As railroads move to increasingly autonomous operations, requiring fewer personnel onboard, having in-depth and interactive training materials on-hand at all times both for review and practice will be critical. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. 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. Yetthose who livenear the derailment site close to the Ohio-Pennsylvania border are fearful ofpossible long term health impactseven though officials say that repeated testing hasnt shown harmful levels of chemicals in the air or drinking water. A Union Pacific spokeswoman said the average train length is about 1.5miles. 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. Volume was flat overall. When typing in this field, a list of search results will appear and be automatically updated as you type. Ive been one of the fortunate few who have never been laid off, Hollandsworth said. 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 This greatly decreases chances for infection. Learn more by visiting www.NorfolkSouthern.com. We know that employees thrive in a workplace where differing viewpoints, ideas, and experiences are freely shared and valued. 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. 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. 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. That derailment, andotherssince then, sparked anationwide focuson railroad safety. 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. And creating ways to keep them engaged and always learning is the conduit for this commitment. 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. Norfolk Southern Shareholder Action Reminder That work is expected to wrap up in early June, which will boost traffic in the area. 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. Now the cuts are happening to people with up to a decade of seniority. The average train length has increased 25percent since 2008 to about 1.4 miles, according to a Government Accountability Office report published in May. The Company recognized $387 million of expenses during the first quarter related to the Incident. Norfolk Southern reports first quarter 2023 results PSR touts itself on reducing assets such as track, cars and locomotives, but little is discussed about maintaining the assets that remain. 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. 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. COVID-19 Masking Policy at Norfolk Department of Adjusting for the Eastern Ohio Incident, income from railway operations was $1.1 billion, up $13 million or 1% compared to first quarter 2022. They Refused to Fight for Russia. 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. When workers are continuously learning and increasing their value in their craft as an industry expert, they both appreciate their work and feelappreciatedby the railroad. However, the need for social distancing as a result of COVID-19 necessitated the expanded use of remote simulation monitoring and training. OMAHA, Neb. Will your logo be here as well?. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. 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. Then Norfolk Southern eliminated that role in September. Hiring and Furloughing Practices Require Rethinking. Spokeswomen for two other major major U.S. railroads, CSX and Kansas City Southern, said officials at those railroads are still considering whether to impose vaccine mandates in response to the executive order, but both railroads are encouraging employees to get the shots. BNSF, Norfolk Southern and Union Pacific are three of the largest U.S. railroads. Norfolk Southern The Law Did Not Treat Them Kindly. Squires said the economic downturn triggered by COVID-19 will impact the railroad's business, noting that traffic volumes decreased by 11% in the first quarter of 2020 and continue to trend downward. And maintenance and repair workers in rail yards long considered some of the most secure roles are also being let go. Norfolk Southern reports first quarter 2023 results. What they [customers] are getting in terms of service quality today is off the chart, James M. Foote, president of CSX told investors at a November investment conference in Tennessee. Copyright 2023 The Associated Press. Adjusting for the effects of the incident charge, first quarter results included adjusted 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. Fully automated freight trains began running in Australia about a year ago, a possible precursor of whats to come. "As they always do in a crisis, our employees responded heroically," Squires said. Apply for this job Regulatorsandmembers of Congresshave proposed reforms like capping freight trains lengths and setting standards for the trackside detectors used to spot problems. Prior to Covid, Norfolk Southern Review Norfolk Southerns operating reports and the terms used to report performance in one convenient location. 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. Rail Group News offers news and analysis from Railway Age, IRJ and RT&S by email. 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. For our industry, trade has become just a huge part of what we do. Unlike in the past, his colleagues probably wont be coming back. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. I was told this furlough was indefinite. 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. Norfolk Southern Norfolk Norfolk Southern and other major freight railroads have announced new safety measures, including more than 1,000 more trackside detectors. 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). 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. If you have a medical condition or sincerely held religious belief that prevents you from receiving the COVID-19 vaccine, you should apply for an accommodation by November 8. 