Class I freight railroad CSX (NYSE: CSX) has appealed to the U.S. Supreme Court to continue its antitrust lawsuit against Norfolk Southern.
Jacksonville, Florida-based CSX sued Atlanta-based Norfolk Southern in October 2018 claiming its competitor conspired with Norfolk & Portsmouth Belt Line Railroad Co. to set an excessive “switch rate” on dock access to the Port of Virginia. CSX said the switch rate of $210 per train car cost the company hundreds of millions of dollars since its...
Josh Raglin, chief sustainability officer at Norfolk Southern, spoke with FreightWaves about recent developments in sustainability, technology and growth.
Sustainability through modal shift
Rail transportation is more efficient and creates fewer emissions compared to truckload transportation, a huge potential for a supply chain that is putting more pressure on measuring and reducing emissions within its network in the form of a carbon calculator.
“Freight rail has a really, really great story...
https://www.freightwaves.com/news/a-better-way-for-freight-rail
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Fuel management and consumption will be a key means to reduce GHG emissions, as fuel accounts for...
The ongoing theme of improving rail service as a means to capture market share away from trucking again appeared in comments from Class I railroad executives speaking at recent investor conferences.
To frame the discussion around rail service, CSX executives started by looking at what factors and conditions led market share away from rail to truck.
The railroads need to demonstrate that the service they provide is consistently reliable, according to CSX President and CEO Joe Hinrichs. who pointed...
https://www.freightwaves.com/news/class-i-railroad-executives-outline-plans-to-bolster-rail-service
Cincinnati voters decided on Election Day to allow their city to sell the Cincinnati Southern Railway to Norfolk Southern.
Tuesday’s vote was 51.56% in favor of the sale and 48.44% against the sale, according to Ballotpedia. By votes, those supporting the sale were 43,173 and those against the sale were 40,559 — a difference of 2,614.
The Cincinnati Southern Railway Board of Trustees owns the 382-mile railroad in a trust and leases it to NS (NYSE: NSC) for Cincinnati’s benefit. The city currently...
Norfolk Southern wants the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to provide more information on how their plans to create a Mexico-U.S. Southeast corridor will affect passenger and other freight rail traffic — including the Meridian Speedway that NS operates with CPKC.
NS (NYSE: NSC) is asking STB to get CPKC (NYSE: CP) and CSX (NASDAQ: CSX) to consolidate seven applications into one, as well as require CPKC and CSX to provide more analysis on how their...
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Norfolk Southern defended the rationale behind its elevated costs to investors during its...
https://www.freightwaves.com/news/norfolk-southern-says-higher-costs-will-pay-off-in-long-term
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Norfolk Southern’s third-quarter net income plunged by 50% in large part because of a $163 million...
https://www.freightwaves.com/news/ohio-derailment-charge-slams-norfolk-southerns-q3-profit
The Brotherhood of Railroad Signalmen (BRS) announced two endeavors Thursday involving the two Eastern U.S. Class I railroads: a collaboration with Norfolk Southern for a pilot safety program with Norfolk Southern (NS) and a sick leave agreement with CSX.
BRS’ collaboration with NS (NYSE: NSC) will consist of a one-year pilot program developed with input from the Federal Railroad Administration. The program will look at identifying safety improvements and best practices when sharing information...
Eastern U.S. Class I railroad Norfolk Southern over the weekend experienced its second system outage in two months.
NS said it believes the latest outage was related to a vendor product defect. The outage was not related to a cybersecurity incident or the system outage that occurred on Aug. 28, according to the railroad.
The outage, which occurred Friday evening at NS’ data center, was resolved safely and successfully at 1:30 a.m. ET on Saturday, NS said in a Saturday update. The outage had...
https://www.freightwaves.com/news/system-outage-briefly-halts-norfolk-southern-train-operations