Adjusting for the effects of the incident charge, first quarter results includedadjusted 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. Railroads must quickly get up to speed with available technologies and they need to stay ahead of the curve moving forward. Volume was flat overall. By leveraging the unique backgrounds and viewpoints of our employees, we can create a culture of innovation, respect, and inclusion. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Some freight carriers would like to cut down the typical personnel on a freight train from two (a conductor and engineer) to one. Moving forward, Norfolk southern will be known for safe operations, Shaw said. Similar rules have generated disputes in a variety of workplaces. And creating ways to keep them engaged and always learning is the conduit for this commitment. Norfolk Southern The $387 million estimate includes the $30.9 million the railroad pledged to help residents and the community around East Palestine recover from the derailment. 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. The generational knowledge that was passed down previously is fast-disappearing, and workers will not have that same 1:1 contact with old hands regardless, so having institutional knowledge stored and readily available in digital format is the way of the future. Weve kept the trains moving and our business strong, while limiting workplace spread. Family and Medical Leave Act - Norfolk Southern The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. 650 W. Peachtree Street NW, Atlanta, Georgia 30308, Establishing Rail Service on Privately Owned Track, Establishing Rail Service on NS Owned Track, Dual Mission Reward Program: Memphis-Rossville, Announcement for Public Tariff NSRQ 70220 & NSRQ 66326, Effective 9-1-2022, Sharonville Primary Gate Temporary Closure - Update, Board of Directors & Committee Membership, Norfolk Southern Declares Quarterly Dividend, Norfolk Southern reports second quarter 2022 results, Norfolk Southern increases conductor trainee pay to $25 an hour; adds biweekly $300 incentive, Norfolk Southern announces Board of Directors changes, Income from railway operations in the first quarter 2023 was, Adjusting for the Eastern Ohio Incident, income from railway operations was, Adjusting for the Eastern Ohio Incident, diluted earnings per share were. Electrical Software Engineer Career Development Center Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Norfolk Commonwealth's Attorney's Office Plea Philosophy Policies and Procedures 03-21-2022. Our response reflects our strategy of focusing on long-term priorities and value.. Central District of California | Justice Department The volume decline is similar to what occurred at the end of 2015, although the job losses are worse. That means we are obligated by law to require vaccinations for our employees. Apply for this job Employee Resources | Employees | Work at NS - Norfolk If youve been vaccinated, please share your status through the confidential process. This is critical for us to meet the compliance deadline and plan for potential impacts. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. The seven major freight railroads have idled nearly 30percent of locomotives in the past year, according to the economist Blaze, as they aim to run fewer but longer trains. All rights reserved. A worker safety advocacy group, the National Council on Occupational Safety and Health, issued a report Wednesday labeling Norfolk Southern and the other major freight railroads as some of the most dangerous employers in the nation because of those labor concerns about the impact of the cost cutting. The mandate stems from an Executive Order and associated guidance mandating that federal contractors require vaccinations for all employees. Forward-looking statements are not, and should not be relied upon as, a guarantee of future events or performance, nor will they necessarily prove to be accurate indications of the times at or by which any such events or performance will be achieved. This fog. As part of a joint statement, SMART-TD President Jeremy Ferguson and BLET National President Dennis Pierce noted: We have been in contract negotiations with NS since November of 2019, and federal law absolutely bars railroads from changing rates of pay, rules and working conditions while negotiations are ongoing. That work is expected to wrap up in early June, which will boost traffic in the area. ATLANTA, May 15, 2020 /PRNewswire/ -- Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and Our success enabled us to dispose of 703 locomotives that are no longer needed because our network is more efficient a strong sign that our strategic plan is working.".