On Oct. 14, 1980, the fate of American railroads changed. Congress passed the Staggers Act, legislation that deregulated the industry. But a quarter of a century later, the debate over the law rages on.
NORFOLK, Va. – Norfolk Southern Corp. on Oct. 3 reopened its intermodal terminal in New Orleans. The facility had been closed since Hurricane Katrina struck the Gulf Coast Aug. 29. The terminal is now accepting inbound and outbound shipments at the gate. The yard is located at 2900 Florida Ave. in New Orleans. Due to local curfews, the terminal will operate from 8 a.m. to 4 p.m. “The restoration of intermodal service will assist with the transportation of reconstruction and relief materials to the Gulf Coast region,” said Bob Huffman, vice president intermodal operations. “We are working closely with our
Due to Hurricane Katrina and severe damage across the Southeast, Amtrak had little choice but to implement a revised service plan for three trains that pass through New Orleans.
NORFOLK, Va. — Motiva Enterprises LLC and Norfolk Southern Corporation on Feb. 2 announced the opening of a new high-capacity ethanol terminal located at Motiva’s petroleum distribution terminal in Sewaren, N.J. It is the largest rail-served ethanol terminal in the New York Harbor area. The terminal is strategically located to serve the New York and Connecticut markets for ethanol. The facility, which replaces Motiva’s 23-car-per-day terminal, is capable of unloading 40 railcars per day. The expansion more than doubled the terminal’s capacity from 1 million gallons per day to more than 2 million. Ethanol is increasingly being used as a
Norfolk Southern Corporation has reported record fourth-quarter net income of $264 million or $0.65 per diluted share, compared with $52 million or $0.13 per diluted share for fourth-quarter 2003. Fourth-quarter 2003 was affected by costs related to a voluntary separation program and an asset impairment charge that together reduced the quarter’s net income by $119 million or $0.30 per share. Excluding the effects of those items, fourth-quarter 2003 net income would have been $171 million or $0.43 per diluted share.
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.
Class I Railroads have offered their 2004 “Fall Peak” service plans via a letter sent to Surface Transportation Board (STB) Chairman Roger Nober, the STB announced.