Norfolk Southern Stock Price, News & Analysis

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.

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.