Norfolk Southern Railway
NS makes jobs threat as fed oversight looms PDF Print E-mail
Written by Bob Sechler - The Wall Street Journal   
Saturday, 06 June 2025 13:00
Norfolk Southern Corp. will have little choice but to further cut jobs and capital spending if new regulations cap its ability to raise prices, the railroad's top executive said Wednesday (June 3), according to The Wall Street Journal.

"We can shrink our way to profitability" in a worst-case scenario, Chief Executive Wick Moorman said. "It is not beyond the realm of conjecture that (advocates for new federal railroad regulation) would push us there."

But Moorman, speaking during Norfolk Southern's investor-day event, also voiced confidence that the rail industry can head off efforts to enact what it considers heavy-handed oversight.

"I still am very optimistic that at the end of the day we can defeat a bad bill," he said. "We have a lot of allies" on Capitol Hill and elsewhere.

The top freight railroads, including Burlington Northern Santa Fe Corp. (BNI), Union Pacific Corp. (UNP), CSX Corp. (CSX) and Norfolk Southern, have been enjoying substantial pricing power despite severely depressed freight demand amid the economic downturn. But the trend has fueled a backlash from some railroad customers and heightened calls for Congress to tighten industry regulation.
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Knoxville residents rail against proposed Norfolk Southern terminal PDF Print E-mail
Written by Jim Matheny   
Thursday, 28 May 2025 11:47
KNOXVILLE, Tenn. — 10 News has obtained Jefferson County Chamber of Commerce documents that outline a $133 million private-public partnership with Norfolk Southern to build an intermodal rail-and-truck transport facility.

The plans have taken many residents by surprise as conceptual drawings show the terminal built on their property.

The "Jefferson County Intermodal and Logistic Project Review" document is dated March 17, 2009, and includes an evaluation of the regional impacts of a truck-rail intermodal facility. The evaluation was conducted by the University of Tennessee's Center for Transportation Research.

A conceptual drawing by Norfolk Southern places the facility along Highway 11 near New Market where rail lines already exist. The 1,000 acre terminal would allow commercial trucks and locomotives to transfer cargo along Norfolk Southern's proposed "Crescent Corridor."

The conceptual drawing places the site on at least 30 acres of Harvey Young's cattle farm. Young said he does not oppose the concept of an intermodal transport terminal, but believes it should not come at the expense of green space and active farmland.
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