Norfolk Southern That derailment, andotherssince then, sparked anationwide focuson railroad safety. While acknowledging that Norfolk Southern is not immune to COVID-19 disruptions, Squires reaffirmed his confidence in the company's overall financial standing, with access to ample liquidity and the lowest levels of capital expenditures since 2010. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. And connecting back to the first item, precision scheduling also means railroads are left with precision maintenance. 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. Our employees have diverse and often deeply held views on this topic, and we respect those differences. If you suffered losses exceeding $100,000 investing in Norfolk Southern stock or options between October 28, 2020 and March 3, 2023, both dates inclusive (the Rail freight carloads were down 7.4percent this November versus the prior year, according to closely watched data from the Association of American Railroads. As it has with everything else in the world, COVID-19 has impacted railroading in a variety of waysand staffing is one of them. PSR is aided by new technology such as drones and artificial intelligence to monitor tracks and send customers alerts about train locations. Your efforts to keep the trains rolling through this pandemic have been nothing short of heroic. That estimate doesnt include money Norfolk Southern, based in Atlanta, will put into funds to help cover any long-term health issues, protect drinking water and compensate residents for the loss in their property values because the details are still being worked out with Ohios attorney general. The Class I railroad filed a petition in Chicago federal court on Thursday [Oct. 21] claiming the unions objections to the mandate must be brought in arbitration and not in court because they involve the interpretation of an existing bargaining agreement rather than changes to one, the multi-media news service explained.
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