NTSB: Switch Led to Deadly S.C. Collision, Evacuations

February 1, 2005 Railfanning.org News Wire 0

GRANITEVILLE, S.C. – At least nine people were killed and thousands evacuated from their homes after two trains collided, which resulted in toxic chlorine gas leaking. Hundreds of people were treated for a variety of injuries and at least 58 people were hospitalized, about a dozen in serious condition. A toxic cloud of gas leaked into area neighborhoods and the nearby Avondale Mills plant, which employs hundreds on its graveyard shift. “The initial evidence obtained suggests that the Norfolk Southern Railway, which owned the trains and the tracks involved, is responsible for this accident and will be held accountable to

NS: Graniteville Crash to Cost $30M-$40M

February 1, 2005 Railfanning.org News Wire 0

NORFOLK, Va. — Norfolk Southern on Jan. 24 said it expects the first quarter 2005 to reflect expenses in the range of $30 to $40 million (pretax) relating to the Jan. 6 derailment at Graniteville, S.C. The amount includes Norfolk Southern’s self-insurance retention under its insurance policies, as well as other uninsured costs. Although potential losses may exceed self-insurance retention amounts, NS expects at this time that insurance coverage is adequate to cover the potential claims or settlements. The amount does not include any fines or penalties that could be imposed. Nine people were killed in the derailment and hundreds

Five People Killed by Freight Train

November 10, 2004 Railfanning.org News Wire 0

GRANITEVILLE, S.C. — Five people were killed Nov. 10 when their car was struck by a Norfolk Southern freight train, various news outlets reported. The train, consisting of a locomotive and two cars was traveling 45 mph in a 49 mph zone, when it struck a Buick at the Ascauga Lake Road grade crossing in Graniteville, The Associated Press reported. The collision occurred at 8:15 a.m. The, as identifies by The Associated Press are: Connie Bodie, 26; Tammy Wilson, 36; Nathaniel Hay, 21; Michael Mack, 39; all of Williston; and Monica Myers, 41, of Springfield. The news agency reported Bodie

NS and CP: Agreement Will Improve Performance

CALGARY – Canadian Pacific Railway (CPR) and Norfolk Southern Railway (NSR) on June 30 signed a memorandum of understanding for an exchange of trackage rights, freight haulage and yard services that both railroads say will increase operational efficiency and enhance rail service to customers. “This agreement with NSR opens up new opportunity to move our northeastern U.S. franchise into a position of profitability,” Rob Ritchie, President and Chief Executive Officer of CPR, said. “We expect the changes will generate higher traffic volumes and revenues, greater productivity and lower operating costs.” CPR announced in June 2003 it was restructuring its northeastern

Report: Norfolk Southern Saves Millions in Fuel Costs

NORFOLK, Va. – Norfolk Southern has saved millions in fuel costs by purchasing its fuel in advance, The Virginian-Pilot reported last month. “In 2001, as diesel fuel prices started to fluctuate more and more, Norfolk Southern abandoned its longtime practice of buying fuel on the market. Instead, it began buying in advance through a financial technique called hedging to lock in prices for much of its diesel fuel,” the newspaper reported. In the first quarter of 2004, Norfolk Southern could have saved $22 million, if it used its monthly allotment. The company earned $158 million in the first quarter. “The

Norfolk Southern Exhibit Car Visiting 18 Communities

NORFOLK, Va. – The Norfolk Southern Exhibit Car will travel the company’s rail network from Alabama to Ontario in 2004, making stops in 18 communities where it will be open to the public. The car will appear for community events in 11 states and the Canadian province. It also will be in a special five-city whistle-stop train operated by NS to promote safe transportation of hazardous materials. The Exhibit Car is a rebuilt passenger rail car with displays depicting the history and modern operation of the Norfolk Southern transportation system. A locomotive simulator, the car’s most popular display, puts guests

Norfolk Southern’s Goode Urges an End to Conrail Oversight

NORFOLK, Va. – Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period. “The history of the past five years shows how the transaction has lived up to the board’s expectations,” Goode testified during a hearing in Washington. “Perhaps most importantly, the transaction resulted in two competitively balanced rail systems serving the eastern United States. In addition, of course, the transaction has created vigorous new rail-to-rail competition throughout the former Conrail territory,” benefiting shippers and communities. “No

CSXT and NSR File Registration Statements with SEC to Exchange Debt Securities for Conrail’s Debt Securities

April 23, 2004 Railfanning.org News Wire 0

WASHINGTON – CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate. CSXT and NSR each have filed a Registration Statement on Form S-4 with the Securities and Exchange Commission (SEC) that describes an offer to exchange new unsecured debt securities of CSXT and NSR and cash for unsecured debt securities of Conrail. The filings initiate the final stage in implementing the restructuring of Conrail’s unsecured indebtedness

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