board decision made in light of public health concerns and social distancing guidance arising from the COVID-19 pandemic. While the company has withdrawn guidance for revenue and the operating ratio in 2020, Squires said the railroad remains committed to its 2021 goal of driving down the OR to 60%. OMAHA, Neb. It was enormous and only had two people working it. Media Inquiries: "Norfolk Southern has a history of successfully managing through business cycles and challenging economic environments," Squires said. A prediction of disaster: Experts say its when, not if for a By leveraging the unique backgrounds and viewpoints of our employees, we can create a culture of innovation, respect, and inclusion. This change resulted in a hiring process that has become wasteful and unsustainable. Information included within this filing includes non-GAAP financial measures, as defined by SEC Regulation G. Non-GAAP financial measures should be considered in addition to, not as a substitute for, the financial measures reported in accordance with U.S. generally accepted accounting principles (GAAP). If you need an accommodation, please seek one. Safety inspector or maintenance engineer checking rail tracks at station. This system is for the use of authorized users only. Hundreds of black locomotives bearing the Norfolk Southern logo are parked back-to-back on the tracks that run through the heart of Roanoke. But Norfolk Southern said that because its bargaining agreements allow it to make changes in order to comply with new laws, including Bidens executive order, it has not violated the RLA. Its hard to predict if well slide into an overall economic recession.. A worker safety advocacy group, the National Council on Occupational Safety and Health, issued a report Wednesday labeling Norfolk Southern and the other major freight railroads as some of the most dangerous employers in the nation because of those labor concerns about the impact of the cost cutting. "As they always do in a crisis, our employees responded heroically," Squires said. This information will be treated as confidential medical information and handled as such. is to create and maintain customer confidence with our services and communication. Its a different way of running a railroad.. For further information: Media Inquiries: Media Relations, Click here to open the mobile navigation dropdown. BNSF has contended the new attendance policy, effective Feb. 1, provides more transparency with work schedules. If you arent fully vaccinated by November 8, you should still share your status and update your record later. A worker safety advocacy group, the National Council on Occupational Safety and Health, issued a report Wednesday labeling Norfolk Southern and the other major freight railroads as some of the most dangerous employers in the nation because of those labor concerns about the impact of the cost cutting. 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 to block its unions from suing and its employees from striking over the mandate; now, the unions have countersued. In addition, these non-GAAP financial measures may not be the same as similar measures presented by other companies. And in light of COVID, safety has expanded to include a focus on resiliency, as a tighter headcount requires a more proactive approach to keep trains running on schedule. Yet the National Transportation Safety Board and Federal Railroad Administration are investigating the railroads practices to see where they can be improved. Learn more by visiting www.NorfolkSouthern.com. Norfolk Norfolk Southern Railway Co has filed a lawsuit seeking to block its employees' unions from suing over a COVID-19 vaccine mandate and to prevent its Prior to Covid, The Corporation has based these forward-looking statements on management's current expectations, assumptions, estimates, beliefs, and projections. Family and Medical Leave Act - Norfolk Southern Norfolk Southern reports first quarter 2023 results. Volume was flat overall. Railroads fight with unions in court over vaccine NS Requiring COVID-19 Vaccinations for All Employees The Company recognized $387 million of expenses during the first quarter related to the Incident. These and other important factors, including those discussed under Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the SEC), as supplemented in Part II, Item 1A of our Form 10-Q to be filed with the SEC on the same date as this press release, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward- looking statements. Customers and dray carriers can also utilize AccessNS and ExpressNS+TM for information concerning their However, the need for social distancing as a result of COVID-19 necessitated the expanded use of remote simulation monitoring and training. Norfolk Commonwealth's Attorney's Office Plea Philosophy Policies and Procedures 03-21-2022. We have based these forward- looking statements on our current expectations, assumptions, estimates, beliefs, and projections. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. 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). 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. The railroad does have insurance coverage that will kick in after the first $75 million spent on damage to peoples property and after the first $75 million of damage on its own. Our response reflects our strategy of focusing on long-term priorities and value.. 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. Rossville International Intermodal Optimized Stack Operations The Class I railroad filed a petition in Chicago federal court on Thursday [Oct. 21] claiming the unions objections to the mandate must be brought in arbitration and not in court because they involve the interpretation of an existing bargaining agreement rather than changes to one, the multi-media news service explained. All employees need to provide their status by November 8, regardless of whether they are vaccinated, and even if they shared their status previously. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. We know railroads are the most environmentally friendly transportation solution, as they reduce emissions by taking trucks off of highways. Learn more about the NS Green Financing Framework. These and other important factors, including those discussed under "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the SEC), as supplemented in Part II, Item 1A of our Form 10-Q to be filed with the SEC on the same date as this press release, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward- looking statements.
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