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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 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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Norfolk Southern Corporation appoints Director Public Engagement to improve railroad infrastructure and collaboration with local leaders.
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Norfolk Southern and Florida East Coast Railway announced an expansion of their intermodal interline services, providing greater flexibility and access to Ft. Pierce and Ft. Lauderdale terminals. This expands direct access to and from markets in Chicago, Cincinnati, Harrisburg, Kansas City, Memphis, St. Louis, Lathrop, and Southern California. The expansion provides shippers an opportunity to land traffic closer to facilities in major Florida markets, reducing drayage and expenses.
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Norfolk Southern breaks ground on First Responder Training Center in Ohio, investing at least $20,000,000 over the next 10 years. The center will provide ongoing, free training for first responders and strengthen coordination between railroads and emergency personnel. The investment will also bring additional customers to area businesses, boosting the local economy.
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Norfolk Southern and RapidSOS partner to equip first responders with critical information for rail emergencies
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Norfolk Southern Corporation announces interim Value Assurance Program (VAP) to compensate for reduction in home values in East Palestine, Ohio and surrounding communities following a derailment.
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Norfolk Southern recognizes Rail Safety Week to raise awareness about safety around railroad tracks and crossings. They have closed 775 at-grade crossings and are working on public projects to benefit infrastructure. Train/motor vehicle collisions have declined 82% since 1972.
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Norfolk Southern Corporation receives Sustainable Company Awards for energy-efficient corporate headquarters and regenerative nature project
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Norfolk Southern invests $8 million in DrayNow, forming a joint venture to enhance intermodal capabilities. The investment will enable DrayNow to develop technology for real-time shipment tracking and document capture. Norfolk Southern aims to provide a seamless customer experience and improve supply chain transparency.
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Norfolk Southern Corporation provides an update on the root-cause analysis of the recent system outage, revealing that it was not related to a cybersecurity incident. The outage was caused by a defect in the software of the company's data storage system during a routine maintenance procedure. Norfolk Southern is working with the vendor to prevent future incidents and ensure system resilience.
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FAQ

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

The current stock price of Norfolk Southern (NSC) is $235.77 as of December 23, 2024.

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

The market cap of Norfolk Southern (NSC) is approximately 53.0B.

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

52.95B
226.07M
0.07%
77.6%
0.98%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA