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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 (NYSE: NSC) declares a quarterly dividend of $1.35 per share on its common stock, payable on May 20, 2024, to shareholders of record on May 3, 2024. The company has a history of paying dividends for 167 consecutive quarters since 1982.
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Ancora Holdings Group, , updates shareholders on its campaign to elect seven unaffiliated and qualified candidates to Norfolk Southern's Board of Directors. The company highlights the need for trustworthy leadership with governance acumen to implement a PSR-powered scheduled network. Ancora emphasizes the risks associated with the incumbent leadership and presents a Shareholder Slate with industry experts to drive a turnaround at Norfolk Southern.
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Norfolk Southern corrects Ancora's false and misleading statements by addressing unrealistic financial targets, highlighting actual savings projections and operational expertise. The PR emphasizes the company's successful PSR strategy, safety improvements, executive compensation initiatives, and board effectiveness. Shareholders are urged to vote for Norfolk Southern's nominees to drive sustainable value and hold management accountable.
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Norfolk Southern filed an investor presentation outlining a plan to achieve a sub-60% operating ratio in 3-4 years, with a focus on safety, service, and financial risk. The company is executing a strategy to deliver revenue and earnings growth, despite past challenges. The board is committed to transformation and accountability. Ancora's proposed strategy poses safety and service risks, urging shareholders to vote 'FOR' Norfolk Southern's nominees.
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Ancora Holdings Group, releases a presentation outlining a plan to implement a PSR-Powered Scheduled Network at Norfolk Southern. The presentation details a 100-day transition process and a three-phase strategy to reduce OR and increase shareholder value.
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Norfolk Southern urges shareholders to vote 'FOR' ONLY its 13 highly qualified nominees on the WHITE proxy card to safeguard shareholder value. The company highlights its board's expertise, commitment to enhancing safety, and operational performance, emphasizing the risks of Ancora's nominees. Norfolk Southern's new board members and governance enhancements aim to drive long-term shareholder value.
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Norfolk Southern (NSC) announces preliminary first quarter 2024 financial results, reaffirms full-year 2024 guidance, and provides updates on operational improvements. The results show an adjusted operating ratio improvement, a $600 million agreement in principle related to a derailment class action lawsuit, and strategic initiatives to enhance operational performance.
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Norfolk Southern 's President and CEO, Alan Shaw, and COO, John Orr, will discuss the company's strategic progress and initiatives to close the margin gap with peers in a fireside chat hosted by Wolfe Research. The event aims to highlight Norfolk Southern's balanced strategy and new operational initiatives for a more resilient and productive railroad.
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Norfolk Southern (NSC) will announce its first quarter 2024 financial results on April 24, 2024. The earnings conference call will be held at 8:45 a.m. ET, with details available on the company's website. Investors can participate via teleconference or live webcast, with an audio replay option afterward.
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Ohio-based Ancora Holdings Group, expresses concerns over Norfolk Southern 's Board of Directors' decision to appoint John Orr as COO in a costly and opaque manner, questioning the leadership's judgment and diligence.
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FAQ

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

The current stock price of Norfolk Southern (NSC) is $259.71 as of November 19, 2024.

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

The market cap of Norfolk Southern (NSC) is approximately 58.7B.

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

58.73B
226.08M
0.07%
77.56%
0.97%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA