As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
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Norfolk Southern Railway
Norfolk Southern Railway
Norfolk Southern Railway is a U.S. Class I railroad owned by Norfolk Southern Corporation operating 20,000 route miles of track in 22 states and the District of Columbia. The railroad provides service to every major Eastern seaport, 10 river ports and nine lake ports, and it has an extensive intermodal network. The company employed 30,103 individuals and reported 2013 revenue of $11.2 billion — up 1.8 percent year-over-year.
The Norfolk, Virginia-based railroad was formed in 1982 with the creation of the Norfolk Southern Corporation, which brought together Norfolk & Western Railway and Southern Railway, but has predecessors dating as far back as 1827.
Norfolk Southern Railway recorded revenue of $3.04 billion in the second quarter of 2014, up 8.5 percent from year-earlier revenue of $2.8 billion. 2014 half-year revenue was $5.73 billion, up 3.4 percent from the previous year.
Webcasts
Press Releases
16 Oct 2019
J.B. Hunt Transport Services said its intermodal volume was flat in the third quarter, a positive given the 4.5 percent decline in total intermodal volume across the industry.
10 Oct 2019
Two refrigerated intermodal carriers, Marten Transport and KLLM Transport, have acquired 53-foot containers as US Class I railroads have been disincentivizing intermodal trailer use.
03 Oct 2019
Intermodal volumes did not recover in the third quarter, prompting questions of what railroads can do to win back shippers, other than waiting for a recovery in trucking.
23 Aug 2019
The Port of Virginia will shift more vessel calls to the Virginia International Gateway (VIG) terminal so shippers using rail can receive their cargo faster.
13 Aug 2019
The port of Savannah’s intermodal terminal expansion project is about 40 percent complete as rail volumes set a new record in July.
24 Jul 2019
Norfolk Southern Railway believes the intermodal market has hit bottom and expects shippers to move more containers in the second half of 2019.
12 Jul 2019
Analysts expect more of a negative outlook from railroads in second-quarter earnings calls, as shippers have not sent as much on intermodal as they have anticipated in 2019.
17 Jun 2019
The Illinois Trucking Association has begun to track truck turn times in Chicago rail yards to provide shippers a better understanding of how congestion disrupts the supply chain.
10 Jun 2019
The new expanded intermodal rail yard has reopened at the Port of Virginia, doubling capacity for CSX Transportation and Norfolk Southern. The port says this means quicker transfers from ships to trains.
04 Jun 2019
Union Pacific Railroad and Norfolk Southern Railway announced a series of changes to cross-country service, which will require a crosstown drayage in Chicago for a number of international loads heading to and from ports.
30 May 2019
Beer company MillerCoors alleges Norfolk Southern threatened to raise rates on captive lanes if the railroad lost business to CSX.
29 May 2019
Although last week’s Surface Transportation Board hearing didn’t include intermodal, shippers complain about penalties assessed when their cargo arrives on a Friday night and their warehouses are closed until Monday.
22 May 2019
The Surface Transportation Board put Class I railroads on the hot seat about demurrage and accessorial policies that rail shippers have described as unreasonable and revenue generators.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
09 May 2019
BNSF Railway, Norfolk Southern, and CSX say domestic intermodal contract rates have risen by upper single-digit percentages in the first quarter, but some non-asset intermodal marketing companies tell quite a different story.
08 May 2019
Historically, intermodal rail has offered a slower, lower-cost option for shippers, but with truckload prices falling, intermodal rail is now more expensive than trucking in some secondary markets.
24 Apr 2019
Norfolk Southern saw big gains in international containers in the first quarter, but the railroad rejects the idea of domestic intermodal weakness in 2019 and is confident that rail pricing won’t be challenged by a much looser truck market.
11 Apr 2019
North American intermodal volume ended the first quarter worse than initially forecast due to changing shipping patterns and flooding in the Midwest, but there are signs that this is an inflection point to a difficult 2019 and not a fleeting blip.
05 Apr 2019
CSX has shown signs of better service under the PSR model, but shippers and analysts say there are still important performance benchmarks PSR railroads in the US have not yet achieved.
11 Mar 2019
Two projects will add more than 28,000 square feet of new track inside the US East Coast's largest port, most of which will be used to store empty rail cars and build trains.
29 Jan 2019
Patience is the key right now, logistics professionals say, because many BCOs and truckers are dealing with the same challenges, caused by large volumes, a chassis shortage, and now Arctic cold.
07 Jan 2019
It’s the fourth terminal in the port’s rail system.
12 Dec 2018
Shippers will have to scramble after Union Pacific Railroad and Norfolk Southern Railway announced the elimination of more than 425 domestic and nearly 100 international origin-and-destination interline pairs in multiple phases.
10 Oct 2018
This has been a record year for US intermodal rail, but changes in shipping patterns apparently have lowered the autumn intermodal peak — or broken it into two smaller peaks.
10 Sep 2018
Whether shippers moving goods through the US Southeast and Mid-Atlantic see delays and elevated truck rates for days or for weeks largely hinges on exactly where Hurricane Florence makes landfall and with how big of a wallop.
18 May 2018
The Port of Charleston and CSX Transportation and Norfolk Southern Railway have extended their terminal hours owing to emergency cable repairs on the James B. Edwards Bridge over the Wando River, but beneficial cargo owners should expect longer transit times during the next four weeks.
18 Apr 2018
US Southeast ports are expanding inland, giving beneficial cargo owners in the Carolinas, Georgia, Florida, Alabama, Tennessee, Kentucky, and other areas an intermodal opportunity to avoid the long, expensive dray to a port city — a significant option in a capacity-short US truck transport market.
24 Jan 2018
The authority sent a missive to port users outlining the problem and said that it is working with CSX Transportation and Norfolk Southern Railway to clear the rail backlog.
