NSC

Norfolk Southern breaks ground on regional safety training center in Ohio

Retrieved on: 
Thursday, September 21, 2023

EAST PALESTINE, Ohio, Sept. 21, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) broke ground Thursday on its First Responder Training Center. The new regional safety training center in East Palestine, Ohio will provide ongoing, free training for first responders from Ohio, Pennsylvania, West Virginia, and the greater region. This center will further strengthen coordination between railroads and first responders and build upon the company's Operation Awareness and Response (OAR) program, which trains 5,000 first responders annually across its 22-state footprint.

Key Points: 
  • Facility will train regional first responders, strengthen coordination between railroads and emergency personnel
    EAST PALESTINE, Ohio, Sept. 21, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) broke ground Thursday on its First Responder Training Center.
  • The new regional safety training center in East Palestine, Ohio will provide ongoing, free training for first responders from Ohio, Pennsylvania, West Virginia, and the greater region.
  • "Norfolk Southern is committed to setting the gold standard for safety in the rail industry, and first responders are critical to that mission," said Norfolk Southern President and CEO Alan H. Shaw.
  • "This training center, and our previously expanded Operation Awareness and Response program, will provide first responders across the region with essential training on how to respond to unlikely rail incidents," said Norfolk Southern Vice President of Safety John Fleps.

Norfolk Southern and RapidSOS enhancing safety information access for first responders

Retrieved on: 
Wednesday, September 20, 2023

ATLANTA, Sept. 20, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) and RapidSOS announced a partnership Wednesday to help equip first responders with critical information to safely respond to a rail emergency.

Key Points: 
  • ATLANTA, Sept. 20, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) and RapidSOS announced a partnership Wednesday to help equip first responders with critical information to safely respond to a rail emergency.
  • "Norfolk Southern is committed to being an industry leader in safety," said John Fleps, Norfolk Southern Vice President Safety.
  • "We are thrilled to collaborate with Norfolk Southern to provide this data to support public safety to aid in keeping communities prepared and safe."
  • The enhanced data from Norfolk Southern will be available to 911 centers and field responders nationwide in early 2024.

Norfolk Southern announces Value Assurance Program for East Palestine area homeowners

Retrieved on: 
Monday, September 18, 2023

EAST PALESTINE, Ohio, Sept. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Monday an interim Value Assurance Program (VAP). The VAP will compensate any reduction in value of eligible residential properties located in East Palestine, Ohio and some surrounding communities following the February derailment.

Key Points: 
  • EAST PALESTINE, Ohio, Sept. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Monday an interim Value Assurance Program (VAP).
  • The VAP will compensate any reduction in value of eligible residential properties located in East Palestine, Ohio and some surrounding communities following the February derailment.
  • This announcement comes as Norfolk Southern is working toward a long-term program as part of broader commitments the company made in March 2023.
  • Norfolk Southern is steadfast in keeping our commitments, including protecting the home values of the community," said Alan H. Shaw, President and CEO of Norfolk Southern.

National Safety Council Launches New Program to Combat Soaring Workplace Overdose Deaths

Retrieved on: 
Monday, September 18, 2023

WASHINGTON, Sept. 18, 2023 /PRNewswire/ -- Overdoses are the leading cause of unintentional death in the United States and can happen anywhere anytime, workplaces included. Deaths on the job from drug overdoses have increased 536% since 2011. To combat this alarming rise from the workplace to anyplace, the National Safety Council is launching a new workplace safety program, Respond Ready Workplace, designed to increase awareness of the need for naloxone in workplaces and ensure people are trained to use it.

Key Points: 
  • To combat this alarming rise from the workplace to anyplace, the National Safety Council is launching a new workplace safety program, Respond Ready Workplace , designed to increase awareness of the need for naloxone in workplaces and ensure people are trained to use it.
  • "The Respond Ready Workplace program is a pivotal step forward in reducing overdose deaths and protecting workers everywhere," said Lorraine Martin, president and CEO of the National Safety Council.
  • Key highlights of the Respond Ready Workplace initiative include:
    Advocacy and Education: Most employers do not understand the tragic data on the increasing fatalities in the workplace.
  • To learn more about the Respond Ready Workplace program and how organizations can get involved, please visit nsc.org/respondready .

Be track aware this Rail Safety Week

Retrieved on: 
Monday, September 18, 2023

ATLANTA, Sept. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is joining with Operation Lifesaver, Inc. to recognize Rail Safety Week. The annual event aims to raise public awareness about the importance of safety around railroad tracks and rail crossings.

Key Points: 
  • ATLANTA, Sept. 18, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is joining with Operation Lifesaver, Inc. to recognize Rail Safety Week.
  • The annual event aims to raise public awareness about the importance of safety around railroad tracks and rail crossings.
  • In recognition of Rail Safety Week, Norfolk Southern offers the following four tips to help the public stay safe:
    Avoid stopping on railroad tracks.
  • Visit Operation Lifesaver to learn more about Rail Safety Week.

