Norfolk Southern board of directors elects Richard Anderson as chair
- ATLANTA , June 12, 2025 /PRNewswire/ -- Norfolk Southern Corporation's (NYSE: NSC) Board of Directors has unanimously appointed Richard H. Anderson , the former CEO and Executive Chairman of Delta Air Lines, President of Optum Health, CEO of Northwest Airlines, and most recently President and CEO of Amtrak, as the independent chair of the board, effective immediately.
- 06/12/2025
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New Findings from NSC Grant Recipients Help Tackle America's Most Common Workplace Injury
- MSD Solutions Lab programs unite academic researchers and industry partners to drive innovation WASHINGTON , June 11, 2025 /PRNewswire/ -- The National Safety Council released findings from 2023-2024 MSD Solutions Lab Research to Solutions (R2S) and MSD Solutions Pilot Grant programs. Results showed practical applications and measurable progress toward reducing musculoskeletal disorders (MSDs), the most common workplace injury.
- 06/11/2025
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Norfolk Southern to present at 2025 Wells Fargo Industrials and Materials Conference
- ATLANTA , June 4, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr and Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the 2025 Wells Fargo Industrials and Materials Conference. Details on how to listen to the discussion follow below.
- 06/04/2025
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Norfolk Southern: Get On Board This Dividend Stock Now
- Since my previous article, Norfolk Southern's shares have slightly outpaced the S&P 500 index. The company topped analysts' expectations for revenue and adjusted diluted EPS in Q1 2025, with forward-looking fundamentals remaining encouraging. Norfolk Southern enjoys a BBB+ credit rating from S&P on a stable outlook.
- 06/04/2025
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Bert's May 2025 Dividend Income Summary
- Our dividend income dropped by 15% in May. We had Healthpeak Properties change the structure of its dividend. June will be a very exciting month and I cannot wait to see the dividend distributions for our ETFs, especially SCHD.
- 06/03/2025
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3 Railroad Stocks to Watch From the Prospering Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. UNP, CP and NSC are well-poised to capitalize on the bullishness.
- 06/03/2025
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Claude Mongeau resigns as chair of Norfolk Southern Board
- New chair to be elected at the next scheduled meeting of the Board of Directors ATLANTA , June 3, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced Chairman Claude Mongeau has resigned from the Board of Directors this week for personal reasons. The board will elect a new chair at its next scheduled meeting later this month.
- 06/03/2025
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Norfolk Southern (NSC) Up 5.7% Since Last Earnings Report: Can It Continue?
- Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock?
- 05/23/2025
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Norfolk Southern to present at Wolfe Research 18th Annual Global Transportation & Industrials Conference
- ATLANTA , May 16, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Wolfe Research 18th Annual Global Transportation & Industrials Conference. Details on how to listen to the discussion follow below.
- 05/16/2025
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5 Ideal 'Safer' Dividend Buys From Bloomberg's May Watchlist
- I analyze 50 Bloomberg 'Companies to Watch' for 2025, focusing on the 35 that pay dividends and applying the yield-based dogcatcher strategy. 15 of these dividend payers are 'safer' stocks, with free cash flow yields exceeding dividend yields—five are IDEAL candidates for watch-to-buy. Top ten dividend dogs offer estimated average net gains of 21.33% for the coming year, but investors should beware of cash-poor stocks with negative free cash flow margins.
- 05/15/2025
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Why Railroad Stocks Are Moving Higher Today
- Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.
- 05/12/2025
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3 Dynamite Dividend Stocks To Snatch Up Now
- Compound interest is a marvel that all too often goes unappreciated. Today's article will cover a Class I railroad operator, a major water and gas utility, and a leading provider of building and weatherproofing products. Relative to my fair value estimates, these companies are undervalued by 8% to 17%.
- 05/09/2025
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Attention Investors - This Is Now My #1 Place To Buy Dividends
- My portfolio is outperforming the market, but I remain cautious. The rally has masked risks, and valuations are far from attractive. Despite optimism, trade tensions, inflation fears, and weak capital spending signal that economic risks are rising, not fading. That's why I'm turning to transportation. It's overlooked, undervalued, and historically a key signal for lasting market recoveries.
- 05/05/2025
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Norfolk Southern Corporation (NSC) Q1 2025 Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q1 2025 Earnings Conference Call April 23, 2025 8:45 AM ET Company Participants Luke Nichols - Senior Director of IR Mark George - President and CEO John Orr - EVP and COO Ed Elkins - Chief Commercial Officer Jason Zampi - EVP, Treasurer, and CFO Conference Call Participants Kenneth Hoexter - Bank of America Christian Wetherbee - Wells Fargo Scott Group - Wolfe Research Brian Ossenbeck - JPMorgan Jonathan Chappell - Evercore ISI Jason Seidl - TD Cowen Brandon Oglenski - Barclays Bank Stephanie Moore - Jefferies Thomas Wadewitz - UBS Walter Spracklin - RBC Capital Markets Richa Harnain - Deutsche Bank Operator Good morning, ladies and gentlemen, and welcome to Norfolk Southern Corporation First Quarter 2025 Earnings Conference Call. At this time, note that all participant lines are in the listen-only mode.
- 04/23/2025
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Norfolk Southern Q1 Earnings Miss Estimates, Revenue Beat
- NSC's first-quarter 2025 earnings improve year over year while revenues decrease.
- 04/23/2025
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Compared to Estimates, Norfolk Southern (NSC) Q1 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 04/23/2025
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Norfolk Southern (NSC) Lags Q1 Earnings Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $2.69 per share, missing the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.49 per share a year ago.
- 04/23/2025
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Norfolk Southern reports first quarter 2025 results
- Delivers adjusted net income and EPS growth of 8% despite weather-related disruptions Reiterates full-year guidance while recognizing macro-economic uncertainty ATLANTA , April 23, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its first quarter 2025 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion, operating ratio was 61.7%, and diluted earnings per share were $3.31.
- 04/23/2025
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Norfolk Southern Declares Quarterly Dividend
- ATLANTA , April 22, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable May 20, 2025, to shareholders of record on May 2, 2025.
- 04/22/2025
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Norfolk Southern: This Is What CSX Earnings Suggest
- Norfolk Southern Corporation's Q1 earnings might outperform CSX Corporation due to fewer operational disruptions and lower costs from infrastructure projects and rerouting expenses. CSX was impacted by infrastructure rebuild projects which could drive more traffic on Norfolk Southern's network. Intermodal volumes increased by 2% for CSX, partly due to tariff-related pull-forwards, indicating potential revenue growth for NSC.
- 04/22/2025
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3 Dividend (Growth) Stocks Selling For 60 Cents On The Dollar
- We live in a world full of financial traps, from slick sales tactics to overly complex investment products. I've seen firsthand how damaging this can be. When markets get rocky, some firms roll out shiny "new" ideas, which are often costly, complex, and timed just right to take advantage of investor uncertainty. I stay cautious. Instead of chasing complicated alternatives, I prefer sticking to solid, undervalued dividend investments that align with long-term goals, and I share a few favorites.
- 04/22/2025
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Countdown to Norfolk Southern (NSC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
- Beyond analysts' top -and-bottom-line estimates for Norfolk Southern (NSC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
- 04/17/2025
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NSC Set to Report Q1 Earnings: What's in the Offing for the Stock?
- NSC's first-quarter 2025 top line is expected to have been significantly affected by weak freight demand and tariff-related uncertainties.
- 04/16/2025
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Norfolk Southern (NSC) Earnings Expected to Grow: Should You Buy?
- Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2025
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Norfolk Southern (NSC) Soars 7.6%: Is Further Upside Left in the Stock?
- Norfolk Southern (NSC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 04/10/2025
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3 Dividend Paying Stocks From the Railroad Industry You Should Count On
- Here, we pick three railroad stocks, Union Pacific, Canadian National and Norfolk Southern, which have a solid five-year dividend growth history.
- 04/08/2025
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Bloomberg April Watch List Shows 6 Ideal "Safer" Dividend Buys
- Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like leadership changes, acquisitions, and new products, with emphasis on AI and electric vehicles. Sixteen of the 35 dividend-paying companies are deemed "safer" with free cash flow yields exceeding dividend yields, including HSBC, China Hongqiao, and ITV. Analysts forecast net gains between 30.99% to 70.82% for top dividend focus companies by April 2026, with Broadcom and Subsea 7 leading projections.
- 04/07/2025
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Chaos Breeds Bargains! Here's What I'm Buying
- My portfolio took a major hit on April 3 and 4, with losses surpassing previous records. Yet, despite the pain, I remain optimistic. Market corrections are essential for long-term wealth building. Though short-term declines are difficult, I view them as opportunities to improve my risk/reward and income potential. I'm eyeing undervalued opportunities, especially cyclical stocks. The current market weakness, amplified by tariffs, offers great buying potential for stocks like Union Pacific and Prologis, and many others.
- 04/06/2025
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Norfolk Southern to announce first quarter 2025 earnings results April 23, 2025
- ATLANTA , April 2, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its first quarter 2025 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 23, 2025.
- 04/02/2025
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Industry-first program cuts supply chain emissions for freight rail customers
- ATLANTA , March 31, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today launched RailGreen, a first-of-its-kind solution enabling customers to reduce emissions from their freight rail shipments. RailGreen makes Norfolk Southern the only freight railroad in the world to offer verified certificates for supply chain emissions reduction.
- 03/31/2025
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Norfolk Southern Banks on Dividends & Buybacks Despite Debt Woes
- NSC's strong free cash flow-generating ability supports its shareholder-friendly activities.
- 03/26/2025
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Norfolk Southern to present at J.P. Morgan Industrials Conference
- ATLANTA , March 7, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr and Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the 2025 J.P. Morgan Industrials Conference.
- 03/07/2025
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3 Railroad Stocks to Watch From a Challenging Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. UNP, CP and NSC are well-poised to capitalize on the bullishness.
- 03/07/2025
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Dividend Investors, Buckle Up - This Market Is About To Get Wild
- Navigating this unpredictable market feels like driving through a storm; it's exhausting, but if we do it right, we're still going somewhere. With macro trends not mattering much at the moment and politics driving volatility, I'm leaning into stock-picking, focusing on quality dividend payers like Canadian Natural Resources and Amphenol. While tariffs, inflation, and deficits add layers of complexity, I see short-term pain as a setup for long-term gains.
- 03/06/2025
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6 Ideal Buys From 14 'Safer' March Dividends On Bloomberg 2025 Watch List Of 50
- Bloomberg Intelligence analysts identified 50 stocks for 2025, focusing on catalysts like new leadership, acquisitions, and AI advancements, with 35 paying dividends. 14 of these dividend-paying stocks meet the “safer” criteria, with free cash flow yields exceeding dividend yields, making them attractive for first-time investors. Analysts project net gains of 10% to 50.26% for the top ten Bloomberg Dividend Focus companies by March 2026, highlighting potential investment opportunities.
- 03/05/2025
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Norfolk Southern: An Undervalued Dividend Stock To Buy Now
- Since my previous article, shares of Norfolk Southern have delivered 19% total returns. Volume growth and productivity gains should return the railroad operator to solid growth in 2025 and beyond. Norfolk Southern's debt-to-capitalization ratio meaningfully improved in 2024.
- 02/27/2025
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2 Dividend Paying Stocks From the Railroad Industry You Should Count On
- Here we pick two railroad stocks, Union Pacific and Norfolk Southern, which have a solid five-year dividend growth history.
- 02/25/2025
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The Dividend Strategy That Could Make Me A Millionaire - And How You Can Copy It
- Self-made millionaires build wealth through disciplined, consistent investing. I focus on dividend growth stocks, avoid single-stock risks, and live below my means to reinvest. I invest in wide-moat companies with strong fundamentals. Prioritizing dividend growth, I aim for income and long-term gains without timing the market. My picks reflect my conviction in dividend growth as a wealth-building tool. These stocks align with my long-term vision for financial security and success.
- 02/20/2025
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Norfolk Southern: From Setback To Comeback
- Norfolk Southern has shown strong recovery post-derailment, with improved margins and profits, driven by cost savings and increased intermodal traffic. Q4 earnings highlighted a 7% improvement in operating expenses and an 11% increase in operating income, despite a 2% revenue decrease. The company is resuming share repurchases and maintaining a steady dividend, signaling confidence in future growth and balance sheet strength.
- 02/18/2025
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All-In: The 23-Stock Six-Figure Dividend Portfolio I'm Betting My Future On
- Thank you to the Seeking Alpha community for your support! Reaching 40,000 followers is a dream come true. Your feedback fuels my work. I've invested 91% of my net worth in 23 high-conviction dividend stocks. Focused on wide-moat businesses, I prioritize quality and long-term growth over yield. My portfolio has outperformed the S&P 500, and I'm confident in its future. I expect a rotation to value stocks, and I'll keep sharing insights to grow together.
- 02/14/2025
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Norfolk Southern to present at Barclays 42nd Annual Industrial Select Conference
- ATLANTA , Feb. 13, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and CEO Mark George and Executive Vice President and Chief Marketing Officer Ed Elkins will participate in a fireside chat at the Barclays 42nd Annual Industrial Select Conference. Details on how to listen in to the discussion follow below.
- 02/13/2025
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Where I'd Put $10,000 Right Now - My Best Dividend Picks For Income And Growth
- I started investing with a modest $4,000, now growing it into a 23-stock portfolio. The median net worth varies by age, but most can invest $10,000 for growth. The goal here isn't to push random picks, but to offer long-term dividend ideas. I connect my choices to the broader economic picture, from undervalued essentials to GARP stocks. In this article, I highlight undervalued consumer staples, GARP stocks, and investment ideas linked to potential political changes, all aimed at steady dividend growth.
- 02/10/2025
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The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
- I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.
- 02/07/2025
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FDX, Norfolk Southern, CSX Canadian Pacific downgraded on tariff woes
- Higher prices will reduce demand for goods and cool the economy, which in turn impacts the transportation sector.
- 02/03/2025
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2 Undervalued Dividend Stocks Ready For A Major Comeback
- The economy is mixed - strong in some sectors, weak in others. I see value in cyclical stocks and healthcare, both lagging but poised for growth. One pick is a cyclical turnaround story with strong recovery potential. The other is a high-yield healthcare gem with anti-cyclical resilience. Both stocks offer market-beating potential, solid dividends, and long-term growth. They're perfect for balancing risk and reward in today's uncertain economy.
- 02/02/2025
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Norfolk Southern Posts Q4 Beat, Analysts Expect Continued Productivity Gains
- Shares of Norfolk Southern Corp NSC remained volatile in early trading on Thursday, after the company reported mixed fourth-quarter results.
- 01/30/2025
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Tariffs are an uncertainty but not a worry, railroad operator Norfolk Southern says
- Norfolk Southern shares bounced Wednesday, as the railroad operator helped dispel fears about potential tariffs that had caused a selloff in the previous session.
- 01/29/2025
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Watch CNBC's full interview with Norfolk Southern CEO Mark George
- Morgan Brennan sits down with Norfolk Southern CEO Mark George in an exclusive interview to discuss the company's latest earnings report, the state of the economy and industrials and what impact he expects from tariffs.
- 01/29/2025
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Norfolk Southern Tops EPS Forecast
- Norfolk Southern (NSC 1.75%), a prominent player in the freight rail industry, announced its fourth-quarter 2024 results on January 29, 2025. These results surpassed Wall Street expectations, with adjusted earnings per share (EPS) at $3.04, exceeding the forecast of $2.94.
- 01/29/2025
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Norfolk Southern Q4 Earnings Surpass Estimates, Revenues Lag
- NSC's fourth-quarter 2024 revenues are affected by weakness across its segments.
- 01/29/2025
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Norfolk Southern Corporation (NSC) Q4 2024 Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q4 2024 Earnings Call January 29, 2025 8:45 AM ET Company Participants Luke Nichols - Senior Director of IR Mark R. George - President and CEO John F.
- 01/29/2025
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Norfolk Southern (NSC) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/29/2025
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Norfolk Southern beats profit estimates helped by cost cuts, insurance recovery
- U.S. railroad operator Norfolk Southern on Wednesday posted a quarterly profit that beat analysts' estimates, helped by cost cuts implemented to improve margins and better-than-expected insurance recoveries related to a costly derailment.
- 01/29/2025
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Norfolk Southern (NSC) Q4 Earnings Beat Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $3.04 per share, beating the Zacks Consensus Estimate of $2.95 per share. This compares to earnings of $2.83 per share a year ago.
- 01/29/2025
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Norfolk Southern reports fourth quarter and full year 2024 results
- Met commitments for second-half and full-year 2024 operating ratio Productivity initiatives drive results with additional opportunity in 2025 ATLANTA , Jan. 29, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its fourth quarter and full-year 2024 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion, operating ratio was 62.6%, and diluted earnings per share were $3.23.
- 01/29/2025
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Norfolk Southern Declares Quarterly Dividend
- ATLANTA , Jan. 28, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable Feb. 20, 2025, to shareholders of record on Feb. 7, 2025.
- 01/28/2025
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Norfolk Southern names Lori J. Ryerkerk to board of directors
- ATLANTA , Jan. 27, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has appointed Lori J. Ryerkerk, former chairman, chief executive officer, and president of Celanese Corp., to the Board of Directors (the "Board").
- 01/27/2025
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Is a Beat in the Cards for Norfolk Southern in Q4 Earnings?
- NSC's fourth-quarter 2024 revenues are expected to have been hurt by weakness across its Intermodal and Coal segments.
- 01/22/2025
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Norfolk Southern (NSC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Norfolk Southern (NSC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/22/2025
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5 Ideal Buys From 14 'Safer' January Dividends On Bloomberg 2025 Watch List Of 50
- Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like new leadership, asset sales, acquisitions, and new products. 14 of 35 dividend-paying companies meet the "safer" criteria with free cash flow yields exceeding dividend yields, inviting closer investor scrutiny. Top ten Bloomberg Dividend Focus stocks for 2025 projected net gains between 11.62% and 48.92%, based on analyst target prices and dividend yields.
- 01/21/2025
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Will Norfolk Southern (NSC) Beat Estimates Again in Its Next Earnings Report?
- Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/20/2025
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2 Dividend Stocks That Scream 'Trump' - And Big Potential
- In light of President Trump's inauguration, I've identified two overlooked dividend stocks that could significantly benefit from a shift in political and economic trends. These stocks offer unique opportunities for long-term growth, with strong fundamentals and the potential to thrive under a Trump-led administration. If you're looking for undervalued, high-potential dividend stocks, these picks could provide the stability and growth you need to maximize your portfolio's returns.
- 01/20/2025
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Norfolk Southern to announce fourth quarter 2024 earnings results Jan. 29
- ATLANTA , Jan. 2, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its fourth quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, Jan. 29, 2025.
- 01/02/2025
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2 Dividend Paying Stocks From the Railroad Industry You Should Count On
- Here, we pick two railroad stocks, Union Pacific and Norfolk Southern, with a solid five-year dividend growth history.
- 12/30/2024
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Big Dividends Ahead: Where I'd Invest $10,000 In 2025
- I share my $10,000 dividend investment strategy for 2025, focusing on stocks with income potential and long-term growth prospects. These picks prioritize reliable dividends, strong fundamentals, and resilience, aiming to deliver consistent returns despite market conditions. With an eye on 2025 trends, I highlight why these investments stand out and how they can boost portfolios seeking income and growth.
- 12/25/2024
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Norfolk Southern: Moving Efficiently Into 2025
- Norfolk Southern is currently undervalued, presenting a buying opportunity for investors. NSC's improving balance sheet, infrastructure investments, and expanding intermodal train capacity position it well for future growth. Despite short-term challenges, NSC's positive Q3 2024 results and expected FY 2025 performance indicate strong future demand and revenue growth.
- 12/17/2024
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3 Railroad Stocks to Watch From the Challenging Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CNI and NSC are well-poised to capitalize on the bullishness.
- 12/16/2024
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Norfolk Southern Names Ann A. Adams Chief Human Resources Officer
- PC Bryant appointed Vice President Human Resources ATLANTA , Dec. 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has named Ann A. Adams as Chief Human Resources Officer, with responsibility for human resources and labor relations, reporting to CEO Mark George.
- 12/09/2024
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Red, White, And Wealth: Building An All-American Dividend Portfolio
- I love America and invest heavily in it for good reason. This article explores why the U.S. outshines the world economically and strategically for investors. With unmatched innovation, military strength, and natural resources, the U.S. excels. I highlight risks, rewards, and the keys to building a winning portfolio. From defense giants to energy royalty players, I share my favorite stocks to beat the market and capitalize on America's enduring strengths.
- 12/09/2024
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Buying No-Brainer Dividends For The 'Best Four Years Ever'
- Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
- 12/05/2024
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My Favorite Dividend Stocks For The 'New World Order'
- I explore the evolving “New World Order,” focusing on geopolitical changes and the U.S.'s strategic responses. This impacts global markets profoundly. Trump's pick for Treasury Secretary, Scott Bessent, aims to tackle U.S. debt and economic growth with his “3/3/3” plan—cut deficits, boost GDP, and increase oil output. Amid these shifts, I spotlight dividend stocks poised to thrive, emphasizing their resilience, strong yields, and growth potential in a changing economy.
- 11/27/2024
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Norfolk Southern (NSC) Up 0.8% Since Last Earnings Report: Can It Continue?
- Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock?
- 11/21/2024
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3 Dividend Paying Railroad Stocks You May Count On
- Here we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 11/19/2024
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Norfolk Southern to present at Stephens Annual Investment Conference
- ATLANTA , Nov. 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Marketing Officer Ed Elkins and Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Stephens Annual Investment Conference. Details on joining to listen to the discussion follow below.
- 11/18/2024
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Ancora, Norfolk Southern strike settlement deal to avert proxy fight
- Norfolk Southern and activist investor Ancora struck a deal to avert a proxy fight at the railroad.
- 11/14/2024
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Norfolk Southern to Add New Independent Director to Board via Cooperation Agreement with Shareholder Ancora
- ATLANTA , Nov. 14, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern" or the "Company") today announced that it has entered into a cooperation agreement with Ancora Holdings Group, LLC (together with certain of its affiliates, "Ancora") after constructive engagement. Under the terms of the agreement, Norfolk Southern and Ancora will work together to identify an independent director to join the Company's Board of Directors (the "Board").
- 11/14/2024
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Here's Why Investors Should Retain Norfolk Southern Stock Now
- Norfolk Southern's bottom line is benefiting from robust cost-cutting initiatives. However, weak liquidity is a major headwind.
- 11/13/2024
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The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
- My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in stocks like Canadian Pacific and select REITs, which were sold off prematurely due to investor overreaction. Regardless of political changes, my focus remains on building a resilient portfolio with reliable income through value investments and all-weather stocks.
- 11/08/2024
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Norfolk Southern Names Joe Carpenter Vice President Law
- ATLANTA , Nov. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the appointment of Joseph H. Carpenter IV as Vice President Law.
- 11/04/2024
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A $6.8 Trillion Cash Trap? 2 Of My Favorite Dividend Picks For What's Next
- With a major market cash flow shift underway, dividend stocks offer a smart choice for reliable returns, appealing to investors looking to maximize yield. These two top dividend stocks have strong fundamentals and growth potential, making them ideal as the market pivots and more cash rotates into income-focused investments. For investors seeking stable, long-term income, these picks stand out. They're built to weather economic shifts and reward with dependable, growing dividends.
- 10/30/2024
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Norfolk Southern's new Customer Advisory Board builds on customer-centric focus
- ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is uniting a diverse group of industry leaders and stakeholders to form its Customer Advisory Board. The new initiative aims to deepen the company's engagement with key voices from the industries it serves and leverage their invaluable insights to further enhance its customer experience.
- 10/24/2024
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Norfolk Southern's Brosnan Forest Provides Timber for New Academic Building at Clemson University
- Project marks first time blockchain technology has been applied to a mass timber project ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC), today announced it would provide timber for the construction of a Department of Forestry and Environmental Conservation building project at Clemson University. The majority of the wood used for the state-of-the-art building will be longleaf pine harvested from the Brosnan Forest, a 14,400-acre timber and wildlife preserve near Charleston, S.C.
- 10/24/2024
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Norfolk Southern: Q3, Superb Profitability And Productivity Improvements
- Norfolk Southern's Q3 showed significant operational efficiency improvements at the railroad. Productivity gains, including increased car velocities and reduced fuel expenses, have enhanced profitability and improved the operating ratio. NSC's improved safety measures and reduced accident rates are crucial, especially after the 2023 derailments, bolstering long-term stability.
- 10/24/2024
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Norfolk Southern's Q3 Beat Fuels Analyst Optimism Despite Q4 Challenges—Long-Term Growth Potential In Focus
- Several analysts revised the price target on Norfolk Southern Corporation NSC following third quarter results.
- 10/23/2024
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Watch CNBC's full interview with new Norfolk Southern CEO Mark George
- Morgan Brennan sits down with new Norfolk Southern CEO Mark George in an exclusive interview, his first in the role. George discusses sustaining company growth, recovering Hurricane Helene, responding to the port strike and dealing with activist investor Ancora.
- 10/22/2024
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Norfolk Southern's Q3 Earnings Surpass Estimates, Increase Y/Y
- Low fuel expenses aid NSC's bottom-line performance in the third-quarter of 2024.
- 10/22/2024
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Norfolk Southern Corporation (NSC) Q3 2024 Earnings Conference Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q3 2024 Earnings Conference Call October 22, 2024 8:45 AM ET Company Participants Luke Nichols - Senior Director of IR Mark George - President and CEO John Orr - COO Ed Elkins - Chief Marketing Officer Jason Zampi - CFO Conference Call Participants Chris Wetherbee - Citigroup Brian Ossenbeck - JPMorgan Ken Hoexter - Bank of America Merrill Lynch Scott Group - Wolfe Research Tom Wadewitz - UBS Brandon Oglenski - Barclays Jonathan Chappell - Evercore ISI Jeff Kauffman - Vertical Research Jordan Alliger - Goldman Sachs Ravi Shanker - Morgan Stanley David Vernon - Bernstein Ben Nolan - Stifel Operator Good morning. Ladies and gentlemen, and welcome to Norfolk Southern Third Quarter 2024 Earnings Conference Call.
- 10/22/2024
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Compared to Estimates, Norfolk Southern (NSC) Q3 Earnings: A Look at Key Metrics
- The headline numbers for Norfolk Southern (NSC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 10/22/2024
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Norfolk Southern (NSC) Q3 Earnings Top Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.65 per share a year ago.
- 10/22/2024
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Norfolk Southern reports strong third quarter 2024 results
- Productivity initiatives drive further margin improvement On track to meet adjusted operating ratio targets for second half and full year 2024 ATLANTA , Oct. 22, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings per share were $4.85.
- 10/22/2024
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Can These 4 Transportation Stocks Hit Q3 Earnings Targets?
- Investors interested in Transportation stocks can watch out for third-quarter 2024 earnings reports of LUV, AAL, UNP and NSC.
- 10/21/2024
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Norfolk Southern Reaches Tentative Collective Bargaining Agreement with International Brotherhood of Electrical Workers
- Tentative agreement comes in advance of the next collective bargaining round, delivering significant future enhancements to pay, health care, and vacation. ATLANTA , Oct. 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that it has reached a tentative five-year collective bargaining agreement with the International Brotherhood of Electrical Workers (IBEW).
- 10/21/2024
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Norfolk Southern Declares Quarterly Dividend
- ATLANTA , Oct. 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable Nov. 20, 2024, to shareholders of record on Nov. 1, 2024.
- 10/18/2024
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Curious about Norfolk Southern (NSC) Q3 Performance? Explore Wall Street Estimates for Key Metrics
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Norfolk Southern (NSC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
- 10/17/2024
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Is a Beat in Store for Norfolk Southern in Q3 Earnings?
- NSC's third-quarter 2024 revenues are expected to have benefited from solid performances in its Merchandise segment.
- 10/16/2024
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Norfolk Southern (NSC) Reports Next Week: Wall Street Expects Earnings Growth
- Norfolk Southern (NSC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/15/2024
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Norfolk Southern donates additional $400K to Red Cross for Hurricane Milton and Helene relief efforts
- Total 2024 contributions to Red Cross reach $775K for disaster recovery efforts ATLANTA , Oct. 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has contributed an additional $400,000 to the American Red Cross to aid its large-scale relief efforts following Hurricane Helene and Hurricane Milton. This donation brings the company's total disaster recovery support to $775,000 in 2024.
- 10/10/2024
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Norfolk Southern Poised Well on Dividends Amid Freight Woes
- Improved operational efficiency is bolstering Norfolk Southern's bottom line. However, economic woes are adversely impacting NSC's prospects.
- 10/10/2024
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3 Dividend Giants I'm Holding On To For Dear Life
- I considered selling several stocks to consolidate my portfolio, but ultimately decided to keep them. Each investment still aligns with my long-term strategy. While not all of them are particularly cheap, they offer strong fundamentals and growth potential, making them worth holding despite their current valuations. I'm sticking to my “never sell” approach for now, focusing on adding to these positions on weakness, as I expect them to outperform the market over time.
- 10/03/2024
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Damaging Port Strike May Aid Some Transportation Stocks: Here's How
- The port strike, though very damaging, may aid transportation stocks like FDX, UPS, CHRW and EXPD.
- 10/02/2024
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Norfolk Southern to announce third quarter 2024 earnings results on October 22, 2024
- ATLANTA , Oct. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its third quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Tuesday, October 22, 2024.
- 10/01/2024
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Norfolk Southern donates $100K to Red Cross, activates Employee Disaster Relief Program
- Supports multi-state relief effort underway for Hurricane Helene ATLANTA , Sept. 30, 2024 /PRNewswire/ -- Norfolk Southern Corp. (NYSE: NSC) has donated $100,000 to the American Red Cross to support the organization's massive, multi-state relief efforts for Hurricane Helene.
