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Norfolk Southern Corp. - NSC STOCK NEWS

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.

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Norfolk Southern Corporation's (NYSE: NSC) Engineering team completed $1 billion in infrastructure improvement projects in 2023, including safety infrastructure, tracks, bridges, and public crossings. The company invested in 108 hot box detectors, 17 acoustic bearing detectors, 218 CTC to ITCM towers, and 2 Digital Train Inspection portals. Additionally, 619 track miles of rail work were completed, 2.1 million replacement cross ties installed, 1,745 miles of track surfaced, 523 panel turnouts, and 14 crossing diamonds installed. 40 bridges were replaced, 32,743 bridge ties installed, and 40,398 bridge, culvert, and tunnel inspections completed. 110 grade crossing warning systems were added. The company's extensive infrastructure work supports its commitment to delivering safe, reliable, and resilient service. The Norfolk Southern network spans 19,500 route miles across 22 states, serving more than half of the U.S. population and much of the nation's manufacturing base.
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Norfolk Southern Corporation (NYSE: NSC) has announced a joint participation in an FRA Confidential Close Call Reporting System (C3RS) pilot program with labor organizations and the Federal Railroad Administration (FRA) to enhance railroad safety. The one-year pilot program aims to collect currently unreported unsafe practices, behaviors, or situations, identify and implement corrective actions, and share general trends and statistics to enhance railroad safety. The program will provide covered employees with a confidential platform to report safety concerns without fear of discipline.
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Norfolk Southern Corporation (NYSE: NSC) announced its fourth quarter and full-year 2023 financial results, reporting a decline in railway operating revenues and income from railway operations compared to the previous year. The fourth quarter results include a charge associated with an incident in Eastern Ohio, impacting diluted earnings per share. Despite the challenges, the company's President and CEO expressed confidence in their ability to drive further productivity gains and deliver industry-competitive margins in 2024.
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Norfolk Southern Corporation (NSC) declared a quarterly dividend of $1.35 per share on its common stock, payable on February 20, 2024. This marks the 166th consecutive quarter that the company has paid dividends since its formation in 1982.
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Norfolk Southern Corporation (NYSE: NSC) donated $18.2 million across its 22-state network in 2023, double the contributions made in the prior year, benefitting communities, first responders, and safety initiatives. The company's Corporate Giving program focuses on fostering safe and sustainable operations, developing local workforces, and building strong, thriving communities. Key highlights of Norfolk Southern's 2023 Corporate Giving include total donations exceeding $18 million, introduction of new grant programs, and the launch of a new internal giving program called the Thoroughbred Giving Portal.
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Norfolk Southern Corporation (NYSE: NSC) will hold its Fourth Quarter 2023 Earnings Conference Call on January 26, 2024, at 8:45 a.m. ET. The company will release its quarterly earnings results in advance of the call, with a press release posted on its Investors page. Participants can join via teleconference or live webcast, with an audio replay available afterward. Investors can also subscribe to Investor Alerts for electronic notification of earnings events and more.
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Norfolk Southern Corporation (NSC) partnered with 62 customers to complete strategic industrial development projects in 2023, representing $3.1 billion in investment and the creation of more than 4,150 new jobs. The company facilitated growth in the electric vehicle industry, metals and construction, agriculture, and more, with significant investments from companies like Scout Motors, General Motors, Samsung SDI, Albemarle, Ford, Anchor Ingredients, Pure Cycle, Idaho Forest Group, International Paper, Church & Dwight, Jasper Forest Products, Hollingshead Cement, and Home Depot. Norfolk Southern also made strategic real estate investments and public-private partnerships, creating a world-class maritime operations and logistics center in Norfolk, Virginia, and developing breakbulk infrastructure along the Savannah River in Georgia. The company added 41 new rail-served industrial development sites, now featured on its customizable search database, NSites.
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Norfolk Southern Corporation (NSC) released its Climate Transition Plan (CTP) aimed at reducing greenhouse gas emissions with a focus on transitioning to a low-carbon economy. The plan includes a science-based target of reducing GHG emissions intensity by 42% by 2034, innovative technologies to improve locomotive fleet fuel economy, and increased consumption of low carbon fuels and renewable energy usage. The company's Chief Sustainability Officer emphasized the commitment to reducing environmental impact and recognizing the role of greenhouse gas emissions in global climate change. The CTP is based on a maturity assessment following the CDP technical guidance on Climate Transition Plans and the Assessing Low-Carbon Transition (ACT) guidance, responding to the evolving regulatory and market landscape surrounding climate change. Norfolk Southern's CTP identifies three significant key performance indicators as decarbonization levers to inform its transition strategy: fuel efficiency improvement target, renewable energy usage target, and biofuels consumption target.
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Norfolk Southern Corporation (NYSE: NSC) has distributed nearly $5 million in local grants to 330 organizations across its 22-state network as part of its Safety First and Thriving Communities grant programs. The Safety First and Thriving Communities grant programs are designed to support organizations that promote safe and sustainable operations, develop local workforces, and build strong, resilient communities across the company's network. Organizations received grants ranging from $1,000 to $50,000, with approximately $2.4 million in Safety First grants awarded to 178 first responder departments and organizations across 18 states, and approximately $2.5 million in Thriving Communities grants awarded to 152 organizations across 18 states.
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Norfolk Southern Corporation (NYSE: NSC) honored 13 customers and suppliers for energy efficiency, innovation, and environmental stewardship. The Thoroughbred Sustainability Partner Awards recognize corporate programs achieving significant energy efficiency savings, innovations contributing to a more sustainable future, and efforts promoting stewardship of the environment.
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FAQ

