Norfolk Southern

Norfolk Southern Reports $405 Million Second Quarter Net Income

Norfolk Southern Corp.’s net income for the second quarter of 2016 was $405 million, compared with $433 million during the same period of 2015, the company announced today. Diluted earnings per share were $1.36, 4 percent lower compared with $1.41 per diluted share earned in the second quarter last year. “Our second-quarter results reflect our unwavering focus on cost-control, steadfast commitment to customer service, and significant improvements in network performance,” Chairman, President and CEO James A. Squires said in a news release. “We are on track to achieve productivity savings of at least $200 million for 2016, and our record first half operating ratio of 69.4 percent gives us confidence we’ll


FRA Wants More Action to Prevent Grade Crossing Fatalities

The administrator of the Federal Railroad Administration is calling for greater action to prevent fatalities at the nation’s more than 200,000 railroad crossings. The call from Sarah E. Feinberg comes several significant incidents in recent weeks that have killed parents and their children at railroad crossings. “Over the last six weeks, there have been three significant, tragic railroad crossing incidents. Each took the lives of parents and young children,” Feinberg said in a release. “In San Leandro, California, a mother and her 3-year-old child were killed. In Colorado, a mother, a father and three of their four young children were killed on the way


CSX Reports $445 Million Net Q2 2016 Earnings

CSX Corp. today reported second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year. “CSX continued to drive strong customer service and network efficiency in a challenging market, which is expected to persist throughout this year,” said Michael J. Ward, chairman and chief executive officer. “In this environment, the company continues to right-size resources while making strategic investments to transform the company and capitalize on market opportunities to drive long-term value creation.” Revenue for the quarter declined 12 percent, driven primarily by an overall