- 09/30/2024
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Norfolk Southern Names Brian Barr Vice President and Chief Mechanical Officer
- ATLANTA , Sept. 26, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has named Brian Barr as Vice President and Chief Mechanical Officer.
- 09/26/2024
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Norfolk Southern's Undeniable Potential: A Turnaround You Don't Want To Miss
- I initially considered selling Norfolk Southern Corporation to reduce my portfolio but decided to hold due to its wide moat, promising turnaround potential, and dividend growth. Despite recent struggles, including intermodal weakness and derailments, Norfolk Southern is improving operations, cutting costs, and positioning itself for future growth. In the long term, I expect economic reshoring and efficiency gains to drive strong returns. Norfolk Southern's dividend growth and recovery make it a valuable part of my portfolio.
- 09/25/2024
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Norfolk Southern names new members to executive leadership team
- Jason A. Zampi appointed Chief Financial Officer and Treasurer Jason M. Morris appointed Chief Legal Officer and Corporate Secretary ATLANTA , Sept.
- 09/24/2024
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3 Railroad Stocks to Watch From the Prospering Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CSX and NSC are well-poised to capitalize on the bullishness.
- 09/20/2024
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China Will Be "High On Agenda" At Quad Summit: White House
- China will certainly be "high on the agenda" at the Quad Summit set to be hosted by US President Joe Biden in Delaware's Wilmington on September 21, US National Security Council (NSC) Coordinator for Strategic Communications John Kirby said...
- 09/19/2024
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Norfolk Southern To See Volume Gains Amid Productivity Improvements Despite Management Churn: Analyst
- BofA Securities analyst Ken Hoexter reiterated the Buy rating on Norfolk Southern Corporation NSC, with a price objective of $259.
- 09/12/2024
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Norfolk Southern CEO change brings stability but governance questions linger, says analyst
- Norfolk Southern Corp.'s decision to replace fired Chief Executive Alan Shaw with Mark George, the railroad operator's executive vice president and chief financial officer, should bring management-level stability to the company — but questions about its board governance still linger, according to one analyst.
- 09/12/2024
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Norfolk Southern CEO, top lawyer fired over romance shared hotels, cars on corporate trips: report
- Employees would see CEO Alan Shaw and Nabanita Nag travel together and return to headquarters in Atlanta separately within a space of a few minutes.
- 09/12/2024
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Norfolk Southern CEO Alan Shaw replaced by CFO amid alleged affair with legal chief
- CNBC's Morgan Brennan joins 'Squawk Box' to report on the latest news from Norfolk Southern.
- 09/12/2024
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Norfolk Southern Fires CEO Over Relationship With Legal Chief
- Norfolk Southern (NSC) has fired Chief Executive Officer (CEO) Alan Shaw over a relationship with the freight railroad's top legal officer.
- 09/12/2024
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Norfolk Southern's CEO Survived an Activist Attack. Then Came Talk of an Affair.
- Norfolk Southern NSC -1.40%decrease; red down pointing triangle employees weren't terribly surprised to see their chief executive, Alan Shaw, and the company's general counsel, Nabanita Chaterjee Nag, standing close together one day on the sidewalk, talking, near the company's Atlanta headquarters.
- 09/12/2024
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Railroad company Norfolk Southern fired its CEO over his relationship with the company's top lawyer
- Norfolk Southern fired CEO Alan Shaw for a previously undisclosed relationship with an employee. Alan Shaw had been in a consensual relationship with the company corporate secretary, Nabanita Nag.
- 09/12/2024
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Norfolk Southern fires its CEO over relationship with another executive
- Railroad operator Norfolk Southern Corp. fired Chief Executive Alan Shaw on Wednesday, following an investigation into allegations of misconduct.
- 09/11/2024
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Norfolk Southern Terminates CEO Alan Shaw, Citing Company Policy Violations
- The board of Norfolk Southern ousted Alan Shaw as the company's top executive.
- 09/11/2024
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Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair with legal chief
- Norfolk Southern CEO Alan Shaw is out effective immediately and will be replaced by finance chief Mark George. Shaw's departure comes as the railroad's board probes an allegedly inappropriate relationship with the company's chief legal officer, Nabanita Nag.
- 09/11/2024
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Norfolk Southern Board of Directors Appoints Mark R. George President and Chief Executive Officer Through Unanimous Vote of Independent Directors
- Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies Nabanita Nag Terminated as Chief Legal Officer Company Reaffirms Full-Year 2024 Guidance ATLANTA , Sept.
- 09/11/2024
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Norfolk Southern negotiating CEO's exit, looks for interim chief, sources say
- Norfolk Southern is negotiating CEO Alan Shaw's exit, and the board is considering interim replacements, including the current chief financial officer, after finding the executive had a relationship with a subordinate, three sources familiar with the matter said on Wednesday.
- 09/11/2024
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Norfolk Southern board probe focusing on CEO's relationship with chief legal officer
- Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's chief legal officer. Norfolk's top lawyer, Nabanita Nag, is also corporate secretary and one of the board's primary points of contact.
- 09/11/2024
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Pick CSX Over Norfolk Southern Stock?
- Given its better valuation and prospects, we think CSX stock (NYSE: CSX) is a better pick than its peer – Norfolk Southern stock (NYSE: NSC). NSC stock trades at 21x forward expected earnings, versus 17x for CSX.
- 09/10/2024
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3-Stock Lunch: Palantir, Dell & Norfolk Southern
- Jay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
- 09/09/2024
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3 Dividend Paying Railroad Stocks You May Count On
- Here, we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 09/09/2024
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Norfolk Southern probing CEO over alleged inappropriate relationship
- In May, activist investor Ancora won three board seats at the railroad operator but failed to oust CEO Alan Shaw.
- 09/09/2024
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Norfolk Southern Investigates Misconduct Allegations Against CEO Alan Shaw
- Norfolk Southern (NSC) said Sunday that it is investigating allegations of misconduct against CEO Alan Shaw, and is working with outside legal counsel to determine whether Shaw did anything "inconsistent" with the company's code of ethics.
- 09/09/2024
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Norfolk Southern CEO Alan Shaw being investigated for potential misconduct
- Railroad operator Norfolk Southern said it retained a law firm to conduct and independent investigation of the allegations.
- 09/09/2024
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Statement regarding investigation of alleged misconduct
- ATLANTA , Sept. 8, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) acknowledges that its Board of Directors has opened an investigation into allegations of potential conduct by CEO Alan Shaw that is inconsistent with the company's Code of Ethics and company policy.
- 09/08/2024
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Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship
- Norfolk Southern's board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to people familiar with the matter. Shaw has been CEO of Norfolk Southern since 2022, and has faced down a toxic rail derailment and a contentious proxy fight in that time.
- 09/08/2024
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Norfolk Southern to present at Morgan Stanley Laguna Conference
- ATLANTA , Sept. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H.
- 09/06/2024
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Norfolk Southern reaches tentative collective bargaining agreements with all general committees representing SMART-TD
- Early agreements now cover nearly 65% of company's union workforce ATLANTA , Sept. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD).
- 09/04/2024
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Here's Why You Should Retain Norfolk Southern Stock Now
- Norfolk Southern's bottom line benefits from cost-cutting efforts. The shareholder-friendly approach is encouraging.
- 09/03/2024
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Norfolk Southern reaches tentative agreements with five more labor unions
- Norfolk Southern has reached tentative, five-year labor agreements with five unions, the U.S. railroad operator said on Friday, at a time when thousands of employees in the industry are negotiating for better pay and working conditions.
- 08/30/2024
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Norfolk Southern reaches tentative collective bargaining agreements with five additional labor unions
- Early agreements made with nine unions over the past two weeks cover approximately 55% of railroad's total union workforce ATLANTA , Aug. 30, 2024 /PRNewswire/ -- Ahead of the Labor Day holiday, which celebrates the achievements of American workers, Norfolk Southern Corporation (NYSE: NSC) is proud to announce it has reached tentative, five-year collective bargaining agreements with five labor unions in addition to the four announced last week. These nine agreements, which, together, cover approximately 55% of the company's unionized workforce, come four months before the opening of the next collective bargaining round, underscoring Norfolk Southern's commitment to provide prompt, meaningful enhancements to pay, health care, and time off for its dedicated craft railroaders.
- 08/30/2024
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Norfolk Southern (NSC) Inks Provisional Labor Deals With Unions
- The deals, on successful ratification, will make the concerned Norfolk Southern's (NSC) workers eligible for higher wages.
- 08/26/2024
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Norfolk Southern reaches agreements with four labor unions
- Norfolk Southern said on Friday it has reached tentative, five-year collective bargaining agreements with four labor unions.
- 08/23/2024
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Norfolk Southern reaches tentative collective agreements with four labor unions
- Agreements come months before next collective bargaining round, giving covered employees early assurances on significant future improvements to pay, health care, and vacation ATLANTA , Aug. 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC), in partnership with BNSF Railway, has reached tentative, five-year collective bargaining agreements with the Brotherhood of Railway Carmen Division/TCU (BRC), the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department (SMART-MD), and the Transportation Communications Union/IAM (TCU). Norfolk Southern also has reached tentative agreements with multiple General Committees for the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD).
- 08/23/2024
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2 Railroad Stocks With Solid Dividend Yield You May Count On
- Here we pick two railroad stocks, Union Pacific (UNP) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 08/23/2024
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Norfolk Southern Q2: This Freight Train Is On Track For Long-Term Returns
- Norfolk Southern's Q2 was mostly positive in my opinion, with the firm expanding operating income thanks to efficiency improvements at the railroad. The firm's ability to deliver real cost-savings and efficiency improvements in Q2 increases the credibility of their long-term target of an operating ratio below 60%. My base-case valuation suggests shares are fairly valued at present time, which, combined with margin expansion, suggests a long-term opportunity may be present in shares.
- 08/21/2024
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Norfolk Southern Names Jason Zampi Senior Vice President Finance & Treasurer
- ATLANTA , Aug. 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has promoted Jason A. Zampi to Senior Vice President Finance & Treasurer.
- 08/20/2024
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Norfolk Southern: Sit Back, Watch Buybacks Boost Shares
- Norfolk Southern is a freight railroad company operating in the eastern USA, shipping merchandise, intermodal units, and coal. The company faced a significant financial impact in 2023 due to a train derailment incident in Eastern Ohio, resulting in decreased net income. Norfolk Southern has a strong economic moat due to factors such as limited competition, barriers to land acquisition, and monopolist status, leading to high margins and returns on equity.
- 08/13/2024
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Comparing The 5 Publicly Traded Class I Railroad Companies
- Railroads in the US boomed in the 19th century but faced competition from automobiles and airlines, leading to mergers and consolidation in the industry. There are 5 Class I publicly traded railroads left today, each with high returns on equity, low debt, growing dividends, and ample return on capital. All are compound growers. The railroad business is a natural monopoly due to high capital costs and legal obstacles, resulting in low competition and stable profit margins.
- 08/08/2024
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Norfolk Southern assembles Transportation leadership to accelerate operational excellence
- Tim Livingston joins as Senior Vice President Transportation as COO John Orr establishes operations leadership team ATLANTA , Aug. 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has appointed three industry veterans with precision scheduled railroading (PSR) experience to lead its Transportation team, reporting to Chief Operating Officer John Orr. Tim Livingston joins Norfolk Southern as Senior Vice President Transportation and Network Operations.
- 08/07/2024
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Norfolk Southern names Anil Bhatt chief information and digital officer
- ATLANTA , Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) is elevating the power of technology and innovation to drive its transformative, balanced strategy as it brings onboard Anil Bhatt, a technology leader recognized for pioneering cutting-edge solutions to advance and shape the direction of enterprises. Bhatt will serve as executive vice president and chief information and digital officer, reporting to President and CEO Alan Shaw.
- 08/06/2024
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Norfolk Southern and ATDA initiate C3RS pilot program
- ATLANTA , Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) and the American Train Dispatchers Association (ATDA), in partnership with the Federal Railroad Administration (FRA), announced Tuesday their joint participation in the FRA's Confidential Close Call Reporting System (C3RS). This pilot program is designed to enhance communication and transparency to help improve railroad safety.
- 08/06/2024
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Norfolk Southern to make strategic investments in Alabama
- Significant capacity improvements will enhance critical rail corridor, open additional opportunities for statewide business and economic growth ATLANTA , Aug. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is investing to grow capacity on a key rail line in the state of Alabama, the 3B Corridor, which connects markets in northern and central Alabama to the Port of Mobile and destinations worldwide. The more-than $200 million investment positions the line to accommodate expected growth in several sectors as the Southeast progresses as an economic powerhouse for the US economy.
- 08/01/2024
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What's Next For Norfolk Southern Stock After A Q2 Earnings Beat?
- Norfolk Southern (NYSE: NSC) recently reported its Q2 results, with revenues missing but earnings comfortably above our estimates. The company reported revenue of $3.04 billion and earnings of $3.25 per share, compared to our estimates of $3.07 billion and $2.90, respectively.
- 07/31/2024
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Norfolk Southern Corporation Shareholders Are Encouraged By The Schall Law Firm To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/30/2024
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Betting Big: 3 Dividend Stocks My Family And I Are Buying Aggressively
- Market corrections happen under almost every president, and stock performance is not tied to political parties. Currently, inflation remains the key driver of market movements. Focus on undervalued opportunities in any market condition. Consistent investment in solid stocks is more effective than trying to time the market. Three key stocks in our portfolios demonstrate resilience and growth potential, offering a mix of dividend growth and value despite current market challenges.
- 07/30/2024
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6 Dividend Increases Expected In August 2024
- 6 Dividend Increases Expected In August 2024
- 07/30/2024
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Norfolk Southern Corporation Shareholders Are Invited By The Schall Law Firm To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/29/2024
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Norfolk Southern awards over 100 scholarships to team members' children
- Company's Thoroughbred Scholars Program has awarded over $1.4M since 2022 ATLANTA , July 29, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC ) announced the return of its Thoroughbred Scholars program, providing college scholarships to more than 100 children of Norfolk Southern employees. The program awards 100 scholarships for up to $10,000 over four years, along with three additional scholarships for distinguished students who will receive rewards of up to $40,000 over four years.
- 07/29/2024
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Norfolk Southern Stock Is Back In the Green This Year. Here's Why
- Norfolk Southern (NSC) shares soared Friday after the freight train operator posted better-than-expected profit as it cut costs and benefited from an insurance payment related to a 2023 derailment in East Palestine, Ohio.
- 07/26/2024
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Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/26/2024
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Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
- Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target.
- 07/26/2024
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Norfolk Southern (NSC) Stock Up Almost 7% on Q2 Earnings Beat
- Norfolk Southern's (NSC) second-quarter 2024 revenues benefit from strength across its Merchandise segment.
- 07/26/2024
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Norfolk Southern CEO on earnings guidance and East Palestine settlement
- Alan Shaw, Norfolk Southern CEO, joins 'Squawk on the Street' to discuss earnings, the aftermath of the East Palestine cleanup, and more.
- 07/26/2024
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Norfolk Southern Corporation (NSC) Q2 2024 Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Luke Nichols - Senior Director, IR Alan Shaw - President and CEO Mark George - EVP and CFO Ed Elkins - CMO John Orr - COO Conference Call Participants Tom Wadewitz - UBS Scott Group - Wolfe Research Ken Hoexter - Bank of America Jeff Kauffman - Vertical Research Partners Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Jon Chappell - Evercore ISI Brandon Oglenski - Barclays Ravi Shanker - Morgan Stanley Elliot Alper - TD Cowen Daniel Imbro - Stephens Incorporated Jordan Alliger - Goldman Sachs Walter Spracklin - RBC Capital Markets Stephanie Moore - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to Norfolk Southern Second Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
- 07/25/2024
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Norfolk Southern got more efficient in Q2 despite derailment settlement, shareholder fight
- Shares of Norfolk Southern Corp. rose after hours on Thursday, after the railroad operator reported second-quarter results that beat expectations and tightened up a key efficiency metric, as the company emerges from a fight with an activist shareholder and deals with the fallout from last year's derailment in Ohio.
- 07/25/2024
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Norfolk Southern (NSC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
- Although the revenue and EPS for Norfolk Southern (NSC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 07/25/2024
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Norfolk Southern (NSC) Q2 Earnings and Revenues Beat Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $2.95 per share a year ago.
- 07/25/2024
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Norfolk Southern reports second quarter 2024 results; reaffirms full-year adjusted operating ratio guidance
- ATLANTA , July 25, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Thursday its second quarter 2024 financial results. For the quarter, income from railway operations was $1.1 billion, the operating ratio was 62.8%, and diluted earnings per share were $3.25.
- 07/25/2024
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Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/25/2024
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Earnings Exchange: Digital Realty, Deckers Outdoor, & Norfolk Southern
- Ari Wald, Oppenheimer's head of technical analysis, joins CNBC's 'The Exchange' to discuss three stocks: Digital Realty, Deckers Outdoors, and Norfolk Southern.
- 07/25/2024
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Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/24/2024
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Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Participate In The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/23/2024
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Can These 4 Transportation Stocks Hit Q2 Earnings Targets?
- Investors interested in the Transportation stocks can watch out for second-quarter 2024 earnings reports of UNP, NSC, LUV and AAL, which are slated to be released on Jul 25.
- 07/23/2024
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What To Expect From Norfolk Southern's Q2?
- Norfolk Southern (NYSE: NSC) is scheduled to report its Q2 2024 results on Wednesday, July 24. We expect NSC stock to trade higher, with its revenue and earnings expected to be slightly above the street expectations.
- 07/23/2024
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Daily Dividend Report: Norfolk Southern, GM, Comcast, Crane, CMS
- Norfolk Southern announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 20, 2024, to shareholders of record on August 2, 2024.
- 07/23/2024
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Norfolk Southern Declares Quarterly Dividend
- ATLANTA , July 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 20, 2024, to shareholders of record on August 2, 2024.
- 07/23/2024
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Norfolk Southern Corporation Stakeholders Are Invited By The Schall Law Firm To Participate In The Probe
- LOS ANGELES, CA / ACCESSWIRE / July 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/19/2024
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The Schall Law Firm Welcomes Norfolk Southern Corporation Shareholders To Join The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/18/2024
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Earnings Preview: Norfolk Southern (NSC) Q2 Earnings Expected to Decline
- Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/18/2024
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Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Participate In The Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/17/2024
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What's in Store for Norfolk Southern (NSC) in Q2 Earnings?
- Norfolk Southern's (NSC) Q2 performance is likely to have been adversely impacted by high operating expenses and weak segmental performance.
- 07/17/2024
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Shareholders Are Invited By The Schall Law Firm To Join The Investigation Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/16/2024
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Dividend Bargains: 3 Terrific Dividend Growers I'm Buying
- Investing is serious business, where the power of compounding significantly impacts long-term gains. Small adjustments in returns can make a big difference. Current market challenges include high S&P 500 valuations, geopolitical risks, and varying sector performances. Yet, there are tremendous opportunities. I highlight three stocks with strong dividend growth, wide-moat business models, and robust balance sheets, each offering at least 10% annual returns.
- 07/16/2024
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The Schall Law Firm Invites Shareholders To Participate In The Investigation Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/15/2024
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Here's Why You Should Retain Norfolk Southern (NSC) Stock Now
- Norfolk Southern's (NSC) efforts to reduce carbon emissions are commendable. The shareholder-friendly approach is encouraging.
- 07/15/2024
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The Schall Law Firm Encourages Shareholders To Join The Probe Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/13/2024
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The Schall Law Firm Invites Shareholders To Participate In The Investigation Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/12/2024
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The Schall Law Firm Urges Stakeholders To Participate In The Probe Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/11/2024
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Norfolk Southern report highlights progress on sustainability, safety, innovation, employee and community engagement
- ATLANTA , July 11, 2024 /PRNewswire/ -- Norfolk Southern Corporation's (NYSE: NSC) latest "Forging a Better Tomorrow" report details the company's progress on advancing its first-ever Climate Transition Plan (CTP), enhancing safety, and investing in its communities. The annual report, covering 2023 through early 2024, highlights Norfolk Southern's contributions that foster a sustainable economic ecosystem with community benefits across its 22-state network and growth opportunities for its customers, including 27 million highway miles eliminated daily.
- 07/11/2024
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Norfolk Southern Endorses National Safety Policy Recommendations from the National Transportation Safety Board
- NTSB Chair visits Norfolk Southern headquarters to discuss company's progress on safety initiatives ATLANTA , July 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today endorsed the national safety policy recommendations made by the National Transportation Safety Board as part of the agency's investigation of the 2023 East Palestine derailment. The recommendations align with safety initiatives currently underway at the railroad designed around the principles of accident prevention, mitigation, and response.
- 07/10/2024
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8 Expected Dividend Increases In July 2024
- We are expecting 8 dividend stocks to announce dividend increases in July 2024. 2 Dividend Kings and 1 Dividend Aristocrat are featured in this list. 1 dividend stock has a ~20% five-year average dividend growth rate!
- 07/10/2024
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Stakeholders Are Encouraged By The Schall Law Firm To Join The Investigation Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/10/2024
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Turning Bullish On Norfolk Southern Ahead Of Earnings
- Norfolk Southern could be the best railroad investment in the next few years. Improving operating ratio and strong performance in key commodities indicate a potential recovery for Norfolk. Despite recent challenges, Norfolk's true multiples may be lower than they appear, creating an interesting opportunity for investors.
- 07/10/2024
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The Schall Law Firm Invites Stakeholders To Participate In The Norfolk Southern Corporation Investigation
- LOS ANGELES, CA / ACCESSWIRE / July 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/09/2024
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4 Stocks to Watch From the Prospering Railroad Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CNI, CP, CSX and NSC are well-poised to capitalize on the bullishness.
- 07/09/2024
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Shareholders Are Encouraged To Participate In The Probe Into Norfolk Southern Corporation Conducted By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/08/2024
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Shareholders Are Invited To Be Part Of The Probe Into Norfolk Southern Corporation Undertaken By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/07/2024
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Stakeholders Are Urged To Join The Investigation Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/06/2024
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Investors Are Encouraged To Participate In The Probe Into Norfolk Southern Corporation Conducted By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/05/2024
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The Schall Law Firm Welcomes Investors To Participate In The Probe Into Norfolk Southern Corporation
- LOS ANGELES, CA / ACCESSWIRE / July 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/03/2024
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Norfolk Southern to announce second quarter 2024 earnings results on July 25, 2024
- ATLANTA , July 3, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its second quarter 2024 financial results during a live conference call and internet webcast at 4:30 p.m. ET on Thursday, July 25, 2024.
- 07/03/2024
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Canadian National: Easing Comps, Growth Initiatives And Reasonable Valuation
- Canadian National: Easing Comps, Growth Initiatives And Reasonable Valuation
- 07/02/2024
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Investors Are Invited To Join The Investigation Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/02/2024
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Investors Are Welcomed To Engage In The Examination Of Norfolk Southern Corporation Supervised By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / July 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 07/01/2024
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Forget The S&P 500 - 3 Fantastic Dividend Stocks With Double-Digit Return Potential
- The S&P 500's first-half surge, driven by AI giants, poses diversification risks. Its concentration may lead to underperformance if the AI rally slows down. This tech-heavy market has left many great stocks undervalued. Identifying these opportunities is key to navigating potential future market shifts effectively. I've found three dividend stocks with strong potential and attractive valuations, offering a strategic way to diversify and capitalize on market imbalances.
- 07/01/2024
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Investors Are Requested To Be Part Of The Inquiry Into Norfolk Southern Corporation Directed By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/30/2024
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Investors Are Encouraged To Participate In The Investigation Into Norfolk Southern Corporation Headed By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/29/2024
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Investors Are Encouraged To Participate In The Investigation Into Norfolk Southern Corporation Conducted By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/28/2024
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Stakeholders Are Given The Chance To Join The Investigation Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/27/2024
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Investors Are Invited To Join The Probe Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/26/2024
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NSC Alert: Monsey Law Firm of Wohl & Fruchter Renews Investigation of Officers and Directors of Norfolk Southern Corporation for Potential Violations of Delaware Law In Connection With Train Derailment
- MONSEY, N.Y., June 26, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into whether the officers and directors of Norfolk Southern Corporation (NYSE: NSC) (“NSC”) breached their fiduciary duties under Delaware law in connection with the fiery train derailment in East Palestine, Ohio, on February 3, 2023, that spewed toxic chemicals into the surrounding communities.
- 06/26/2024
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NSC Investors Have the Opportunity to Join Investigation of Norfolk Southern Corporation with the Schall Law Firm
- LOS ANGELES , June 26, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE: NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/26/2024
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Norfolk Southern Safety Enhancements Align with NTSB East Palestine Final Recommendations
- Vent and burn recommendation based on several factors indicating strong possibility of catastrophic, uncontrolled explosion threatening health and safety of the community and first responders ATLANTA , June 25, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) issued the following statement regarding the findings of the National Transportation Safety Board (NTSB) on the derailment in East Palestine, Ohio: Norfolk Southern appreciates the NTSB's investigation, recommendations for enhancing rail safety and the acknowledgement of the steps Norfolk Southern has taken to improve safety. We share the commitment and over the last 16 months have implemented many enhancements and technologies to make our railroad even safer.
- 06/25/2024
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Norfolk Southern botched decision to blow open vinyl chloride cars after train derailment, NTSB says
- EAST PALESTINE, Ohio — Norfolk Southern and its contractors botched the decision to blow open five vinyl chloride tank cars after last year's disastrous train derailment in East Palestine, Ohio, and trackside detectors that might have prevented the crash failed to accurately detect the temperature of a burning wheel bearing 20 miles beforehand, according to the National Transportation Safety Board.
- 06/25/2024
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Investors Are Given The Chance To Be Involved In The Probe Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/25/2024
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Norfolk Southern Substantially Addresses the Federal Railroad Administration's 2023 Safety Culture Assessment Recommendations
- ATLANTA , June 24, 2024 /PRNewswire/ -- Less than a year after the issuance of the assessment, Norfolk Southern Corporation (NYSE: NSC) has implemented measures to address the Federal Railroad Administration's (FRA) recommendations from its 2023 Safety Culture Assessment. The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums.
- 06/24/2024
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Stakeholders Have The Opportunity To Participate In The Investigation Into Norfolk Southern Corporation Conducted By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/24/2024
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The Schall Law Firm Is Leading An Investigation Into Norfolk Southern Corporation And NSC Shareholders Are Invited To Participate
- LOS ANGELES, CA / ACCESSWIRE / June 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/23/2024
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NSC Stakeholders Have The Chance To Be Part Of The Investigation Into Norfolk Southern Corporation Led By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/22/2024
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Investors In NSC Can Participate In The Norfolk Southern Corporation Probe Conducted By The Schall Law Firm
- LOS ANGELES, CA / ACCESSWIRE / June 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/21/2024
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Norfolk Southern to Establish Vent & Burn Workgroup
- ATLANTA , June 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will convene a Vent and Burn Workgroup to integrate key learnings for the betterment of any future scenario where a vent and burn may be necessary. The Workgroup, which is an element of Norfolk Southern's recent settlement with the Department of Justice and Environmental Protection Agency, will be composed of leaders from across stakeholder groups who have a role to play in responding to rail accidents.
- 06/21/2024
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NSC Investors Have the Opportunity to Join Investigation of Norfolk Southern Corporation with the Schall Law Firm
- LOS ANGELES , June 20, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE: NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
- 06/20/2024
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NSC Investors Have the Opportunity to Join Investigation of Norfolk Southern Corporation with the Schall Law Firm
- LOS ANGELES--(BUSINESS WIRE)--NSC Investors Have the Opportunity to Join Investigation of Norfolk Southern Corporation with the Schall Law Firm.
- 06/20/2024
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Midyear report: Norfolk Southern advancing safety
- Company is progressing on Six-Point Safety Plan, collaborating with unions, and implementing feedback from independent safety consultant ATLANTA , June 17, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) released a 2024 Midyear Safety Report, highlighting substantial advancements to enhance railroad safety. Norfolk Southern is committed to keeping our employees and communities safe.
- 06/17/2024
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3 Railroad Stocks With Solid Dividend Yield You May Count On
- Here, we selected three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 06/14/2024
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Here's Why Investors Should Retain Norfolk Southern (NSC) Now
- A reduction in the mainline accident rate is a positive for Norfolk Southern (NSC). However, weakness pertaining to freight demand is a major headwind.
- 06/10/2024
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Huge Insider Buying at a Software Giant, Railroad Operator, and More
- 24/7 Insights In the past week, insiders scooped up shares of a software giant and a leading railroad operator.
- 06/09/2024
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NSC Alert: Monsey Law Firm of Wohl & Fruchter LLP Investigating Officers and Directors of Norfolk Southern Corporation for Potential Violations of Delaware Law In Connection With Train Derailment
- MONSEY, N.Y., June 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the officers and directors of Norfolk Southern Corporation (NYSE: NSC) (“NSC”) breached their fiduciary duties under Delaware law in connection with the fiery train derailment in East Palestine, Ohio, on February 3, 2023, that spewed toxic chemicals into the surrounding communities.
- 06/07/2024
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Norfolk Southern Corporation Investor Alert Update (NYSE: NSC): Schubert Jonckheer & Kolbe LLP Investigating Potential Claims Against the Company's Officers and Directors Following $310 Million Settlement with the DOJ and EPA
- SAN FRANCISCO , May 30, 2024 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Norfolk Southern Corporation investors that the firm is investigating potential legal claims arising from the February 3, 2023 train derailment in East Palestine, Ohio and potential wrongdoing among certain of Norfolk Southern's officers and directors. Current shareholders are encouraged to contact the firm regarding their rights.
