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Norfolk Southern reports fourth-quarter and full-year 2020 results

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NORFOLK, Va., Jan. 27, 2021 /PRNewswire/ Norfolk Southern Corporation (NYSE: NSC) today reported fourth-quarter and full-year 2020 financial results.
Fourth-quarter net income was $671 million, diluted earnings per share were $2.64, and the operating ratio improved to an all-time quarterly record of 61.8%. Full-year net income was $2.0 billion, diluted earnings per share were $7.84 and the operating ratio was 69.3%. During the first quarter of 2020, Norfolk Southern reported a $385 million non-cash locomotive rationalization charge, and in the third quarter of 2020 reported a $99 million non-cash investment impairment charge. Excluding these non-cash charges, adjusted full-year net income was $2.4 billion, adjusted diluted earnings per share were $9.25, and the adjusted operating ratio improved to 64.4% versus the record of 64.7% set in 2019. ....

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Pennsylvania Supreme Court to Consider Whether Business Registration Subjects an Out-of-State Company to General Personal Jurisdiction | K&L Gates LLP

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The debate as to whether companies registered to do business in Pennsylvania have consented to general personal jurisdiction continues, and the issue is finally before the Pennsylvania Supreme Court. As we have discussed in prior alerts, the constitutionality of Pennsylvania’s consent-by-registration statutory framework
1 has been a hot-button issue since the U.S. Supreme Court’s landmark 2014 decision in
Daimler AG v. Bauman, which circumscribed general personal jurisdiction to companies “essentially at home” in the forum state.
2
Although the issue was recently considered by the Pennsylvania Superior Court en banc in ....

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CR 119 bridge reopens, connecting Addison and Canisteo

CR 119 bridge reopens, connecting Addison and Canisteo
tribuneledgernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneledgernews.com Daily Mail and Mail on Sunday newspapers.

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Projects meant to enhance New Bern's stormwater drainage were approved by the Board of Aldermen.

Three new projects meant to enhance New Bern’s stormwater drainage efficiency have been approved by the Board of Aldermen. The projects will affect the Duffyfield area as well as the North Glenburnie, Renny s Creek, Jack Smith Creek and downtown drainage basins.
The board approved a lease agreement with the North Carolina Railroad Company and Norfolk Southern Railway Company for construction related to the Duffyfield Wetlands Project. Phase 1 of the project calls for a discharge pipe under the railroad tracks located off of East Rose Street to be enlarged from four inches to 12 inches.
One of the first projects completed by the City of New Bern’s newly formed Stormwater Maintenance Division was improvements to the stormwater pond located on Biddle Street, in the Duffyfield neighborhood. City staff reconstructed the stormwater pond and enlarged it to four times its original size. ....

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