Welcome to our dedicated page for Norfolk Southern news (Ticker: NSC), a resource for investors and traders seeking the latest updates and insights on Norfolk Southern stock.
Norfolk Southern Corporation (NYSE: NSC) is a leading transportation company in the United States, with its subsidiary, Norfolk Southern Railway Company, operating approximately 19,500 route miles across 22 states and the District of Columbia. Renowned for its extensive intermodal network, Norfolk Southern serves every major container port in the eastern U.S., providing crucial connections to other rail carriers and facilitating efficient transportation of goods. The company is a major transporter of coal, automotive, and industrial products, contributing significantly to the nation's economy.
Founded in 1827, Norfolk Southern has evolved to become a customer-centric and operations-driven freight transportation network. The company prides itself on its commitment to sustainability, helping customers avoid about 15 million tons of yearly carbon emissions by opting for rail transport. Norfolk Southern manages over 20,000 miles of track, ensuring reliable movement of a diverse mix of commodities, including agriculture, metals, chemicals, and forest products.
With a focus on safety and operational efficiency, Norfolk Southern is currently implementing a balanced strategy under the leadership of President and CEO Alan Shaw. Recent efforts have led to significant improvements in network performance, safety, and service. The company aims to achieve a sub-60% operating ratio within three to four years through a Precision Scheduled Railroading (PSR) operating plan, which enhances service and sets the industry standard for safety.
Norfolk Southern’s robust network and strategic partnerships enable it to originate more automotive traffic than any other Class I Railroad and handle over seven million carloads annually. The company’s operations span major ports on the Atlantic coast, Gulf of Mexico, and Great Lakes, serving a majority of the U.S. population and manufacturing base.
In recent news, Norfolk Southern has received support from key customers and regulatory bodies, highlighting the company’s progress in safety and service improvements. The U.S. Department of Transportation and the Surface Transportation Board have praised Norfolk Southern's efforts, reinforcing confidence in the company's future direction and leadership.
Norfolk Southern (NYSE: NSC) has announced its participation in the Barclays 42nd Annual Industrial Select Conference. President and CEO Mark George, along with Executive Vice President and Chief Marketing Officer Ed Elkins, will engage in a fireside chat during the event.
The presentation is scheduled for Wednesday, February 19, 2025, at 10:25 a.m. ET and will be accessible via webcast. Interested parties can find the presentation materials on Norfolk Southern's website in the Investors section at www.norfolksouthern.com.
Norfolk Southern (NSC) reported its Q4 and full-year 2024 financial results. In Q4, revenue was $3.0 billion with income from railway operations at $1.1 billion, operating ratio at 62.6%, and diluted EPS of $3.23. For full-year 2024, revenue reached $12.1 billion, with railway operations income of $4.1 billion, operating ratio of 66.4%, and diluted EPS of $11.57.
After adjusting for railway line sales, Eastern Ohio incident, restructuring charges, and shareholder advisory costs, Q4 adjusted operating ratio improved to 64.9%, with adjusted EPS of $3.04. Full-year adjusted figures show an operating ratio of 65.8% and EPS of $11.85. The company experienced 3% volume growth in Q4 and 5% for the full year, with insurance recoveries from the Eastern Ohio incident exceeding costs for the third consecutive quarter.
Norfolk Southern (NYSE: NSC) has announced a quarterly dividend of $1.35 per share on its common stock. The dividend will be paid on February 20, 2025, to shareholders of record as of February 7, 2025. This announcement maintains the company's remarkable track record of paying dividends, which now extends to 170 consecutive quarters since its formation in 1982.
Norfolk Southern (NYSE: NSC) has appointed Lori J. Ryerkerk to its Board of Directors, expanding it to 14 members. Ryerkerk, the former chairman, CEO, and president of Celanese Corp., brings over three decades of global leadership experience in energy, manufacturing, and chemical industries.
The appointment, made in consultation with Ancora Holdings per their November 2024 agreement, followed a national search by Diversified Search Group. During her tenure at Celanese from 2019, Ryerkerk led significant growth initiatives and transformative acquisitions. Her previous experience includes executive roles at Shell Downstream, Hess Corp., and ExxonMobil.
Mark George, Norfolk Southern's CEO, highlighted Ryerkerk's operational experience and insights as a rail customer as valuable assets for the company's growth strategy and service delivery goals.
Norfolk Southern (NYSE: NSC) has announced it will release its fourth quarter 2024 financial results on January 29, 2025. The company will host a live conference call and internet webcast at 8:45 a.m. ET to discuss the results.
The earnings results will be released before the call, with a press release posted on the company's Investors webpage. Participants can join via teleconference at 1-800-836-8184 or through a live webcast available on the company's website. A replay of the broadcast will be accessible through the Investors section afterward.
Norfolk Southern (NYSE: NSC) has appointed Ann A. Adams as Chief Human Resources Officer, responsible for human resources and labor relations, reporting to CEO Mark George. PC Bryant has been named Vice President Human Resources, reporting to Adams.
Adams, who joined Norfolk Southern in 2001, previously served as Chief Transformation Officer overseeing HR, Labor Relations, Corporate Communications, IT, and Sustainability. She has successfully managed culture change, headquarters relocation, and national rail labor negotiations. Adams holds degrees from Davidson College and Rice University, and completed Harvard Business School's General Management Program.
Bryant, who joined Norfolk Southern in 2020 as Assistant Vice President Human Resources, has led organizational change initiatives, workforce planning, and performance management. He previously worked at CSX, The Home Depot, and Intercontinental Hotels Group.
Norfolk Southern (NYSE: NSC) announced its participation in the Stephens Annual Investment Conference. Executive Vice President and Chief Marketing Officer Ed Elkins, along with Executive Vice President and Chief Financial Officer Jason Zampi, will engage in a fireside chat at the event. The discussion is scheduled for Wednesday, Nov. 20, 2024, at 11 a.m. CT and will be accessible via webcast. The presentation materials will be made available on Norfolk Southern's website's Investors page.
Norfolk Southern announced a cooperation agreement with Ancora Holdings Group to add a new independent director to its Board. The addition will expand the Board to 14 members, including 13 independent members, and is expected to enhance gender diversity and executive leadership experience. The company reported strong Q3 2024 results with improved productivity, volume growth, and margin enhancement. As part of the agreement, Ancora has withdrawn its nomination of four director candidates for the 2025 Annual Meeting and agreed to vote in accordance with Board recommendations.
Norfolk Southern has appointed Joseph H. Carpenter IV as Vice President Law, bringing over 22 years of rail industry experience. Reporting to Senior VP and Chief Legal Officer Jason Morris, Carpenter will lead the company's law department, guide legal efforts, and advance regulatory initiatives. Previously serving as Senior General Counsel Complex Litigation and Information Governance at Norfolk Southern since 2002, Carpenter has managed complex litigation and driven strategic legal initiatives. He holds a Juris Doctor from Washington and Lee University School of Law and serves on executive committees of the National Association of Railroad Trial Counsel and Roanoke College Board of Trustees.
Norfolk Southern (NYSE: NSC) has announced the formation of a new Customer Advisory Board, bringing together industry leaders from diverse sectors including chemicals, automotive, food production, paper and packaging, intermodal transportation, energy, recycling, and global logistics. The board will meet regularly to provide strategic guidance and feedback on operations and customer service practices. EVP and Chief Marketing Officer Ed Elkins emphasized that this initiative reflects the company's commitment to being a trusted transportation partner and aligning services with customer needs.
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