- 05/30/2024
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Norfolk Southern names Claude Mongeau chair of the board of directors
- Francesca A. DeBiase to serve as chair of Governance and Nominating Committee Richard H.
- 05/28/2024
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Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
- Norfolk Southern has agreed to pay $310 million to settle charges over the East Palestine, Ohio, train derailment that occurred in February 2023, with the majority of that going to cleanup costs. The company will pay a $15 million fine for alleged violations of the Clean Water Act as part of the federal settlement.
- 05/23/2024
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Norfolk Southern agrees to settlement of more than $300 million with federal government over East Palestine, Ohio, derailment
- Norfolk Southern Corp. has reached an agreement with the U.S. Department of Justice, the U.S. Environmental Protection Agency, and the U.S. Department of the Interior to resolve all their claims and investigations relating to last year's derailment of one of the company's trains in East Palestine, Ohio.
- 05/23/2024
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Norfolk Southern Settles Government's Ohio Derailment Probe
- Norfolk Southern has agreed to pay hundreds of millions of dollars to resolve the federal government's investigation into the February 2023 train derailment in East Palestine, Ohio.
- 05/23/2024
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Norfolk Southern reaches agreement to resolve federal East Palestine derailment claims and investigations
- Agreement establishes long-term health monitoring and mental health services for residents and first responders, codifies rail safety improvements, and recognizes Norfolk Southern's extensive community investments ATLANTA , May 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has reached an agreement on a consent decree with the U.S. Department of Justice (DOJ), U.S. Environmental Protection Agency (EPA), and U.S. Department of the Interior (DOI) to resolve all their claims and investigations arising from the derailment in East Palestine, Ohio. The agreement, which is subject to court approval, builds on the significant financial commitments that the company has already made toward environmental remediation, community-based programs, and safety-related enhancements.
- 05/23/2024
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Which Is A Better Pick – Norfolk Southern Or Snowflake Stock?
- We think Norfolk Southern stock (NYSE: NSC) and Snowflake stock (NYSE: SNOW) will offer similar returns in the next three years. Although these companies are from different sectors, they share similar market capitalizations of $50-55 billion.
- 05/20/2024
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Norfolk Southern to present at Wolfe 17th Annual Global Transportation and Industrials Conference
- ATLANTA , May 17, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr will make a presentation at the Wolfe 17th Annual Global Transportation and Industrials Conference. Details on joining the presentation follow below.
- 05/17/2024
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Norfolk Southern welcomes new board members, reiterates commitment to shareholders
- Certified results of 2024 Annual Meeting of Shareholders confirm newly constituted board Board of directors committed to working collaboratively, engaging with shareholders as it charts A Better Way for Norfolk Southern ATLANTA , May 15, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Wednesday that the voting results of its Annual Meeting of Shareholders have been certified by an independent Inspector of Elections. The certified results confirm that shareholders have elected Richard H.
- 05/15/2024
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What next for Norfolk Southern after split decision in board battle with Ancora?
- Activist investor Ancora Holdings Group's attempt to gain control of Norfolk Southern Corp.'s board resulted in three of its seven nominees gaining seats on the 13-member board at the railroad operator's annual shareholder meeting Thursday.
- 05/13/2024
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Norfolk Southern shares down 3.2% after shareholders' split decision in board battle
- Shares of Norfolk Southern Corp. are down 3.2% Thursday after a preliminary count of shareholder votes indicated a split decision in the keenly-fought battle for control of the company's board.
- 05/09/2024
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Norfolk Southern announces shareholders have elected 10 of 13 of the company's director nominees
- Results reflect support for leadership team and strategy ATLANTA , May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy solicitor indicates that its shareholders have voted to elect 10 of Norfolk Southern's director nominees at the 2024 Annual Meeting of Shareholders, including: Richard H. Anderson, former CEO of Amtrak and Delta Air Lines Philip S.
- 05/09/2024
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Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO
- Norfolk Southern shareholders elected three of Ancora's seven director nominees, Ancora Alternatives president Jim Chadwick said Thursday.
- 05/09/2024
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Ancora to win board representation at Norfolk Southern
- Norfolk Southern Corp (NYSE: NSC) is in focus this morning following a report that Ancora Holdings is close to winning board representation at the freight railroad operator.
- 05/09/2024
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Norfolk Southern Shareholders Vote Thursday to Keep or Fire CEO
- Chief Executive Alan Shaw says the proxy fight is about the future of the railroad industry.
- 05/09/2024
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Norfolk Southern Annual Meeting - Vote before May 9 to protect the value of your investment
- Shareholders' decision will determine the future of Norfolk Southern Norfolk Southern strongly urges shareholders to vote the WHITE proxy card FOR ONLY Norfolk Southern's 13 highly skilled director nominees ATLANTA , May 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Tuesday reminded shareholders to protect the value of their investment by voting ahead of the 2024 Annual Meeting, which will be held on May 9, 2024. Norfolk Southern recommends all shareholders vote the WHITE proxy card electronically FOR ONLY Norfolk Southern's 13 nominees.
- 05/07/2024
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Norfolk Southern's strategy and team continue to be praised by customers and industry associations
- Key partners voice unwavering support for Norfolk Southern's management team and balanced strategy ATLANTA , May 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Tuesday highlighted additional support from key customers and industry associations – including Hub Group, Inc., American Short Line & Regional Railroad Association, CONSOL Energy Inc., and others. Their strong backing underscores the company's balanced strategy, driven by the decisive leadership of CEO Alan Shaw and guided by the Norfolk Southern board, is the best path to drive long-term value for shareholders and deliver reliable, resilient service.1 "Hub Group continues to value its long-term partnership with Norfolk Southern that allows us collectively to deliver a cost-effective, environmentally sensitive intermodal service offering to shippers throughout the eastern United States.
- 05/07/2024
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Key regulators express support for Norfolk Southern's leadership and strategy, and concerns with Ancora's plan
- U.S. Department of Transportation and Surface Transportation Board recognize the importance of Norfolk Southern's safety-driven and service-oriented culture Warn Ancora's plan would put safety and service at substantial risk ATLANTA , May 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Monday shared statements from the U.S. Department of Transportation (DOT) and the Surface Transportation Board (STB) expressing support for Norfolk Southern's leadership and strategy in driving improvements across safety, performance, and service.[1] In a May 3 rd letter from the DOT to President and Chief Executive Officer Alan Shaw, Allison Dane Camden, Principal Deputy Assistant Secretary for Multimodal Freight Infrastructure and Policy, stated: "Norfolk Southern's progress toward meeting key safety performance indicators is encouraging and demonstrates your leadership and the commitment of all of NS's hard-working employees.
- 05/06/2024
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Norfolk Southern customers: we support the company and its strategy
- Energy and Bulk customers share their strong support of CEO Alan Shaw and management team Express concerns that Ancora's plan would hinder and interrupt service for their businesses ATLANTA , May 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Monday shared recent support from multiple key customers, including Lincoln Energy Solutions and Centennial Energy, which underscore that the company's balanced strategy under the decisive leadership of CEO Alan Shaw is taking hold and delivering a safer, more efficient railroad:1 Lincoln Energy Solutions CEO Larry Burgamy, Jr. stated: "As a growing partner, investor and shipper, Lincoln emphatically supports without question Alan Shaw, the Norfolk Southern management team and its strategies. Recent activist statements are disturbing and hold no merit to a disruptive suggestion of management change.
- 05/06/2024
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Ancora Issues Letter to Norfolk Southern's Board to Refute False and Unsupported Claims, Including Those Regarding Railway Labor Act Violations and “Vote Buying” from Labor
- CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today issued the below letter to the Board of Directors (the “Board”) of Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), focusing on topics that include recent public statements from CEO Alan Shaw, Board Chair Amy Miles and Corporate Governance Committee Chairperson Jennifer Scanlon about the firm's engagement with the Brotherhood of Locomotive E.
- 05/06/2024
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In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
- Egan-Jones is the latest proxy advisory firm to step into the board battle between activist investor Ancora Holdings Group and railroad operator Norfolk Southern Corp.
- 05/03/2024
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Jim Barber, Former UPS COO and Member of Ancora's Slate, Sends Letter to Norfolk Southern Shareholders Ahead of May 9th Annual Meeting
- CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter from James Barber, Jr., who is one the seven unaffiliated and qualified candidates the firm is seeking to elect to the Company's 13-member Board of Directors (the “Board”) at the Annual Meeting of Shareholders (the “Annual Meeting”) o.
- 05/03/2024
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All Three Leading Independent Proxy Advisory Firms Recommend Norfolk Southern Shareholders Vote “FOR” Significant Boardroom Change on the BLUE Proxy Card
- CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today announced that all three independent proxy advisory firms – Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co. (“Glass Lewis”), and Egan-Jones Ratings Company (“Egan-Jones”) – have now recommended that Norfolk Southern shareholders vote.
- 05/03/2024
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General Chairmen of the Brotherhood of Locomotive Engineers and Trainmen, Representing Members at Norfolk Southern, Address CEO Alan Shaw's “Unfounded and Desperate” Attacks on Labor Discussions
- INDEPENDENCE, Ohio--(BUSINESS WIRE)--The three Brotherhood of Locomotive Engineers and Trainmen (“BLET”) General Chairmen (Scott Bunten, Dewayne Dehart, and Jerry Sturdivant), who are affiliated with the International Brotherhood of Teamsters and represent members at Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern”), issued the following statement: “Norfolk Southern CEO Alan Shaw is falsely accusing Ancora and two out of the three largest rail unions – the BLET and the BMWED, who co.
- 05/02/2024
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ISS says unions and pension funds should back Norfolk Southern activist investor
- ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, ISS said on Thursday.
- 05/02/2024
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Norfolk Southern touts progress and slams activist Ancora's ‘reckless' plan in board battle
- Norfolk Southern Corp. touted the company's progress and took aim at activist investor Ancora Holdings Group in a letter sent to shareholders Wednesday.
- 05/01/2024
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Norfolk Southern highlights progress, long-term plan to drive shareholder value
- Significant momentum underway in key operational metrics including train speed, terminal dwell, Intermodal on-time service and Merchandise velocity Strong management and board oversight in place to meet company objectives Norfolk Southern urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today ATLANTA , May 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Wednesday sent a letter to shareholders in connection with its Annual Meeting of Shareholders on May 9, 2024. In the letter the company highlighted: Norfolk Southern's balanced strategy is delivering superior long-term upside for shareholders.
- 05/01/2024
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Norfolk Southern: On Track For Long-Term Outperformance, But Shares Are Fairly Valued (Downgrade)
- Norfolk Southern's Q1 results were lacklustre due to the impact one-off costs and a lack of top-line growth had on net income. Nevertheless, much of Norfolk's revenue weakness is tied to a soft macroeconomic environment rather than inherent business weaknesses at the railroad. Norfolk still faces risk from market cyclicality, operational safety issues, and competition from other railroads and trucking.
- 05/01/2024
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Proxy-advisory firm ISS steps into Norfolk Southern's board battle with activist Ancora
- Influential proxy-advisory firm Institutional Shareholder Services has entered Norfolk Southern Corp.'s intensifying board battle with activist investor Ancora Holdings Group.
- 04/30/2024
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ISS endorses most of Ancora nominees for Norfolk Southern board
- ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
- 04/30/2024
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Norfolk CEO: Believe Ancora is violating the Railway Labor Act
- Norfolk Southern CEO Alan Shaw joins 'Closing Bell Overtime' to discuss the ongoing fight with Ancora and respond to proxy advisor firm Glass Lewis siding with the activists ahead of the May 9th vote. Plus, Shaw updates on the progress the railroad is making on its operations to its operating ratio.
- 04/29/2024
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Activist investors trying to take control of Norfolk Southern pick up key support
- The activist investors trying to take control of Norfolk Southern's board are picking up key support, but the railroad's CEO promised Monday to fight the takeover attempt until a May 9 shareholder vote because he believes his strategy is the best in the long run for investors, customers and workers.
- 04/29/2024
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War of words over Norfolk Southern's board battle intensifies as railroad slams activist Ancora's labor negotiation
- The war of words in the board battle between Norfolk Southern Corp. and Ancora Holdings Group intensified Monday after the activist investor clinched the support of the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters.
- 04/29/2024
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Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
- Norfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisor firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
- 04/29/2024
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Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
- The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.
- 04/25/2024
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Norfolk Southern (NSC) Q1 Earnings, Revenues Miss, Fall Y/Y
- Norfolk Southern's (NSC) first-quarter 2024 results are hurt by segmental weakness and high costs.
- 04/24/2024
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Norfolk Southern says Baltimore bridge collapse's cost is more than $25 million per month
- Norfolk Southern Corp. is seeing some pressure in its coal business following the collapse of the Francis Scott Key Bridge in Baltimore last month, the railroad operator said Wednesday.
- 04/24/2024
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Norfolk Southern Corporation (NSC) Q1 2024 Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q1 2024 Earnings Conference Call April 24, 2024 8:45 AM ET Company Participants Luke Nichols - Senior Director, Investor Relations Alan H. Shaw - President and CEO Mark R.
- 04/24/2024
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Compared to Estimates, Norfolk Southern (NSC) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Norfolk Southern (NSC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/24/2024
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What's in Store for These 5 Transportation Stocks in Q1 Earnings?
- Let's focus on transportation stocks like UPS, NSC, UNP, LUV and AAL, which are scheduled to release first-quarter 2024 earnings shortly.
- 04/22/2024
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Seeking Clues to Norfolk Southern (NSC) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Besides Wall Street's top -and-bottom-line estimates for Norfolk Southern (NSC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
- 04/19/2024
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Norfolk Southern fires back at activist Ancora as proxy fight intensifies
- Norfolk Southern Corp. has fired back at activist investor Ancora Holdings Group amid the intensifying proxy fight over the railroad operator.
- 04/19/2024
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Activist Investor Ancora on its case for a new CEO, board at Norfolk Southern
- Morgan Brennan sits down with James Chadwick, Ancora Alternatives president, and Jim Barber, former UPS COO--Ancora's pick to become Norfolk Southern's next CEO--to talk the proxy fight, the aftermath of the 2022 East Palestine derailment and their calls for change at Norfolk Southern.
- 04/18/2024
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Analysts Estimate Norfolk Southern (NSC) to Report a Decline in Earnings: What to Look Out for
- Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/17/2024
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What's in Store for Norfolk Southern (NSC) in Q1 Earnings?
- Norfolk Southern's (NSC) Q1 bottom line is likely to have been hurt by high-labor costs following the recent labor negotiations.
- 04/17/2024
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CSX's Dividend Payouts Boost Prospects Amid Cost Concerns
- CSX's shareholder rewards and coal revenue boost are commendable. However, intermodal challenges and high operating costs persist as hurdles.
- 04/11/2024
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Norfolk Southern's revenue will take a Baltimore bridge hit. This is what it means for CSX.
- The shockwaves from the collapse of the Francis Scott Key Bridge in Baltimore continue to reverberate through the rail industry.
- 04/10/2024
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Norfolk Southern to pay $600M in Ohio derailment settlement
- Norfolk Southern (NSC) announced on Tuesday that the company will pay $600 million to settle the East Palestine, Ohio train derailment lawsuit. The judge presiding over the case must give final approval before the settlement is resolved.
- 04/09/2024
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Norfolk Southern Reaches $600 Million Settlement Over 2023 Derailment
- Shares of Norfolk Southern (NSC) moved higher in intraday trading Tuesday after the railway company announced a $600 million settlement that could resolve class-action litigation over the Feb. 2023 train derailment in East Palestine, Ohio.
- 04/09/2024
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Norfolk Southern paying $600M to settle Ohio train derailment lawsuit
- The train caught fire and released more than a million gallons of hazardous materials and pollutants, sparking concerns abut US rail safety.
- 04/09/2024
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Norfolk Southern Agrees to $600 Million Ohio Derailment Settlement
- If approved by the court, the agreement will resolve all class-action claims within a 20-mile radius from the East Palestine derailment in February 2023.
- 04/09/2024
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Norfolk Southern agrees to pay $600m for Ohio toxic train derailment
- Company says settlement will resolve all class action claims within 20-mile radius from February 2023 derailment
- 04/09/2024
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Norfolk Southern Settles East Palestine Derailment Lawsuit For $600 Million
- Norfolk Southern will pay $600 million to settle a class-action lawsuit related to last year's train derailment in East Palestine, Ohio, the company announced Tuesday, following complaints from residents who said they were affected by the incident after hazardous chemicals leaked into the nearby water, air and soil.
- 04/09/2024
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Norfolk Southern to Pay $600 Million Settlement for Train Derailment
- In February 2023, a Norfolk Southern train derailed in East Palestine, Ohio, that released vinyl chloride into the environment.
- 04/09/2024
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Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies
- Ancora's two-month fight with Norfolk Southern took another turn on Friday, when the firm publicized allegations of past misconduct on behalf of the new COO.
- 04/05/2024
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Norfolk Southern to announce first quarter 2024 earnings results on April 24, 2024
- ATLANTA , April 5, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its first quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 24, 2024.
- 04/05/2024
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Here's Why Norfolk Southern (NSC) Can Grace Your Portfolio
- Norfolk Southern's (NSC) dedication to rewarding shareholders despite challenges is commendable. However, declining revenues, a worsening operating ratio and elevated labor costs are major headwinds.
- 04/03/2024
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Norfolk Southern (NSC) Purchases Great Lakes Reload property
- By purchasing the GLR property in Chicago, Norfolk Southern (NSC) aims to enhance freight transportation services and access to new markets.
- 04/03/2024
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This railroad operator is most impacted by the Baltimore bridge collapse
- As experts weigh the impact of the Francis Scott Key Bridge collapse in Baltimore, CSX Corp. is the most affected among major North American railroad operators, according to analysts.
- 04/02/2024
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Norfolk Southern calls on shareholders to reject activist investor's takeover bid
- Norfolk Southern Corp. has urged shareholders to get behind the company's management team to fight an activist investor's takeover bid and its calls for the ouster of the railroad operator's CEO, Alan Shaw.
- 04/02/2024
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Norfolk Southern CEO: We have offered board seats to activist investor
- 'Mad Money' host Jim Cramer sits down with Norfolk Southern CEO Alan Shaw to discuss the ongoing proxy battle led by Ancora Holdings.
- 03/27/2024
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Ship Happens - Decoding The Baltimore Accident And Potential Trading Ideas
- The Francis Scott Key Bridge in Baltimore was struck by a cargo ship, causing significant damage and loss of life. The accident has disrupted major supply chains, particularly in maritime transportation and the traffic situation in the Baltimore area. Automotive companies are finding alternative shipping routes, while coal exporters are facing a shutdown of coal exports for at least six weeks.
- 03/27/2024
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Norfolk Southern (NSC) Announces New Executive VP and COO
- Norfolk Southern (NSC) announces the appointment of John Orr as its executive vice president and chief operating officer.
- 03/25/2024
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Here's Why Investors Should Give Norfolk Southern (NSC) a Miss
- Revenue woes, a declining operating ratio and rising labor costs pose challenges for Norfolk Southern (NSC).
- 03/19/2024
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This ‘greatest job in America' can pay $200,000 a year and typically more — but you probably can't get it
- Despite the many efforts to improve corporate governance at U.S. companies over the past two decades, many corporate boards are still comprised of a clubby group of directors who are independent in title only.
- 03/09/2024
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The Top 7 Transportation Stocks to Buy in March 2024
- There are some top transportation stocks to buy for March this year. Despite the allure of sexy stocks like Nvidia (NASDAQ: NVDA ) or Palantir (NYSE: PLTR ) taking up much of the air time in the financial media, these companies are solid options that have recently entered into buying zones.
- 03/07/2024
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Wall Street Brunch: Will Jobs Strength Persist?
- Wall Street Brunch: Will Jobs Strength Persist?
- 03/03/2024
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Warren Buffett Just Issued a Dire Warning for These 2 "Bulletproof" Sectors
- Warren Buffett lamented two of his largest investments in this year's annual letter. The admission was somewhat shocking, given that these businesses make up significant portions of Berkshire's operating earnings.
- 03/03/2024
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Norfolk Southern freight train cars derail in Pennsylvania
- A Norfolk Southern freight train derailed in Pennsylvania, spilling oil into a nearby river and plastic pellets, though no injuries have been reported.
- 03/02/2024
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Activist Showdown: An Opportunity To Reassess Norfolk Southern's Trajectory
- Activist Showdown: An Opportunity To Reassess Norfolk Southern's Trajectory
- 02/29/2024
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Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
- Ancora is seeking to oust Norfolk Southern CEO Alan Shaw in a proxy fight, and bigwig politicians are lining up on either side of the battle.
- 02/27/2024
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Activist Group Calls for Norfolk Southern (NSC) Board Revamp
- Ancora Holdings aims to replace Norfolk Southern's (NSC) current CEO, Alan Shaw, with Jim Barber.
- 02/21/2024
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Ancora's activist strategy: Why the firm is targeting Norfolk Southern
- CNBC's Leslie Picker and James Chadwick, Ancora president of alternatives, join 'Squawk Box' to discuss the firm's activist stake in Norfolk Southern, why Ancora is targeting the railroad company, and more.
- 02/20/2024
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Norfolk Southern to present at Citi 2024 Global Industrial Tech and Mobility Conference
- ATLANTA , Feb. 16, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Citi 2024 Global Industrial Tech and Mobility Conference.
- 02/16/2024
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Activist Ancora may turn to a reliable tactic to enhance value at Norfolk Southern
- There is no need for Ancora Advisors to reinvent the wheel at Norfolk Southern. Activists have used a key strategy at a slate of railways.
- 02/10/2024
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A Look at Transport ETFs Post Uninspiring Q4 Earnings
- The fourth-quarter earnings picture for the transportation sector has been unimpressive. Let's take a look at transport ETFs.
- 02/07/2024
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The Score: Meta Platforms, Norfolk Southern, Exxon Mobil and More Stocks That Defined the Week
- Here are some of the major companies whose stocks moved on the week's news.
- 02/02/2024
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S&P 500 Gains and Losses Today: Activist Interest Boosts Norfolk Southern, Etsy
- Major U.S. equities indexes advanced on Thursday, changing course from declines the previous day after the Federal Reserve held interest rates steady and suggested an uncertain path toward widely anticipated rate cuts. Earnings reports remained in focus, with three of the "Magnificent Seven" tech firms set to release results Thursday afternoon.
- 02/01/2024
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Three-Stock Lunch: Merck, Norfolk Southern and Boot Barn
- Jerry Castellini, CastleArk Management CIO, joins 'Power Lunch' to discuss his investing take on three stocks: Merck, Norfolk Southern, and Boot Barn.
- 02/01/2024
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Norfolk Southern stock on pace for biggest gain since 2020 on report of investor-led shakeup — but one analyst notes skepticism
- Shares of railroad giant Norfolk Southern Corp. on Thursday were on pace for their biggest percentage gain in nearly four years, after a report claiming an investor group is looking to take over the company's board and unseat its chief executive.
- 02/01/2024
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3 Stocks Making Outsized Moves This Afternoon
- ChargePoint Holdings Inc (NYSE:CHPT), Norfolk Southern Corp (NSE:NSC), Peloton Interactive Inc (NASDAQ:PTON) are all staging large swings today.
- 02/01/2024
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Ancora-Led Group Takes Aim at Norfolk Southern, Pushes to Oust CEO Shaw
- Investors have a $1 billion stake in the railroad operator and plan a fight for board control.
- 01/31/2024
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Norfolk Southern Corporation (NSC) Q4 2023 Earnings Call Transcript
- Norfolk Southern Corporation (NSC) Q4 2023 Earnings Call Transcript
- 01/26/2024
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Norfolk Southern (NSC) Q4 Earnings & Revenues Lag, Stock Falls
- Norfolk Southern's (NSC) operating expenses increase 10% year over year in Q4.
- 01/26/2024
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Norfolk Southern (NSC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Norfolk Southern (NSC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 01/26/2024
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Norfolk Southern (NSC) Q4 Earnings and Revenues Miss Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $2.83 per share, missing the Zacks Consensus Estimate of $2.90 per share. This compares to earnings of $3.42 per share a year ago.
- 01/26/2024
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Norfolk Southern books $150 million charge for Ohio incident, and stock drops after profit falls below forecasts
- Shares of Norfolk Southern Corp. NSC, +0.33% dropped 0.8% in premarket trading Friday, after the rail operator missed fourth-quarter profit that fell below forecasts. Net income came in at $527 million, or $2.32 a share, down from $790 million, or $3.42 a share, in the year-ago period.
- 01/26/2024
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Norfolk Southern to reduce non-union workforce by 7%
- Freight railroad Norfolk Southern NSC, +0.33% said in a staff memo Thursday that it is laying off 7% of its non-union workforce amid a tough freight cycle.
- 01/25/2024
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Countdown to Norfolk Southern (NSC) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
- Besides Wall Street's top -and-bottom-line estimates for Norfolk Southern (NSC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
- 01/23/2024
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Is a Beat in Store for Norfolk Southern (NSC) in Q4 Earnings?
- Norfolk Southern's (NSC) fourth-quarter 2023 revenues are expected to have been weighed down by segmental weakness.
- 01/19/2024
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Analysts Estimate Norfolk Southern (NSC) to Report a Decline in Earnings: What to Look Out for
- Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/19/2024
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Strength Seen in Norfolk Southern (NSC): Can Its 3.6% Jump Turn into More Strength?
- Norfolk Southern (NSC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 01/19/2024
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Here's Why Investors Should Hold Norfolk Southern (NSC) Now
- Investor-friendly steps and solid liquidity boost Norfolk Southern (NSC).
- 01/12/2024
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Norfolk Southern to announce Q4 2023 earnings results on January 26, 2024
- ATLANTA , Jan. 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its fourth quarter 2023 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Friday, January 26, 2024.
- 01/10/2024
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2 Railroad Stocks With Solid Dividend Yield You May Count On
- Here we present two railroad stocks, Union Pacific (UNP) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 01/03/2024
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Building Wealth With Norfolk Southern: Why I'm Buying More In 2024
- Norfolk Southern has underperformed the S&P 500 this year due to its focus on intermodal shipping and a costly derailment. Recent economic developments and opportunities in the intermodal industry may pave the way for long-term growth for Norfolk Southern. The company's commitment to regaining market share from the trucking industry, collaborations with other railroads, and its role in the EV market make it an attractive investment option.
- 12/28/2023
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Here's why Washington Crossing's Kevin Caron favors Texas Instruments and Norfolk Southern
- Kevin Caron, senior portfolio manager at Washington Crossing Advisors, joins 'Power Lunch' to discuss the market and his 2024 playbook.
- 12/21/2023
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Norfolk Southern stock rises after BofA upgrades railroad to buy
- Norfolk Southern Corp.'s stock NSC, +1.43% was up by 2.2% in premarket trading on Friday after BofA analyst Ken Hoexter upgraded the rail transport company to buy from neutral and raised the firm's price target to $248 a share from $204 a share. “NS has demonstrated faster service gains than we expected, following two network outages in 2H (Aug 28 IT infrastructure failure and Sept.
- 12/01/2023
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Here's Why Investors Should Avoid Norfolk Southern (NSC) Now
- Low revenues, supply-chain woes and high labor costs are hurting Norfolk Southern's (NSC) prospects.
- 11/30/2023
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Norfolk Southern: All Aboard This Buy-And-Hold Freight Train
- Norfolk Southern is a Class I railroad operator in the U.S. with a wide range of revenue streams in the transport of intermodal freight and other cargo. The company has a wide economic moat due to its large rail network and established market position in the Eastern United States. Norfolk Southern has historically shown strong financial performance along with a newfound desire for operational excellence.
- 11/23/2023
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Norfolk Southern: All Aboard This Superb Dividend Growth Stock
- Alongside trucking companies, railroad operators form the backbone of what keeps U.S. logistics running smoothly. A softening economy and the tragic East Palestine, Ohio incident weighed on Norfolk Southern's third-quarter operating results. The railway operator possesses a BBB+ credit rating from S&P on a stable outlook.
- 11/21/2023
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3 Dividend Stocks with Strong Growth Potential in Q4
- If this is the beginning of a broader market rally, many short-term investors may shift away from dividend stocks. After a year or more of playing defense, it makes sense that risk-tolerant traders and investors will want to consider equities with more upside.
- 11/12/2023
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Norfolk Southern to present at the Stephens Annual Investment Conference
- ATLANTA , Nov. 10, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan Shaw will address the Stephens Annual Investment Conference. Details on listening to the event follow below.
- 11/10/2023
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Dividend Stock Watch List: Lanny's November 2023 Edition
- Dividend investing happens, whether the stock market is up or down, whether the fed raises interest rates or lowers, inflation or deflation. UPS is projecting to earn between $85 billion to $100 billion in revenue, just large amounts, even during a tough year that we have all been through. NSC is down 25% this year, the stock is at/near the 52 week low, from well over $260 per share.
- 10/26/2023
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Norfolk Southern (NSC) Misses on Q3 Earnings, Decreases Y/Y
- Low revenues from key segments hurt Norfolk Southern's (NSC) Q3 results.
- 10/25/2023
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Norfolk Southern (NSC) Reports Q3 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 10/25/2023
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Norfolk Southern Q3 profit down sharply after Eastern Ohio derailment charge
- Norfolk Southern Corp. NSC, -0.34% on Wednesday posted net income of $756 million, or $2.10 a share, for the third quarter, down from $1.3 billion a year ago. EPS was down 49% from a year ago, the company said in a statement.
- 10/25/2023
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UPS Gears Up to Release Q3 Earnings: What's in the Offing?
- High labor and fuel costs are likely to have hurt UPS' third-quarter 2023 performance.
