Last June, a landslide from the Mount Washington hillside in Pittsburgh pretty much closed the Norfolk Southern railroad tracks near Station Square for 11 days, crippling the company’s ability to move double-stack freight cars through the region.
James Squires, chairman, president and CEO of Norfolk Southern, saw the value of his 2016 pay package rise about 5.4%, to $8.42 million from $7.98 million a year earlier, according to documents filed with the Securities and Exchange Commission.
Norfolk Southern posted stronger earnings in the fourth quarter with a 15% increase in profits compared with the same period in 2015, beating the already favorable forecasts from industry analysts.January 25, 2017
Norfolk Southern Corp. became the only U.S. railroad to report higher third quarter earnings, improving net income 2% to $460 million, or $1.55 per share, as cost reductions of 10% outpaced a decline in revenue.October 26, 2016
Princeton Consultants, an information technology and management consulting firm, has acquired the transportation management software business from TransWorks, a unit of rail operator Norfolk Southern Corp., and will use it as the basis for a new business to help manage interactions between shippers and carriers.October 24, 2016
A local freight transfer company plans to expand its operations at the Norfolk-Southern railroad yard in Taylor, Pennsylvania, creating at least 20 jobs, officials said Oct. 11.
Amtrak appointed Charles “Wick” Moorman, former CEO of Norfolk Southern Corp., as its new president, effective Sept. 1, to succeed the retiring Joe Boardman.August 19, 2016
Weaker energy-related freight shipments led two more North American railroads to report lower second-quarter earnings, including a decline of 6% at Norfolk Southern Corp. and 3% at Canadian National Railway.July 27, 2016
Norfolk Southern Corp. reported the best year-over-year improvement in first-quarter rail industry earnings, boosting net income 25% to $387 million, or $1.29 per share, helped by expense reductions and improved results for commodity groups, particularly automotive shipments.April 22, 2016
Canadian Pacific Railway terminated a plan to combine with Norfolk Southern Corp., ending the Canadian carrier’s efforts to complete the first merger among major railroads since 1999.April 11, 2016