Shaw pledged to continue working to improve that record as the railroad applies the lessons from East Palestine. ATLANTA, April 26, 2023 / PRNewswire / -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2023 financial results. Norfolk Southerns first quarter profit fell 34% to $466 million, or $2.04 per share, because of the derailment costs. None, the locomotive is very small environment and no changes were made to Family and Medical Leave Act - Norfolk Southern We know railroads are the most environmentally friendly transportation solution, as they reduce emissions by taking trucks off of highways. 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. Machinist (Diesel Engine Mechanic) - Kansas City, MO 2023 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. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Norfolk Southern Both Union Pacific and Norfolk Southern are offering employees $300 if they get the shots. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Forward-looking statements Expenses jumped 32% to $2.4 billion, along with labor expenses tied to significant hiring over the past year and a new contract for employees. When it comes to the paper trail that railroads create, theyre lagging far behind other industries. Norfolk Southern estimates Ohio derailment will cost $387M, Bike race participant killed in Burke Saturday, New treatment for newborns with opioid withdrawal shows promise, study says, Manhunt continues for man accused of gunning down neighbors, Feds: Hospitals that denied emergency abortion broke the law, House Speaker McCarthy to address Israels Knesset. Review Norfolk Southerns operating reports and the terms used to report performance in one convenient location. "The entire Norfolk Southern team has rallied around our customers, and we're delivering with the best service product in the history of our company. Its unsafe to have rail crossings blocked so long.. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts. ", Squires' full remarks are posted on the "Invest in NS" section of the Norfolk Southern website under "Presentations.". Media Inquiries: COVID He pointed to dramatic improvement in on-time delivery to about 90percent, up from around 50percent before PSR. The unions didn't immediately respond in court to BNSF's lawsuit Monday, but in the other lawsuits they have argued the railroads were violating the terms of their contract by requiring vaccines and by offering bonuses to workers if they do get vaccinated.