- 10/23/2023
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EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
- The U.S. Environmental Protection Agency (EPA) on Wednesday ordered Norfolk Southern Corp to carry out additional cleanup in East Palestine, Ohio, following the Feb. 3 derailment of a company-operated freight train.
- 10/18/2023
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The Pros Got It Wrong: 7 Stocks to Buy Despite Recent Downgrades
- Analyst downgrades can be a valuable tool when making investment decisions. However, just because an analyst has changed his or her rating on a stock from “buy” to “hold,” from “buy” to “sell” or from “hold” to “sell,” doesn't mean you need to follow suit.
- 10/10/2023
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Boarding Norfolk Southern Corporation (Rating Upgrade)
- Norfolk Southern Corporation shares are down 13.4% in the past 2 months, making them a more attractive investment. Traffic patterns show a decline in hauling of forest and building materials and energy, potentially indicating a slowdown in the broader economy. The stock is now cheaper than it was when I bought last April, and the dividend yield is much higher. The current valuation of Norfolk Southern is attractive.
- 10/02/2023
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Norfolk Southern to announce Q3 2023 earnings results on October 25, 2023
- ATLANTA , Sept. 29, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its third quarter financial results during a live conference call and internet webcast at 8:45 a.m.
- 09/29/2023
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Which Is A Better Railroad Pick – Norfolk Southern Stock Or CSX?
- NSC stock has been weighed down this year owing to the derailment of a train carrying toxic materials in East Palestine, Ohio, in February of this year.
- 09/19/2023
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Norfolk Southern announces homeowner compensation plan after East Palestine derailment
- Railroad giant Norfolk Southern Corp. NSC, +0.05% on Monday announced an interim plan to compensate eligible homeowners whose home values suffered following the February derailment of a train carrying toxic chemicals in East Palestine, Ohio. Under the program, residents within a defined boundary near the Ohio-Pennsylvania border “who have sold their homes since February 3, currently have their homes on the market, or will put their homes on the market, are eligible to be compensated for any difference between their home's market value and its sale price,” the company said.
- 09/18/2023
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Riding The Rails Of Profit: Norfolk Southern Enters Buy Territory
- In this article, we will analyze Norfolk Southern's financial performance using what I call the "Buffett-metrics", revealing areas of strength and of concern. Railroads need to be assessed over long periods of time. In this article, we will look at Norfolk's financials since 2012. After an in-depth review, I explain the reasons why I upgrade my rating of the company.
- 09/08/2023
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Here's Why Investors Should Avoid Norfolk Southern (NSC) Now
- Low revenues and deteriorating operating ratio are hurting Norfolk Southern's (NSC) prospects.
- 08/16/2023
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'It was really important we made progress' on Ohio train derailment, says Norfolk Southern CEO Shaw
- Norfolk Southern CEO Alan Shaw sits down with 'Mad Money' host Jim Cramer to talk the Ohio train derailment, the stock's behavior, quarterly earnings and more.
- 08/15/2023
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Norfolk Southern to present at Deutsche Bank 2023 Transportation Conference
- ATLANTA , Aug. 9, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw and Executive Vice President and Chief Financial Officer Mark George will make a presentation at the Deutsche Bank 2023 Transportation Conference.
- 08/09/2023
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Transport ETFs in Focus Post Q2 Earnings
- The second-quarter earnings picture for the transportation sector has also been solid. For a better understanding, let's delve into the results of some well-known industry players.
- 08/09/2023
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Sell Alert: 3 Transportation Stocks to Dump ASAP
- The massive U.S. transportation industry has, according to the U.S. Department of Transportation, a net value of transportation infrastructure and vehicles in excess of $10 trillion. In addition, the value of America's transportation capital stock is growing by more than 10% a year.
- 08/03/2023
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Norfolk Southern CEO Alan Shaw on $803 million charge from East Palestine derailment
- Alan Shaw, Norfolk Southern CEO, joins 'Closing Bell: Overtime' to discuss company earnings, freight industry slowdown and outlook.
- 07/28/2023
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East Palestine train derailment has now cost Norfolk Southern $1 billion
- The costs to Norfolk Southern from the February derailment in East Palestine, Ohio, are now approaching $1 billion, the company reported Thursday.
- 07/27/2023
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Norfolk Southern (NSC) Q2 Earnings & Revenues Lag, Stock Falls
- Norfolk Southern's (NSC) Q2 results suffer due to cost and intermodal woes.
- 07/27/2023
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Norfolk Southern's East Palestine derailment costs hit $803 million
- Norfolk Southern Corp. booked a $416 million charge related to the train derailment in East Palestine, Ohio during its second quarter results, taking the costs related to the incident to $803 million.
- 07/27/2023
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Norfolk Southern (NSC) Reports Q2 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 07/27/2023
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Norfolk Southern (NSC) Lags Q2 Earnings and Revenue Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $2.95 per share, missing the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $3.45 per share a year ago.
- 07/27/2023
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What's in Store for Norfolk Southern (NSC) in Q2 Earnings?
- Escalating fuel cost are likely to hurt Norfolk Southern (NSC) second-quarter 2023 results.
- 07/20/2023
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What's in Store for Norfolk Southern (NSC) in Q2 Earnings?
- Escalating fuel cost are likely to hurt Norfolk Southern (NSC) second-quarter 2023 results.
- 07/20/2023
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Here's Why You Should Retain Norfolk Southern (NSC) Stock Now
- Pro-investor steps and sound revenues boost Norfolk Southern (NSC). However, escalating fuel expenses are worrisome.
- 06/27/2023
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Norfolk Southern will be the gold standard for safety in the rail industry, says CEO
- Alan Shaw, Norfolk Southern CEO, joins 'Squawk on the Street' to discuss how much of Shaw's time has been focused on the disaster in East Palestine, Ohio, an engineer's warning about the size of the train, and
- 06/23/2023
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Poor communication, incomplete information marred response to fiery Ohio derailment
- OMAHA, Neb. — Firefighters who responded to February's fiery train derailment in Ohio struggled to immediately identify the hazardous chemicals the train was hauling due to a lack of communication from the railroad, officials said Thursday.
- 06/22/2023
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Norfolk Southern engineer's safety warning was unheeded before Ohio derailment, NTSB says
- Norfolk Southern supervisors didn't heed a warning about the length of a train that would eventually derail in Ohio, spilling toxic chemicals, the NTSB said.
- 06/22/2023
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Railroad Stocks Look Ready to Roll Again, Says Analyst
- After years outperforming the market, freight-rail stocks Norfolk Southern, Union Pacific, Canadian National, Canadian Pacific, and CSX have stalled. The engine could start up again.
- 06/20/2023
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Will Norfolk Southern Stock Rebound To Its Pre-Inflation Shock Highs?
- Returning to the pre-inflation shock level means that NSC stock will have to gain more than 30% from here.
- 06/20/2023
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2 Buffett-Style Dividend Bargains I Am Buying
- My investment strategy, inspired by Warren Buffett, focuses on beaten-down stocks with value and growth characteristics for long-term outperformance. In this article, I explain what Buffett is looking for in a high-quality company and how this can help us build long-term wealth. I also show you two investments of mine that I recently bought more stock of. Two Buffett-like investments with a bright future.
- 06/16/2023
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2 Railroad Stocks With Solid Dividend Yield You May Count On
- Here we pick two railroad stocks, Union Pacific (UNP) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 06/09/2023
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Norfolk Southern (NSC) Inks Paid Sick Leave Deal With SMART-TD
- The deal between Norfolk Southern (NSC) and the International Association of Sheet Metal, Air, Rail and Transportation Workers Transportation Division marks the former's favorable terms with unions.
- 06/06/2023
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Are Railroad Companies Becoming More Employee Friendly?
- Here we pick four railroad stocks, Union Pacific (UNP), Canadian National (CNI), Norfolk Southern (NSC) and CSX Corporation (CSX), which have recently entered into collective deals with the unions.
- 05/31/2023
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Norfolk Southern (NSC) Up 5.2% Since Last Earnings Report: Can It Continue?
- Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock?
- 05/26/2023
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Norfolk Southern taps Atkins Nuclear Secured to lead safety review
- Three months after a catastrophic derailment in East Palestine, Ohio, Norfolk Southern Corp. has brought in Atkins Nuclear Secured to conduct an independent safety review of the rail company.
- 05/25/2023
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Here's Why You Should Retain Norfolk Southern (NSC) Stock Now
- Solid railway operating revenues and pro-investor steps boost Norfolk Southern (NSC).
- 05/25/2023
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Top Calls: Citi Upgrades Rail Stocks
- Christian Wetherbee, Citi Research Managing Director& Senior Transportation Analyst joins Romaine Bostick to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.
- 05/23/2023
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Norfolk Southern (NSC) Signs Paid Sick Leave Deal With BLET
- The latest deal between Norfolk Southern (NSC) and BLET marks the former's favorable terms with unions.
- 05/19/2023
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Norfolk Southern reaches sick leave agreement with locomotive engineers
- Norfolk Southern and one of the largest unions, the Brotherhood of Locomotive Engineers and Trainmen (BLET), have reached an agreement over sick leave. The two also have a second quality-of-life agreement that will need to be ratified by members.
- 05/19/2023
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Norfolk Southern reaches deal with another union on paid sick leave
- Norfolk Southern NSC, +0.55% said Thursday it reached an agreement on providing paid sick leave with a union representing more than 3,300 of its employees.
- 05/18/2023
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Norfolk Southern to present at Wolfe Research 16th Annual Global Transportation & Industrials Conference
- ATLANTA , May 17, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Wolfe Research 16th Annual Global Transportation & Industrials Conference.
- 05/17/2023
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3 Railroad Stocks to Watch Amid the Industry Weakness
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, UNP, CSX and NSC, which investors might consider keeping on their radar.
- 05/16/2023
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Norfolk Southern will continue investigating East Palestine, OH spill for 'as long as it takes': CEO
- This segment originally aired on May 12, 2023. Norfolk Southern CEO Alan Shaw discusses the train derailment that occurred in East Palestine, Ohio, and breaks down the company's plans to prevent derailments and ensure customer safety in the future.
- 05/14/2023
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Norfolk Southern to present at Bank of America 2023 Transportation, Airlines and Industrials Conference
- ATLANTA , May 12, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Bank of America 2023 Transportation, Airline and Industrial Conference.
- 05/12/2023
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Analyst Turns Bullish on Norfolk Southern Stock
- J.P. Morgan Securities upgraded Norfolk Southern Corp (NYSE:NSC) to "overweight" from "neutral," and lifted its price target to $250 from $236.
- 05/11/2023
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Norfolk Southern unveils compensation plans for homeowners near derailment site
- Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners whose homes lost value due to the railroad's February derailment.
- 05/11/2023
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Senate panel OKs rail-safety bill as railroad vows to help homeowners affected by Ohio derailment
- A Senate committee on Wednesday approved a rail-safety bill introduced after the derailment of a freight train in East Palestine, Ohio, but its fate remains uncertain due to significant Republican opposition.
- 05/10/2023
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U.S. Wide-Moat Stocks On Sale - The May 2023 Heat Map
- Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.
- 05/10/2023
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A Look at Transport ETFs Post Q1 Earnings
- The first-quarter earnings picture for the transportation sector has been solid. This is especially true as the sector is the largest contributor to the earnings growth so far.
- 05/08/2023
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Norfolk Southern, SMART-TD reach labor scheduling deal for conductors
- Norfolk Southern and the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division (SMART-TD) have reached a “landmark” scheduling agreement for train conductors, according to a joint news release Friday. While the exact details of the agreement weren't available, the tentative deal, which needs to be ratified by union members, offers “a comprehensive suite of new benefits and workplace enhancements,” according to the release.
- 04/28/2023
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Norfolk Southern eyes service improvements in back half of 2023
- Norfolk Southern officials are hoping for service improvements in the second half of 2023 following a first half marred by a number of prominent train derailments, most notably the February derailment in East Palestine, Ohio, of rail cars carrying vinyl chloride. “We are going to learn from this accident to become a safer company,” NS President and CEO Alan Shaw said in prepared remarks during NS' first-quarter 2023 earnings call Wednesday.
- 04/26/2023
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Norfolk Southern CEO on Ohio derailment, safety measures and earnings
- Alan Shaw, Norfolk Southern president and CEO, joins 'Closing Bell: Overtime' to discuss the Ohio derailment aftermath and company earnings.
- 04/26/2023
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Compared to Estimates, Norfolk Southern (NSC) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Norfolk Southern (NSC) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/26/2023
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Norfolk Southern (NSC) Beats Q1 Earnings and Revenue Estimates
- Norfolk Southern (NSC) came out with quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $2.93 per share a year ago.
- 04/26/2023
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Norfolk Southern says the toxic train derailment cost it $387 million
- Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third.
- 04/26/2023
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Norfolk Southern stock gains after earnings, excluding charge of nearly $390 million related to train derailment, beats expectations
- Shares of Norfolk Southern Corp. NSC edged up 0.2% in premarket trading Wednesday, after the railroad operator reported first-quarter adjusted profit and revenue that topped expectations, as strength in the company's merchandise and coal business offset weakness in intermodal. Net income fell to $466 million, or $2.04 a share, from $703 million, or $2.93 a share, in the year-ago period.
- 04/26/2023
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Norfolk Southern Earnings Are Coming. Expect an Ohio Derailment Charge.
- Norfolk Southern is due to report first-quarter numbers on Wednesday morning. Wall Street is looking for earnings per share of $3.15 from sales of $3.1 billion.
- 04/25/2023
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Will Norfolk Southern Stock Trade Higher Post Q1?
- Although the company should continue to benefit from better price realization, higher costs will likely weigh on its operating ratio.
- 04/25/2023
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VettaFi Voices On: The Case for the “E” in ESG ETFs This Earth Day
- With Earth Day arriving this week, the VettaFi Voices had ESG investing on their minds — particularly, the “E.
- 04/22/2023
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Econ Data, Q1 Earnings: Drip, Drip, Drip; CSX Beats
- Myriad economic and earnings releases may accumulate into something more meaningful ahead of the Fed's next policy meeting.
- 04/20/2023
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Derailments, paid sick leave loom over railroad earnings
- Railroad earnings season kicks off this week with Union Pacific Corp. and CSX Corp. reporting their results on Thursday, ahead of Norfolk Southern Corp. and Canadian Pacific Kansas City Ltd. next week.
- 04/19/2023
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What's in Store for Norfolk Southern (NSC) in Q1 Earnings?
- High fuel costs are likely to have hurt Norfolk Southern's (NSC) Q1 performance.
- 04/18/2023
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7 Dividend Stocks to Sell Before They Face Regulatory Risks
- There are plenty of risky dividend-paying stocks with company-specific issues that make them clearly dividend stocks to avoid, but there are also some names in this category where the reason to stay away is not so apparent. One such example is with shares in companies facing possible regulatory scrutiny.
- 04/18/2023
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Warren Buffett says Norfolk Southern handled train derailment 'terribly'
- Warren Buffett said Norfolk Southern dealt poorly with the aftermath of its East Palestine, Ohio, train derailment in February.
- 04/12/2023
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Warren Buffett says Norfolk Southern's handling of Ohio derailment was ‘tone deaf'
- Billionaire investor Warren Buffett on Wednesday slammed Norfolk Southern Corp.'s NSC handling of a February train derailment in East Palestine, Ohio.
- 04/12/2023
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Warren Buffett on Norfolk Southern train derailment response: I think they handled it terribly
- Warren Buffett joins 'Squawk Box' from Tokyo to share his thoughts on the Norfolk Southern train derailment response.
- 04/12/2023
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Buying Norfolk Southern
- Although Wall Street was disappointed by it, I think Norfolk Southern's latest financial results were fairly good. I'm buying in spite of slowing traffic. The dividend is reasonably sustainable in my view, and the valuation is very compelling.
- 04/11/2023
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Norfolk Southern Derailment Spurs Questioning of Turnaround King's Strategy
- E. Hunter Harrison pioneered cost-cutting that delighted investors and infuriated critics.
- 04/02/2023
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Norfolk Southern to announce Q1 2023 earnings results on April 26, 2023
- ATLANTA , March 31, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its first quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 26, 2023.
- 03/31/2023
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DOJ sues Norfolk Southern to ensure cleanup of Ohio train derailment site
- The Department of Justice (DOJ) is suing Norfolk Southern to ensure that the railroad pays for the cleanup costs and fines associated with the Feb. 3 derailment of an NS train in East Palestine, Ohio. The suit, filed with the U.S. District Court for the Northern District of Ohio, alleges that the discharge of pollutants and oil/hazardous substances as a result of the Feb. 3 derailment caused NS (NYSE: NSC) to violate sections 309 and 311 of the Clean Water Act.
- 03/31/2023
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DOJ sues Norfolk Southern for Clean Water Act violations following toxic derailment
- CNBC's Morgan Brennan joins 'The Exchange' to discuss the Department of Justice's civil suit against Norfolk Southern over its toxic chemical spill, Norfolk Southern's action to clean up the areas impacted by the derailment, and the bipartisan push for additional rail safety regulations.
- 03/31/2023
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East Palestine derailment: Norfolk Southern sued by Justice Department and EPA
- The Justice Department and the Environmental Protection Agency have filed a complaint against Norfolk Southern Corp. for unlawful discharge of pollutants and hazardous substances in the Feb. 3 train derailment in East Palestine, Ohio.
- 03/31/2023
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Norfolk Southern CEO more than doubled his pay last year after getting promoted
- Norfolk Southern CEO Alan Shaw got $9.8 million in total compensation in 2022, more than double the $4.7 million he received in 2021. Shaw was promoted to the top job in May.
- 03/31/2023
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Justice Department, EPA File Complaint Against Norfolk Southern
- Government alleges that the Ohio train derailment discharged hazardous substances that violate the Clean Water Act.
- 03/31/2023
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Justice Department sues Norfolk Southern over toxic Ohio derailment
- The Justice Department is alleging Clean Water Act violations in its lawsuit against Norfolk Southern.
- 03/31/2023
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NS, SMART-TD to hold off on conductor redeployment talks
- Norfolk Southern and the union representing train conductors have tabled discussions on redeploying conductors and instead will focus on other measures to improve quality-of-life issues. This decision comes as congressional lawmakers have been busy considering what initiatives should be included in a rail safety bill.
- 03/24/2023
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Norfolk Southern backing off its push for one-person train crews
- Railroad Norfolk Southern is backing away from its push to reduce its train crews down to one person, the company said Thursday in a joint announcement with the nation's largest rail union.
- 03/23/2023
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Why You Should Retain Norfolk Southern (NSC) in Your Portfolio
- Norfolk Southern (NSC) is being supported by upbeat coal revenues.
- 03/23/2023
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UP joins other railroads in providing paid sick days for some workers
- On the heels of deals at other Class 1 railroads, Union Pacific has reached agreements with eight unions to provide “access” to up to seven paid sick days. The agreement goes into effect April 1.
- 03/22/2023
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Lawmakers and union tell Norfolk Southern CEO that railroads' voluntary safety plans aren't enough
- Norfolk Southern CEO Alan Shaw returns to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed in the wake of his railroad's massive toxic spill from a February 3 derailment in East Palestine, Ohio.
- 03/22/2023
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Norfolk Southern CEO to back some new regulations after Ohio disaster
- WASHINGTON — Norfolk Southern's CEO is offering support for some parts of a bipartisan Senate bill to put tougher safety regulations on railroads after last month's fiery hazardous materials train derailment on the Ohio-Pennsylvania border.
- 03/21/2023
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NTSB issues preliminary reports on two Norfolk Southern incidents
- The National Transportation Safety Board released two preliminary reports Monday that describe the events surrounding two separate incidents involving Norfolk Southern trains. Investigations into both incidents are ongoing, the agency said.
- 03/21/2023
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Capitalizing On Chaos: My Aggressive Move To Buy More Of These 5 Dividend Growth Wonders
- Markets are in turmoil. Volatility is high and the Fed is in a tough spot. In addition to discussing macroeconomic developments, I explain my strategy and thought process when it comes to buying quality dividend growth stocks.
- 03/21/2023
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Norfolk Southern train in Alabama derailment lacked needed couplers, feds say
- SPRINGFIELD, Ohio — A Norfolk Southern train that derailed in Alabama earlier this month lacked required alignment control couplers for two of its locomotives and a company inspection did not identify their absence, federal investigators said Monday.
- 03/20/2023
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Why Did Norfolk Southern Stock Fall 30% Since 2021?
- The recent fall for Norfolk Southern can be attributed to the derailment of a train carrying toxic materials in East Palestine, Ohio last month.
- 03/17/2023
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U.S. regulators approve first major railroad merger in more than two decades
- The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, was approved by federal regulators Wednesday.
- 03/15/2023
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Ohio sues Norfolk Southern alleging 'negligence' for toxic train crash
- Ohio Attorney General Dave Yost discusses the lawsuit against Norfolk Southern over the East Palestine derailment on 'Varney & Co.'
- 03/15/2023
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Norfolk Southern reaches new paid sick leave deal as it contends with derailment fallout
- Norfolk Southern said it reached a deal to offer up to seven paid sick days to members of the International Brotherhood of Boilermakers and Blacksmiths.
- 03/15/2023
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Ohio sues Norfolk Southern over February train derailment
- Add the state of Ohio to the growing list of those suing Norfolk Southern over the Feb. 3 train derailment in East Palestine. Ohio Attorney General Dave Yost said the state is filing a lawsuit in the U.S. district court in Columbus in order “to hold Norfolk Southern financially responsible” for the train derailment, which Yost described as releasing over 1 million gallons of hazardous chemicals and “recklessly endangering” the region's inhabitants and natural resources.
- 03/14/2023
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Norfolk Southern sued by Ohio over ‘entirely avoidable' East Palestine derailment
- Ohio Attorney General Dave Yost has filed a 58-count civil lawsuit against Norfolk Southern Corp. over the derailment in East Palestine, Ohio, of a train carrying hazardous chemicals.
- 03/14/2023
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Ohio Sues Norfolk Southern For “Entirely Avoidable” East Palestine Train Derailment
- The lawsuit pushes Norfolk Southern to pay for all costs related to the derailment, which caused a massive chemical spill in a small eastern Ohio town.
- 03/14/2023
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Ohio sues Norfolk Southern over East Palestine derailment
- Ohio sued rail company Norfolk Southern over the derailment of a train carrying toxic materials in East Palestine last month
- 03/14/2023
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Norfolk Southern CEO says he's 'deeply sorry' for Ohio train disaster
- Norfolk Southern (NSC) CEO Alan Shaw testified Thursday before a Senate committee and faced tough questions from lawmakers over his company's role in the rail disaster in Ohio in early February. Shaw said he was ‘deeply sorry' for the freight train derailment that spilled toxic chemicals affecting the community of East Palestine, Ohio, and the surrounding area.
- 03/12/2023
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SVB Financial Group, JetBlue Airways, Norfolk Southern: Stocks That Defined the Week
- Here are seven major companies whose stocks moved on the week's news.
- 03/10/2023
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What's next for Norfolk Southern after Senate hearing on East Palestine, Ohio, disaster?
- Norfolk Southern Corp. CEO Alan Shaw was in Washington this week, providing testimony on the East Palestine, Ohio, train derailment before the Senate Committee on Environment and Public Works.
- 03/10/2023
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Norfolk Southern discovers issue with wheel sets
- Norfolk Southern has alerted the broader rail industry of a potential issue involving a specific model and series of rail cars, and that alert has led to a call to remove those rail cars from service until the wheel sets in question can be replaced. NS (NYSE: NSC) said late Thursday that the specific model had loose wheels.
- 03/10/2023
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Norfolk Southern CEO testimony, Biden budget proposals, February jobs report: March 9, 2023
- Yahoo Finance Live anchors Dave Briggs and Seana Smith break down some of today's biggest headlines and what to pay attention to for tomorrow.
- 03/09/2023
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Analyst: Norfolk Southern was ‘compelled to' transport hazardous materials amid highway restriction
- ABH Consulting Senior Transportation Analyst Anthony Hatch joins Yahoo Finance Live anchors Dave Briggs and Seana Smith to discuss railroad safety amid Norfolk Southern's recent derailments.
- 03/09/2023
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Norfolk Southern will do ‘everything it takes' for East Palestine, CEO tells senators
- Norfolk Southern Corp. CEO Alan Shaw vowed to do “everything it takes” for the community impacted by the derailment of a train carrying hazardous materials in East Palestine, Ohio.
- 03/09/2023
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Sen. Markey on Norfolk Southern: You don't have a product till you've invested enough in safety
- CNBC's Margaret Brennan with Senator Ed Markey (D-Mass.) join 'Closing Bell: Overtime' to discuss Norfolk Southern train derailments and what the company needs to do to improve safety.
- 03/09/2023
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Norfolk Southern CEO testifies before Senate on East Palestine train derailment
- Norfolk Southern CEO testifies before Senate on East Palestine train derailment 3/9/2023 https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018.
- 03/09/2023
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Norfolk Southern CEO Apologizes for Ohio Derailment
- Norfolk Southern CEO Alan Shaw personally promises to make sure the town of East Palestine, Ohio will be cleaned up. He told a Senate committee that the company is "determined to make it right.
- 03/09/2023
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Norfolk Southern CEO Says Safety Standards ‘Were Not Enough' As Senate Grills Him On Ohio Derailment
- CEO Alan Shaw admitted the safety standards on board the train that derailed in East Palestine, Ohio, were not adequate to prevent the incident.
- 03/09/2023
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Norfolk Southern CEO set to testify before Congress
- Norfolk Southern CEO Alan Shaw is set to testify before a Senate panel on Thursday about the company's recent derailments in Ohio.
- 03/09/2023
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Senate hearing on the Norfolk Southern train derailment in Ohio
- Norfolk Southern's CEO is set to testify at a Senate hearing on the environmental and health threats from last month's train derailment in East Palestine, Ohio. Follow here for the latest.
- 03/09/2023
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Norfolk Southern committed to ‘making this right' for East Palestine after Ohio derailment, CEO to tell senators
- Norfolk Southern Corp. CEO Alan Shaw will tell senators that the carrier is “committed to learning” from the train derailment in East Palestine, Ohio and “making this right” for the local community affected by the disaster. The CEO will give testimony to the Senate Committee on Environment and Public Works Thursday.
- 03/09/2023
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Norfolk Southern CEO to tell senators how he plans to 'make it right' after Ohio derailment
- Norfolk Southern CEO Alan Shaw is set to testify Thursday before a Senate panel to address the East Palestine, Ohio, train derailment.
- 03/09/2023
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Fed's Powell stresses rate hikes, Tesla stock drops amid safety issues, Norfolk Southern testimony
- Yahoo Finance anchors Seana Smith and Dave Briggs break down three things to know from the market day on Wednesday including Fed Chair Powell's second day of testimony on Capitol Hill, Tesla stock dropping amid safety concerns, and Norfolk Southern CEO testifying before the Senate Environment and Public Works Committee regarding its recent derailment in Ohio.
- 03/08/2023
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Union warns it has been left without enough workers to install new rail safety measures
- Rails want to deploy heat detectors as part of safety plan after Norfolk Southern derailments, but a union says it lacks workers for the job after recent cuts.
- 03/08/2023
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‘Norfolk Southern will pay for the harm it has caused' in Ohio derailment, says GOP senator
- On the eve of testimony by Norfolk Southern Corp. CEO Alan Shaw on Capitol Hill, Sen. Shelley Moore Capito of West Virginia said that the rail carrier will pay for the environmental impact of the disastrous train derailment in East Palestine, Ohio.
- 03/08/2023
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Norfolk Southern to build new facility in Ohio to train first responders
- Norfolk Southern Corp. NSC, +0.07% said Wednesday it will create a new training facility in Ohio, that trains first responders in the area on how to safely respond to train derailments. The railroad operator said it has not yet decided on a location for the new facility, which will train first responders from Ohio, Pennsylvania and West Virginia.
- 03/08/2023
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NTSB opens investigation into Norfolk Southern rail accidents
- OMAHA, Neb. — Federal investigators are opening a wide-ranging investigation into one of the nation's biggest railroads following a fiery derailment on the Ohio-Pennsylvania border last month and several other accidents involving Norfolk Southern, including the death of a train conductor Tuesday.
- 03/07/2023
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NTSB to scrutinize Norfolk Southern's ‘safety culture'
- The National Transportation Safety Board will launch a special investigation looking into the “safety culture” at Norfolk Southern, the agency said Tuesday. The investigation comes after an NS conductor sustained fatal injuries early Tuesday at a Cleveland-Cliffs facility in Cleveland.
- 03/07/2023
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NTSB launches special safety culture investigation of Norfolk Southern
- Citing the "number and significance of recent Norfolk Southern accidents," federal investigators said Tuesday they will open a special investigation into the railway's safety culture.
- 03/07/2023
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NTSB opens special investigation into Norfolk Southern safety practices
- The National Transportation Safety Board has opened a special investigation into Norfolk Southern after recent derailments in Ohio.
- 03/07/2023
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Norfolk Southern Conductor Killed In Third Ohio Incident This Year—Weeks After Massive Chemical Spill
- The collision comes three days after a Norfolk Southern train derailed in western Ohio, and just over a month after another derailment that caused a chemical leak in eastern Ohio.
- 03/07/2023
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Norfolk Southern: ‘This is an opportunity for railroads to do better,' analyst says
- Bloomberg Intelligence Sector Head & Senior Analyst Lee Klaskow joins Yahoo Finance Live anchor Jared Blikre and Julie Hyman to discuss the Norfolk Southern derailments, the transport company's six-point safety plan, regulation, and the outlook for Norfolk Southern.
- 03/07/2023
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Norfolk Southern announces safety upgrades following recent derailments
- Norfolk Southern announced plans on Monday to improve the use of detectors placed along railroad tracks to spot overheating bearings and other problems in response to a fiery derailment on the Ohio-Pennsylvania border a month ago.
