Norfolk Southern Corp

NYSE:NSCUnited States

Norfolk Southern Names Joe Carpenter Vice President Law

PR Newswire

ATLANTA, Nov. 4, 2024

ATLANTA, Nov. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the appointment of Joseph H. Carpenter IV as Vice President Law. Carpenter brings more than 22 years of experience in the rail industry, with expertise in managing complex litigation and driving strategic legal initiatives.

1230 ET - Freight railroads begin national labor negotiations for a five-year contract starting 2025. Ahead of this bargaining round, CSX, BNSF and Norfolk Southern in recent months already reached five-year local collective bargaining agreements with several unions. Railroad executives and unions said they did not want a replay of the last bargaining round that resulted in workers having to wait several years for a pay raise. The past protracted talks also led to a threat of a rail worker strike and an intervention from President Biden. These labor contracts do not expire when the term runs out but continue until amended. The recent local agreements include terms such as an 18.8% pay increase over five years and for employees to get more paid vacation time earlier in their careers. The last contract gave workers a 24% wage increase. (esther.fung@wsj.com; @estherfung)