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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.

News
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Norfolk Southern Corporation experienced a technology outage impacting rail operations, with no indication of cybersecurity incident. All systems restored at 7:00 p.m. ET. Operations expected to be impacted for at least a couple of weeks.
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Norfolk Southern Corporation appoints Chris Ceraso as Vice President Integrated Resource Planning, effective October 1. Ceraso will lead the company's integrated resource planning process. Chris Neikirk, Vice President Treasury & Investor Relations, plans to retire next year, with Ceraso assuming leadership of those functions in early 2024.
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Norfolk Southern Corporation (NYSE: NSC) announced its second quarter 2023 financial results, reporting income from railway operations of $576 million and diluted earnings per share of $1.56. Adjusted results showed income from railway operations of $992 million and adjusted diluted earnings per share of $2.95, down 22% and 14% compared to the second quarter of 2022. The company also mentioned a $416 million charge related to the ongoing response to the incident in Eastern Ohio, impacting the results.
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Norfolk Southern Corporation (NYSE: NSC) and SMART-TD Partner to Enhance Conductor Training Program and Safety Focus
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Norfolk Southern Corporation (NYSE: NSC) announced the appointment of Admiral Philip Davidson and Francesca DeBiase to its board. Davidson, a retired U.S. Navy Admiral, will serve on the Safety and Finance and Risk Management committees, while DeBiase, a former McDonald's executive, will serve on the Audit and Governance and Nominating committees. The appointments aim to enhance the board's diversity and expertise in safety, supply chain, and sustainability.
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Norfolk Southern Corporation's Thoroughbred Scholars program will provide college scholarships to over 100 children of employees. The program offers 100 scholarships of up to $10,000 over four years, as well as three additional scholarships of up to $40,000 for distinguished students. The recipients come from 16 states across the company's network, with 90 scholarships reserved for children of front-line workers. The program aims to support employees and invest in the future of the country.
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Norfolk Southern Corporation (NYSE: NSC) will announce its second quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Thursday, July 27, 2023. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website.
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FAQ

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

The current stock price of Norfolk Southern (NSC) is $237.92 as of December 24, 2024.

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

The market cap of Norfolk Southern (NSC) is approximately 53.8B.

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

53.83B
226.07M
0.07%
77.6%
0.98%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA