Learn more by visiting www.NorfolkSouthern.com. For some, this news will require a difficult individual choice. Fully automated freight trains began running in Australia about a year ago, a possible precursor of whats to come. Norfolk Southern and other major freight railroads have announced new safety measures, including installing more than 1,000 more trackside detectors. Today, it operates a customer-centric and operations-driven freight transportation network. Yetthose who livenear the derailment site close to the Ohio-Pennsylvania border are fearful ofpossible long term health impactseven though officials say that repeated testing hasnt shown harmful levels of chemicals in the air or drinking water. As Bostek mentions above,digital, virtual simulationscan make this practice possible anytime, anywhere and at a pace that meets each worker where they are. 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. Heres how the new requirement affects us: Whether you support the mandate or have concerns about vaccination, lets rise to the challenge by showing each other the mutual respect that is such an important value in our culture. 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. 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. Citi analyst Christian Wetherbee said the railroads core results were weaker than he expected and shares were down more than 3% Wednesday afternoon at $200.58. NS has now sued the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART) and two other unions that represent its employees, according to Reuters. Unlike in the past, his colleagues probably wont be coming back. Policies. laura lehn - via Google, I highly recommend Mayflower. Leaders of the SMART-TD union and the Brotherhood of Locomotive Engineers and Trainmen have said they generally support workers getting vaccinated, but they don't think the railroads should require it without negotiating first. Neither will the 91 city employees currently on furlough due to facility closures related to COVID-19. He called it good productivity and said the company was accelerating this strategy heading into 2020. The railroads have said that employees will be disciplined if they fail to comply with the vaccine mandate. Fact-checking Trumps reaction to Bidens reelection announcement. When typing in this field, a list of search results will appear and be automatically updated as you type. Norfolk Southern says the case presents a minor dispute because its bargaining agreements do not bar the railroad from adopting a vaccine mandate.. Our areas of expertise include Commercial Moving Services, Warehousing, Document Shredding and Storage Solutions. Our response reflects our strategy of focusing on long-term priorities and value.". This system is for the use of authorized users only. 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. Eliminating Assets Requires Precision Maintenance. Canadian railroads embraced PSR over a decade ago. The class action complaint against Norfolk Southern, captioned Bucks County Employees Retirement System v. Norfolk Southern Corporation, et al. Forward-looking statementsCertain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Our training requirements could not be sustained due to COVID restrictions, says Michael Urena, Manager, Transportation Training, Training and Development, CN. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. UP, BNSF and NS suspend COVID-19 vaccine mandates Five Takeaways From COVID-19s Impact on Railroad Ive never seen conditions like this in my 45-year career, said Jim Blaze, a railroad economist. WebOur Vision: Be the safest, most customer-focused and successful transportation company in the world. Prior to Covid, 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. Both Union Pacific and Norfolk Southern are offering employees $300 if they get the shots. Moving forward, Norfolk southern will be known for safe operations, Shaw said. This cloud. And in light of COVID, safety has expanded to include a focus on resiliency, as a tighter headcount requires a more proactive approach to keep trains running on schedule. 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. These results include an initial$387 million charge associated with theincident inEastern Ohio and do not reflect any amounts potentially recoverable under the company's insurance policies, which would be reflected in future periods in which recovery is considered probable. As it has with everything else in the world, COVID-19 has impacted railroading in a variety of waysand staffing is one of them. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. BNSF said the unions don't dispute when it changes drug testing rules, and they didn't fight it earlier this year when the railroad imposed a mask mandate after the Federal Railroad Administration ordered it. If youre trying to save money, you cut people like crazy.. My wifes freaking out. The federal deadline for employees to be fully vaccinated is December 8. Diluted earnings per share were $2.04 in the first quarter 2023, a decline of 30% compared to first quarter 2022. UP on Oct. 13 announced on its website that it is complying with the executive order requiring employees of federal contractors be fully vaccinated by Dec. 8. UP and its unions are suing each other over that requirement. 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. 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. Its a huge issue. The volume decline is similar to what occurred at the end of 2015, although the job losses are worse. To learn how to enable JavaScript in your browser, Labor shortages in dray, warehousing hit Norfolk Southerns New covid variant: A new coronavirus subvariant, XBB. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, the occurrence of certain events, or otherwise, unless otherwise required by applicable securities law. ROANOKE Jeff Hollandsworth was told to do something recently that he had never done before in his many years working for Norfolk Southern Railway: Empty lockers. (Photo: Jim Allen/FreightWaves) Updated with Ive been one of the fortunate few who have never been laid off, Hollandsworth said. Weve kept the trains moving and our business strong, while limiting workplace spread. Please refer to these SEC filings for a full discussion of those risks and uncertainties we view as most important. Fantastic help. Policies | City of Norfolk, Virginia - Official Website All employees need to provide their status by November 8, regardless of whether they are vaccinated, and even if they shared their status previously. Workers often embraced this as regular business and saved money for the time away, knowing that once volume increased, theyd be called back to work in most cases. Norfolk Commonwealth's Attorney's Office Plea Philosophy Policies and Procedures 03-21-2022. PSR touts itself on reducing assets such as track, cars and locomotives, but little is discussed about maintaining the assets that remain. 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. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. While layoffs have occurred in nearly all facets of the railroad business, the biggest cuts have been from the conductor and maintenance ranks, according to detailed monthly data the seven major freight railroads provide the Surface Transportation Board. After reviewing the order carefully to be certain, we determined that we are covered under the mandate. (See full memo below.). Just some of our awesome clients tat we had pleasure to work with. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The railroads that have imposed vaccine mandates say they are complying with President Joe Biden's executive order requiring all federal contractors to have their employees vaccinated. Norfolk Southern Shareholder Action Reminder
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