- 03/06/2023
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Ohio AG teases legal action against Norfolk Southern after second derailment
- Ohio Attorney General Dave Yost provides an update regarding disaster response to a second Norfolk Southern train derailment in Ohio. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
- 03/06/2023
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Norfolk Southern will assess use of hot box detectors
- Norfolk Southern has developed a safety plan the railroad says addresses the preliminary findings of the National Transportation Safety Board's investigation into the Feb. 3 derailment of an NS train near East Palestine, Ohio. NTSB investigators are looking at the role that overheated bearings might have played in the train derailment.
- 03/06/2023
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Norfolk Southern CEO testifies as company faces second derailment in Ohio
- Yahoo Finance's Kevin Cirilli joins the Live show to break down the latest political headlines happening out of Washington, D.C., which include Secretary Buttigieg's remarks on U.S. rail safety following the second derailment of a Norfolk Southern train in Ohio.
- 03/06/2023
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Norfolk Southern makes broad safety adjustments after third train derailment
- A Norfolk Southern spokesman told CNBC the train carrier is now mandating that any trains over 10,000 feet use distributed power.
- 03/06/2023
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After Ohio derailment, Norfolk Southern announces six-point safety plan
- Norfolk Southern Corp. NSC, -0.10% has announced a six-point safety plan in the wake of last month's derailment of a train carrying hazardous materials on the outskirts of East Palestine, Ohio. The company's stock, which has fallen 10.1% since the Feb. 3 derailment, fell 0.7% before market open Monday.
- 03/06/2023
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Another Norfolk Southern derailment in Ohio; authorities say no public health risk
- SPRINGFIELD, Ohio — Authorities in Ohio say there is no indication of any risk to public health from the derailment of a Norfolk Southern cargo train between Dayton and Columbus, the second derailment of a company train in the state in a month.
- 03/05/2023
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2 Railroad Stocks With Solid Dividend Yield to Watch
- Here we pick two railroad stocks, Union Pacific (UNP) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
- 03/03/2023
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Ohio rail union blasts Norfolk Southern's ‘disregard' for workers' safety
- The Ohio contingent of the Brotherhood of Maintenance of Way – Employes Division (BMWED) told Gov. Mike DeWine in a letter this week that Norfolk Southern failed to adequately protect workers on the scene of the Feb. 3 train derailment in East Palestine.
- 03/03/2023
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NTSB scrutinizing performance of tank car covers in NS derailment
- The National Transportation Safety Board “is looking closely” at how aluminum protective housing covers on three tank cars carrying vinyl chloride performed after the Feb. 3 derailment of a Norfolk Southern train near East Palestine, Ohio. Eleven tank cars carrying hazardous materials derailed, including five carrying vinyl chloride.
- 03/02/2023
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Rail unions tell Biden officials workers have fallen ill at Norfolk Southern derailment site
- Leaders from 12 unions met with Transportation Secretary Pete Buttigieg and Amit Bose, administrator of the Federal Railroad Administration, in Washington.
- 03/01/2023
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3 Reasons Why This Is the Best Railroad Stock to Buy
- The recent Norfolk Southern (NYSE: NSC ) train derailment suggests it's not the best railroad stock to buy. According to Axios reporting, accidents on the company's rail lines increased in the last four years.
- 03/01/2023
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Ohio derailment a ‘PR nightmare' for Norfolk Southern and the rail industry
- The derailment of a train carrying hazardous materials on the outskirts of East Palestine, Ohio, is a public-relations nightmare for carrier Norfolk Southern Corp. and for the rail industry, Cowen analyst Jason Seidl said Friday.
- 02/27/2023
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Norfolk Southern: The East Palestine Crisis Isn't Its Biggest Problem
- In this article, we start with an in-depth assessment of the East Palestine derailment, incorporating the reasons behind the derailment and its likely consequences. The good news is that risks may be limited, as Norfolk Southern was not negligent. However, higher safety standards are likely going to be implemented on a bigger scale.
- 02/26/2023
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Norfolk Southern gifts another $1.1 million to East Palestine as some locals turn to GoFundMe following train derailment
- Norfolk Southern has made another $1.1 million in cash donations to East Palestine, Ohio as the community recovers from the train derailment that sparked a fire and sent hazardous chemicals into the air and water.
- 02/24/2023
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BNSF, Norfolk Southern reach sick leave agreements with several unions
- BNSF, Norfolk Southern and members of two union groups have struck sick leave agreements, the groups said Thursday. BNSF (NYSE: BRK.B) reached sick leave agreements with members of the Transportation Communications Union (TCU) and the National Conference of Firemen & Oilers (NCFO).
- 02/24/2023
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Norfolk Southern has lost $6.7 billion in market cap since the Ohio train derailment, as its stock has lost more than those of its rivals
- Shares of Norfolk Southern Corp. NSC, +0.35% bounced 0.4% in morning trading Thursday, after closing the previous session at a four-month low as the railroad operator continued to face backlash from the Ohio train derailment three weeks ago. On Thursday, U.S. Transportation Secretary Pete Buttigieg visited East Palestine, as the Biden Administration has also faced growing criticism over the federal response to the derailment.
- 02/23/2023
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Federal authorities release preliminary report on Norfolk Southern train derailment in Ohio
- The preliminary report from the National Transportation Safety Board did not offer an exact cause of the derailment but outlined several operational concerns.
- 02/23/2023
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Norfolk Southern's Ohio train cost cleanup minimal as Buttigieg tours region
- U.S. Transportation Secretary Pete Buttigieg will visit East Palestine, Ohio on Thursday following the derailment and spill of hazardous materials of a Norfolk Southern (NSC) freight line.
- 02/23/2023
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Norfolk Southern becomes third railroad to offer paid sick time
- Norfolk Southern became the third railroad on Wednesday to make sick time available to workers, an issue in the last contract negotiations.
- 02/23/2023
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Misinformation is among the obstacles Norfolk Southern is contending with at the derailment site in Ohio, says the railroad's CEO
- In late January, Alan Shaw, the chief executive of Norfolk Southern Corp., touted the railroad's financial performance and rising cargo volumes. “Service is at the best it's been in more than two years, and customers are noticing,” he told investors.
- 02/22/2023
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EPA Orders Norfolk Southern to Clean Up Ohio Derailment
- Biden administration and state officials have turned up the heat on Norfolk Southern for its handling of the fiery freight train derailment in Ohio, as federal authorities took control of cleanup operations and two state governors raised the specter of prosecutions in conjunction with the disaster. This cleanup could cost the railroad millions of dollars.
- 02/22/2023
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Transportation Sec. Buttigieg has been very clear about his frustration: Norfolk Southern CEO
- Norfolk Southern CEO Alan Shaw joins 'Closing Bell: Overtime' to discuss the train derailment and chemical burn in East Palestine, Ohio, and what he's heard from Transportation Secretary Pete Buttigieg.
- 02/21/2023
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Safety the only factor in the decision to burn the chemicals, says Norfolk Southern CEO Alan Shaw
- Alan Shaw, CEO of Norfolk Southern, joins 'Closing Bell: Overtime' to discuss the derailment of a train in East Palestine, Ohio, and the decision to have a 'controlled burn' after the wreck.
- 02/21/2023
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Norfolk Southern CEO Alan Shaw discusses East Palestine derailment in full CNBC interview
- CNBC's Morgan Brennan interviews Norfolk Southern CEO Alan Shaw about the Feb. 3 derailment of a train carrying toxic chemicals in East Palestine, Ohio.
- 02/21/2023
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EPA Orders Norfolk Southern To Pay For Cleanup After Disastrous Ohio Train Derailment
- Ignoring the EPA's order could cost Norfolk Southern three times as much.
- 02/21/2023
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EPA orders Norfolk Southern to clean up toxic derailment in Ohio
- EAST PALESTINE, Ohio — The U.S. Environmental Protection Agency ordered Norfolk Southern on Tuesday to pay for the cleanup of the East Palestine, Ohio train wreck and chemical release as federal regulators took charge of long-term recovery efforts and promised worried residents they wouldn't be forgotten.
- 02/21/2023
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Norfolk Southern CEO says Ohio town safe after chemical train derailment
- Norfolk Southern CEO Alan Shaw pledged support for East Palestine, Ohio, residents dealing with the aftermath of a toxic chemical disaster.
- 02/21/2023
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Norfolk Southern's stock extends selloff, and one analyst turns bullish
- Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according to analyst Scott Group at Wolfe Research.
- 02/21/2023
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Norfolk Southern should have been prepared for this, says Wharton's Americus Reed
- Americus Reed, Wharton School of Business professor, joins ‘Power Lunch' to discuss the trouble surrounding Norfolk Southern after the derailment of a train carrying hazardous chemicals in East Palestine, Ohio, on February 3.
- 02/21/2023
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Norfolk Southern slapped with several lawsuits
- Former Acting U.S. Attorney General Matt Whitaker responds to concerns over the toxic train derailment in East Palestine, Ohio, unrest in the streets of Austin, Texas and Biden's trip to Ukraine. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
- 02/21/2023
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Norfolk Southern Upgraded to Buy After Ohio Train Derailment
- One Wall Street analyst sees the company's slump since the accident as an opportunity to snap up shares at a discount.
- 02/21/2023
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8 Picks Due For A Short-Term Bounce (Technical Analysis)
- I am working on some quant-based sort research looking for "bounces" in price from recent selloffs in individual company names. Minor but quick gains are one goal. Another is to hold a diversified list for 3-6 months to achieve sizable, steady gains.
- 02/20/2023
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Buttigieg warns Norfolk Southern to support Ohio community after derailment disaster
- WASHINGTON — Transportation Secretary Pete Buttigieg sent a letter Sunday to the CEO of Norfolk Southern, warning that the freight rail company must “demonstrate unequivocal support for the people” of East Palestine, Ohio, and surrounding areas after a fiery train derailment led to the release of chemicals and residents expressing concerns about their health.
- 02/19/2023
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Norfolk Southern CEO visits Ohio after train derailment, says 'I'm here to support the community'
- Norfolk Southern CEO Alan Shaw told reporters in East Palestine on Saturday that he was there to support the community following the toxic Ohio train derailment.
- 02/19/2023
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Airbnb, Norfolk Southern, Tesla: Stocks That Defined the Week
- Here are seven major companies whose stocks moved on the week's news.
- 02/17/2023
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Ohio train crash forces Norfolk Southern to pay ‘inconvenience fees'
- Residents of East Palestine, Ohio, say Norfolk Southern is offering checks referred to as "inconvenience fees" after one of its trains derailed and spilled toxic chemicals in the town.
- 02/17/2023
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Norfolk Southern has erased $5 billion in market value since the Ohio train derailment spilled toxic chemicals into East Palestine
- "We believe the potential cost for the East Palestine derailment could be between $30 million to $50 million," JPMorgan said.
- 02/17/2023
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We believe Norfolk Southern needs to be held accountable: Ohio AG Dave Yost
- Ohio Attorney General Dave Yost joins 'Squawk on the Street' to break down the Norfolk Southern train derailment and why he thinks the company needs to be held accountable.
- 02/17/2023
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Norfolk Southern CEO to East Palestine: 'We will not walk away'
- The CEO of Norfolk Southern told East Palestine residents that the company will "help make things right" after a train carrying toxic substances derailed in the Ohio community.
- 02/16/2023
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Norfolk Southern is in the spotlight after Ohio derailment disaster. What does it mean for the carrier's stock?
- Norfolk Southern Corp. is in the spotlight amid the fallout from the derailment of a train carrying hazardous materials on the outskirts of East Palestine, Ohio, earlier this month.
- 02/16/2023
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Ohio Train Disaster: What does it mean for the industry?
- A massive train derailment in Ohio sent hazardous fumes into the atmosphere. Norfolk Southern is at the center of the disaster - how will the stock react?
- 02/16/2023
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Norfolk Southern skips tense Ohio train derailment town hall
- Norfolk Southern, the company that owns the train involved in a toxic derailment disaster in East Palestine, Ohio, reveals why it skipped a town hall meeting there.
- 02/16/2023
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Ohio considers suing Norfolk Southern over derailment disaster
- EAST PALESTINE, Ohio — The Ohio village upended by a freight train derailment and the intentional burning of some of the hazardous chemicals on board has invited affected residents to a town hall meeting Wednesday evening to discuss lingering questions.
- 02/15/2023
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Norfolk Southern train derailment likely to have minimal impact on shareholders
- Shares of Norfolk Southern have declined approximately 6% since the Feb. 3 train derailment, but experts don't expect a long-term impact to the share price.
- 02/15/2023
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Wall Street says Norfolk Southern profits won't suffer from derailment
- Two Wall Street analysts said Norfolk Southern won't see a major hit to its bottom line following a major derailment in East Palestine, Ohio, a village roughly 50 miles from Pittsburgh. Bank of America and Cowen published reports on Tuesday concerning the Feb. 3 derailment of some 50 cars, several of which were hauling hazardous chemicals.
- 02/14/2023
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The Ohio Train Derailment: 6 Things Investors Should Know
- Fallout from the derailment of a train carrying hazardous materials in Ohio continues.
- 02/14/2023
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The Norfolk Southern Train Derailment: 6 Things Investors Should Know
- Fallout from the derailment of a train carrying hazardous materials in Ohio continues.
- 02/14/2023
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After Double-Digit Revenue Growth Last Year, Is Norfolk Southern Stock a Buy?
- The iconic American railroad broke fourth-quarter and annual records for both revenue and operating income.
- 02/14/2023
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Transport ETFs Showing Strength on Q4 Earnings Results
- The fourth-quarter earnings picture for the transportation sector has been shaping up well. The sector is the fourth-biggest contributor to both Q4 earnings and revenue growth so far.
- 02/09/2023
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Pick Either Norfolk Southern Stock Or This Travel Company: Both May Offer Similar Returns
- There is more to the comparison, and in the sections below, we discuss the possible returns for NSC and BKNG in the next three years.
- 02/09/2023
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Ride These Railroad Stocks for Growth and Income
- For railroad stocks, it's the sound of escaping 2022 relatively unscathed. The group's 8% decline paled in comparison to S&P 500's 19% slide.
- 01/28/2023
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Union Pacific, Norfolk Southern Pull into Buying Zone
- At least two (2) of America's Class 1 railroads are pulling back into buying territory, which is good news for investors. These railroads are cash-generating machines that pay healthy dividends and buy back shares.
- 01/26/2023
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CSX Q4 Earnings & Revenues Top Estimates, Rise Year Over Year
- CSX's revenues of $3,730 million in fourth-quarter 2022 surpass the Zacks Consensus Estimate of $3,722.1 million.
- 01/26/2023
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Norfolk Southern (NSC) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/26/2023
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Norfolk Southern (NSC) Q4 Earnings & Revenues Top, Rise Y/Y
- Norfolk Southern's (NSC) operating revenues of $3,237 million outpace the Zacks Consensus Estimate of $3,177.2 million in fourth-quarter 2022.
- 01/25/2023
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Norfolk Southern Corporation (NSC) Q4 2022 Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q4 2022 Results Conference Call January 25, 2023 8:45 AM ET Company Participants Luke Nichols - SD, IR Alan Shaw - President, CEO Ed Elkins - CMO Mark George - CFO Paul Duncan - COO Conference Call Participants Tom Wadewitz - UBS Jordan Alliger - Goldman Sachs Chris Wetherbee - Citi Amit Mehrotra - Deutsche Bank Allison Poliniak - Wells Fargo Justin Long - Stephens Scott Group - Wolfe Research Brandon Oglenski - Barclays Ravi Shankar - Morgan Stanley Walter Spracklin - RBC Capital Markets Jon Chappell - Evercore ISI Brian Ossenbeck - JPMorgan Cherilyn Radbourne - TD Securities Ariel Rosa - Credit Suisse Bascome Majors - Susquehanna Jeff Kauffman - Vertical Research Partners David Vernon - Bernstein Ken Hoexter - Bank of America Operator Greetings, and welcome to the Norfolk Southern Corporation Fourth Quarter Fiscal Year 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 01/25/2023
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Norfolk Southern profit comes up shy of forecasts, while dividend hike boosts yield above 2%
- Norfolk Southern Corp. NSC reported Wednesday fourth-quarter profit that came up shy of forecasts, as railway expenses rose more than revenue, which topped forecasts. The railroad operator's stock was still inactive in the premarket.
- 01/25/2023
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Norfolk Southern Stock Looks Reasonably Priced As It Nears Q4
- Although the company should continue to benefit from a shift toward lower-cost transportation alternatives, higher costs will likely weigh on its overall performance.
- 01/24/2023
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These 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 01/24/2023
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4 Transportation Stocks Likely to Surpass Q4 Earnings Estimates
- Transportation companies like JetBlue (JBLU), Norfolk Southern (NSC), Old Dominion Freight Line (ODFL) and American Airlines (AAL) are expected to beat fourth-quarter earnings estimates.
- 01/24/2023
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Is a Beat in Store for Norfolk Southern (NSC) in Q4 Earnings?
- Norfolk Southern's (NSC) fourth-quarter 2022 revenues are likely to have benefited from solid segmental performances. High fuel costs and supply-chain challenges are likely to have weighed on the bottom line.
- 01/19/2023
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Better Buy: Union Pacific or Norfolk Southern Stock?
- Two of America's largest railroads go head-to-head.
- 01/17/2023
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Norfolk Southern Corporation Is Too Expensive
- Traffic for the first nine months of 2022 was down significantly, yet revenue and net income were higher. I don't think this is sustainable. Something has to give. Additionally, the company now has near-record levels of debt. This is troublesome given where interest rates are.
- 01/17/2023
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Collaboration must be key for railroads to thrive, experts say
- WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that's through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at the Transportation Research Board annual meeting this week. One idea that continues to be discussed is that infrastructure investors are interested in developing giant rail industrial parks in North America, said James Miller, a partner with Deloitte Canada, during a Wednesday session.
- 01/12/2023
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My 6-Figure Market-Beating Dividend Growth Portfolio
- As requested by many, I decided to dedicate an article to my personal dividend growth portfolio, consisting of more than 90% of my net worth. I start by explaining my strategy and approach, followed by a discussion of the benefits that come with dividend (growth) investment strategies.
- 01/12/2023
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4 Class I railroads seek stay of federal order for rate disputes
- Four Class I railroads want the Surface Transportation Board to pause the implementation of an arbitration program to resolve rail rate disputes involving smaller financial amounts. CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and the U.S. subsidiaries of Canadian railway CN (NYSE: CNI) argue that STB's deadline for the Class I railroads to commit to a five-year arbitration program as prescribed in STB's December order is too soon.
- 01/06/2023
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Why Norfolk Southern (NSC) is Poised to Beat Earnings Estimates Again
- Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/05/2023
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Recession? 3 Terrific Dividend Stocks To Buy On Weakness
- In this article, we start with a macroeconomic discussion, given a high probability of severe economic weakness in 2023. To be prepared, I am building a bigger war chest and a watchlist of cyclical dividend stocks I want to buy on weakness.
- 01/03/2023
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Want Better Returns? Don?t Ignore These 2 Transportation Stocks Set to Beat Earnings
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 01/02/2023
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Here's Why You Should Retain Norfolk Southern (NSC) Stock Now
- Norfolk Southern's (NSC) efforts to reward its shareholders are praiseworthy. However, high fuel costs are denting bottom-line growth.
- 12/30/2022
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Bert's November Dividend Income Summary
- We save a high percentage of our income each month, to help fuel our dividend stock portfolio. We received $855.31 in November dividend income. This was an 11.93% increase compared to November 2021.
- 12/20/2022
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Watch these rail stocks in 2023, says Evercore
- An analyst firm has come out with some rail stocks to watch in 2023, now that concerns about a disruptive strike have ebbed. President Joe Biden signed a bill earlier this month imposing a deal on rail-freight workers.
- 12/20/2022
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Norfolk Southern conductor trainee killed in Alabama railway accident
- A Norfolk Southern conductor trainee was killed on the job this week in Bessemer, Alabama, when a piece of metal from a passing train car crashed into the victim's cab.
- 12/16/2022
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FRA hears clashing views from railroads, unions on train crew size
- Railroads and unions gave conflicting views during a hearing by the Federal Railroad Administration (FRA) on a proposed rulemaking that would require freight trains generally to have at least two crew members in the locomotive cab. The agency is gathering public testimony through next week.
- 12/15/2022
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Rail industry must overcome strained labor relations in order to survive
- The drama about whether union members would go on strike has passed, with Congress passing legislation and President Joe Biden signing that legislation requiring all unions to ratify the labor agreement that union and railroad negotiators reached in September. But the battle scars still remain and those scars must be healed in order for the rail industry not only to fully restore service levels but also to thrive and assume the role as a vital and necessary freight transportation mode.
- 12/12/2022
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Activists Push Proposals at Union Pacific, Norfolk Southern to Provide Paid Sick Leave
- On Tuesday, a pair of investment funds proposed shareholder resolutions at freight rail giants Union Pacific (US:UP) and Norfolk Southern (US:NSC) that would provide covered workers paid sick leave.
- 12/08/2022
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Norfolk Southern CEO on furloughs, plans to invest in the company's workforce
- Cramer spoke with Norfolk Southern CEO Alan Shaw on Wednesday.
- 12/07/2022
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Norfolk Southern moving away from furloughs to help improve labor relations
- Norfolk Southern will deemphasize the use of furloughs as a way to cut costs during market down cycles. The plan comes as two activist investors are pressing NS (NYSE: NSC) and Union Pacific (NYSE: UNP) via shareholder proposals to address paid sick leave.
- 12/06/2022
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What's Driving The Growth For Norfolk Southern Stock?
- Despite a 15% fall year-to-date, Norfolk Southern stock (NYSE: NSC) has little room for growth.
- 12/06/2022
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Biden's Intervention Averts Rail Strike: An Analysis
- With the rail strike not materializing, the U.S. economy heaves a sigh of relief as a strike might have cost more than $2 billion a day.
- 12/05/2022
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Rail Strike, Recession, And Dividends - Norfolk Southern Remains A Buy On Weakness
- In this article, we start by taking a look at the just-averted rail strike, which resulted in high wage growth and Presidential involvement. As railroads look into the future, they need to incorporate more economic weakness as the US is on the verge of a manufacturing recession.
- 12/04/2022
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House passes bill to avert rail strike
- Fertilizer Institute President and CEO Corey Rosenbusch discusses the impact on multiple industries, especially fertilizer if Congress failed to pass timely rail vote. Subscribe to Fox Business!
- 11/30/2022
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House approves tentative labor deal to avoid rail strike
- The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike.
- 11/30/2022
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White House, Congress seek to avert rail strake
- Yahoo Finance's Jennifer Schonberger discusses Congress beginning to move to avert a rail strike via legislation.
- 11/30/2022
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House to vote on rail strike as unions push back on intervention
- Rich Edelman, labor attorney with Mooney, Green, Saindon, Murphy & Welch Law Firm, joins CNBC's 'Squawk Box' to discuss Congress' decision to support legislation that would avert a rail strike.
- 11/30/2022
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Full Steam Ahead: Freight Railroads Likely To Return To Service For The Holidays
- There has been a threat of a freight railroad strike since early September. Railroads offer a unique combination of fuel efficiency and capacity, and there is no perfect substitute (especially with the current truck driver shortage).
- 11/29/2022
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Railroads, unions draw their lines in sand after Biden urges Congress to prevent strike
- With President Biden urging Congress to prevent a rail strike, both rails and unions are drawing their lines in the sand on labor deal terms and consequences.
- 11/29/2022
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Biden calls on Congress to intervene in rail dispute
- Yahoo Finance's Rick Newman joins the Live show to discuss President Biden calling on Congress to take action to avoid a looming rail strike.
- 11/29/2022
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Railroad stocks rally as strike risk effectively removed after President Biden urged Congress to step in
- Shares of railroad operators rallied Tuesday, as Evercore ISI analyst Jonathan Chappell said President Joe Biden's urging of Congress to step into the stalled talks between labor unions and rail operators effectively removes the risk of a strike. Biden's urging comes after a coalition of more than 400 business groups sent a letter asking congressional leaders to step get involved to avert a strike, which many believe would have devastating effects on the U.S. economy.
- 11/29/2022
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4 Railroad Stocks to Capitalize on Strong Freight Demand
- The Zacks Transportation - Rail industry is gaining from a favorable freight environment. This bodes well for stocks like UNP, CP, CSX and NSC.
- 11/28/2022
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A December rail strike could have significant impact on the economy
- CNBC's Lori Ann LaRocco joins 'The Exchange' to report on a potential of railroad worker strike next month and how it could impact the U.S. economy.
- 11/23/2022
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If train strike happens, major rail union will honor picket lines, its' leader says
- Brotherhood of Locomotive Engineers and Trainmen National President Dennis Pierce provides expert analysis of railroad workers' potential 2022 train strike.
- 11/23/2022
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Norfolk Southern (NSC) to Benefit From CSR Buyout: Here's How
- The deal is expected to boost Norfolk Southern's (LUV) railway operations geographically.
- 11/23/2022
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Rail union strike would create a ‘crippling' economy, industry official warns
- Association of American Railroads President and CEO Ian Jeffries says the companies are 'ready, willing and able' to negotiate new terms with rail unions. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
- 11/22/2022
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Rail union strike would create a ‘crippling' economy, industry official warns
- Association of American Railroads CEO Ian Jeffries says major rails are "ready, willing and able" to reach new negotiations and avoid creating a "crippling economy" with a strike.
- 11/22/2022
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With a strike looming, railroad unions and management head back to negotiating table
- With a crippling freight rail strike looming in two weeks, leaders of four railroad unions and management of the major US freight railroads are due back at the negotiating table Tuesday afternoon.
- 11/22/2022
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Norfolk Southern stock rallies toward 3-month higher after Cincinnati Southern Railway purchase
- Shares of Norfolk Southern Corp. NSC, +1.04% rallied 1.1% toward a three-month high in morning trading Tuesday, after the railroad operator announced a deal to buy nearly all of the assets of Cincinnati Southern Railway (CSR) for $1.62 billion in cash from the City of Cincinnati. CSR consists of 337 miles of railroad that runs from Cincinnati to Chattanooga, Tenn.
- 11/22/2022
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Railroad strike: Workers ‘need to be a part of that conversation,' NRF VP explains
- National Retail Federation Vice President for Supply Chain & Customer Policy Jonathan Gold speaks with Yahoo Finance about how supply chain slowdowns and a potential train strike are impacting major retailers ahead of the holiday season.
- 11/21/2022
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Rail union SMART-TD votes to reject labor deal, strike threat moves closer
- Yahoo Finance's Dani Romero joins the Live show to discuss rail union SMART-TD voting to reject a labor deal.
- 11/21/2022
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Another rail union rejects deal, escalating strike threat ahead of holidays
- A fourth rail union rejected a deal with major freight railroads over the weekend, elevating the threat of a nationwide strike ahead of the holiday season.
- 11/21/2022
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If rail strike begins, 'I think every union' will honor picket line, says BLET president
- BLET president Dennis Pierce says his rail members, and every union, will honor the picket line if a freight strike begins Dec. 5.
- 11/21/2022
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Retailers warn of 'self-inflicted economic disaster' after largest rail union rejects labor deal
- The nation's leading retailers warned Monday that Congress may need to step in to avert a devastating freight rail strike they fear could spoil food, interrupt the delivery of goods bought online and worsen inflation.
- 11/21/2022
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America faces a possible rail strike in two weeks after largest union rejects labor deal
- Rank-and-file members of the nation's largest rail union, which represents the industry's conductors, rejected a tentative labor deal with freight railroads, the union announced Monday. That significantly raises the chance that major freight railroads crucial to the nation's economy could be brought to a halt by a strike early next month.
- 11/21/2022
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Key railroad union rejects contract as strike looms
- One of two of the country's largest railroad unions said Monday their members voted to reject a new wage deal brokered by the White House, moving closer to a labor strike that could disrupt some supply chains as soon as early December.
- 11/21/2022
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Largest railroad union rejects labor deal as strike concerns loom
- Yahoo Finance Live's Julie Hyman reports that the largest railroad union has rejected a tentative labor deal, leading many to believe a strike is in the future.
- 11/21/2022
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Railroad Unions Split Over Labor Contract
- Members of the conductors union narrowly voted to reject a new wage deal brokered by the White House, while the engineers union narrowly ratified the deal.
- 11/21/2022
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Key Union Votes Down Freight Rail Contract, Making Strike More Likely
- The tentative agreement, brokered in September with help from the Biden administration, had averted a strike before the midterm elections.
- 11/21/2022
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Large rail union SMART-TD votes to reject labor deal as national strike moves closer
- SMART-TD, one of the largest rail unions, voted down a labor deal and a national strike could begin in December, a serious blow to the economy.
- 11/21/2022
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With U.S. economy at risk, here's how a national rail strike could start in December
- Key rail union votes and decisions are coming as UPS, retailers, and the U.S. economy prepare for a potential strike that could shut down the freight network.
- 11/17/2022
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Norfolk Southern to present at the Stephens Annual Investment Conference
- ATLANTA , Nov. 9, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw and Executive Vice President and Chief Financial Officer Mark George will make a presentation at the Stephens Annual Investment Conference.
- 11/09/2022
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Slew of Solid Q3 Earnings Pushes Transport ETFs Higher
- Transport sector is the second-biggest contributor to Q3 earnings and the third-largest contributor to revenue growth so far.
- 11/04/2022
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This Railroad Stock Just Saw Profits Jump 27%
- Despite staffing challenges and union negotiations in a slowing economy, Norfolk Southern remains optimistic.
