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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 (NYSE: NSC) will donate nearly $600,000 in grants to 29 organizations across its 22-state network that serve homeless individuals. The company is committed to addressing the issue of homelessness and is focused on supporting organizations that provide shelter and critical services to the most vulnerable members of the communities it serves.
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Norfolk Southern Corporation (NYSE: NSC) announces its rail service provision to the Georgia Ports Authority's new inland terminal in Gainesville, Georgia. The Blue Ridge Connector will improve Northeast Georgia's link to the global supply chain, with a capacity of 200,000 lifts annually, connecting to the Port of Savannah's 35 global container ship services. Norfolk Southern's extensive rail network and strategic partnership with GPA position it as a key player in the US East Coast ports, handling 54% of the nation's global trade. The company's involvement in this project reflects its commitment to sustainable growth and leveraging strategic advantages for smart business decisions.
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Norfolk Southern Corporation (NYSE: NSC) to be represented by CEO Alan Shaw at Stephens Annual Investment Conference on November 15, 2023 at 11:00 a.m. ET via webcast.
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Norfolk Southern completes soil excavation in East Palestine, Ohio, reducing heavy truck traffic. Next phase includes backfilling and continued assessment. Company has invested $96.5 million in community assistance initiatives.
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Norfolk Southern is deploying Digital Train Inspection Portals to enhance rail safety. The portals feature cutting-edge Machine Vision Inspection technology and aim to supercharge Norfolk Southern's safety infrastructure. The project will deploy over a dozen portals by the end of 2024.
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Norfolk Southern Corporation announces third quarter 2023 financial results, with income from railway operations of $756 million and diluted earnings per share of $2.10. Adjusting for incident charges, income from railway operations was $919 million and diluted earnings per share were $2.65, declines of 28% and 35% compared to the same period last year.
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Norfolk Southern Corporation (NSC) announces quarterly dividend of $1.35 per share on its common stock.
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Norfolk Southern and Brotherhood of Railroad Signalmen launch innovative safety pilot program
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Norfolk Southern Corporation experienced a technology outage that impacted rail operations, but the issue has been resolved. All systems are now fully functional and trains are running. The impact to operations is expected to last at least a couple of weeks. The outage was not related to cybersecurity or the previous outage on August 28. The company is reviewing the root cause and taking measures to prevent future outages.
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Norfolk Southern Corporation will announce its Q3 financial results on October 25, 2023. Earnings results will be released in advance. Participate via teleconference or live webcast. Audio replay available until November 1, 2023.
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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
Link
United States of America
ATLANTA