Policies. For the The Law Did Not Treat Them Kindly. For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2.04 down by 34% and 30%, respectively, compared to the first quarter 2022. All photographs taken prior to onset of the COVID-19 pandemic. WebAt Norfolk Southern, we believe in celebrating our individuality. By continuing to execute our strategic plan and provide superior service to our customers, we will move through this period successfully and be ready to capture opportunities as the economy recovers. Forward-looking statements 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. 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. Beyond not being sustainable, its not the best for safety either. Workers across the country report an increase in hitching two trains together on their routes. Moving forward, Norfolk southern will be known for safe operations, Shaw said. For helpful informationvisit our FAQ page. 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. Our response reflects our strategy of focusing on long-term priorities and value.. Providing global relocations solutions, storage and warehousing platforms and destruction plans. Norfolk Southern BNSF, Norfolk Southern and Union Pacific are three of the largest U.S. railroads. UP, BNSF and NS suspend COVID-19 vaccine mandates Its unsafe to have rail crossings blocked so long.. He called it good productivity and said the company was accelerating this strategy heading into 2020. From the beginning, we have been guided by one principle: We are going to do whatever it takes to make it right for East Palestine and the surrounding areas, said Norfolk Southern President and Chief Executive Officer Alan H. Shaw. 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. The class action complaint against Norfolk Southern, captioned Bucks County Employees Retirement System v. Norfolk Southern Corporation, et al. COVID-19 Vaccines COVID-19 Vaccines Published October 4, 2020 Last Updated April 4, 2023, 7:11 pm Vaccines are crucial tools in the fight against deadly infectious diseases. They Refused to Fight for Russia. Norfolk Southern moves to bar union lawsuits over UP on Oct. 13 announced on its website that it is complying with the executive order requiring employees of federal contractors be fully vaccinated by Dec. 8. UP and its unions are suing each other over that requirement. Federal judges have yet to rule on any of these lawsuits related to the railroads' vaccine requirements. You can apply at the same place you share your vaccination status by choosing Personal Information on SuccessFactors. To find a location offering vaccination in your community, weve created a resource page with links to search by zip code. Thats down from $703 million, or $2.93 per share, a year ago. Staffing Efficiencies Closely Tied to Safety and Resiliency. But Norfolk Southern said that because its bargaining agreements allow it to make changes in order to comply with new laws, including Bidens executive order, it has not violated the RLA. Prior to Covid, Learn more about the NS Green Financing Framework. Unlike in the past, his colleagues probably wont be coming back. That derailment, andotherssince then, sparked anationwide focuson railroad safety. They have lots of options for moving. 1.16, has been designated as a variant under monitoring by the World Health Organization. All rights reserved. In addition, these non-GAAP financial measures may not be the same as similar measures presented by other companies. 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. Use without authority or in excess of authority constitutes a violation of company policy and may constitute a crime. The income tax effects of this non-GAAP adjustment were calculated based on the applicable tax rates to which the non-GAAP adjustment related. And also more susceptible to risk than ever. It was enormous and only had two people working it. 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. Thats better than the three previous years but still worse than a decade earlier when it reported 11.4 total accidents per million miles. Todays rail slump is partly a fallout from the trade war and partly the result of long-term trends like the United States becoming less reliant on coal, experts say. The generational knowledge that was passed down previously is fast-disappearing, and workers will not have that same 1:1 contact with old hands regardless, so having institutional knowledge stored and readily available in digital format is the way of the future. 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. We are making progress every day and Im proud of our people. The Company recognized $387 million of expenses during the first quarter related to the Incident. If you arent fully vaccinated by November 8, you should still share your status and update your record later. Now I go in every day wondering if this is it., Comparisons of claims against the evidence, Railroads are slashing workers, cheered on by Wall Street to stay profitable amid Trumps trade war, Bidens misleading deficit claim earns him a Bottomless Pinocchio. 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. Its a huge issue. laura lehn - via Google, I highly recommend Mayflower. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. WebNorfolk Southern honors the basic leave entitlements of the Family and Medical Leave Act, entitling employees to up to 12 weeks of unpaid job-protected leave for several reasons. BNSF Railway has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. Rail freight carloads were down 7.4percent this November versus the prior year, according to closely watched data from the Association of American Railroads. The Coronation whisky accidentally created in the Cotswolds. 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. Its at least a 50 page per trip process to get from point A to point B, and that is entirely unacceptable. Hello, you need to have JavaScript enabled to view this website. WebHealth Questionnaire for employee returning to work from non-medical absence of six months or longer Return to Work Form Medical Condition and Medication Guidance: Probably in the range of 35 to 45percent of our business, said John Gray, senior vice president of policy and economics at the Association of American Railroads, the industrys main trade group. Those hired know theywillbe furloughed, and many of them wont return. 