If youve been vaccinated, please share your status through the confidential process. Question: How has Norfolk Southern Corp responded to the COVID-19 outbreak? If youre trying to save money, you cut people like crazy.. 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. We haul tanks, Humvees, and jet fuel for the U.S. Department of Defense and deliver coal to the federally run Tennessee Valley Authority, NS wrote in an internal memo to employees, obtained by Railway Age. Hello, you need to have JavaScript enabled to view this website. 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. 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. The Company recognized $387 million of expenses during the first quarter related to the Incident. Lori Baker - via Google. We haul tanks, Humvees, and jet fuel for the U.S. Department of Defense and deliver coal to the federally run Tennessee Valley Authority. 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 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. For the That means we are obligated by law to require vaccinations for our employees. 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. The Department of Justice today announced criminal charges against 18 defendants in nine federal districts across the United States for their alleged participation COVID-19 vaccines are available to USC students, faculty, and staff through USC Student Health and USC Pharmacies. 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. Fully automated freight trains began running in Australia about a year ago, a possible precursor of whats to come. While we believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Adopting Digitization to Keep Workers Safe and Evolve. 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. The class action complaint against Norfolk Southern, captioned Bucks County Employees Retirement System v. Norfolk Southern Corporation, et al. Prior to Covid, Hiring and Furloughing Practices Require Rethinking. Cision Distribution 888-776-0942 2. BNSF has a long-standing and well-settled past practice of unilaterally changing its rules and policies governing position requirements, medical standards, and safety in response to lawful federal government directives, the railroad said in its lawsuit. By digitizing our training programs through remote learning, we were able to fulfill our training requirements and provide our employees with safety instruction they need.. Norfolk Southern That work is expected to wrap up in early June, which will boost traffic in the area. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. 5. These results include an initial$387 million charge associated with theincident inEastern Ohio and do not reflect any amounts potentially recoverable under the company's insurance policies, which would be reflected in future periods in which recovery is considered probable. Norfolk Southern Shareholder Action Reminder They have a great system for tracking your belongings and a system for checking to make sure you got all of your belongings once you arrive at your destination. Having an immediately accessible and mobile approach to these maintenance tasks for refresher trainers at set intervals will be crucial. 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. Norfolk Southern and other major freight railroads have announced new safety measures, including more than 1,000 more trackside detectors. 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. From the start of the pandemic, weve put a priority on maintaining safe and healthy workplaces as we pull together to keep our economy moving. Norfolk Southern reports first quarter 2023 results. 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. Safety inspector or maintenance engineer checking rail tracks at station. And also more susceptible to risk than ever. Norfolk Norfolk has access to roughly $26 million in federal money to help the city government respond to the coronavirus pandemic. Staffing efficiencies quickly became more than a cost initiative, as staffing ties directly into safety. Service Alert : Service Update : Read More. 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. 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. To find a location offering vaccination in your community, weve created a resource page with links to search by zip code. 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. Norfolk Southern Our response reflects our strategy of focusing on long-term priorities and value.". When you go to work now, its like going into a funeral home, Hollandsworth said. Norfolk Southern Intermodal provides 24/7 automated information services for shipment tracing, billing verification, and storage charges (including the Last Free Day) through our Touch-Trace voice response system at 800-497-2919. Norfolk Southern and other major freight railroads have announced new safety measures, including more than 1,000 more trackside detectors. These statements relate to future events or future performance of Norfolk Southern Corporation's (NYSE:NSC) ("Norfolk Southern," "NS" or the "Corporation"). Railway operating revenues of $3.1 billion, up 7%, or $217 million, compared to first quarter 2022. This information will be treated as confidential medical information and handled as such. Federal judges have yet to rule on any of these lawsuits related to the railroads' vaccine requirements. PSR is aided by new technology such as drones and artificial intelligence to monitor tracks and send customers alerts about train locations. If you need an accommodation, please seek one. 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. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. Here are five takeaways from this past year, around what to expect and potential ways to alleviate the impact of each. "As a result of our transformation, we've set records for metrics such as train speed, terminal dwell, and shipment consistency," Squires said. "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. Thats better than the three previous years but still worse than a decade earlier when it reported 11.4 total accidents per million miles. The Law Did Not Treat Them Kindly. Rail Roundup: Lawmakers want worker fatigue addressed 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). Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. Central District of California | Justice Department Announces We're keeping the steel wheels moving as we play our part to keep the shelves stocked and the lights on.". 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. Union Pacific, Norfolk Southern vaccine lawsuits Our response reflects our strategy of focusing on long-term priorities and value.. We are making progress every day and Im proud of our people. Unlike in the past, his colleagues probably wont be coming back. Thats down from $703 million, or $2.93 per share, a year ago. 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. He called it good productivity and said the company was accelerating this strategy heading into 2020. Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy.
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