- 10/30/2022
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Second railroad union votes down deal needed to avert nationwide strike
- A second rail union, Brotherhood of Railroad Signalmen, voted overwhelmingly to reject a deal with railroad companies needed to avert a nationwide strike.
- 10/26/2022
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Norfolk Southern (NSC) Q3 Earnings & Revenues Top, Rise Y/Y
- High costs limit bottom-line growth at Norfolk Southern (NSC) in Q322.
- 10/26/2022
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A Long-Term Investor's View On Norfolk Southern
- Norfolk Southern is dealing with declining economic growth, high inflation, and post-pandemic operating issues. Despite these challenges, the third quarter was a success. Hiring is ahead of plan, pricing is strong, and the operating performance was better than expected.
- 10/26/2022
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Union Pacific Vs. Norfolk Southern: Which One Is The Better Stock?
- Union Pacific and Norfolk Southern are two very high-quality railroad companies. Their shares, which are currently almost 30% below their 52-week highs, warrant an in-depth comparative analysis. In this article, I will compare the two companies in terms of profitability, growth, shareholder returns, and balance sheet quality.
- 10/26/2022
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Norfolk Southern Corp (NSC) Q3 2022 Earnings Call Transcript
- Norfolk Southern Corp (NYSE:NSC ) Q3 2022 Earnings Conference Call October 26, 2022 8:45 AM ET Company Participants Luke Nichols - IR Alan Shaw - President, CEO & Director Cynthia Sanborn - EVP & COO Claude Elkins - EVP & CMO Mark George - EVP, Finance & CFO Conference Call Participants Justin Long - Stephens Christian Wetherbee - Citigroup Scott Group - Wolfe Research Ariel Rosa - Crédit Suisse Brandon Oglenski - Barclays Bank Thomas Wadewitz - UBS Jonathan Chappell - Evercore ISI Cherilyn Radbourne - TD Securities Jordan Alliger - Goldman Sachs Group Benjamin Nolan - Stifel, Nicolaus & Company Kenneth Hoexter - Bank of America Merrill Lynch Amit Mehrotra - Deutsche Bank Bascome Majors - Susquehanna Jeffrey Kauffman - Vertical Research Partners Walter Spracklin - RBC Capital Markets Jason Seidl - Cowen and Company Operator Greetings, and welcome to the Norfolk Southern Corporation Third Quarter 2022 Earnings Call. [Operator Instructions].
- 10/26/2022
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Norfolk Southern CEO on innovative solutions for supply chain disruptions
- Alan Shaw, Norfolk Southern CEO, joins 'Squawk on the Street' to offer his take on the current state of the U.S. economy and discuss overcoming supply chain disruptions, and expanding Norfolk Southern's intermodal franchise for growth.
- 10/26/2022
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Norfolk Southern (NSC) Surpasses Q3 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 12.64% and 3.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2022
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Will Norfolk Southern Stock Move Higher Following Q3 Results?
- Norfolk Southern (NYSE: NSC) is scheduled to report its Q3 2022 results on Wednesday, October 26.
- 10/21/2022
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3 Blue-Chip Transportation Stocks on Investors' Watch List
- Dividend-paying Transportation stocks like UPS, Union Pacific (UNP) and Norfolk Southern (NSC) should be on an investor's radar amid the prevalent uncertain scenario.
- 10/17/2022
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Railroad strike could be back on table as third largest union rejects deal brokered by Biden administration
- OMAHA, Neb. (AP) — The U.S.'s third largest railroad union rejected a deal with employers Monday, renewing the possibility of a strike that could cripple the economy.
- 10/10/2022
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Norfolk Southern (NSC) Could Be a Great Choice
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Norfolk Southern (NSC) have what it takes?
- 10/04/2022
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Norfolk Southern to Announce Q3 2022 Earnings Results on October 26
- ATLANTA , Oct. 4, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its third quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, October 26, 2022.
- 10/04/2022
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Norfolk Southern (NSC) Strong on Dividends Despite Cost Woes
- In first-half 2022, fuel expenses surge 94% year over year at Norfolk Southern (NSC).
- 10/03/2022
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CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating' outlook
- Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years, after UBS analyst Thomas Wadewitz backed away from his long-time bullish stances on the railroad operators, citing a “deteriorating” economic outlook.
- 09/27/2022
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Railroads vs. unions: What's next and why the strike threat isn't over
- The threat of a strike from freight railroad unions isn't over. One union has already rejected the tentative deal and said it could strike at the end of the month.
- 09/19/2022
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Railroad worker shortage ‘blame' goes on Biden: Freedom Foundation CEO
- Freedom Foundation CEO Aaron Withe argues Biden's economy leaves the blue-collar worker behind. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
- 09/16/2022
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Biden to ‘blame' for what could've been a ‘disastrous' railroad strike: Freedom Foundation CEO
- Freedom Foundation CEO Aaron Withe blasted Biden's economy and "poor working conditions" for railroad workers as the cause of the now-averted labor strike conflict.
- 09/16/2022
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Transportation Sec. Pete Buttigieg: Tentative railroad labor deal has a lot of support among members
- Transportation Sec. Pete Buttigieg joins CNBC's 'Squawk Box' to discuss the Biden administration's efforts to strike a labor deal between industry and railroad workers, inflation, and more.
- 09/16/2022
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U.S. railroad worker fight for pay, benefits could be model for other deals
- Union railworkers in the United States scored a potential key victory in their fight for improved pay and working conditions on Thursday in what could be a model for other unions.
- 09/15/2022
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Railroad strike averted after tentative deal reached with unions and carriers
- The Department of Labor announced a 'tentative' deal to avert a crucial railroad strike this morning. The new contract provides a 24% pay increase over five years and extra paid time off.
- 09/15/2022
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Trains Will Keep Rolling After Labor Deal Reached
- Freight trains will keep rolling after railroad and union representatives reached a tentative deal to avoid a strike. President Joe Biden calls it a "big win for America.
- 09/15/2022
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Class I railroads work to quickly resume operations
- The U.S. operations of the Class I railroads are working to resume operations “immediately” now that a deal has been reached to avoid a strike by union members on Friday. Two of the largest labor unions — those representing locomotive engineers and train conductors — reached an eleventh-hour tentative agreement with the railroads.
- 09/15/2022
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Workers Say Railroads' Efficiency Push Became Too Much
- Employees say the inflexibility of scheduling upended their personal lives. The companies say they maintained service while using fewer resources.
- 09/15/2022
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Rail Deal Good for Unions and Railroads: Biden
- President Joe Biden hailed a tentative agreement railroads and unions reached to avert a work stoppage that threatened the US economy. "This agreement is a big win for America," Biden said in a speech from the White House Rose Garden on Thursday.
- 09/15/2022
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Rail Strike, 'Significant Damage' To Economy Derailed, Biden Announces
- A rail strike which could have brought key shipments to a standstill, straining the high-inflation economy, seems to have been averted. The post Rail Strike, 'Significant Damage' To Economy Derailed, Biden Announces appeared first on Investor's Business Daily.
- 09/15/2022
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Railroads and unions reach tentative agreement by addressing key attendance policy
- Freight railroad unions and management reached a tentative deal to avert a strike, addressing a key attendance policy that had been holding up the deal.
- 09/15/2022
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Railroad strike averted as White House reaches tentative agreement with workers
- Yahoo Finance's Kevin Cirilli joins the Live show to discuss the White House's five-year tentative agreement with railroad strikers.
- 09/15/2022
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US stocks fall as jobless claims drop and railroad union deal averts strike
- Weekly jobless claims fell for a fifth straight week last week to 213,000, below economist estimates for 227,000 in jobless claims.
- 09/15/2022
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Rail unions have reached a tentative deal to avert economy-rattling strike
- After 20 hours of talks, the White House helped avert a strike that would've cost $2 billion a day. Rail workers will get better pay and conditions.
- 09/15/2022
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Railroads wind down some operations; White House eyes options to move freight
- The U.S.-based Class I railroads have been taking steps this week to prepare for a potential strike by union members after midnight Friday by embargoing security-sensitive material and even winding down operations for intermodal and temperature-controlled rail traffic. On Wednesday, Norfolk Southern (NYSE: NSC) will close all its gates to intermodal traffic at 5 p.m.
- 09/14/2022
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U.S. railroad strike hinges on dispute over attendance policies
- One of the labor unions representing U.S. railroad workers said Wednesday its members rejected a tentative agreement its leaders had reached, a setback in efforts to avoid a potential strike that would disrupt the movement of goods across the country.
- 09/14/2022
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Norfolk Southern: Dividend Growth Investor's Dream, But Strike Looms On Horizon
- Shipping by rail is less expensive than trucking and is approximately four times more fuel-efficient per ton-mile. Norfolk Southern Corporation's automotive-related freight is set to recover after being negatively impacted by the semiconductor shortage.
- 09/14/2022
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US Rail Strike Could Cost $2 Billion a Day
- US railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world's biggest economy more than $2 billion a day. Bloomberg's Mike McKee reports.
- 09/14/2022
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Railroad stocks fall, help drag Dow transports down in an up market
- Shares of railroad operators fell Wednesday, helping drag the Dow Jones Transportation Average DJT, -1.02% down by 1.3% in midday trading despite a 39-point gain in the Dow Jones Industrial Average DJIA, +0.13% and 0.3% rise in the S&P 500 SPX, +0.29% , amid concerns over a possible labor strike. Shares of Union Pacific Corp. UNP, -4.53% shed 4.8%, Norfolk Southern Corp. NSC, -2.74% dropped 2.8% and CSX Corp. CSX, -2.42% slumped 2.6%.
- 09/14/2022
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Railroads say they won't lock out workers as negotiators meet with Labor Secretary Walsh
- Railroads have already started diverting freight. A strike could cost the U.S. economy more than $2 billion a day.
- 09/14/2022
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Countdown to massive rail strike
- CNBC's Lori Ann Larocco reports on a pending rail strike. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Julie Biel, Tim Seymour and Brian Kelly.
- 09/13/2022
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Threat of Work Stoppage by Railroads Looms Large: An Analysis
- Operations by railroads like UNP, NSC and CSX will be disrupted if the strike materializes. This, in turn, will deal a massive blow to the economy.
- 09/13/2022
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Railroads set to halt transport of hazardous materials ahead of strike deadline
- Freight railroads said they are planning to halt the transport of hazardous materials and sensitive cargoes, such as chemicals used in fertilizer and chlorine for water purification, as they continue negotiations with two labor unions.
- 09/12/2022
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Railroad Dispute: White House Tries To Avert $2 Billion A Day Transportation Strike
- Biden administration officials have begun to prepare for a strike that could shut down thousands of freight trains as well as disrupt passenger operations.
- 09/12/2022
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U.S. railroad strike may be imminent as freight union talks continue
- S. railroad strike may be imminent as freight union talks continue Yahoo Finance's Dani Romero joins the Live show to discuss the imminent strike facing the U.S. railroad industry and the effects it could have on shipping and labor unions.
- 09/12/2022
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Class I railroads to suspend security-sensitive shipments ahead of potential strike
- The Class I railroads are preparing to adjust operations in the event a strike occurs on Friday, saying they will suspend the shipments of security-sensitive and hazardous material. A late-day Friday service update from Norfolk Southern Chief Marketing Officer Ed Elkins describes how NS (NYSE: NSC) will start to issue embargoes for certain types of shipments, including rail security-sensitive material.
- 09/09/2022
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Some Class I railroads optimistic about volume growth, hiring initiatives
- U.S. Class I railroads remain optimistic that hiring initiatives and operational changes should bring about improved service for the remainder of the year and into 2023, according to top executives' remarks at a recent investor conference. “We're in pretty smooth sailing for the rest of the fall, and I expect continuous improvement in terms of increasing car velocity, improved utilization of crews and improved car-per-carload metrics,” said Union Pacific (NYSE: UNP) President and CEO Lance Fritz at a recent conference sponsored by investment firm Cowen.
- 09/09/2022
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2 Railroad Stocks With Impressive Dividend Yield to Watch
- Investors should keep tabs on dividend-growth railroad stocks like Union Pacific (UNP) and Norfolk Southern (NSC).
- 09/09/2022
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West Coast port congestion leads Norfolk Southern, Union Pacific to test new ideas in cross-country rail shipping
- There's a new way ports, ocean carriers and rails are move shipping containers across the U.S. as a result of West Coast port congestion.
- 09/07/2022
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This Trucking Company Is Likely A Better Pick Over Norfolk Southern Stock
- There is more to the comparison, and in the sections below, we discuss why we believe ODFL stock will offer better returns than NSC stock in the next three years.
- 09/06/2022
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Norfolk Southern to present at Cowen Annual Global Transportation and Sustainable Mobility Conference
- ATLANTA , Sept. 1, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan Shaw, Executive Vice President and Chief Financial Officer Mark George, and Executive Vice President and Chief Marketing Officer Ed Elkins will make a presentation at the Cowen Annual Global Transportation & Sustainable Mobility Conference.
- 09/01/2022
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Norfolk Southern: Using Challenges To Our Advantage
- In this article, I start by diving into the ongoing labor dispute with Class I railroads in the United States, which will lead to high wage inflation. Norfolk Southern is dealing with operating inefficiencies and higher costs related to solving these problems.
- 09/01/2022
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4 Top Railroad Stocks to Benefit from Strong Freight Demand
- The Zacks Transportation - Rail industry is gaining from a favorable freight environment. This bodes well for stocks like UNP, CP, CSX and NSC.
- 08/31/2022
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Norfolk Southern, CSX tout progress on sustainability
- Recent reports from CSX and Norfolk Southern detail their efforts toward reaching a range of sustainability goals. Here's what they said: Norfolk Southern lists GHG emission reduction and recycling achievements NS (NYSE: NSC) is making progress toward its reduction targets for greenhouse gas emissions, according to its 2022 sustainability report, which describes the company's activities in 2021.
- 08/14/2022
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Norfolk Southern to present at Deutsche Bank 2022 Transportation Conference
- ATLANTA , Aug. 12, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Deutsche Bank 2022 Transportation Conference.
- 08/12/2022
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Norfolk Southern boosts conductor trainees more than 700% to fight off labor shortages
- Shares of Norfolk Southern Corp. sank Wednesday, after the railroad operator reported second-quarter revenue that rose above expectations but volume that declined and profit that missed, as fuel and materials expenses surged.
- 07/27/2022
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Norfolk Southern (NSC) Q2 Earnings & Revenues Top, Rise Y/Y
- Norfolk Southern (NSC) second-quarter 2022 earnings and revenues increase year over year.
- 07/27/2022
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Norfolk Southern Corporation's (NSC) CEO Alan Shaw on Q2 2022 Results - Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q2 2022 Earnings Conference Call July 27, 2022 8:45 AM ET Company Participants Luke Nichols – Senior Director of Investor Relations Alan Shaw – President and Chief Executive Officer Cindy Sanborn – Chief Operating Officer Ed Elkins – Chief Marketing Officer Mark George – Chief Financial Officer Conference Call Participants Jordan Alliger – Goldman Sachs Brian Ossenbeck – JPMorgan Chris Wetherbee – Citi Jason Seidl – Cowen Scott Group – Wolfe Research Ben Nolan – Stifel Justin Long – Stephens Jon Chappell – Evercore ISI Ken Hoexter – Bank of America Tom Wadewitz – UBS Amit Mehrotra – Deutsche Bank Ari Rosa – Credit Suisse Brandon Oglenski – Barclays Ravi Shanker – Morgan Stanley Bascome Majors – Susquehanna Jeff Kauffman – Vertical Research Partners David Vernon – Bernstein Operator Greetings, and welcome to the Norfolk Southern Corporation's Second Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode.
- 07/27/2022
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Norfolk Southern (NSC) Q2 Earnings and Revenues Beat Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 0.29% and 3.66%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2022
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Norfolk Southern to increase conductor trainee pay to $25 an hour and add biweekly $300 incentive
- Norfolk Southern Corp. NSC, +0.71% said Thursday it is increasing pay for its conductor trainees to $25 an hour with a minimum fo $200 in earnings per shift. The railroad operator said it's also offering an on-the-job training incentive of $300 per bi-weekly pay period, for trainees who make themselves available for work.
- 07/21/2022
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Will Volume Woes Mar Norfolk Southern's (NSC) Q2 Earnings?
- High fuel costs are likely to have hit Norfolk Southern's (NSC) bottom-line performance in Q2.
- 07/20/2022
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Will Norfolk Southern Stock Move Higher Following Q2 Results?
- Revenues expected to be aligned with the consensus estimates Trefis estimates Norfolk Southern's Q2 2022 revenues to be around $3.1 billion, reflecting an 11% y-o-y growth and aligning with the consensus estimate.
- 07/20/2022
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Railroads Are a Solid Defensive Investment
- Investing in the current environment is challenging, and there is really no other way of putting it. There are substantial macroeconomic headwinds that threaten to hit growth and curb investment plans, which will have knock-on effects on other industries.
- 07/19/2022
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Are You Looking for a High-Growth Dividend Stock?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Norfolk Southern (NSC) have what it takes?
- 07/18/2022
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What To Make Of Norfolk Southern's Dividends
- Norfolk Southern is selling off as a result of lower economic growth expectations and ongoing headwinds related to labor and operating efficiencies. Yet, I'm using this opportunity to buy more shares as I am a huge fan of its characteristics as a dividend growth stock and its supply chain dominance.
- 07/17/2022
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Why Stifel Analysts Upgraded These Rail Stocks To A Buy: 'It Shouldn't Be As Bad As 2006-2009'
- CSX Corporation (NASDAQ: CSX) and Norfolk Southern Corp. (NYSE: NSC) traded higher on Friday after Stifel upgraded the two companies from a Hold rating to a Buy rating. In the recent industry report, Benjamin Nolan analyzed the current state of American railways and offered insight on recessionary.
- 07/16/2022
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Factors to Decide the Fate of CSX This Earnings Season
- Higher revenues are likely to have aided CSX's Q2 performance.
- 07/15/2022
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Why Norfolk Southern (NSC) Could Beat Earnings Estimates Again
- Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/13/2022
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Union Pacific, Norfolk Southern stocks drop after JPMorgan downgrades, citing recession risks
- Shares of Union Pacific Corp. sank 1.6% and Norfolk Southern Corp. dropped 0.8% in midday trading Tuesday, after JPMorgan analyst Brian Ossenbeck downgraded both railroad operators to neutral from overweight, citing lower earnings expectations due to persistently weak operations and lower economic forecasts. Ossenbeck said that although the stocks' risk-versus-reward profiles appears balanced given that prices have already dropped from peak valuations levels in late March, the selloffs have not yet priced in the full impact of a potential freight recession, and the consensus analyst earnings estimates actually went.
- 07/12/2022
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Norfolk Southern to Announce Q2 2022 Earnings on July 27
- ATLANTA , July 5, 2022 /PRNewswire/ -- 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 Wednesday, July 27, 2022.
- 07/05/2022
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Why Norfolk Southern (NSC) is a Great Dividend Stock Right Now
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Norfolk Southern (NSC) have what it takes?
- 06/29/2022
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Why Investors Should Buy Norfolk Southern (NSC) Stock Now
- Efforts to reward its shareholders through dividends and buybacks bode well for Norfolk Southern (NSC).
- 06/28/2022
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Norfolk Southern launches new intermodal operating plan
- NS introduces new operating plan for intermodal shipments Norfolk Southern has officially launched its new operating plan aimed at boosting intermodal service. It's called TOP|SPG, standing for “Thoroughbred Operating Plans” and “service, productivity and growth,” NS (NYSE: NSC) said Monday.
- 06/28/2022
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Norfolk Southern (NSC) Launches Operating Plan to Foster Growth
- Norfolk Southern's (NSC) new operating plan, which focuses on its intermodal unit, is aimed at improving service, productivity and growth.
- 06/28/2022
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Norfolk Southern connecting East, West coasts with expedited intermodal service
- Norfolk Southern's new initiative to provide expedited service between the East and West coasts with three partners — ocean carrier Hapag-Lloyd, western U.S. Class I counterpart Union Pacific and the Port of Virginia — suggests the four parties are seeking opportunities to maximize recent capital investments while also addressing ongoing congestion. NS (NYSE: NSC) said the partnership, named OceaNS Bridge Express, will provide shippers a new option to reach West Coast markets.
- 06/13/2022
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Should You Buy Norfolk Southern Stock At $240?
- Norfolk Southern stock (NYSE: NSC), which currently trades at $237 per share, looks like a good investment opportunity.
- 06/13/2022
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Norfolk Southern's (NSC) New Service to Connect East-West Coasts
- Norfolk Southern (NSC) announces a new service in partnership with Union Pacific for an expedited movement of containers from the East Coast to the West.
- 06/09/2022
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Norfolk Southern's (NSC) Dividends a Savior, Volume Woes Sting
- Supply-chain woes represent a major headwind to the Norfolk Southern (NSC) stock.
- 05/31/2022
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Norfolk Southern (NSC) is a Top Dividend Stock Right Now: Should You Buy?
- Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Norfolk Southern (NSC) have what it takes?
- 05/27/2022
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Why Is Norfolk Southern (NSC) Down 11% Since Last Earnings Report?
- Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock?
- 05/27/2022
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Rail shippers applaud federal appeals court ruling on alleged price fixing
- Attorneys representing shippers in litigation involving four Class I railroads praised a federal appeals court decision this week that clarified what evidence can be submitted in two cases involving alleged price fixing in the early 2000s. Stephen Neuwirth, an attorney with Quinn Emanuel Urqhuart & Sullivan, said in a statement that the “opinion will greatly assist the shippers in making their antitrust case against the railroads.
- 05/20/2022
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Norfolk Southern to present at 15th Annual Wolfe Research Global Transportation & Industrials Conference
- ATLANTA , May 19, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer, Alan H. Shaw and Executive Vice President and Chief Financial Officer, Mark R.
- 05/19/2022
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The Perpetual Money Machine Strategy
- Some investments grow without really requiring any effort from investors. The secret is to look for stocks with high ROIC.
- 05/17/2022
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Norfolk Southern to present at Bank of America's 2022 Transportation and Airlines Conference
- ATLANTA , May 11, 2022 /PRNewswire/ -- Norfolk Southern Corporation's (NYSE: NSC) President and Chief Executive Officer, Alan H. Shaw, will make a presentation at Bank of America's 2022 Transportation and Airlines Conference.
- 05/11/2022
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A Look at Transport ETFs Post Q1 Earnings
- The first-quarter earnings picture for the transportation sector has been mixed.
- 05/11/2022
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4 Railroad Stocks to Watch Amid Industry's Rosy Near-Term Outlook
- Despite headwinds, healthy freight demand makes the Zacks Transportation - Rail industry's near-term prospects appear bright. Amid this positivity, UNP, CSX, CP and NSC are poised for growth.
- 04/28/2022
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Norfolk Southern launching operational plan for intermodal and bulk
- Norfolk Southern is preparing to launch the next stage of its streamlined operational plan, with improving intermodal and bulk moves being the target, executives said during the company's first-quarter earnings call Wednesday morning. The plan, Top SPG, which stands for service, productivity and growth, will be launched sometime late in the second quarter of this year.
- 04/27/2022
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Norfolk Southern Shares Pop After Q1 Results Beat Estimates
- Norfolk Southern Corp (NYSE: NSC) reported first-quarter FY22 railway operating revenue growth of 10% year-over-year to $2.9 billion, beating the consensus of $2.84 billion. Revenue was driven by a 16% increase in revenue per unit.
- 04/27/2022
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Norfolk Southern's (NSC) Q1 Earnings Beat on Higher Revenues
- Despite softness in volumes, Norfolk Southern's (NSC) Q1 results benefit from higher revenues across all key segments.
- 04/27/2022
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Markets Await More Earnings Data
- Markets Await More Earnings Data
- 04/27/2022
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Norfolk Southern Corporation (NSC) Management on Q1 2022 Results - Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC ) Q1 2022 Earnings Conference Call April 27, 2022 8:45 AM ET Company Participants Meghan Achimasi - Senior Director of Investor Relations Alan Shaw - President Cindy Sanborn - Chief Operating Officer Ed Elkins - Chief Marketing Officer Mark George - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Brandon Oglenski - Barclays Jon Chappell - Evercore ISI Scott Group - Wolfe Research Jason Seidl - Cowen Brian Ossenbeck - JPMorgan Jordan Alliger - Goldman Sachs Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Amit Mehrotra - Deutsche Bank Justin Long - Stephens Inc. Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Cherilyn Radbourne - TD Securities Ben Nolan - Stifel David Vernon - Bernstein Bascome Majors - Susquehanna. Operator Greetings, and welcome to Norfolk Southern Corporation's First Quarter 2022 Earnings Call.
- 04/27/2022
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Norfolk Southern (NSC) Tops Q1 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 0.69% and 3.39%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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Rail regulators want to speed emergency service responses
- The Surface Transportation Board has issued a notice of proposed rulemaking that would modify existing emergency service rules so the board could “act on its own initiative” to respond to service emergencies. The proposed rule would also set up an accelerated process to tackle acute service emergencies.
- 04/23/2022
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Why Norfolk Southern (NSC) Could Beat Earnings Estimates Again
- Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/22/2022
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Will Volume Softness Mar Norfolk Southern's (NSC) Q1 Earnings?
- While supply chain disruptions are likely to have hurt Norfolk Southern's (NSC) volumes in Q1, strong freight market conditions are expected to have aided performance.
- 04/20/2022
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Q1 rail earnings preview: Service metrics, headcount, macro uncertainties
- As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads' recent hiring initiatives will translate into improving service metrics in the second half of the year. However, a potential softening in freight transportation demand plus higher inflation rates are market factors that could weigh on the second half of 2022.
- 04/19/2022
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Norfolk Southern to Announce Q1 2022 Earnings on April 27
- ATLANTA , April 5, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 27, 2022.
- 04/05/2022
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Norfolk Southern (NSC) Rewards Investors Via New Buyback Plan
- Norfolk Southern's (NSC) board has authorized a new $10-billion stock repurchase plan, starting Apr 1.
- 03/30/2022
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Railroad Stock Continues Rally After Buyback Announcement
- Norfolk Southern Corp (NYSE:NSC) is in the spotlight this morning, after the railroad operator announced a $10 billion share repurchase program.
- 03/30/2022
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6 Best Transportation Stocks To Buy Right Now: FedEx, UPS And More
- Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels.
- 03/30/2022
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Grain shippers want regulators to press railroads on service issues
- U.S. grain shippers are asking federal regulators to press the Class I railroads to relieve “significant” service disruptions throughout the national rail network. In a letter to the Surface Transportation Board, the National Grain and Feed Association (NGFA) said at least one of the group's members had spent $3 million on secondary freight because the member didn't have the animal feed it would otherwise receive from a rail shipment.
- 03/29/2022
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3 Dividend Stocks to Buy Hand Over Fist
- Each of these stocks pays consistently growing, market-beating dividends.
- 03/27/2022
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Norfolk Southern, Wabtec to modernize 300 NS locomotives
- Norfolk Southern plans to modernize 300 more locomotives with help from Wabtec as part of NS' broader initiative to reduce carbon emissions and improve fuel efficiency. Wabtec (NYSE: WAB) has already modernized 500 locomotives belonging to NS (NYSE: NSC), both companies announced last August.
- 03/23/2022
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Investing in Railroad Stocks
- A guide to the businesses that keep America rolling.
- 03/22/2022
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Norfolk Southern revamps online carbon calculator
- Norfolk Southern has developed a second iteration of its online carbon calculator, which the railroad says will help customers meet their sustainability goals. Customers can use the calculator to measure their shipments' carbon emissions.
- 03/15/2022
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Norfolk Southern (NSC) Up 9.2% in Six Months: More Upside Left?
- Norfolk Southern's (NSC) strong free cash flow generating ability supports its shareholder-friendly activities.
- 03/14/2022
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Norfolk Southern (NSC) Up 9.2% in Six Months: More Upside Left?
- Norfolk Southern's (NSC) strong free cash flow generating ability supports its shareholder-friendly activities.
- 03/14/2022
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This Railcar Company May Offer Better Returns Over Norfolk Southern Stock
- We think that Trinity stock , a provider of railcar products and services, currently is a better pick compared to Norfolk Southern stock, given its comparatively lower valuation and better prospects. NSC stock trades at 6.2x trailing revenues, compared to 1.8x for TRN stock.
- 03/14/2022
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Norfolk Southern, Amtrak seek to restore Northeast service after derailment
- Norfolk Southern, Amtrak and federal authorities are working together to fully restore passenger rail service on the Northeast corridor after 20 loaded coal cars derailed 20 miles north of Baltimore early Saturday morning. NS (NYSE: NSC) said it is working to restore service as quickly as possible, NS spokesman Connor Spielmaker told FreightWaves.
- 03/06/2022
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This Stock Is A Better Pick Over Norfolk Southern
- We think that Intuit stock, a company that specializes in financial and tax preparation software, currently is a better pick compared to Norfolk Southern stock, despite INTU being more expensive of the two with its P/S ratio of 13.2x, compared to 5.8x for CSX. We compare these two companies due.
- 03/01/2022
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Norfolk Southern seeks to boost capacity through hiring, operational changes
- Norfolk Southern admits that its rail network is congested, particularly for international intermodal and automotive products services. But the railroad hopes that aggressive efforts to hire additional employees will address the capacity constraints, NS President Alan Shaw said at the Citi industrial tech and mobility conference this week.
- 02/23/2022
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Bert's January 2022 Dividend Income Summary
- Between inflation, interest rate hikes, and potential global conflicts, the market continues to swing up and down on a regular basis.
- 02/21/2022
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Norfolk Southern to present at Citi's 2022 Global Industrial Tech and Mobility Conference
- ATLANTA, Feb. 17, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President Alan H. Shaw and Executive Vice President and Chief Financial Officer, Mark R.
