By leveraging the unique backgrounds and viewpoints of our employees, we can create a culture of innovation, respect, and inclusion. from 8 AM - 9 PM ET. 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. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. Negotiations are underway between the major rail unions and companies. Machinist (Diesel Engine Mechanic) - Kansas City, MO 2023 Now retired, he says although carrying more cargo per train may increase the companys profits, there is a drawback. Thats down from $703 million, or $2.93 per share, a year ago. It was enormous and only had two people working it. The Corporation has based these forward-looking statements on management's current expectations, assumptions, estimates, beliefs, and projections. Theyve gone from a mile, mile and a quarter, to two to three miles long, said Scott Wilcox. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Policies | City of Norfolk, Virginia - Official Website Norfolk Southern and Union Pacific stocks were up 30percent last year, and Kansas City Southerns shares were up more than 60percent. 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. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Fully automated freight trains began running in Australia about a year ago, a possible precursor of whats to come. Beyond not being sustainable, its not the best for safety either. We have based these forward- looking statements on our current expectations, assumptions, estimates, beliefs, and projections. We have based these forward- looking statements on our current expectations, assumptions, estimates, beliefs, and projections. 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. 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. This information will be treated as confidential medical information and handled as such. 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. 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. 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). The Company recognized $387 million of expenses during the first quarter related to the Incident. With safety as the industrys top priority, it just makes sense. Railroads are cutting workers at a pace not seen since Norfolk Southern Servicing Stanislaus, San Joaquin and Merced Counties, 2209 Fairview Drive Suite A Ceres, CA 95307. Here are five takeaways from this past year, around what to expect and potential ways to alleviate the impact of each. If you need an accommodation, please seek one. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. Todays rail slump is partly a fallout from the trade war and partly the result of long-term trends like the United States becoming less reliant on coal, experts say. Apply for this job The derailment cleanup has slowed traffic on a busy east-west corridor for the railroad because it has only had one of its two tracks in service since March while it is digging up contaminated soil. After reviewing the order carefully to be certain, we determined that we are covered under the mandate. As it has with everything else in the world, COVID-19 has impacted railroading in a variety of waysand staffing is one of them. 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). If youve been vaccinated, please share your status through the confidential process. 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. Some freight carriers would like to cut down the typical personnel on a freight train from two (a conductor and engineer) to one. I used their packing and moving service the first time and the second time I packed everything and they moved it. He was a locomotive engineer for Norfolk Southern for 20 years. . The effort required innovation and collaboration, he noted, and ranged from equipping departments to work remotely, including most of Customer Service, to purchasing hand sanitizer from local distilleries in the midst of a nationwide shortage. "We will get through the challenges ahead and emerge as an even stronger company," Squires said. Many Norfolk employees will get hazard pay for working Norfolk Norfolk Southern estimates Ohio derailment will cost $387M Prior to Covid, Ive been one of the fortunate few who have never been laid off, Hollandsworth said. Lori Baker - via Google. But the details of how much insurance will actually cover will be worked out over time. While the Corporation believes these expectations, assumptions, estimates, and projections are reasonable, forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Corporation's control, including but not limited to: general North American and global economic conditions; changes in energy prices and fuel markets; uncertainty surrounding timing and volumes of commodities being shipped; changes in laws and regulations; uncertainties of claims and lawsuits; labor disputes; transportation of dangerous goods; effects of changes in capital market conditions; and severe weather. This cloud. (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. Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. They have lots of options for moving. 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. 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: Adopting Digitization to Keep Workers Safe and Evolve. This is critical for us to meet the compliance deadline and plan for potential impacts. Thats down from $703 million, or $2.93 per share, a year ago. laura lehn - via Google, I highly recommend Mayflower. 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. 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.. 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. 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. It joins Norfolk Southern and Union Pacific, which both filed similar lawsuits against the unions last month. Digitizing these processes eliminates maintenance costs and frees real estate for other purposes. He called it good productivity and said the company was accelerating this strategy heading into 2020. Review Norfolk Southerns operating reports and the terms used to report performance in one convenient location. 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 Weve encouraged employees to follow guidance from public health experts regarding vaccination, but we havent mandated vaccination as some companies have done. Adjusting for the Eastern Ohio Incident, income from railway operations was $1.1 billion, up $13 million or 1% compared to first quarter 2022. Rossville International Intermodal Optimized Stack Operations Norfolk Southern Join OAR in bridging connections with first responders. Kessler Topaz Meltzer & Check, LLP Announces Investor We just had our first child in July.. (AP) Another major railroad has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. As Hollandsworth cut the locks and removed his former co-workers coats, hats, power tools and hefty company rule books, he couldnt shake the feeling that the layoffs were different this time. The unions didn't immediately respond in court to BNSF's lawsuit Monday, but in the other lawsuits they have argued the railroads were violating the terms of their contract by requiring vaccines and by offering bonuses to workers if they do get vaccinated. 