OpenSSF Welcomes New Members in Support of Securing Open Source Software

Retrieved on: 
Monday, September 18, 2023

BILBAO, Spain, Sept. 18, 2023 /PRNewswire/ -- The Open Source Security Foundation (OpenSSF), a cross-industry initiative of the Linux Foundation that focuses on sustainably securing open source software (OSS), welcomes six new members from leading technology firms.

Key Points: 
  • BILBAO, Spain, Sept. 18, 2023 /PRNewswire/ -- The Open Source Security Foundation (OpenSSF), a cross-industry initiative of the Linux Foundation that focuses on sustainably securing open source software (OSS), welcomes six new members from leading technology firms.
  • Technical communities continue to prioritize investment in open source security and recognize the role of supporting and sustaining open source communities in maintaining a healthy, vibrant, and secure open source ecosystem.
  • OpenSSF Day is an exciting opportunity to learn more about ongoing efforts to secure the open source software ecosystem.
  • The US Cybersecurity and Infrastructure Security Agency (CISA) also recently released an Open Source Software Security Roadmap with which the OpenSSF is uniquely positioned to assist toward securing open source software for the public good.

National Safety Council Releases Groundbreaking Study on the New Value of Safety: Transforming Modern Workplace Health and Wellbeing

Retrieved on: 
Thursday, September 14, 2023

WASHINGTON, Sept. 14, 2023 /PRNewswire/ -- The National Safety Council, in collaboration with Lloyd's Register Foundation, is proud to unveil a groundbreaking report, New Value of Safety in a Changing World, which underscores the importance of embracing modern safety approaches and the profound impact of environment, health, and safety initiatives on organizations and society at large. The report dives into the interconnectedness of safety, sustainability and societal responsibility, marking a significant step forward in contemporary workplace safety.

Key Points: 
  • The report dives into the interconnectedness of safety, sustainability and societal responsibility, marking a significant step forward in contemporary workplace safety.
  • "This groundbreaking research makes us rethink the value we put on safety and makes the case for better investment and support for new health and safety approaches."
  • It explores the convergence of safety with environment, social, and governance considerations, emphasizing the interconnectedness of these factors in shaping modern safety excellence.
  • The New Value of Safety in a Changing World report highlights the following findings:
    Holistic Approach: Modern safety programs extend beyond physical safety and direct cost reduction.

Lowey Dannenberg P.C. Investigates Norfolk Southern Corporation (NYSE: NSC) for Potential Violations of Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Retrieved on: 
Thursday, September 14, 2023

NEW YORK, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg, P.C.

Key Points: 
  • NEW YORK, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg, P.C.
  • a preeminent law firm in obtaining redress for investors, is investigating potential violations of securities laws on behalf of shareholders of Norfolk Southern Corporation (NYSE: NSC) related to the February 2023 East Palestine train derailment which has resulted in $803 Million in charges.
  • is investigating potential wrongdoing by Norfolk Southern’s officers and directors in connection with these allegations.
  • Norfolk Southern previously recognized $387 million in expenses related to these matters, and on July 27, 2023 announced another $416 million charge, for a total of $803 million.

Navios Maritime Holdings Inc. Announces Receipt of Buyout Offer of $1.84 Per Common Share

Retrieved on: 
Wednesday, September 13, 2023

GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (“NSC”) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share.

Key Points: 
  • GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (“NSC”) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share.
  • The Company’s board of directors has authorized a Special Committee, consisting solely of independent and disinterested directors, to retain advisors and to review, evaluate, negotiate and accept or reject the proposed transaction.
  • The proposal is non-binding and is subject to the negotiation and execution of mutually acceptable definitive documentation.
  • There can be no assurance that any definitive documentation will be executed or that any transaction will materialize.

A New Canadian – U.S. Intermodal Service

Retrieved on: 
Monday, September 11, 2023

MONTREAL, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI), and Norfolk Southern Corporation (NS) (NYSE: NSC) announced Monday a new domestic intermodal service.

Key Points: 
  • MONTREAL, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Canadian National Railway Company (CN) (TSX: CNR) (NYSE: CNI), and Norfolk Southern Corporation (NS) (NYSE: NSC) announced Monday a new domestic intermodal service.
  • Launching on October 2, this unique service will provide customers with an integrated, market-competitive, and efficient all-rail service.
  • The two carriers will utilize new intermodal steel wheel interchanges in Detroit and Chicago to seamlessly operate like a single-line intermodal product.
  • "This new CN-Norfolk Southern Domestic Intermodal service combines premier intermodal choices for our shared customers,” said Norfolk Southern President and Chief Executive Officer Alan H. Shaw.