What is the current stock price of Norfolk Southern (NSC)?

The current stock price of Norfolk Southern (NSC) is $259.71 as of November 19, 2024.

What is the market cap of Norfolk Southern (NSC)?

The market cap of Norfolk Southern (NSC) is approximately 58.7B.

What does Norfolk Southern Corporation do?

Norfolk Southern Corporation is a leading transportation company operating approximately 19,500 route miles across 22 states and the District of Columbia, specializing in the transport of coal, automotive, and industrial products.

Who is the CEO of Norfolk Southern Corporation?

The President and CEO of Norfolk Southern Corporation is Alan Shaw.

What is the significance of Norfolk Southern’s intermodal network?

Norfolk Southern operates the most extensive intermodal network in the eastern United States, serving major container ports and providing efficient connections to other rail carriers.

How does Norfolk Southern contribute to sustainability?

Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail, promoting a more sustainable mode of transportation.

What recent achievements has Norfolk Southern made?

Recent achievements include significant improvements in network performance, safety, and service under the leadership of CEO Alan Shaw, and positive feedback from customers and regulatory bodies.

How extensive is Norfolk Southern's network?

Norfolk Southern operates over 20,000 miles of track, covering major ports on the Atlantic coast, Gulf of Mexico, and Great Lakes, and serves a majority of the U.S. population and manufacturing base.

What are Norfolk Southern's core products?

Norfolk Southern specializes in the transport of coal, automotive, and industrial products, along with a diverse mix of agriculture, metals, chemicals, and forest products.

What is the Precision Scheduled Railroading (PSR) operating plan?

PSR is an operating plan implemented by Norfolk Southern to enhance network efficiency, service reliability, and safety, aiming to achieve a sub-60% operating ratio in the next three to four years.

What is the historical significance of Norfolk Southern?

Founded in 1827, Norfolk Southern has a long history of safely moving goods and materials that drive the U.S. economy, evolving into a prominent transportation company.

How can shareholders stay informed about Norfolk Southern's developments?

Shareholders can stay informed by visiting Norfolk Southern’s official website, reading proxy statements and other documents filed with the SEC, and following company news updates.

Norfolk Southern Corp.

NYSE:NSC

NSC Rankings

NSC Stock Data

58.73B
226.08M
0.07%
77.56%
0.97%
Railroads
Railroads, Line-haul Operating
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United States of America
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