1.16, has been designated as a variant under monitoring by the World Health Organization. There have also been periods such as 2015-16 when manufacturing, trucking and rail suffer, but the rest of the economy keeps growing. Adjusting for the effects of the incident charge, first quarter results includedadjusted income from railway operations of$1.1 billion and adjusted diluted earnings per share of $3.32 improvements of 1% and 13%, respectively, compared to first quarter 2022. Electrical Software Engineer Career Development Center Its hard to predict if well slide into an overall economic recession.. Norfolk Southern 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. Not only is NS in violation of the law, it has explicitly spurned our demands that these matters be bargained. Similar rules have generated disputes in a variety of workplaces. OMAHA, Neb. Family and Medical Leave Act - Norfolk Southern 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. A Union Pacific spokeswoman said the average train length is about 1.5miles. 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. These results include an initial $387 million charge associated with the incident in Eastern Ohio and do not reflect any amounts potentially recoverable under the companys insurance policies, which would be reflected in future periods in which recovery is considered probable. But, as mentioned, when detailing how to lessen the spread of disease with technologysustainability efforts would benefit as well. COVID-19 Masking Policy at Norfolk Department of Probably in the range of 35 to 45percent of our business, said John Gray, senior vice president of policy and economics at the Association of American Railroads, the industrys main trade group. For some, this news will require a difficult individual choice. COVID-19 vaccines are available to USC students, faculty, and staff through USC Student Health and USC Pharmacies. The federal deadline for employees to be fully vaccinated is December 8. Staffing Efficiencies Closely Tied to Safety and Resiliency. My wifes freaking out. 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 says the case presents a minor dispute because its bargaining agreements do not bar the railroad from adopting a vaccine mandate.. They point to a safety record that shows the industry is far safer today than it was two decades ago, although there have been several major derailments in recent weeks. 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. COVID-19 Vaccines COVID-19 Vaccines Published October 4, 2020 Last Updated April 4, 2023, 7:11 pm Vaccines are crucial tools in the fight against deadly infectious diseases. Casey Moving Systems is family owned and has been servicing Northern California for over 25 years. They Refused to Fight for Russia. Rail workers rarely speak to the media out of fear of losing their jobs, but more than a dozen spoke with The Washington Post, mainly because of concerns over how PSR is changing the industry in ways they say causes unnecessary job losses and creates an unsafe environment. Technology allows operations to push this information to each member electronically, eliminating the need to physically report to a building. Now, after PSR, railroads are running more trains with mixed goods and on a set schedule that leaves no matter what. OMAHA, Neb. The mandate stems from an Executive Order and associated guidance mandating that federal contractors require vaccinations for all employees. Its a different way of running a railroad.. COVID The railroads are not alone in facing resistance to vaccine mandates. Its a huge issue. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. These statements relate to future events or future performance of Norfolk Southern Corporation's (NYSE:NSC) ("Norfolk Southern," "NS" or the "Corporation"). For helpful informationvisit our FAQ page. 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 Every economic downturn since World War II has been precipitated by nose-diving freight traffic. The strategy has taken hold among major U.S. freight railroads since 2017, as executives hunted for a way to increase profits to make up for shrinking coal traffic and the recent downturn in the industrial economy. 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). All rights reserved. Customers and dray carriers can also utilize AccessNS and ExpressNS+TM for information concerning their Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. COVID-19 response at Norfolk Southern Corp | Indeed.com The White House claimed not. Im calling this a freight recession for the railroads and trucking companies, but theres this uncertainty from trade. This results in a hiring and training of new personnel with every shift in volume and traffic. The generational knowledge that was passed down previously is fast-disappearing, and workers will not have that same 1:1 contact with old hands regardless, so having institutional knowledge stored and readily available in digital format is the way of the future. (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. 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. Diluted earnings per share were $2.04 in the first quarter 2023, a decline of 30% compared to first quarter 2022. Norfolk Southern This isnt a bad thing, but its a necessary consideration. Central District of California | Justice Department WebCOVID-19 Masking Policy at Norfolk Department of Public Health Visitors can now enter non-clinical spaces in the Norfolk Department of Public Health facilities without using a (Photo: Jim Allen/FreightWaves) Updated with President Trumps trade war has hit agriculture and manufacturing hard, causing lower demand for companies that move freight. And by practicing challenging or emergency scenarios regularly, overall safety and productivity correspondingly increase. Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. "From the beginning, we have been guided by one principle: We are going to do whatever it takes to make it right for East Palestine and the surrounding areas," said Norfolk Southern President and Chief Executive Officer Alan H. Shaw. 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. Everyone took really good care of our things. 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. 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 5. Railroad worker checking up wheels and braking system of freight train. 2. Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. And maintenance and repair workers in rail yards long considered some of the most secure roles are also being let go. You can find more information by visiting a new COVID-19 resource page. Forward-looking statements are not, and should not be relied upon as, a guarantee of future events or performance, nor will they necessarily prove to be accurate indications of the times at or by which any such events or performance will be achieved. 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. 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. Roanoke looked like a parking lot for locomotives just before Thanksgiving, an unusual sight at a time of year that is typically the peak shipping season. 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. UPDATED MARCH 16: Rail Group Staff Report: Global railway 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). Reconciliation of Non-GAAP Financial Measures We fundamentally changed the way we operate over the last 2 years, said Bryan Tucker, vice president of communications at CSX. Our approach has worked. Copyright 2023 The Associated Press. NS follows Union Pacific (UP) in taking action. Certain statements in this press release may be considered forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. 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. Our response reflects our strategy of focusing on long-term priorities and value.". 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. 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.