Norfolk Southern expects contract impact in 3Q

NORFOLK, Va. (AP) -- Railroad operator Norfolk Southern Corp. expects to account for lump sum payments to its engineers under a new labor agreement in the third quarter.

The Norfolk, Virginia-based company said in a regulatory filing Wednesday it expects unspecified adjustments to largely offset the impact on the quarter.

The news comes a day after Norfolk Southern announced the new six-year agreement with the Brotherhood of Locomotive Engineers and Trainmen. Some 5,000 engineers stand to get raises averaging 3.2 percent annually.

The agreement also includes a $1,200 signing bonus Dec. 1 and a $3,500 bonus Jan. 1.

Norfolk Southern operates about 21,000 miles of track in Virginia, 21 other states and the District of Columbia.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 28551694 -