Norfolk Southern(NSC)2025-02-10 14:24Financial Performance - Total railway operating revenues reached 4.024 billion in 2024, including 36 billion on a historical cost basis[23] - The company completed the acquisition of a 337-mile railway line from Cincinnati Southern Railway in March 2024[17] Operations and Infrastructure - The company operates 35,000 total miles of track, maintaining 28,300 miles[26] - The average age of locomotives in service is 29.6 years, with 61 units retired in 2024[26] Workforce and Labor Relations - Approximately 80% of railroad employees are covered by collective bargaining agreements[30] Safety and Security - The company provided rail accident response training to more than 5,500 emergency responders in 2024[51] - The company continues to enhance the security of its rail system, following a comprehensive security plan developed post September 11, 2001[47] - The company operates under U.S. Coast Guard Maritime Security Regulations at four facilities, with security plans approved by the Captain of the Port[49] - The company has ongoing programs to sponsor local emergency responders at the Security and Emergency Response Training Center[51] - The company evaluates its business continuity and disaster recovery planning, including scenarios for cybersecurity attacks[52] - The company is engaged in close coordination with federal and state agencies to enhance security and response capabilities[50] Regulatory Environment and Competition - The company is subject to regulation by the U.S. Surface Transportation Board (STB), which determines if the company is "revenue adequate" based on its return on net investment[39] - The company faces strong competition from rail, water, and highway carriers, with price being only one of several important factors for shippers[44] - The company continues to oppose efforts to reimpose increased economic regulation in the rail industry[41]