- 02/17/2022
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Dividend Income Summary: Lanny's January 2022 Summary
- Dividend Income Summary: Lanny's January 2022 Summary
- 02/07/2022
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CSX, Norfolk Southern tout intermodal investments in South, Midwest
- Eastern U.S. railroads CSX and Norfolk Southern are involved in two projects aimed at bolstering intermodal infrastructure and assets in the South and Midwest. Inland container transfer facility planned to support Port of Mobile The Alabama Port Authority has approved a $2.04 million purchase of 272 acres in Montgomery for construction of an inland container intermodal transfer facility that will support container traffic from the Port of Mobile.
- 01/31/2022
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Norfolk Southern: What Dividend Investors Need To Know
- Norfolk Southern reported fantastic earnings in a somewhat challenging environment.
- 01/30/2022
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Norfolk Southern (NSC) Q4 Earnings Beat, Rise 18.2% Y/Y
- With revenue growth outpacing the rise in costs, operating ratio improves year over year in Q4 at Norfolk Southern (NSC).
- 01/26/2022
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Norfolk Southern Corporation (NSC) CEO Jim Squires on Q4 2021 Results - Earnings Call Transcript
- Norfolk Southern Corporation (NSC) CEO Jim Squires on Q4 2021 Results - Earnings Call Transcript
- 01/26/2022
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Norfolk Southern (NSC) Surpasses Q4 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 2.63% and 2.23%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/26/2022
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Will Norfolk Southern Stock Move Higher Following Q4 Results?
- Norfolk Southern is scheduled to report its Q4 2021 results on Wednesday, January 26. We expect the company to likely post revenue in-line and earnings slightly above the street expectations.
- 01/26/2022
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Will Norfolk Southern Stock Move Higher Following Q4 Results?
- Overall revenue will likely see y-o-y growth in low double-digits, led by an expected increase in coal transportation as well as a rebound in merchandise freight.
- 01/25/2022
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Norfolk Southern raises dividend to boost implied yield further above the S&P 500
- Norfolk Southern Corp. NSC, -1.59% said Tuesday it will raise its quarterly dividend by 15 cents, to $1.24 a share from $1.09 a share. The railroad company's stock fell 2.2% in morning trading, but outperformed the Dow Jones Transportation Average DJT, -2.36% , which dove 2.8%.
- 01/25/2022
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4 Transportation Stocks Poised for an Earnings Beat in Q4
- Escalating fuel costs are likely to have partly hurt the fourth-quarter 2021 performances of Expeditors (EXPD), Norfolk Southern (NSC), Landstar (LSTR) and Gol Linhas (GOL).
- 01/24/2022
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Should You Buy Norfolk Southern (NSC) Ahead of Earnings?
- Norfolk Southern (NSC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/24/2022
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Norfolk Southern (NSC) to Post Q4 Earnings: Is a Beat Likely?
- Despite supply-chain issues, Norfolk Southern's (NSC) overall revenues are likely to have improved year over year in Q4.
- 01/19/2022
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Norfolk Southern (NSC) Reports Next Week: Wall Street Expects Earnings Growth
- Norfolk Southern (NSC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/19/2022
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Why Norfolk Southern (NSC) Could Beat Earnings Estimates Again
- Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/14/2022
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Wells Fargo Bumps Up Price Targets For Several Transportation Companies
- Wells Fargo analyst Allison Poliniak-Cusic raised price targets for several transportation companies. The analyst raised GATX Corp's (NYSE:GATX) price target to $120 (an upside of 18%) from $110 and maintained an Overweight rating on the shares.
- 01/10/2022
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What's Happening With Norfolk Southern's Coal Freight Business?
- Coal shipments have been trending higher for railroad companies, including Norfolk Southern over the recent quarters. The year 2021 marked a sharp rebound in economic activities, resulting in a surge in demand for oil and natural gas.
- 01/05/2022
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Norfolk Southern to Announce Q4 2021 Earnings on January 26
- ATLANTA, Dec. 30, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its fourth-quarter financial results during a live conference call and internet webcast at 8:45 a.m. EST on Wednesday, January 26, 2022.
- 12/30/2021
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Norfolk Southern - Almost A 'Must-Have'
- It's a tough market environment for dividend investors as yields have fallen off a cliff due to inflation and a zero rate Fed policy. Norfolk Southern, although flying under the radar, offers tremendous dividend growth and long-term alpha.
- 12/29/2021
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4 Railroad Stocks to Watch Out For Despite Industry's Near-Term Woes
- Persistent supply chain disruptions dull the Zacks Transportation - Rail industry's near-term prospects. However, strong freight demand being the saving grace, UNP, CNI, CSX and NSC are expected to gain.
- 12/27/2021
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Strong Liquidity Boosts Norfolk (NSC), High Fuel Costs Ail
- Rising volume and a solid balance sheet drive Norfolk Southern (NSC). An increase in fuel costs is a headwind.
- 12/27/2021
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3 Top Blue-Chip Dividend Stocks to Buy in 2022 and Hold Forever
- These companies combine value and income in a well-rounded basket.
- 12/22/2021
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Norfolk Southern initiative incentivizes loaded trucks out of Chicago
- Norfolk Southern is testing a pilot program at the busy Landers intermodal facility in Chicago, offering a $200 incentive to truck carriers and steamship lines each time a drayage driver brings in and departs with a shipping container. The Dual Mission Reward Program is also being conducted at NS' Kansas City intermodal facility in Missouri.
- 12/21/2021
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UBS Bumps Up Price Target For Two Railroad Companies
- UBS analyst Thomas Wadewitz raised Norfolk Southern Corp's (NYSE:NSC) price target to $343 (an upside of 19.6%) from $320 and maintained a Buy rating on the shares as part of a broader research note on U.S. Transportation. Wadewitz notes that as inventory builds up on the West Coast and as port fluidity continues to deteriorate, rail and intermodal are "winners in a supply chain loosening scenario.
- 12/15/2021
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Norfolk Southern Stock Appears To Be A Better Pick Over This Trucking Company
- We think that Norfolk Southern stock currently is a better pick compared to Old Dominion Freight Line, despite Old Dominion Freight Line's revenue growing at a faster pace over the recent years. Our view stems from the comparatively lower valuation of Norfolk Southern and its better profitability.
- 12/08/2021
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Norfolk Southern (NSC) Picks New CEO, Squires to Retire in '22
- Norfolk Southern (NSC) chooses veteran Alan Shaw to succeed James Squires as the new CEO when the latter retires in May 2022.
- 12/03/2021
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Norfolk Southern taps Shaw to succeed retiring CEO Squires
- Norfolk Southern CEO Jim Squires will retire on May 1, 2022, and EVP and Chief Marketing Officer Alan Shaw will take the helm, the company announced Thursday. “This is the right moment for a leadership transition,” said Squires.
- 12/02/2021
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Norfolk Southern CEO James Squires to retire next year
- Norfolk Southern Corp. NSC, +1.43% said Thursday that Chief Executive James Squires will retire on May 1, 2022, after about seven years in the role. Squires has also been chairman of the freight railroad company's board since October 2015, and president of the company since 2013.
- 12/02/2021
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STB chairman wants Norfolk Southern to explain deteriorating service
- Surface Transportation Board Chairman Marty Oberman wants Norfolk Southern to explain how it intends to improve service amid deteriorating performance metrics and rising complaints. Oberman, in a letter Tuesday to NS President and CEO Jim Squires, called for NS (NYSE: NSC) to provide a review of the state of the network, including an assessment of why its service metrics aren't near 2019 levels.
- 11/26/2021
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Union Pacific, Norfolk Southern vaccine lawsuits combined in court
- Ongoing lawsuits between railroad unions and two Class I railroads over requiring employees to get the COVID-19 vaccine have been consolidated in federal court. The U.S. District Court for the Northern District of Illinois on Nov. 17 combined two proceedings, one involving Union Pacific (NYSE: UNP) and the other involving Norfolk Southern (NYSE: NSC), according to a Monday update from the Brotherhood of Locomotive Engineers and Trainmen (BLET).
- 11/26/2021
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Norfolk Southern to present at Stephens Annual Investment Conference 2021
- ATLANTA, Nov. 23, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer, Mark R. George, and Executive Vice President and Chief Marketing Officer, Alan H.
- 11/23/2021
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3 Railroad Stocks to Board Before a Breakout
- Railroads aren't flashy or exciting. But they're still a key transportation artery and stocks of railway companies remain a solid and dependable if unspectacular investment The post 3 Railroad Stocks to Board Before a Breakout appeared first on InvestorPlace.
- 11/03/2021
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DPG: Good Fund, Reasonable But Premium Valuation
- DPG: Good Fund, Reasonable But Premium Valuation
- 10/29/2021
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BofA Upgrades Norfolk Southern On Prospects Of Sustainable Margins
- While Norfolk Southern Corp. (NYSE:NSC) is continuing with its strategic overhaul, which it initiated in 2018, the improvements are “now palpable and are accelerating,” according to BofA Securities. The Norfolk Southern Analyst: Ken Hoexter upgraded the rating for Norfolk Southern from Neutral to Buy, while raising the price target from $287.02 to $325.
- 10/28/2021
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Norfolk Southern (NSC) Q3 Earnings Beat Estimates, Up 22% Y/Y
- Norfolk Southern's (NSC) Q3 results benefit from higher revenues across all segments. Total volumes remain flat year over year amid supply chain disruptions.
- 10/27/2021
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Norfolk Southern Corporation (NSC) CEO Jim Squires on Q3 2021 results - Earnings Call Transcript
- Norfolk Southern Corporation (NSC) CEO Jim Squires on Q3 2021 results - Earnings Call Transcript
- 10/27/2021
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Norfolk Southern (NSC) Beats Q3 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 5.88% and 4.11%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2021
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Norfolk Southern stock rallies toward 5-month high after profit, revenue beats
- Shares of Norfolk Southern Corp. NSC, -0.21% rose 0.8% toward a five-month high in premarket trading Wednesday, after the railroad operator reported third-quarter profit and revenue that rose above expectations, with all of its business segments beating expectations, in the face of "significant supply chain disruptions." Net income was $753 million, or $3.06 a share, after income of $569 million, or $2.22 a share, in the year-ago period.
- 10/27/2021
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Norfolk Southern sues unions over COVID-19 vaccine mandate
- Norfolk Southern has filed a lawsuit in federal court against three unions over its ability to compel employees to be fully vaccinated against COVID-19. In a Thursday filing to the U.S. District Court for the Northern District of Illinois, NS (NYSE: NSC) said it has the authority to require its employees to be vaccinated against COVID-19.
- 10/26/2021
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Will Norfolk Southern Stock Move Higher Following Q3 Results?
- Norfolk Southern is scheduled to report its Q3 2021 results on Wednesday, October 27. We expect the company to likely post revenue in-line and earnings slightly above the street expectations.
- 10/25/2021
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What's Happening With Norfolk Southern Stock?
- Last month we discussed that based on its historical performance Norfolk Southern stock will likely see higher levels, after falling 3% in a week. While UNP stock has risen 7.5% in last five trading days, it is up nearly 6% from the levels of $248 it was at nearly a month ago.
- 10/08/2021
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Protect Your Portfolio With Norfolk Southern
- Protect Your Portfolio With Norfolk Southern
- 10/07/2021
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Railroads Save Fuel
- Railroads are about 4 times more fuel efficient than trucks with respect to moving freight. Railroads keep getting even more fuel efficient over time.
- 10/07/2021
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3 Dividend Stocks Worth Buying and Holding Till at Least 2050
- A mix of growth and value rounds out this shopping list.
- 10/03/2021
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Norfolk Southern to Announce Q3 2021 Earnings Call on October 27
- ATLANTA, Oct. 1, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its third-quarter financial results during a live conference call and internet webcast at 8:45 a.m. EDT on Wednesday, October 27, 2021.
- 10/01/2021
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Here's Why You Should Retain Norfolk Southern (NSC) Stock Now
- Strong cash position and shareholder-friendly measures boost Norfolk Southern (NSC). Meanwhile, rising oil prices are a headwind.
- 10/01/2021
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Operating Ratio Improvement Aids Railroads: An Analysis
- The likes of Union Pacific (UNP) and Norfolk Southern (NSC) expect their respective operating ratios to improve for the full year.
- 09/28/2021
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Congestion, weather and chip shortages cloud rail's outlook: Cowen
- Supply chain congestion, weather-related incidents such as wildfires and Hurricane Ida, and ongoing automotive production challenges could force the Class I railroads to revise their financial outlooks for 2021, according to a note from investment firm Cowen. “We revise our rail carloadings and reflect cost implications to lower our Q3 rail estimates below consensus forecasts; we see Q3 consensus as stale and see further downward revisions.
- 09/27/2021
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3 Transportation Stocks With Dividend Growth to Keep Tabs On
- Strong free cash-flow generation is a positive for dividend-paying stocks like Union Pacific (UNP), UPS and Norfolk Southern (NSC).
- 09/27/2021
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3 Railroad Stocks to Watch as Industry Continues to Recover
- Watch out for railroad stocks like Union Pacific (UNP), Norfolk Southern (NSC) and CSX (CSX) as the U.S. railroad industry continues its recovery from the pandemic-induced slump.
- 09/16/2021
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2 Highly Profitable Railroads to Buy on a Pullback
- The companies in the railroad industry in the U.S. have several benefits that those in other industries do not. For one, there are incredibly high barriers to entry.
- 09/14/2021
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Norfolk Southern Grants $400,000 to Food Banks to Combat Food Insecurity
- ATLANTA, Sept. 9, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced $400,000 in grants to 31 food banks located across the states served by the company.
- 09/09/2021
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What's Next For Norfolk Southern Stock After A 3% Fall Last Week?
- The stock price of Norfolk Southern reached its all-time high of around $295 in May before a recent sell-off resulting in NSC stock falling to $250 levels currently. NSC stock has declined over 3% in the last five trading sessions.
- 09/08/2021
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Dividend Income Summary: Lanny's August 2021 Summary
- In August, my wife and I received a total of $1,307.71 of dividend income. We crossed one thousand dollars again in an off-month. Another strong month of dividend income, and the 4-digit mark is becoming more and more consistent. Despite the pandemic from COVID-19, dividend income continues to grow, due primarily to additional investment and reinvestment. During the month of August, my wife and I actually invested over $4,500+ into dividend-producing stocks!
- 09/06/2021
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Norfolk Southern to present at Cowen 14th Annual Global Transportation & Sustainable Mobility Conference
- NORFOLK, Va., Sept. 3, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R.
- 09/03/2021
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Norfolk Southern (NSC) to Resume Its Pennsylvania Terminal
- Norfolk Southern's (NSC) initiative to restart its intermodal facility in Pennsylvania is expected to alleviate supply-chain congestion and improve network fluidity among other factors.
- 08/16/2021
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3 Railroad Stocks to Overcome Industry's Near-Term Challenges
- Rising fuel expenses are a threat to the Zacks Transportation - Rail industry's prospects. However, continued improvement in volumes is expected to buoy UNP, CSX and NSC.
- 08/16/2021
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Dividend Income Summary: Bert's July 2021 Summary
- In July, we received $771.96 in dividend income! Our top dividend payment for the month was a HUGE special dividend payment from T. Rowe Price.
- 08/14/2021
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Norfolk Southern to reopen south central Pennsylvania intermodal facility
- Norfolk Southern will reopen an intermodal facility in south central Pennsylvania in September in an effort to expand capacity, respond to market demand and alleviate congestion. NS (NYSE: NSC) will conduct a phased reopening of the Franklin County Regional Intermodal Facility in Greencastle, Pennsylvania, starting Sept.
- 08/13/2021
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Norfolk Southern To Reopen Intermodal Facility In Greencastle, Pennsylvania
- Norfolk Southern Corp. (NYSE: NSC) plans to reopen its intermodal facility in Greencastle, Pennsylvania. Greencastle facility, which was opened in January 2013 as part of the Crescent Corridor initiative, was idled in 2019 for business reasons.
- 08/13/2021
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Norfolk Southern to reopen Pennsylvania intermodal facility
- NORFOLK, Va., Aug. 13, 2021 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) today announced plans to reopen its intermodal facility in Greencastle, Pennsylvania, creating capacity to support economic growth and help ease supply-chain congestion that has slowed the flow of commerce across all modes of the U.S. transportation sector.
- 08/13/2021
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Norfolk Southern to present at Deutsche Bank 2021 Transportation Conference
- NORFOLK, Va., Aug. 12, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R.
- 08/12/2021
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Dividend Increases: July 24-30, 2021
- This weekly article series covers dividend changes. A table with relevant data and key statistics of dividend increases is provided.
- 08/09/2021
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Dividend Income Summary: Lanny's July 2021 Summary
- In July, we (my wife and I) received a total of $1,147.79 of dividend income. Despite the pandemic from COVID-19, dividend income continues to grow, due primarily to additional investment and reinvestment.
- 08/06/2021
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Norfolk Southern (NSC) Cheers Investors With 10% Dividend Hike
- Norfolk Southern (NSC) raises dividend for the second time this year as its operations continue to improve on uptick in volumes.
- 08/03/2021
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3 Dividend Increases Expected In August 2021
- Dividends are the foundation of our goal to reach financial freedom. We continuously invest in dividend growth stocks to grow our passive income. If the goal is to produce a passive income stream that will one day cover our expenses, making sure that income stream grows is critical. Without growth, your dividend income stream will lose purchasing power to inflation.
- 08/03/2021
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Norfolk Southern increases quarterly dividend by 10 cents
- NORFOLK, Va., July 30, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that its board of directors has approved a 10% increase in its quarterly dividend on the company's common stock, from $0.99 to $1.09 per share.
- 07/30/2021
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Norfolk Southern Corporation's (NSC) CEO on Q2 2021 Results - Earnings Call Transcript
- Norfolk Southern Corporation's (NSC) CEO on Q2 2021 Results - Earnings Call Transcript
- 07/28/2021
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Coal, intermodal boost Norfolk Southern's Q2 net profits
- A 34% increase in operating revenue, including gains for coal and intermodal, boosted Norfolk Southern's net profit for the second quarter of 2021. NS (NYSE: NSC) reported record second-quarter 2021 net income of $819 million, or $3.28 per diluted share, compared with $392 million, or $1.53 per diluted share, in the second quarter of 2020.
- 07/28/2021
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Norfolk Southern profit more than doubles to beat expectations as railway revenue rises 34%
- Norfolk Southern Corp. reported Wednesday second-quarter profit that more than doubled to beat expectations, as revenue growth was more than triple the increase in costs. The railroad operator's stock was still inactive in premarket trading.
- 07/28/2021
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Norfolk Southern reports second-quarter 2021 results
- NORFOLK, Va., July 28, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported second-quarter 2021 financial results, which included second-quarter records for net income and diluted earnings per share, and all-time quarterly records for operating ratio and income from railway operations.
- 07/28/2021
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Will Norfolk Southern Stock Move Higher Following Q2 Results?
- Norfolk Southern stock (NYSE: NSC) is scheduled to report its Q2 2021 results on Wednesday, July 28. We expect Norfolk Southern to likely post revenue and earnings largely in-line with the street expectations.
- 07/27/2021
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Norfolk Southern aims to reduce greenhouse gas emissions intensity 42% by 2034
- NORFOLK, Va., July 26, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) today announced its science-based target to achieve a 42% reduction in scope 1 and 2 greenhouse gas emissions intensity by 2034 from a 2019 base year.
- 07/26/2021
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What's in Store for Norfolk Southern (NSC) in Q2 Earnings?
- Rising fuel price are likely to hurt Norfolk Southern's (NSC) second-quarter performance.
- 07/23/2021
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What's Next For Norfolk Southern Stock After A 7% Fall Yesterday?
- The stock price of Norfolk Southern reached an all-time high of $290 in May this year before a larger sell-off in the railroad companies, especially on July 8, 2021, drove the stock price down nearly 12% to its current level of around $254. NSC stock declined 7.2% in a single trading session.
- 07/12/2021
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U.S. Railroads Lose Value in Thursday's Trading: Here's Why
- Shares of Kansas City Southern (KSU), which is likely to be purchased by Canadian National (CNI) in 2022, decline the most in the railroad space on Jul 8.
- 07/09/2021
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Why Norfolk Southern Shares Are Moving Today
- Norfolk Southern Corp. (NYSE:NSC) shares are trading higher by 3.4% at $262.44 Friday morning after Evercore ISI upgraded the stock from In-Line to Outperform and raised its price target from $301 to $303. Wells Fargo also maintained an Overweight rating and raised its price target from $315 to $318.
- 07/09/2021
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This Stock Market Recovery Play Just Got Derailed
- This sector was a big part of Thursday's stock market decline.
- 07/09/2021
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DPG: ~9.6% Distribution Rate On This Utility Fund
- DPG: ~9.6% Distribution Rate On This Utility Fund
- 07/08/2021
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Defect impacts chassis availability on Norfolk Southern's network
- Norfolk Southern is seeking to quickly repair potentially defective chassis across its network. About 5,100 chassis could be defective.
- 07/04/2021
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Norfolk Southern to hold second-quarter 2021 earnings conference call July 28
- NORFOLK, Va., July 2, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its second-quarter financial results during a conference call and live internet webcast at 8:45 a.m.
- 07/02/2021
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Credit Suisse Is Right, Norfolk Southern Is A Top Rail Pick
- Norfolk Southern has been in a downtrend since May and is currently in correction territory.
- 07/01/2021
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Why Worry With Dividends? Their Five-Year Reinvested Value for Norfolk Southern
- In a world obsessed with price movements of stocks, it's easy to lose sight of what those prices represent -- the value of holding a company's future profit potential. One of the key ways that profit potential turns into profit actualization in an investor's pocket is the dividend -- cash (usually) payments made to stockholders representing a portion of a company's retained earnings.
- 06/30/2021
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US Class I rail headcount sees modest gains in May
- Employment levels for the U.S operations of the Class I railroads in May were at their highest point in 2021 year to date, although overall headcount is still down year-over-year, according to data submitted to the Surface Transportation Board (STB). The increase in U.S. Class I headcount comes as a number of Class I railroads tell federal regulators that they are actively recruiting and hiring for new train conductors (see below).
- 06/28/2021
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Dividend Income Summary: Bert's May 2021 Summary
- In May, we received $581.67 in dividend income! This was a 32.19% year over year increase compared to May 2020. Until the dividend cut is finalized, we are still receiving a boatload of dividend income from AT&T.
- 06/18/2021
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AAR's Bullish Traffic Data Supports U.S. Railroads' Recovery
- Tailwinds like buoyant freight revenues and cost curtailment bode well for the railroads like Union Pacific (UNP), CSX and Norfolk Southern (NSC).
- 06/17/2021
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Kansas City Southern, Norfolk Southern announce retirements, appointments
- Kansas City Southern's chief innovation officer to retire Brian Hancock, Kansas City Southern's (NYSE: KSU) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S. Securities and Exchange Commission. The filing did not indicate who would replace Hancock.
- 06/14/2021
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Norfolk Southern names Jason Morris vice president labor relations; Scott Weaver to retire
- NORFOLK, Va., June 7, 2021 /PRNewswire/ -- Norfolk Southern (NYSE:NSC) announced today that Jason Morris has been named vice president labor relations.
- 06/07/2021
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The Top 5 Insider Buys of the Week
- Your exclusive look at this week's top insider buys, including why one executive is falling in love with Bumble.
- 06/04/2021
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Norfolk Southern to present at UBS Global Industrials and Transportation Virtual Conference
- NORFOLK, Va., June 3, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R.
- 06/03/2021
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Railroads Ride on Multiple Tailwinds: 3 Stocks in Focus
- Bullish freight scenario may turn the tide in favor of the railroad stocks like Union Pacific (UNP), Norfolk Southern (NSC) and Canadian Pacific (CP).
- 06/03/2021
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Norfolk Southern to present at Wolfe Global Transportation & Industrials Conference 2021
- NORFOLK, Va., May 20, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R.
- 05/20/2021
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Norfolk Southern announces $5 million contribution to the Hampton Roads community
- NORFOLK, Va., May 20, 2021 /PRNewswire/ -- Norfolk Southern (NYSE:NSC) announced today that the company is contributing $5 million to the Hampton Roads community on behalf of the many NS employees and retirees who call Hampton Roads home, and the many more who have lived and raised their families in the area over the years.
- 05/20/2021
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Norfolk Southern closes $500 million green bond offering
- As companies struggle to find the capital needed to pursue and achieve their environmental targets, Norfolk Southern Corp. (NYSE: NSC) on Wednesday closed a $500 million green bond offering. Norfolk Southern called itself “the first Class I railroad in North America to issue green bonds” in the announcement.
- 05/13/2021
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Norfolk Southern annual meeting highlights digital transformation, sustainability
- ATLANTA, May 13, 2021 /PRNewswire/ -- Norfolk Southern is positioned well to provide superior service for its customers and create long-term value for shareholders as economic conditions improve, CEO James A. Squires told shareholders at the company's annual meeting today.
- 05/13/2021
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Norfolk Southern issues $500 million of green bonds to fund sustainable business initiatives
- NORFOLK, Va., May 12, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today closed a $500 million green bond offering to fund investments to reduce the company's carbon emissions and help customers reduce their supply-chain emissions.
- 05/12/2021
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3 Fast-Growing Revenue Per Share Stocks
- The S&P 500 stocks saw their aggregate trailing 12-month real revenue per share increase at a compound annual growth rate of approximately 2% over the past five years. The share price of the benchmark index for the U.S. stock market was trading at $4,181.17 at close on Friday, up by more than 100% over the past five years through April 30.
- 05/02/2021
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Bracing for autonomous truck competition, Norfolk Southern maps out improvements
- Norfolk Southern (NYSE: NSC) is in the midst of deploying longer trains and increasing car velocity as ways to enhance the railroad's productivity, executives said during a call on Wednesday to discuss NS' financial results for the first quarter of 2021. To make these operational adjustments, NS is targeting investments in certain parts of its network, including a long siding extension in its Chicago-Atlanta corridor that will be completed ahead of this year's peak season, according to Chief Operating Officer Cindy Sanborn.
- 04/28/2021
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Norfolk Southern: Don't Miss This Train
- Norfolk Southern just released its 1Q21 earnings, which showed a significant boost in operating efficiencies.
- 04/28/2021
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Norfolk Southern (NSC) CEO, James Squire on Q1 2021 Results - Earnings Call Transcript
- Norfolk Southern (NSC) CEO, James Squire on Q1 2021 Results - Earnings Call Transcript
- 04/28/2021
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Norfolk Southern (NSC) Q1 Earnings Beat, Volumes Up 3% Y/Y
- Norfolk Southern's (NSC) Q1 results benefit from higher volumes and reduced costs.
- 04/28/2021
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Norfolk Southern achieves all-time quarterly operating ratio record
- Norfolk Southern (NYSE: NSC) reached an all-time quarterly record operating ratio (OR) in the first quarter amid a 7% increase in operating income. Norfolk Southern's (NS) OR was 61.5% in the first quarter of 2021, compared with an adjusted OR of 63.7% in the first quarter of 2020.
- 04/28/2021
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Norfolk Southern's Valuation Leaves A Lot To Be Desired
- NSC reports earnings Wednesday. Revenue is expected to be flat Y/Y. This could be a win for the company amid a weak economy. Cost containment efforts could generate a stellar operating ratio and solid EBITDA growth.
- 04/28/2021
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Norfolk Southern declares quarterly dividend and accelerates payment date
- NORFOLK, Va., April 27, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of 99 cents per share on its common stock.
- 04/27/2021
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Norfolk Southern names Voyack vice president government relations; Ledoux to retire
- NORFOLK, Va., April 27, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced today that its board of directors has elected Frank Voyack as the company's vice president of government relations, effective May 1.
- 04/27/2021
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What's in Offing for Norfolk Southern (NSC) in Q1 Earnings?
- Volume weakness is likely to have hurt Norfolk Southern's (NSC) first-quarter 2021 performance. Meanwhile, improvement in operating ratio is likely to have aided.
- 04/21/2021
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PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- 04/04/2021
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Norfolk Southern to hold first-quarter 2021 earnings conference call April 28
- NORFOLK, Va., April 2, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter financial results during a conference call and live internet webcast at 8:45 a.m.
- 04/02/2021
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These Transportation Stocks Are Better Buying Opportunities Compared To Norfolk Southern
- We believe that there are several transportation stocks that are currently better valued than Norfolk Southern. Norfolk Southern's current market cap-to-operating income ratio of 22x is much higher than levels of under 15x for U.S. Xpress Enterprises, Werner Enterprises, Canadian Pacific Railway.
- 03/26/2021
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This Surprise Merger News Helped the Stock Market Chug Ahead Monday
- It's the latest sign of rotation on Wall Street.
- 03/22/2021
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4 Stocks to Watch as Railroad Industry Continues to Rebound
- The U.S. railroad industry seems ready to continue its turnaround after being affected by the COVID-19 pandemic, making it wise to look at names like Norfolk Southern (NSC) and Union Pacific (UNP)
- 03/16/2021
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Norfolk Southern to present at J.P. Morgan Industrials Conference
- NORFOLK, Va., March 9, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R.
- 03/09/2021
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The Top New Buys of Larry Robbins' Firm
- Glenview Capital Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.
- 02/26/2021
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Discussions among railroads to be allowed as evidence in price-fixing lawsuits
- U.S. District Court Judge Paul A. Friedman determined Friday that four railroads — Union Pacific (NYSE: UNP), BNSF (NYSE: BRK), CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC) — must include certain evidence in ongoing legal proceedings concerning allegations of price fixing that occurred in the early 2000s.
