Norfolk Southern

Less China means more business for Port of Virginia

VIRGINIA BEACH, Va. — “China” is now a dirty word among fiercely competitive U.S. ports looking to woo global container shippers.

The Port of Virginia offered a carefully crafted message that it’s an ascending powerhouse for container trade without being nearly as reliant on China and that country’s newly deleterious effects as its West Coast maritime brethren.

East Coast ports generally handle a smaller share of China trade than West Coast ports; imports and exports from China and Hong Kong...

https://www.freightwaves.com/news/less-china-means-more-business-for-port-of-virginia

Norfolk Southern, Port of Virginia join forces for US first RailGreen Corridor

The Port of Virginia​ has launched a collaboration with US railway company Norfolk Southern on its new RailGreen program that reduces supply chain emissions for shippers.

According to the announcement, with the first-of-its-kind emission reduction program for freight rail connecting to the East Coast’s most sustainable port, shippers now have the nation’s first “RailGreen Corridor” to conduct business.


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Norfolk Southern runs daily service to...

https://container-news.com/norfolk-southern-port-of-virginia-railgreen-corridor/

Class I railroads keep optimistic outlooks despite trade uncertainty

Despite mounting uncertainty over tariffs, trade policy and the economy, most major railroads held firm on their 2025 outlooks — contrasting with a wave of guidance cuts across other industries.

Among the five publicly traded Class I railroads, Canadian National, Norfolk Southern and Union Pacific kept their guidance intact, while Canadian Pacific Kansas City and CSX made slight downward adjustments during their first-quarter earnings calls over the past three weeks.

The guidance serves as a key...

https://www.freightwaves.com/news/class-i-railroads-keep-optimistic-outlooks-despite-trade-uncertainty

Illinois railcar owner doesn’t have to pay damages in Ohio train derailment

GATX, the company that owned one of the railcars in a 2023 Ohio train derailment, will not have to pay a portion of railroad Norfolk Southern’s $600 million settlement with residents.

After a trial that lasted more than three weeks, a federal jury in Youngstown, Ohio, on Wednesday found GATX Corp. not liable in the settlement for damages caused by the incident in East Palestine.

“GATX is pleased with the trial outcome, which affirms what we have known for some time: Norfolk Southern alone is...

https://www.freightwaves.com/news/illinois-railcar-owner-doesnt-have-to-pay-damages-in-ohio-train-derailment

Cost savings boost Norfolk Southern profits despite impact of winter storms

Norfolk Southern posted higher profits in the first quarter despite flat revenue and the impact of harsh winter weather.

“There’s a lot to be pleased with this quarter,” CEO Mark George said, including delivering financial results in line with expectations despite a “vicious winter” that included 18 storms.

“Our network resiliency was evident again thanks to great planning and execution by our team,” George told investors and analysts on the railroad’s Wednesday morning earnings call.

Adjusted for...

https://www.freightwaves.com/news/cost-savings-boost-norfolk-southern-profits-despite-impact-of-winter-storms

First look: Norfolk Southern earnings

Norfolk Southern Corp. on Wednesday reported a rebound in first-quarter profits despite slightly weaker revenue from a year ago as it recovered from severe winter weather across its network.

The Atlanta-based railroad (NYSE: NSC) reported railway operating revenues of $3 billion, down $11 million compared to the first quarter of 2024. Income from railway operations was $1.1 billion, an increase of $933 million.

Operating ratio in the quarter was 61.7% compared to 92.9% in the first quarter of...

https://www.freightwaves.com/news/first-look-norfolk-southern-earnings

Supreme Court turns down CSX antitrust suit against Norfolk Southern

The U.S. Supreme Court has turned down CSX Transportation’s effort to revive an antitrust lawsuit against Norfolk Southern over access at the Port of Norfolk, Virginia.

Reuters reports that the court on Monday announced it would decline to hear the case, dismissed last August by a lower court. The 4th U.S. Circuit Court of Appeals in Virginia ruled CSX had failed to act against NS (NYSE: NSC) within the four-year window for filing antitrust claims.

In a suit filed in 2018, CSX (NASDAQ: CSX)...

https://www.freightwaves.com/news/supreme-court-wont-hear-csx-antitrust-suit-against-norfolk-southern

BNSF, NS, Northwestern ports trim 3 days from intermodal speed service to Chicago

BNSF Railway, Norfolk Southern (NS) and the Northwest Seaport Alliance (NWSA) have announced a collaboration to enhance intermodal service from the Pacific Northwest.

The partners aim to deliver a three-day-faster service for inland point intermodal (IPI) traffic originating from the ports of Seattle and Tacoma, Washington, destined for or connecting through Chicago.

The redesigned service plan focuses on efficiency and speed. NWSA will now build trains with less than two days of dwell time off...

https://www.freightwaves.com/news/bnsf-ns-northwestern-ports-trim-3-days-from-intermodal-speed-service-to-chicago

New US tariffs hit railroad stocks in early trading

Railroad stocks tumbled Thursday in response to the Trump administration’s Wednesday announcement of widespread tariffs on U.S. trading partners.

It was an indication that investors believe the tariffs will raise prices and have a negative impact on consumer spending, which in turn will reduce demand for the raw materials and finished products that railroads carry.

As U.S. stock markets opened on Thursday, the S&P 500 was down nearly 4%. CSX (NASDAQ: CSX) and Union Pacific (NASDAQ: UNP) stock...

https://www.freightwaves.com/news/new-us-tariffs-hit-railroad-stocks-in-early-trading

Mexico boosted CPKC, FXE in 2024 as other railroads saw weaker revenue

The fourth quarter of 2024 saw mixed results for North America’s seven largest freight railroads, reflecting ongoing economic uncertainties and shifting trade patterns, but carriers should see steady if unspectacular results in 2025 after taking proactive measures, according to a new study.

Consultant Oliver Wyman surveyed key performance metrics, and found revenue performance in Q4 2024 was generally flat or slightly down compared to Q4 2023, continuing the slower business trends seen...

https://www.freightwaves.com/news/mexico-boosted-cpkc-fxe-in-2024-as-other-railroads-saw-weaker-revenue

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