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Jim Squires, NS CEO Norfolk Southern NORFOLK, Va. — It would be an understatement to say that Norfolk Southern’s views on Precision Scheduled Railroading have evolved. In November 2015, Jim Squires had been chief executive for barely six months when the wolf — dressed as Canadian Pacific CEO E. Hunter Harrison — came banging on […]
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ATLANTA — Norfolk Southern is taking a two-pronged approach to operational changes as it adopts Precision Scheduled Railroading. First, it’s redesigning local service from scratch using a process that it has dubbed clean-sheeting. Second, NS will begin making systemwide operating changes that affect road trains once the first round of clean-sheeting is completed in June. […]
Norfolk Southern CEO Jim Squires Norfolk Southern ATLANTA — Expect to see big changes on Norfolk Southern as the railroad launches its new Precision Scheduled Railroading operating plan, TOP21, over the summer. The most visible differences will include longer trains with distributed power, the increased use of general purpose trains that combine different types of […]
ATLANTA — Norfolk Southern’s embrace of Precision Scheduled Railroading will put the railroad’s operational house in order and improve financial results, including a 60-percent operating ratio by 2021. “We decided to adopt Precision Scheduled Railroading because it works,” Norfolk Southern CEO Jim Squires said in kicking off the railroad’s investor day presentations on Monday. NS […]
A slide from a Norfolk Southern presentation on locomotive reductions. Norfolk Southern ATLANTA — The ongoing modernization of Norfolk Southern’s locomotive fleet will be a key element of the financial and operational gains the railroad is seeking with its shift to Precision Scheduled Railroading. Norfolk Southern’s new TOP21 operating plan will reduce the size of […]
A Twitter post shows the damage to the Station Square light rail station. The agency which operates the light rail system is billing Norfolk Southern $3 million for the costs of repairs. Port Authority of Allegheny County Twitter account PITTSBURGH — The Port Authority of Allegheny County is billing Norfolk Southern about $3 million for […]
A screenshot from a video on the North Charleston, S.C., city government Facebook page shows Mayor Keith Summey standing in the middle of a railroad track to harshly criticize Norfolk Southern over daytime work that blocked a busy grade crossing. North Charleston city government Facebook page NORTH CHARLESTON, S.C. — North Charleston’s mayor has taken […]
NORFOLK, Va. — Norfolk Southern reported record financial results on Thursday, including the railroad’s highest-ever quarterly operating income and revenue. “We once again delivered strong financial results,” CEO Jim Squires told investors and analysts on the railroad’s earnings call. Quarterly operating income, adjusted for one-time items, rose 27 percent to a record $1 billion as […]
NORFOLK, Va. — Norfolk Southern’s fourth-quarter operational improvements enabled it to store more than 300 locomotives and return 100 leased units even as the railroad hauled record volumes and gross ton-miles. NS continued to become more fluid this month, as average train speed was up 15 percent and terminal dwell was down 11 percent compared […]
Norfolk Southern’s classic ABBA cab units pass through Harrisburg, Pa., in August 2012. Trains: Jim Wrinn ALTOONA, Pa. — Norfolk Southern’s fabulous four — the F-units that were rebuilt for executive train service in 2007 — are being renumbered. NS will drop the first digit from each unit’s road number to make way for General […]
NORFOLK, Va. — Norfolk Southern’s new operating plan is gaining traction. The railroad is moving faster than it has in nearly two years as average train speeds have climbed 28 percent during the past eight weeks. Last week’s 22.8-mph average train speed was the highest NS has posted since the spring of 2017 and was […]
