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Roanoke's rail shops sit dormant as Norfolk Southern has no concrete plans for the future

Roanoke’s rail shops sit dormant as Norfolk Southern has no concrete plans for the future
In early 2020, Norfolk Southern announced it was scaling the Roanoke operation back
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ROANOKE, Va. – It’s been more than a year since Norfolk Southern announced it would be shuttering major operations in Roanoke and laying off workers.
They did just that a few months later and now much of the historic, highly visible railroad property sits idle.
The East End Shops in downtown Roanoke are where the railroad got its start back in the day, and where the daily whistles heard throughout the city sounded until the plant shut down. ....

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railway | Benzinga

In the wake of two major train derailments and explosions involving tank cars carrying crude oil from North Dakota, the nation s railroad trade groups are calling on federal safety regulators to require all tank cars used in the rail transport of flammable liquids to be either retrofitted to more. Read More.
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Norfolk Southern's Q1 profit improves as economy recovers

Norfolk Southern s Q1 profit improves as economy recovers
JOSH FUNK, AP Business Writer
April 28, 2021
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FILE - In this March 31, 2021 file photo, a Norfolk Southern freight train moves along elevated tracks in Philadelphia. Norfolk Southern’s profit improved in the first quarter as the railroad hauled 3% more freight while the economy continued to recover from thee coronavirus pandemic. The railroad said Wednesday, April 28 that it earned $673 million, or $2.66 per share, during the quarter.Matt Rourke/AP
OMAHA, Neb. (AP) Norfolk Southern s profit improved in the first quarter as the railroad hauled 3% more freight while the economy continued to recover from the coronavirus pandemic. ....

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Norfolk Southern Corp (NSC) Q1 2021 Earnings Call Transcript

Norfolk Southern Corp (NSC) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Norfolk Southern Corp (NYSE: NSC)
Q1 2021 Earnings Call
Operator
Greetings and welcome to the Norfolk Southern Corporation First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It s now my pleasure to introduce your host, Meghan Achimasi, Senior Director of Investor Relations for Norfolk Southern Corporation. Thank you, you may begin.SPONSORED:
10 stocks we like better than Norfolk Southern ....

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Norfolk Souther Corporation (NYSE:NSC) - Norfolk Southern Achieves All-Time Quarterly Operating Ratio Record

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Norfolk Southern (NYSE: NSC) reached an all-time quarterly record operating ratio (OR) in the first quarter amid a 7% increase in operating income.
Norfolk Southern s (NS) OR was 61.5% in the first quarter of 2021, compared with an adjusted OR of 63.7% in the first quarter of 2020. On an unadjusted basis, first-quarter 2021 OR was 78.4%. The adjusted figure accounts for NS sale of 703 locomotives that it deemed that it no longer needed. The sale resulted in a $385 million loss, which was the estimated value of the locomotives.
Investors sometimes use OR to gauge the financial health of a company, with a lower OR implying improved health. ....

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