1. Then Norfolk Southern eliminated that role in September. Central District of California | Justice Department About Norfolk Southern Prompt and friendly service as well! In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. click here. While the Company believes that these non-GAAP financial measures are useful in evaluating the Company's 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. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts. That estimate doesnt include money Norfolk Southern, based in Atlanta, will put into funds to help cover any long-term health issues, protect drinking water and compensate residents for the loss in their property values because the details are still being worked out with Ohios attorney general. For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2 .04 down by 34% and 30%, respectively, compared to the first quarter 2022. In some cases, forward-looking statements may be identified by the use of words like "will," "believe," "expect," "targets," "anticipate," "estimate," "plan," "consider," "project," and similar references to the future. Ive been one of the fortunate few who have never been laid off, Hollandsworth said. Moving forward, Norfolk southern will be known for safe operations, Shaw said. Here are five takeaways from this past year, around what to expect and potential ways to alleviate the impact of each. Freight railroads used to run trains carrying just one type of good, and the trains could sit in yards for hours or days until they had enough of a load to justify departing. Revenue grew 7% to $3.13 billion, in line with expectations, as it increased rates for most of the cargo it delivered. The strategy has taken hold among major U.S. freight railroads since 2017, as executives hunted for a way to increase profits to make up for shrinking coal traffic and the recent downturn in the industrial economy. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. As Bostek mentions above,digital, virtual simulationscan make this practice possible anytime, anywhere and at a pace that meets each worker where they are. 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. 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. "We've decongested our yards and road network, allowing cars to turn quicker in the terminals and trains to move faster on the network. The unionsthe Transportation Division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) and the Brotherhood of Locomotive Engineers and Trainmen (BLET)reported on Oct. 29 that they have filed counterclaims challenging NS actions in implementing the vaccine policy without the bargaining mandated by the Railway Labor Act. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. 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. Workers say they are concerned that radio signals sometimes go down between the front and back of long trains and that Americans dont like waiting for long trains to pass. Revenue grew 7% to $3.13 billion, in line with expectations, as it increased rates for most of the cargo it delivered. We fundamentally changed the way we operate over the last 2 years, said Bryan Tucker, vice president of communications at CSX. Norfolk Southern and other major freight railroads have announced new safety measures, including installing more than 1,000 more trackside detectors. "As a result of our transformation, we've set records for metrics such as train speed, terminal dwell, and shipment consistency," Squires said. The railroads that have imposed vaccine mandates say they are complying with President Joe Biden's executive order requiring all federal contractors to have their employees vaccinated. 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. 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). "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. COVID 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. Question: How has Norfolk Southern Corp responded to the COVID-19 outbreak? After reviewing the order carefully to be certain, we determined that we are covered under the mandate. And through it all, our Norfolk Southern employees will continue to get the job done safely, with excellence and pride.". Prior to Covid, railroads sought to shed assets and reduce workforce size to increase shareholder return and decrease operating ratios. But railroad stocks soared in 2019 after rail executives embraced automation and cost-cutting to remain profitable, doubling down on the idea that rails future entails longer, faster trains and fewer workers. The railroads have said that employees will be disciplined if they fail to comply with the vaccine mandate. Labor shortages in dray, warehousing hit Norfolk Southerns ", Squires' full remarks are posted on the "Invest in NS" section of the Norfolk Southern website under "Presentations.". Forward-looking statementsCertain 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. That work is expected to wrap up in early June, which will boost traffic in the area. They found they can hook two trains together and cut a crew, said a Union Pacific engineer based in Cheyenne, Wyo., who spoke on the condition of anonymity out of fear for his job. "From the beginning, we have been guided by one principle: We are going to do whatever it takes to make it right for East Palestine and the surrounding areas," said Norfolk Southern President and Chief Executive Officer Alan H. Shaw. 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. Will your logo be here as well?. 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. They craved stability, and they realized they have options. Workers in this longtime railroad hub are on edge, saying this feels different from past rail downturns. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. Our approach has worked. Today, it operates a customer-centric and operations-driven freight transportation network. Servicing Northern California For Over 25 Years, Select The Service Your Interested InDocument ShreddingRecords ManagementPortable StorageMoving ServicesSelf StorageOffice MovingMoving Supplies. "Norfolk Southern has a history of successfully managing through business cycles and challenging economic environments," Squires said. If you need to ONLY access mainframe HORSE functions such as CREW CALL or MEMO, you may do so WebCOVID-19 Masking Policy at Norfolk Department of Public Health Visitors can now enter non-clinical spaces in the Norfolk Department of Public Health facilities without using a ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Norfolk Southern reports first quarter 2023 results For helpful informationvisit our FAQ page. 650 W. Peachtree Street NW, Atlanta, Georgia 30308, Establishing Rail Service on Privately Owned Track, Establishing Rail Service on NS Owned Track, Rossville International Intermodal Optimized Stack Operations and Appointment System, Adjusted Intermodal Container Handling Fees, Public Tariff Announcement NSQ 72824 - effective May 1, 2023, Chicago 63rd St. Outgate Portal Temporary Closure, Board of Directors & Committee Membership, Norfolk Southern reports first quarter 2023 results, Norfolk Southern to announce Q4 2022 earnings, Norfolk Southern Reports Q4 and Full-year 2022 Results, Norfolk Southern reports third quarter 2022 financial results. This cloud. We are proud to provide our customers with these services and value by trained professionals. The railroads are not alone in facing resistance to vaccine mandates. 