Norfolk Southern Substantially Addresses the Federal Railroad Administration's 2023 Safety Culture Assessment Recommendations

24.06.24 18:19 Uhr

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ATLANTA, June 24, 2024 /PRNewswire/ -- Less than a year after the issuance of the assessment, Norfolk Southern Corporation (NYSE: NSC) has implemented measures to address the Federal Railroad Administration's (FRA) recommendations from its 2023 Safety Culture Assessment. 

Norfolk Southern Corporation Logo (PRNewsfoto/Norfolk Southern Corporation)

The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums. Norfolk Southern, working with its independent safety consultant AtkinsRéalis US Nuclear, developed action items in response to these recommendations. The company has successfully launched initiatives to implement all items and will monitor these actions to ensure their effectiveness.

"We appreciate the strong partnership with FRA on advancing safety and are grateful for its thorough assessment of our culture and their thoughtful recommendations, all of which serve as building blocks to our goal of becoming the gold standard for safety in the industry," said Alan H. Shaw, president and CEO of Norfolk Southern.

Norfolk Southern and FRA worked closely together throughout the implementation of the responsive action items. The company provided frequent updates to FRA on its progress, which included briefings by Shaw to FRA Administrator Amit Bose and his senior leadership team.

To read the Safety Assessment from FRA, click here.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and Norfolk Southern originates more automotive traffic than any other Class I Railroad. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports in the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

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SOURCE Norfolk Southern Corporation

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DatumRatingAnalyst
17.07.2019Norfolk Southern HoldCascend Securities
24.04.2019Norfolk Southern OutperformCowen and Company, LLC
12.02.2019Norfolk Southern OutperformCowen and Company, LLC
26.07.2018Norfolk Southern HoldStifel, Nicolaus & Co., Inc.
24.05.2018Norfolk Southern HoldStifel, Nicolaus & Co., Inc.
DatumRatingAnalyst
24.04.2019Norfolk Southern OutperformCowen and Company, LLC
12.02.2019Norfolk Southern OutperformCowen and Company, LLC
26.07.2018Norfolk Southern HoldStifel, Nicolaus & Co., Inc.
24.05.2018Norfolk Southern HoldStifel, Nicolaus & Co., Inc.
28.02.2018Norfolk Southern OutperformCowen and Company, LLC
DatumRatingAnalyst
17.07.2019Norfolk Southern HoldCascend Securities
24.01.2018Norfolk Southern Sector PerformRBC Capital Markets
01.08.2017Norfolk Southern HoldDeutsche Bank AG
09.01.2017Norfolk Southern NeutralSeaport Global Securities
22.04.2016Norfolk Southern Equal WeightBarclays Capital
DatumRatingAnalyst
23.03.2017Norfolk Southern UnderperformRBC Capital Markets
05.10.2015Norfolk Southern UnderweightBarclays Capital
19.09.2006Norfolk Southern underweightLehman Brothers
19.09.2006Update Norfolk Southern Corp.: UnderweightLehman Brothers
30.01.2006Update Norfolk Southern Corp.: SellSmith Barney Citigroup

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