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) operates one of North America's most extensive rail networks, serving critical supply chains across 22 eastern states. This dedicated news hub provides investors and industry stakeholders with direct access to official company announcements, operational updates, and strategic developments.
Our curated collection of NSC news ensures timely access to essential updates including quarterly earnings reports, infrastructure investment plans, safety program enhancements, and regulatory filings. Track key operational metrics, leadership changes, and sustainability initiatives through verified press releases and third-party analysis.
The repository features updates across core business areas: freight volume trends, intermodal network expansions, technology implementations, and capital allocation strategies. Users can monitor developments in coal transportation policies, automotive supply chain solutions, and cross-border logistics partnerships.
Bookmark this page for streamlined access to NSC's evolving market position within the transportation sector. Combine these verified updates with financial filings and industry analysis for comprehensive investment research.
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.
Norfolk Southern Corporation (NYSE:NSC) announced the appointment of Frank Voyack as vice president of government relations, effective May 1, succeeding Marque Ledoux, who is retiring after 18 years. Voyack, with over a decade at NS, will oversee the company’s government relations in Washington, D.C., emphasizing the railroad's economic role and public policy initiatives. His predecessor, Ledoux, had a notable career in transportation, including 16 years at FedEx, contributing significantly to NS's interests in government relations.
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter 2021 financial results on April 28, 2021, during a conference call at 8:45 a.m. EDT. Earnings will be released at 8 a.m. EDT, and a press release will be available on their website. Investors can participate via teleconference or live webcast, with an audio replay available until May 5, 2021. Norfolk Southern operates a significant rail network, transporting a variety of products across the eastern United States.
Norfolk Southern Corporation (NYSE: NSC) will present at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 1:10 p.m. EDT. The presentation will be made by Mark R. George, Chief Financial Officer, and Alan H. Shaw, Chief Marketing Officer. A webcast of the conference will be available online, along with the presentation materials, which can be found in the Investors section on the company's website. Norfolk Southern operates approximately 19,300 route miles in 22 states, providing key transportation services.
Norfolk Southern Corporation (NYSE: NSC) has terminated its plans to construct a rail transfer facility on the former Chattahoochee Brick Company site in Atlanta. This decision follows a petition for a preliminary injunction filed by the City of Atlanta with the federal Surface Transportation Board. Despite believing the petition lacks merit, Norfolk Southern chose to avoid prolonged litigation, emphasizing its commitment to being a responsible corporate citizen. The company had previously offered to create a memorial and enhance the site with river trails, underscoring its focus on community engagement and environmental standards.
Norfolk Southern (NYSE: NSC) has appointed Hunt Cary as the new vice president of operations efficiency, effective February 15, 2021. Cary, a railroad veteran with 28 years of experience, previously held leadership roles at Union Pacific Corporation, where he optimized intermodal operations. His expertise in network operations and supply-chain logistics is expected to advance Norfolk Southern's implementation of precision scheduled railroading and improve its cost structure. Cary began his career at Norfolk Southern and will report to COO Cindy Sanborn.
Norfolk Southern Corporation (NYSE: NSC) will present at the Citi 2021 Global Industrials Virtual Conference on February 16, 2021, at 1:50 p.m. EST. The presentation will feature Mark R. George, Executive Vice President and CFO, and Alan H. Shaw, Executive Vice President and CMO. Attendance is virtual, and the webcast can be accessed here. The presentation will be available on Norfolk Southern's Investors page following the event.
In 2020, Norfolk Southern (NYSE:NSC) supported 86 businesses in expanding or establishing facilities on its freight rail network, resulting in $1.8 billion in customer investments. This led to 70 new and 16 expanded rail-served facilities, creating over 2,960 jobs and generating 54,300 new rail carloads annually. Notable projects included medical and automotive facilities across various states. The railroad's efforts focused on enhancing supply chain efficiency and sustainability, contributing to economic growth despite COVID-19 impacts.
Norfolk Southern Corporation (NYSE: NSC) has announced a 5% increase in its quarterly dividend, raising it from 94 to 99 cents per share, effective March 10. This follows the company's commitment to increase its long-term target dividend payout ratio from 33% to a range of 35-40% of net income. CEO James A. Squires emphasized strong operational results and robust cash flow generation, reflecting confidence in long-term value creation. Norfolk Southern has maintained a consecutive dividend payment record for 154 quarters since 1982.
On January 27, 2021, Norfolk Southern Corporation (NYSE: NSC) reported its Q4 and full-year 2020 financial results. Q4 net income reached $671 million with diluted EPS of $2.64, while the full-year net income was $2.0 billion and diluted EPS $7.84. Although Q4 railway operating revenues fell 4% year-over-year to $2.6 billion, operating expenses decreased 8% to $1.6 billion. The operating ratio improved to a record 61.8% in Q4 and 69.3% for the year, demonstrating effective cost management despite challenges posed by the pandemic.