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 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. U.S. Customs and Border Protection Employee Resource Center 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. Cision Distribution 888-776-0942 Its very difficult for the operating crews and the towns and cities we operate through. 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 Family and Medical Leave Act - Norfolk Southern Kessler Topaz Meltzer & Check, LLP Announces Investor Yet the National Transportation Safety Board and Federal Railroad Administration are investigating the railroads practices to see where they can be improved. 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. To learn how to enable JavaScript in your browser, We dont want anyone to leave the company because of this new mandate. Forward-looking statementsCertain statements in this news release may be forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. 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 About Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Adding to the potential for infection, the same train crews detailed above often have to report to a physical building with others to get required paperwork, and instructions from operational personnel to complete their duties. Historically, railroads have carried headcount that can be quickly shed on a seasonal basis to correspond with traffic declines, offering steady employment nine months out of the year. This change resulted in a hiring process that has become wasteful and unsustainable. For further information: Media Inquiries: Media Relations, Click here to open the mobile navigation dropdown. Lori Baker - via Google. For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2.04 down by 34% and 30%, respectively, compared to the first quarter 2022. Norfolk Southern Luke Nichols, 470-867-4807. The Biden Administration has issued an executive order and associated guidance mandating that federal contractors require vaccinations for all employees. When it comes to the paper trail that railroads create, theyre lagging far behind other industries. Income from railway operations in the first quarter 2023 was $711 million including a $387 million charge associated with the Eastern Ohio Incident, a 34% decline compared to $1.1 billion in the first quarter of 2022. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. These statements relate to future events or future performance of Norfolk Southern Corporation's (NYSE:NSC) ("Norfolk Southern," "NS" or the "Corporation"). ATLANTA, May 15, 2020 /PRNewswire/ -- Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and But the details of how much insurance will actually cover will be worked out over time. The price they quote you is guaranteed and if your load comes in on the scales below the pounds they quote you they will refund you the difference you paid. Adopting Digitization to Keep Workers Safe and Evolve. Volume was flat overall. Thats down from $703 million, or $2.93 per share, a year ago. Now the cuts are happening to people with up to a decade of seniority. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. 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 As Hollandsworth cut the locks and removed his former co-workers coats, hats, power tools and hefty company rule books, he couldnt shake the feeling that the layoffs were different this time. Norfolk Southern 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. Norfolk Southern says the case presents a minor dispute because its bargaining agreements do not bar the railroad from adopting a vaccine mandate.. The unions, which have filed some of their own lawsuits in response, argue that the railroads should have negotiated with them before imposing their mandates. OMAHA, Neb. As it has with everything else in the world, COVID-19 has impacted railroading in a variety of waysand staffing is one of them. Not only is NS in violation of the law, it has explicitly spurned our demands that these matters be bargained. Workers say the peak never came in 2019. For the quarter, income from railway operations was $711 million, and diluted earnings per share were $2.04 down by 34% and 30%, respectively, compared to the first quarter 2022. 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. Electrical Software Engineer Career Development Center is to create and maintain customer confidence with our services and communication. But the details of how much insurance will actually cover will be worked out over time. Railroad worker checking up wheels and braking system of freight train. We know that employees thrive in a workplace where differing viewpoints, ideas, and experiences are freely shared and valued. 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. Canadian railroads embraced PSR over a decade ago. Hundreds of black locomotives bearing the Norfolk Southern logo are parked back-to-back on the tracks that run through the heart of Roanoke. The process was smooth and easy. WebThis is the SAME password used for RIT, Webmail and Windows. At its worst, each crew member gets a paper copy (often several pages) of the train consist and other instructions. 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. 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. He was a locomotive engineer for Norfolk Southern for 20 years. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. 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. The city laid off 470 part-time employees this year for the same Fully automated freight trains began running in Australia about a year ago, a possible precursor of whats to come. 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 Southern
