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 recognized 43 chemical customers with its 2020 Thoroughbred Chemical Safety Award, commending their achievement in safely handling hazardous materials. These customers shipped over 156,000 carloads without incident throughout 2020, despite the challenges posed by the global pandemic. The company continues its commitment to safety in chemical transport, participating in the American Chemistry Council's Responsible Care® Partner Program. Norfolk Southern's efforts promote safe rail-shipping practices, benefiting both businesses and communities.
Norfolk Southern (NYSE:NSC) has appointed Jason Morris as the new vice president of labor relations, effective October 1, following the retirement of Scott Weaver, who served the company for 32 years. Morris, formerly assistant vice president of safety and environmental, has been with Norfolk Southern since 2010, focusing on safety, labor, and employment issues. His leadership in safety has fostered collaboration between management and labor, enhancing safety performance. Weaver will retire after a long career, recognized for building strong relationships within the industry.
Norfolk Southern Corporation (NYSE: NSC) will participate in the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, at 3 p.m. EDT. Key executives, including Mark R. George, CFO, and Alan H. Shaw, CMO, will present during the event. Investors can access the presentation via webcast at this link. For additional details, the presentation will also be available on the Investors section of the company's website.
Norfolk Southern Corporation (NYSE: NSC) will present at the Wolfe Global Transportation & Industrials Conference 2021 on May 25 at 1 p.m. EDT. Key executives including CFO Mark R. George, CMO Alan H. Shaw, and COO Cindy M. Sanborn will participate in the virtual event. The presentation will cover the company's strategic insights and future outlook. Interested parties can access the webcast here and view the presentation on Norfolk Southern's Investor Relations page.
Norfolk Southern (NYSE:NSC) announced a $5 million contribution to the Hampton Roads community, reflecting gratitude towards its employees and retirees. Starting January 2022, the company will distribute $1 million annually for five years to local nonprofits, focusing on education, environment, social equity, and community advancement. This initiative reinforces Norfolk Southern's commitment to the region despite relocating its headquarters. The funding will be managed by a committee of employees and retirees through the Hampton Roads Community Foundation.
Norfolk Southern Corporation (NYSE: NSC) will present at the Bank of America 2021 Transportation, Airlines, and Industrials Conference on May 19, 2021, at 1:20 p.m. EDT. The presentation will be led by Executive Vice President and Chief Financial Officer Mark R. George and Executive Vice President and Chief Marketing Officer Alan H. Shaw. Interested participants can access the virtual conference via the provided webcast link. The presentation will also be available on the Norfolk Southern website in the Investors section.
Norfolk Southern Corporation (NYSE: NSC) has closed a $500 million green bond offering aimed at funding initiatives to reduce its carbon emissions and assist customers in lowering supply-chain emissions. This marks the first issuance of green bonds by a Class I railroad in North America. The funds will support projects that improve locomotive fuel efficiency, enhance intermodal terminals, and promote energy-efficient operations. Norfolk Southern is committed to science-based carbon reduction targets in line with the Paris Agreement, contributing to its recognition as one of the world's most sustainably managed companies.
NORFOLK, Va., April 28, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) reported first-quarter 2021 results with net income reaching $673 million and a record diluted earnings per share of $2.66. Railway operating revenues increased by 1% to $2.6 billion, driven by a 3% rise in volume. Operating expenses decreased by 21% to $1.6 billion due to lower fuel and compensation costs, leading to a record operating ratio of 61.5%. The company remains optimistic about continuing to leverage its precision scheduled railroading strategy amidst economic recovery.
Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of 99 cents per share, payable on May 20 to shareholders of record on May 7. This quarter marks a reduction in the time between the record date and the payment date, enhancing liquidity for shareholders. Norfolk Southern has maintained a consistent dividend payout for 155 consecutive quarters since its inception in 1982, reflecting its commitment to returning value to shareholders.
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