[NSInvest] Norfolk Southern announces service changes in response to upco...
NW Mailing List
nw-mailing-list at nwhs.org
Wed Oct 21 21:31:34 EDT 2015
Extending the deadline is part of legislation now before Congress. Get on
your Senators' and Representative's case to pass the legislation.
Dave Phelps
In a message dated 10/21/2015 9:18:04 P.M. Eastern Daylight Time,
nw-mailing-list at nwhs.org writes:
Wow. Am I understanding this correctly that VRE, MARC, and Amtrak won’t
run on NS starting January 1st due to the PTC issue?
I guess there will be a lot of new vanpools and carpools forming to go
into DC from the Manassas, VA direction starting January 1st? They think I-66
is jammed up now, just wait.
Phil Miller
From: NW-Mailing-List [mailto:nw-mailing-list-bounces at nwhs.org] On Behalf
Of NW Mailing List
Sent: Tuesday, October 20, 2015 4:35 PM
To: NW Mailing List
Subject: FW: [NSInvest] Norfolk Southern announces service changes in
response to upcoming Positive Train Control deadline
From: NSInvest [mailto:nsinvest-bounces at nscorp.com] On Behalf Of NS
Financial News
Sent: Tuesday, October 20, 2015 4:28 PM
To: 'nsinvest at nscorp.com'
Subject: [NSInvest] Norfolk Southern announces service changes in response
to upcoming Positive Train Control deadline
Norfolk Southern announces service changes in response to upcoming
Positive Train Control deadline
NORFOLK, Va., Oct. 20, 2015 – Norfolk Southern Corporation (NYSE: NSC)
today said its rail operating subsidiaries will no longer accept shipments of
Poisonous-Inhalation-Hazard commodities, effective Dec. 1, 2015. PIH
commodities in transit on Dec. 1 will be delivered to destination by Dec. 31.
Additionally, passenger and commuter trains operated by Amtrak, Virginia
Railway Express, and Metra will be prohibited by law from operating on NS
after Dec. 31.
The cessation of service – effective across the entire NS rail network –
is required to comply with federal safety laws that become effective after
Dec. 31, the government’s deadline for installation of PTC. Despite
investment of nearly $1 billion to date, NS will not meet the deadline.
The status of non-PIH traffic interchanged with other railroads and
freight operations on the Northeast Corridor after Dec. 31 is currently under
review.
“We remain hopeful that Congress will grant the railroad industry an
extension of the PTC deadline and appreciate the consideration elected officials
and regulators are giving this issue,” said James A. Squires, Norfolk
Southern chairman, president and CEO. “However, in order to conduct lawful
operations on Jan. 1, 2016, and beyond, we must plan ahead to clear affected
loaded and empty freight cars from our system.
“Norfolk Southern sincerely regrets the inconvenience that customers,
passengers, and commuters will experience,” Squires said. “Our strong hope is
that Congress will act quickly and decisively to allow us to restore full
access to our rail network.”
Squires noted that NS is installing PTC on the required lines and
equipment as fast as is safe and practical. “PTC is one of the most complex
technology implementations in our history,” he said. “It is in everyone’s
interest – railroads, customers, suppliers, and communities – that adequate time
is devoted to installation, testing, and implementation. Norfolk Southern
is committed to getting this right.”
About Norfolk Southern
_Norfolk Southern Corporation_
(http://phx.corporate-ir.net/phoenix.zhtml?c=69040&p=tearsheet) (NYSE: NSC) is one of the nation’s premier
transportation companies. Its Norfolk Southern Railway Company subsidiary operates
approximately 20,000 _route miles_
(http://www.nscorp.com/content/nscorp/en/system-overview.html) in 22 states and the District of Columbia, serves
every major container port in the eastern United States, and provides
efficient connections to other rail carriers. Norfolk Southern operates the most
extensive intermodal network in the East and is a major transporter of coal,
automotive, and industrial products.
Media Inquiries:
_Frank Brown_ (mailto:fsbrown at nscorp.com) , 757-629-2710
(_fsbrown at nscorp.com_ (mailto:fsbrown at nscorp.com) )
Investor Inquiries:
_Katie Cook_ (mailto:investorrelations at nscorp.com) , 757-629-2861
(_InvestorRelations at nscorp.com_ (mailto:InvestorRelations at nscorp.com) )
_http://www.norfolksouthern.com_ (http://www.norfolksouthern.com/)
###
Connect with NS
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(http://www.flickr.com/photos/norfolksouthern) (http://www.twitter.com/nscorp)
(http://www.youtube.com/user/norfolksoutherncorp)
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