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Workers in this longtime railroad hub are on edge, saying this feels different from past rail downturns. Volume was flat overall. If you arent fully vaccinated by November 8, you should still share your status and update your record later. Rail freight carloads were down 7.4percent this November versus the prior year, according to closely watched data from the Association of American Railroads. 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. Thats down from $703 million, or $2.93 per share, a year ago. By digitizing our training programs through remote learning, we were able to fulfill our training requirements and provide our employees with safety instruction they need.. Rail workers rarely speak to the media out of fear of losing their jobs, but more than a dozen spoke with The Washington Post, mainly because of concerns over how PSR is changing the industry in ways they say causes unnecessary job losses and creates an unsafe environment. 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 Copyright 2023 The Associated Press. Service Alert : Service Update : Read More. Thats better than the three previous years but still worse than a decade earlier when it reported 11.4 total accidents per million miles. At its worst, each crew member gets a paper copy (often several pages) of the train consist and other instructions. That work is expected to wrap up in early June, which will boost traffic in the area. Volume was flat overall. Railway operating revenues of $3.1 billion, up 7%, or $217 million, compared to first quarter 2022. "We'll continue to manage our assets well and control our costs. Norfolk Southern Adjusting for the Eastern Ohio Incident, diluted earnings per share were $3.32, up 13%, or $0.39 compared to the first quarter 2022. Family and Medical Leave Act - Norfolk Southern UP and its unions are suing each other over that requirement. Wall Street has applauded the changes, signaling this could be a model for other industries that encounter rough times. Rail executives say PSR enhances on-time delivery for customers. Norfolk Southern 4. 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. Thank you for all you do to serve our customers and communities.. As freight volume picks up in the second half of 2021 and beyond,concerns about meeting demand are rising,and training new or re-hires in a timely, efficient and safe manner will be critical. 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. You can apply at the same place you share your vaccination status by choosing Personal Information on SuccessFactors. When paired with operational efficiencies and industry-leading personnel, the company is positioned for future growth opportunities that will create long-term shareholder value, he said. Prior to Covid, The congressional mandate to mitigate fatigue among crew members and other safety-related workers is now a Neither will the 91 city employees currently on furlough due to facility closures related to COVID-19. Our areas of expertise include Commercial Moving Services, Warehousing, Document Shredding and Storage Solutions. 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. These efficiency gains helped the railroad achieve an adjusted operating ratio of 63.7% in the first quarter of 2020, when excluding the charge related to the disposition of locomotives. 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. That derailment, andotherssince then, sparked anationwide focuson railroad safety. Canadian railroads embraced PSR over a decade ago. Many Norfolk employees will get hazard pay for working While the U.S. economy overall is growing moderately, the railroad industry is a cautionary sign of the ongoing pain in the industrial sector and the deep structural changes underway in the economy that are eliminating middle-class jobs. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. GAAP financial results are adjusted to exclude the effects of a February 3, 2023 train derailment in East Palestine, Ohio that included 11 non-Company-owned tank cars carrying hazardous materials, fires associated with the derailment that threatened certain of the tank cars, and a controlled vent and burn procedure conducted on February 6, 2023 on the five derailed tank cars containing vinyl chloride (the Incident). Norfolk For some, this news will require a difficult individual choice. (Photo: Jim Allen/FreightWaves) Updated with COVID-19 response at Norfolk Southern Corp | Indeed.com The Company recognized $387 million of expenses during the first quarter related to the Incident. We fundamentally changed the way we operate over the last 2 years, said Bryan Tucker, vice president of communications at CSX. Norfolk Southerns history spans nearly two centuries to the earliest days of American railroading. Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Its very difficult for the operating crews and the towns and cities we operate through. Federal Railroad Administration data shows that Norfolk Southern reported 12.95 train accidents per every million miles last year. 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. In addition to this strong employee performance, Squires said the company's Reimagine '21 strategic plan, rolled out in 2019 and built on the tenets of precision scheduled railroading, is driving long-term, transformational improvements in operating efficiencies and customer service. "None of us can predict the severity or duration of this economic downturn, so we are focused on the factors within our control. Hello, you need to have JavaScript enabled to view this website. Reconciliation of Non-GAAP Financial MeasuresInformation 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). I am a repeat customer and have had two good experiences with them. 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. This change resulted in a hiring process that has become wasteful and unsustainable. The federal deadline for employees to be fully vaccinated is December 8. 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. Our approach has worked. These results include an initial $387 million charge Eliminating Assets Requires Precision Maintenance. A Union Pacific spokeswoman said the average train length is about 1.5miles. 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. 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. Adjusting for the effects of the incident charge, first quarter results included adjusted income from railway operations of $1.1 billion and adjusted diluted earnings per share of $3.32 improvements of 1% and 13%, respectively, compared to first quarter 2022. Machinist (Diesel Engine Mechanic) - Kansas City, MO 2023