Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
Squires’ full remarks are posted on the Invest in NS section of the Norfolk Southern website under Presentations. Following are a few highlights:
“Having made significant progress in our company’s transformation, technology remains at the center of our strategy. We are moving quickly to lead the industry in innovation, launching our Digital
NS initiative, and building the digital railroad of the future. We have goals that range from short-term, practical improvements in daily operations to long-term, aspirational ‘moonshot’ projects that will transform our company and the rail industry. Regardless of their scope, these technology investments reflect our company’s pursuit of operational excellence as well as a deep commitment to sustainability as core to our business.”
“We are excited to move forward with our transition to diesel-electric hybrid cranes at our intermodal facilities, advance plans to further reduce fuel consumption, and develop our science-based target to reduce emissions consistent with the Paris Agreement on climate change. By combining these measures with innovative initiatives such as our industry-first issuance of [$500 million in] green bonds, we’re partnering with our customers and investors to reduce our respective carbon footprints and business costs while pursuing responsible growth.”
A shareholder proposal requesting that NS issue a report on how its lobbying activity aligns with the Paris Agreement on climate change received support from a majority of the shares voted at the annual meeting.
Vanessa Allen Sutherland
“Our board of directors will determine appropriate next steps, but it’s important to note that sustainability and political transparency are already areas of strength for our company,” said Executive Vice President and Chief Legal Officer Vanessa Allen Sutherland. “We have committed to set a science-based target for emissions reductions consistent with the Paris Agreement, and recently issued $500 million in green bonds to fund investments in sustainable business practices. We also have been consistently recognized as a leader in corporate political transparency by such organizations as the Center for Political Accountability.”
NS shareholders elected 13 directors for one-year terms expiring in 2022:
The post NS Touts Digital Transformation, Sustainability at Annual Meeting appeared first on Railway Age.
This article first appeared on www.railwayage.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.