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. After reviewing the order carefully to be certain, we determined that we are covered under the mandate. In addition, these non-GAAP financial measures may not be the same as similar measures presented by other companies. 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. Apply for this job Its very difficult for the operating crews and the towns and cities we operate through. This is critical for us to meet the compliance deadline and plan for potential impacts. Family and Medical Leave Act - Norfolk Southern All employees need to provide their status by November 8, regardless of whether they are vaccinated, and even if they shared their status previously. He recalled a recent episode when there was one with 220 cars, about 3miles long. Its unsafe to have rail crossings blocked so long.. The gains were better than the overall market. These results include an initial $387 million charge Our training requirements could not be sustained due to COVID restrictions, says Michael Urena, Manager, Transportation Training, Training and Development, CN. 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. "We are making progress every day and I'm proud of our people. Join OAR in bridging connections with first responders. 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 (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 In his remarks, Squires expressed confidence in the Norfolk Southern team, saying the company's agile response to the coronavirus pandemic demonstrates the railroad's resilience and unwavering commitment to customers and the communities it serves. NS Requiring COVID-19 Vaccinations for All Employees Many Norfolk employees will get hazard pay for working Norfolk Southern November marked the 10th straight month that rail freight deteriorated from the last years stellar traffic levels. The railroads have said that employees will be disciplined if they fail to comply with the vaccine mandate. This system is for the use of authorized users only. 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 Shaw reiterated his often-stated promise Wednesday to do whatever it takes to make it right for East Palestine and the surrounding areas.. Here are five takeaways from this past year, around what to expect and potential ways to alleviate the impact of each. But now, rail industry leaders are cautiously optimistic. John Victor - via Google, Very nice owner, extremely helpful and understanding When it comes to the paper trail that railroads create, theyre lagging far behind other industries. Five Takeaways From COVID-19s Impact on Railroad Today, it operates a customer-centric and operations-driven freight transportation network. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. coronavirus 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. The railroad will also have to reimburse the Environmental Protection Agency for its oversight of the cleanup. Those hired know theywillbe furloughed, and many of them wont return. 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. Some routes are now gone or downsized. Providing global relocations solutions, storage and warehousing platforms and destruction plans. While the Company believes that these non-GAAP financial measures are useful in evaluating the Companys 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. Railway Age reproduces the Oct. 20 NS memo, in full, below: Federal Vaccine Mandate Will Require Change in NS Policy. 1. 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. Freight declines have typically foreshadowed trouble for the broader economy because theyre a barometer of how much stuff is heading to market. 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. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. A Norfolk Southern spokeswoman said the company was focused on increasing efficiency and profitable growth and that as our business changes, so too do our personnel needs. Union Pacific stressed the environmental benefits of moving goods by rail instead of truck. Workers will require more than a basic understanding of adjacent crafts, and that expertise should be immediately accessible for reference regardless. NS follows Union Pacific (UP) in taking action. Norfolk Southern adapts to COVID-19 challenges, forges New covid variant: A new coronavirus subvariant, XBB. 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. Norfolk Southern moves to bar union lawsuits over Central District of California | Justice Department Technology allows operations to push this information to each member electronically, eliminating the need to physically report to a building. "We will get through the challenges ahead and emerge as an even stronger company," Squires said. Shaw pledged to continue working to improve that record as the railroad applies the lessons from East Palestine. UP, BNSF and NS suspend COVID-19 vaccine mandates We're keeping the steel wheels moving as we play our part to keep the shelves stocked and the lights on.". 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.. You can do this by updating your Personal Information on SuccessFactors. Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. But the employment losses are being exacerbated by the industrys embrace of new technology and a newly efficient technique of directing rail traffic known as Precision Scheduled Railroading, or PSR, that is transforming the economics of the business. People always thought it was the coolest thing when you told them you worked on a locomotive, he said, but now hes job hunting. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. For helpful informationvisit our FAQ page. 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. 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).
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