- 02/23/2021
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Norfolk Southern names Hunt Cary as vice president operations efficiency
- NORFOLK, Va., Feb. 11, 2021 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) announced today that its board of directors has elected Hunt Cary, a 28-year railroad veteran, as vice president operations efficiency. Joining Norfolk Southern from Union Pacific Corporation, Cary brings extensive...
- 02/11/2021
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Norfolk Southern to present at Citi's 2021 Global Industrials Virtual Conference
- NORFOLK, Va., Feb. 9, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R. George and Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at: Citi 2021 Global Industrials Virtual...
- 02/09/2021
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Dividend Changes: January 23-29, 2021
- This weekly article series covers dividend changes. A summary table provides relevant data and key statistics of dividend increases.
- 02/08/2021
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Owning Norfolk Southern Feels Like Having A Money Printer
- Owning Norfolk Southern Feels Like Having A Money Printer
- 02/04/2021
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Norfolk Southern CEO on how the company has transformed over the decades
- Norfolk Southern has greatly reduced its reliance on coal over the past three decades, CEO Jim Squires said.
- 02/02/2021
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Upcoming Ex-Dividend Dates: February 3-12, 2021
- Upcoming Ex-Dividend Dates: February 3-12, 2021
- 02/02/2021
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4 Transportation Stocks With Dividend Growth to Watch Now
- With the scenario brightening for the transportation stocks, we believe, Norfolk Southern (NSC), Canadian National (CNI), J.B. Hunt (JBHT) and GATX that raised dividends recently, should be on an investor's radar.
- 02/01/2021
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Norfolk Southern eyes longer, heavier trains as it pursues PSR
- Norfolk Southern (NYSE: NSC) has begun to focus more on lengthening trains and increasing train weights as a way to keep costs down and increase network productivity, according to executives on the company's fourth-quarter earnings call on Wednesday. “Traffic coming back is our challenge and opportunity,” Norfolk Southern (NS) Chief Operating Officer Cindy Sanborn told investors and analysts on the call.
- 01/27/2021
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Norfolk Southern Corporation's (NSC) CEO Jim Squires on Q4 2020 Results - Earnings Call Transcript
- Norfolk Southern Corporation's (NSC) CEO Jim Squires on Q4 2020 Results - Earnings Call Transcript
- 01/27/2021
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Norfolk Southern (NSC) Beats on Q4 Earnings, Hikes Dividend
- Low operating expenses aid Norfolk Southern's (NSC) bottom line in Q4.
- 01/27/2021
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Norfolk Southern (NSC) Surpasses Q4 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 6.45% and 0.65%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/27/2021
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Norfolk Southern: Q4 Earnings Insights
- Shares of Norfolk Southern (NYSE:NSC) fell 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 3.53% over the past year to $2.64, which beat the estimate of $2.48.
- 01/27/2021
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Norfolk Southern increases quarterly dividend by 5 cents and increases target dividend payout ratio
- NORFOLK, Va., Jan. 27, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that its board of directors approved a 5% increase in its quarterly dividend on the company's common stock, from 94 to 99 cents per share. The company also announced an increase to its...
- 01/27/2021
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The Smartest People on Wall Street Are Buying These 3 Stocks -- Should You Follow?
- In an equity market that's starting to look expensive, are these three stocks still a good value?
- 01/23/2021
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Will Volume Weakness Mar Norfolk Southern (NSC) Q4 Earnings?
- Norfolk Southern's (NSC) Q4 results might reflect softness in volumes due to coronavirus-induced freight slowdown. However, reduced costs are expected to have aided the bottom line.
- 01/20/2021
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Hackers leak trucker, rail worker medical records
- UPS (NYSE: UPS) and Norfolk Southern (NYSE: NSC) said they are looking into whether employee health data was compromised after hackers posted medical records of truck drivers and rail workers to a leak site following an apparent ransomware attack and data breach at a Virginia-based occupational healthcare provider. It was not immediately clear how many UPS and Norfolk Southern personnel were affected by the leak of over 3,000 files from occupational health provider Taylor Made Diagnostics on Jan. 8.
- 01/17/2021
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OmniTRAX seeks businesses for rail-ready sites in Georgia
- Short line operator and logistics provider OmniTRAX is seeking potential businesses that might be interested in three rail-ready sites in Georgia. The sites are on the Georgia Woodlands Railroad, which interchanges with CSX (NASDAQ: CSX) in Barnett, Georgia.
- 01/15/2021
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December U.S. Rail Traffic Up 4.4%: More Gains Ahead in 2021?
- The anticipated spurt in freight volumes for 2021 augurs well for the railroads like Union Pacific (UNP) Norfolk Southern (NSC) and CSX Corporation (CSX).
- 01/07/2021
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ZTR: Hybrid Fund With Strong Potential
- ZTR: Hybrid Fund With Strong Potential
- 01/05/2021
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5 Goldman Sachs Conviction List Dividend Stocks to Buy for 2021
- We finally made it: 2021 is here. Hopefully, many of the issues that were difficult in 2020 will start to fade this year as the country returns to a more normal status.
- 01/04/2021
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Norfolk Southern to hold fourth-quarter 2020 earnings conference call Jan. 27
- NORFOLK, Va., Dec. 30, 2020 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its fourth-quarter financial results during a conference call and live internet webcast at 8:45 a.m. EST on Wednesday, Jan. 27, 2021. Quarterly earnings results will be released after 8 a.m....
- 12/30/2020
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Volumes Hurt Norfolk Southern (NSC) Amid Strong Liquidity
- Weakness in the coal segment and low volumes hurt Norfolk Southern (NSC). However, the company's strong liquidity position is a tailwind.
- 12/16/2020
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Remain Disciplined About Norfolk Southern
- NSC's Q3 revenue fell in the double digit percentage range. Management maintained margins via cost containment efforts. Industry rail traffic gained traction in December. Rail traffic should rebound after the economy reopens.
- 12/13/2020
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US carloads bounce back while import gains fuel intermodal
- U.S. carload volume on a weekly basis is almost at the same level as a year ago, with last week's volumes down by only 1.4%, according to data from the Association of American Railroads. U.S. carload traffic totaled 244,986 carloads for the week ending Saturday, which is 1.4% lower than the same period in 2019 and 18.8% higher sequentially.
- 12/10/2020
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COVID-19 uncertainties, PSR part II: What's on the minds of rail execs
- Train lengths, e-commerce and mergers and acquisitions were among the topics discussed by four Class I railroads at the Credit Suisse 8th Annual Industrials Conference last week. Here are some highlights: Kansas City Southern talks service design adjustments, longer sidings Kansas City Southern (NYSE: KSU) hopes to implement the third phase of its PSR program in 2021.
- 12/10/2020
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Is UPS Stock A Better Buy Compared To Norfolk Southern?
- We think that United Parcel Service currently is a better pick compared to Norfolk Southern. UPS trades at about 2x trailing Revenues, compared to over 5x for Norfolk Southern.
- 12/04/2020
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What's Happening With Norfolk Southern Stock?
- Last month, Norfolk Southern (NYSE: NSC) announced a joint venture - Rail Pulse - to adopt GPS and other telematics technology, which will help in real-time track level visibility and total load visibility among other benefits. The aim is to provide enhanced safety and service to shippers.
- 11/27/2020
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Weekly US intermodal volumes march upward
- U.S. intermodal traffic on a weekly basis exceeded the 300,000-unit mark this week amid continued brisk import activity. Intermodal volumes for the week ending Saturday were 301,129 containers and trailers, which is 11.5% higher than the same week a year ago, according to data from the Association of American Railroads.
- 11/26/2020
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FreightWaves Classics: Conrail divided between CSX and Norfolk Southern
- FreightWaves Classics articles look at various aspects of the transportation industry's history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com The many industries that make up the world of freight have undergone tremendous change over the past several decades.
- 11/18/2020
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Weekly US rail traffic rises on higher intermodal volumes
- U.S. rail volumes on a weekly basis rose nearly 2% amid a 9% increase in intermodal traffic. U.S. rail traffic was 522,653 carloads and intermodal units for the week ending Oct. 24, which is 1.9% higher than the same period in 2019, according to the Association of American Railroads (AAR).
- 10/29/2020
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Norfolk Southern strives to ramp up efficiency
- Norfolk Southern (NYSE: NSC) will be closing “several” yards in Atlanta, and it will cease humping operations at its Macon, Georgia, yard as part of a wider plan to ramp up network efficiency. The changes, which will occur next week, will “enable us to rework many of our Southeastern intermodal flows for improved service, lower cost and additional growth capacity,” said Norfolk Southern (NS) Chief Operating Officer Cindy Sanborn during the company's third-quarter earnings call on Wednesday.
- 10/28/2020
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Norfolk Southern Corporation (NSC) CEO Jim Squires on Q3 2020 Results - Earnings Call Transcript
- Norfolk Southern Corporation (NSC) CEO Jim Squires on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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Norfolk Southern (NSC) Q3 Earnings Surpass Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 6.36% and -0.78%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2020
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Recap: Norfolk Southern Q3 Earnings
- Shares of Norfolk Southern (NYSE:NSC) were flat in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 2.71% year over year to $2.51, which beat the estimate of $2.38.
- 10/28/2020
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Norfolk Southern declares quarterly dividend
- NORFOLK, Va., Oct. 27, 2020 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable Dec. 10 to shareholders of record on Nov. 6. Norfolk Southern has declared a dividend on its...
- 10/27/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by First Midwest Bank Trust Division
- First Midwest Bank Trust Division reduced its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,274 shares of the railroad operator’s stock after selling 89 shares during the […]
- 10/22/2020
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Charting a successful technical test, S&P 500 nails the breakout point
- Technically speaking, the major U.S. benchmarks continue to digest an October breakout amid still bullish bigger-picture price action, writes Michael Ashbaugh.
- 10/20/2020
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Phunware Wins Smart Workplace Mobile App Portfolio Contract with Norfolk Southern
- Phunware announces that it has won a multiyear contract to deploy its comprehensive Smart Workplace mobile app portfolio with Norfolk Southern.
- 10/19/2020
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Charting a bullish reversal, S&P 500 rallies from gap support
- U.S. stocks are firmly higher early Friday, rising after a strong batch of economic data. The early upturn punctuates a not-so-damaging mid-week pullback,...
- 10/16/2020
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Flagship Harbor Advisors LLC Has $510,000 Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)
- Flagship Harbor Advisors LLC cut its holdings in Norfolk Southern Corp. (NYSE:NSC) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,385 shares of the railroad operator’s stock after selling 68 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Norfolk Southern were worth […]
- 10/15/2020
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Cornerstone Wealth Management LLC Has $542,000 Stake in Norfolk Southern Corp. (NYSE:NSC)
- Cornerstone Wealth Management LLC raised its stake in Norfolk Southern Corp. (NYSE:NSC) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,534 shares of the railroad operator’s stock after acquiring an additional 151 shares during the period. Cornerstone Wealth Management LLC’s holdings […]
- 10/15/2020
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Tiaa Fsb Has $6.04 Million Stock Position in Norfolk Southern Corp. (NYSE:NSC)
- Tiaa Fsb cut its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,246 shares of the railroad operator’s stock after selling 2,458 shares during the period. Tiaa Fsb’s holdings in […]
- 10/15/2020
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Bull trend strengthens: S&P 500, Nasdaq clear 20-day volatility bands
- Technically speaking, the U.S. benchmarks’ bigger-picture backdrop has strengthened amid unseasonably constructive October price action, writes Michael...
- 10/13/2020
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Barclays Increases Norfolk Southern (NYSE:NSC) Price Target to $202.00
- Norfolk Southern (NYSE:NSC) had its target price lifted by Barclays from $180.00 to $202.00 in a report issued on Thursday morning, The Fly reports. The firm currently has an underweight rating on the railroad operator’s stock. Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased their price target on Norfolk Southern […]
- 10/12/2020
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Norfolk Southern (NYSE:NSC) Price Target Raised to $221.00
- Norfolk Southern (NYSE:NSC) had its price target raised by Cowen from $208.00 to $221.00 in a research note published on Thursday, Briefing.com reports. Cowen currently has an outperform rating on the railroad operator’s stock. A number of other analysts have also recently weighed in on the stock. Bank of America raised their price target on […]
- 10/12/2020
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Norfolk Southern (NYSE:NSC) Price Target Increased to $250.00 by Analysts at Citigroup
- Norfolk Southern (NYSE:NSC) had its target price upped by Citigroup from $214.00 to $250.00 in a report released on Thursday morning, The Fly reports. Citigroup currently has a buy rating on the railroad operator’s stock. A number of other brokerages also recently issued reports on NSC. Goldman Sachs Group lifted their price objective on shares […]
- 10/12/2020
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Crossmark Global Holdings Inc. Sells 870 Shares of Norfolk Southern Corp. (NYSE:NSC)
- Crossmark Global Holdings Inc. trimmed its stake in Norfolk Southern Corp. (NYSE:NSC) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,557 shares of the railroad operator’s stock after selling 870 shares during the period. Crossmark Global Holdings Inc.’s […]
- 10/10/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by First Hawaiian Bank
- First Hawaiian Bank cut its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,890 shares of the railroad operator’s stock after selling 276 shares during the quarter. First Hawaiian Bank’s […]
- 10/08/2020
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8-K: NORFOLK SOUTHERN CORP
- (EDGAR Online via COMTEX) --
0000702165 false 0000702165 2020-10-07 2020-10-07 iso4217:USD xbrli:shares
iso4217:USD xbrli:shares UNITED STATES SECURITIES AND...
- 10/08/2020
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Norfolk Southern Is Subject To The Vagaries Of The Economy (NYSE:NSC)
- NSC reports earnings October 28th. Its Q2 revenue fell hard on falling rail traffic and falling ASP.
- 10/07/2020
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Fulton Bank N. A. Sells 3,708 Shares of Norfolk Southern Corp. (NYSE:NSC)
- Fulton Bank N. A. lessened its stake in Norfolk Southern Corp. (NYSE:NSC) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,250 shares of the railroad operator’s stock after selling 3,708 shares during the period. Fulton Bank N. A.’s […]
- 10/07/2020
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Charting a bullish Q4 start: S&P 500 extends rally from major support
- The major U.S. benchmarks are off to a constructive October start, rising atop key technical levels, writes Michael Ashbaugh.
- 10/06/2020
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Charting a successful technical test, S&P 500 rallies from major support
- U.S. stocks are firmly higher early Monday, rising as a constructive October start remains underway. Against this backdrop, the S&P 500 is challenging...
- 10/05/2020
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Norfolk Southern : chemical customers earn safety award for safe rail-shipping practices | MarketScreener
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Charting a corrective bounce: S&P 500 hesitates at 50-day average
- Technically speaking, the major U.S. benchmarks have rallied respectably from the September low, rising in the wake of a damaging market downdraft, writes...
- 09/29/2020
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Charting a bearish technical tilt: S&P 500, Dow industrials violate major support
- Technically speaking, the S&P 500 and Dow industrials have violated major support — as well as the 50-day moving average — raising an intermediate-term...
- 09/22/2020
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Charting a holding pattern, S&P 500 asserts the range ahead of the Fed
- U.S. stocks are mixed early Wednesday, largely treading water ahead of the Federal Reserve’s policy statement, due out this afternoon. Against this backdrop,...
- 09/16/2020
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Bull trend intact: S&P 500, Nasdaq rally from major support
- Technically speaking, the major U.S. benchmarks are back on offense, rising in the wake of an aggressive September downdraft, writes Michael Ashbaugh.
- 09/15/2020
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Phunware Wins Smart Workplace Mobile App Portfolio Contract with Norfolk Southern
- Phunware announces a multiyear contract to deploy its comprehensive Smart Workplace mobile app portfolio with Norfolk Southern Corporation.
- 09/14/2020
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Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2020 Update
- Halvorsen's 13F portfolio value increased from $19.21B to $23.14B. The number of positions increased from 64 to 71.
- 09/11/2020
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Charting a market downdraft, S&P 500 sells off to major support
- Technically speaking, the major U.S. benchmarks have reversed sharply from recent highs, pressured amid the most aggressive selling pressure since June,...
- 09/08/2020
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Buying Norfolk Southern For My Retirement
- Norfolk Southern is one of America's largest railroad operators with a long history of rising shareholder value.
- 09/08/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/06/2020
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Stocks To Watch: Tech Reboots And Eyes On Lululemon, Peloton & GameStop
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 09/05/2020
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Get Off Of Norfolk Southern Corporation
- In spite of the fact that traffic is down about 17% across the network, the shares are materially more expensive than they were this time last year.
- 09/01/2020
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Jemma is the first person in her family to make it to year 11. Here's why
- New Norfolk High has expanded to include senior years in a bid to keep kids at school for longer. There's still work to to be done, but those who are staying on are upbeat about their futures.
- 08/27/2020
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Chicken factory closes after 75 workers test positive for Covid
- Banham Poultry in the village of Attleborough has voluntarily agreed to close its cutting room tomorrow following an outbreak of the disease.
- 08/26/2020
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Charting a bullish technical tilt, S&P 500 breaks to record territory
- Technically speaking, the U.S. benchmarks’ already-bullish bigger-picture backdrop continues to strengthen, writes Michael Ashbaugh.
- 08/25/2020
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D.A. Davidson & CO. Lowers Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)
- D.A. Davidson & CO. reduced its position in Norfolk Southern Corp. (NYSE:NSC) by 41.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,801 shares of the railroad operator’s stock after selling 6,990 shares during the quarter. D.A. Davidson & CO.’s holdings in Norfolk […]
- 08/24/2020
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Advisory Services Network LLC Has $1.74 Million Stake in Norfolk Southern Corp. (NYSE:NSC)
- Advisory Services Network LLC trimmed its position in Norfolk Southern Corp. (NYSE:NSC) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,903 shares of the railroad operator’s stock after selling 1,555 shares during the period. Advisory Services Network […]
- 08/24/2020
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Trexquant Investment LP Has $800,000 Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)
- Trexquant Investment LP decreased its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 53.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,556 shares of the railroad operator’s stock after selling 5,160 shares during the period. Trexquant Investment LP’s holdings in Norfolk Southern were worth $800,000 as of its most recent filing with […]
- 08/23/2020
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Norfolk Southern's Stock Has Gotten Ahead Of Fundamentals
- NSC's Q2 revenue and EBITDA both fell in the double-digit percentage range. Industry rail traffic is in decline and it may not abate any time soon.
- 08/13/2020
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Charts Suggest Transportation Stocks Are Headed Higher
- Transportation stocks are trading near major support levels and have broken above key trendlines, positioning the sector for a move higher.
- 08/12/2020
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Norfolk Southern signs Operation Clean Sweep Pledge to eliminate plastic pollution
- As the global plastics industry continues to grow, producers are looking for ways to minimize their impact on the environment. To help guide this effort, the American Chemistry Council and the Plastics Industry Association developed Operation Clean Sweep. This international program provides guidance for companies to prevent the release of micro plastics into marine ecosystems. On Wednesday, Aug. 5, Norfolk Southern (NYSE: NSC) – a key partner in the plastics supply chain – expressed its support by becoming the most recent Class I railroad in the United States to voluntarily sign the pledge.
- 08/11/2020
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Morgan Stanley Raises Norfolk Southern (NYSE:NSC) Price Target to $132.00
- Norfolk Southern (NYSE:NSC) had its target price lifted by Morgan Stanley from $122.00 to $132.00 in a report released on Monday, BenzingaRatingsTable reports. They currently have an underweight rating on the railroad operator’s stock. Several other analysts also recently commented on NSC. JPMorgan Chase & Co. boosted their target price on shares of Norfolk Southern […]
- 08/09/2020
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Why Goldman Sachs Stock Looks Golden
- Investment bank’s repositioning and new ventures set it up for growth. And the 1MDB scandal settlement has removed a big uncertainty overhanging its shares. Also, Wall Street views of Roku, CenturyLink, Norfolk Southern, and Fiserv.
- 08/08/2020
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Dividend Increases Expected In August 2020
- From a broader economic standpoint, the coronavirus and the impact of increasing cases continue to dominate the news cycle.
- 08/07/2020
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Norfolk Southern: Risk and Opportunities
- Norfolk Southern’s stock lost almost 40% – dropping from $197 at the beginning of the year to below $119 in late March – then spiked over 60% to around $192 now. That means it has fully recovered to the levels where it started the year. Why? While the Covid-19 outbreak and associated lockdowns...
- 08/06/2020
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Do Railroad Takeovers Only Happen in Crises?
- (Bloomberg Opinion) -- The time may finally be right for another big railroad deal. All it took was another economic downdraft.Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are reportedly weighing a joint bid for Kansas City Southern that would value the railroad at about $21 billion including debt. Any takeover would also add to an aggressive flurry of dealmaking over the past few days after a pandemic-inspired lull. Siemens Healthineers AG agreed to buy U.S. radiotherapy company Varian Medical Systems Inc. for about $16 billion, while 7-Eleven owner Seven & i Holdings Co. is paying $21 billion for Marathon Petroleum Corp.’s Speedway gas stations. Waiting in the wings is a potential takeover of the popular video-sharing app TikTok and a Nvidia Corp. buyout of SoftBank Group Corp.’s Arm Ltd. chip-designing business. The sudden rash of dealmaking suggests buyers with supple balance sheets are getting more comfortable with the trajectory of an eventual recovery from the coronavirus pandemic, even as cases surge again.It’s notable that railroads may be included in this latest deal frenzy. There hasn’t been a major takeover of a North American railroad since Warren Buffett’s Berkshire Hathaway Inc. struck a $36 billion deal for Burlington Northern Santa Fe in 2009. There were attempts by Canadian Pacific Railway Ltd. under the leadership of legendary railroader Hunter Harrison to seek a merger first with CSX Corp. in 2014 and then Norfolk Southern Corp. in 2015, but the carrier was rebuffed each time amid antitrust concerns. The failed talks showed the hurdles for any merger between the largest North American train operators after a wave of dealmaking in the late 1990s consolidated the industry into effectively seven main players, of which Kansas City Southern is the smallest and one of the few with major infrastructure in Mexico. As Buffett proved, though, a private investor is a different story. The irony may be that Harrison, a big believer in the benefits of consolidation who died in 2017, may have done more to prolong the lull in railroad dealmaking than bring it back. Before his death, Harrison served a brief term as CEO of CSX. His tenure there was tumultuous and he managed to ruffle quite a few feathers, but in the end, he was able to prove to both investors and his fellow railroad CEOs that his signature “precision-scheduled railroading” — a strategy for reducing the capital, cars and people needed to run trains efficiently — could work for U.S. carriers.Analysts had previous contended the U.S. railroads’ circuitous lines across mountainous terrain would make it more difficult for them to reach the levels of profitability that Harrison had produced at Canadian Pacific and at Canadian National Railway Co. before that. Posthumously, nearly all of his rivals — from Union Pacific Corp. to Norfolk Southern and, yes, Kansas City Southern— have adopted some form of precision-scheduled railroading. Burlington Northern is the only odd man out. The problem with this for would-be buyers of railroads is that this push for efficiency has increased both the profit margins and the stock prices of said railroads. Before news of the potential private equity approach on Friday, Kansas City Southern was actually up about 2% for the year, compared with a nearly 12% slide for the S&P 500 Industrial Index and a virtually flat performance for the broader benchmark. The reported $21 billion price tag would value Kansas City Southern at a premium to its all-time high set in February and Bloomberg Intelligence analysts warn even that may not be high enough. To justify a deal at these levels, the private equity buyers would have to be able to argue that the full scale of profit improvements under precision-scheduled railroading isn’t fully appreciated by the public markets. It’s hard to see how they do that. In January, before the worst of the pandemic, Kansas City Southern had predicted it would meet its 2021 goal of bringing its operating ratio — a measure of profitability where a lower number is better — down to the range of 60% to 61% a year early. The pandemic obviously undermined those plans. But even amid the sharp slump in volumes that’s ensued over the intervening months, Kansas City Southern in July raised its target for estimated cost savings this year to $95 million, excluding benefits from labor cuts and lease negotiations. That’s up from $61 million. After the rally on the deal news, the company trades at about 22 times estimated 2021 earnings, above the valuation commanded by other railroads that are further along in the process of precision-scheduled railroading.This makes any transaction more of a bet on the future of trade between the U.S. and Mexico and a push to relocate manufacturing away from China. It’s a decent wager given the recent resurgence of interest among U.S. industrial companies to consider factories a bit closer to home. The caveat to that is Mexico’s more volatile regulatory and political environment. Amidst the pandemic, many manufacturers complained of a harsher approach to factory lockdowns across the border than in the U.S., a sign that the potential for supply-chain disruptions lingers even with the recently signed United States-Mexico-Canada trade agreement. I’m reminded of an interview with Harrison that I participated in at Bloomberg headquarters in 2015: “I don’t like Kansas City Southern because of the Mexico play,” he said. “I don’t like Mexico. I like to play in an arena where I know the rules, and I understand what might happen. That’s crazy down there.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Kansas City Southern Steams Ahead Amid Buyout Chatter
- Here's why Kansas City Southern stock fast-tracked higher Friday. Trade the stock and other railroad operators with these ideas.
- 08/03/2020
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Intermodal Growth Here To Stay, Says Hub Group
- On its Thursday evening earnings call with analysts, management from intermodal marketing company Hub Group, Inc. (NASDAQ: HUBG) said several customers are approaching them to...
- 07/31/2020
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Norfolk Southern Seeks To Boost Its Intermodal Market Share
- Norfolk Southern Corporation (NYSE: NSC) is planning to add more intermodal service products in the Southern U.S. as a way to take volume away from the trucking market, executives said during the company's second-quarter earnings call on Wednesday, July 29.Those products, which could be launched as early as the third quarter of this year, include products between the U.S. Southwest and the U.S. Southeast, as well as between the U.S. Southeast to the U.S. Northeast, said NS Chief Marketing Officer Alan Shaw."They are a new level of product that is not out there in the marketplace right now, or had not been. We're confident that...it's going to help us grow moving forward," Shaw said. Railroad executives said NS is seeking to take advantage of higher spot truck prices and tight truck markets in some U.S. regions.NS' July volumes are "a pretty strong sequential improvement over June," and June was a month that experienced high retail spending and rising truck rates and truck tonnage, Shaw said. Although export activity has been slow in July, there is a "heavy demand" for imports because of low inventories, Shaw said. Since more goods are being sent to West Coast ports instead of East Coast ports, that has created some transloads into 53-foot containers, which in turn opened up some domestic intermodal opportunities, he said.NS expects volumes to increase sequentially in the second half of 2020 after the COVID-19 pandemic battered rail volumes in April and May. However, the rate of increase is unclear because of political and economic uncertainties. The severity and scope of the COVID-19 pandemic is also another uncertainty. "The risks that we see going forward are increasing cases of COVID-19 and the unsettled situation with fiscal policy and the stimulus, and the impact that that could potentially have on fourth quarter volume and revenue," Shaw said.NS is still looking to reduce terminal footprintNS' TOP21, its version of precision scheduled railroading, coupled with the impacts of COVID-19 this spring, contributed to NS' decision to shed assets to make the company leaner. That included idling two large hump yards at the Linwood terminal in North Carolina and Bellevue at Ohio, in addition to idling two other hump yards over the past year. NS also closed one of two locomotive heavy repair shops. "The second quarter saw an unprecedented amount of operating change, as we ceased hump operations at two yards and responded to major volume shifts with a keen eye, towards making many of our crew start reductions permanent," said NS Chief Operating Officer Mike Wheeler. He also said NS reduced the headcount levels of its train and engine staff and cut the number of active locomotives on its network to match network capacity needs with demand.View more earnings on NSCAs volumes rebound, NS will continue to seek ways to reduce its terminal footprint."We're not letting off the gas. We've got several things we continue to look at that are in the hopper, and we'll roll out as appropriate based on the volumes in the business," Wheeler said. "But like I've said before, we are going to continue to push ourselves to find ways to reduce our structural costs out there and the terminals that we can do without, while still providing service products that we've committed to. So, we still have things we're working on and you'll see those roll out in the future."NS' second-quarter financial results, go here.Click here for more FreightWaves articles by Joanna Marsh.Related articles: Pandemic puts pressure on Norfolk SouthernNorfolk Southern names new chief commercial officerNorfolk Southern to idle Bellevue hump yard in OhioNorfolk Southern shuffles its departmentsSee more from Benzinga * Pandemic Puts Pressure On Norfolk Southern * Feds: Railroads' Rate Discussions Can Be Evidence In Price-Fixing Lawsuits * US Rail Volumes Still Under Pressure(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/30/2020
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Norfolk Southern: The Bull Case Is Strengthening Despite COVID-19
- Norfolk Southern reported much better earnings than expected despite severe COVID-19 related headwinds.
- 07/30/2020
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Norfolk Southern Corp (NSC) Q2 2020 Earnings Call Transcript
- NSC earnings call for the period ending June 30, 2020.
- 07/29/2020
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Pandemic Puts Pressure On Norfolk Southern
- Norfolk Southern's (NYSE: NSC) net profits for the second quarter slipped 46% to $392 million, or $1.53 in diluted earnings per share, compared with $722 million, or $2.70 in diluted earnings per share, in the second quarter of 2019.A 26% decline in rail volumes contributed to the drop in profits year-over-year. Operating revenues fell 29% to $2.1 billion. Meanwhile, operating expenses slipped 21% to $1.5 billion on lower expenses for fuel, compensation and benefits and purchased services. Income from railway operations was $610 million, a 43% drop from nearly $1.07 billion in the second quarter of 2019.The profit decline in the second quarter comes as other Class I railroads also reported decreases in second-quarter net income because of adverse economic conditions exacerbated by the COVID-19 pandemic.(Norfolk Southern)The steepest revenue declines in the second quarter came from automotive and coal. (Norfolk Southern)But service metrics improved in the second quarter, with train speeds increasing 12% to 24.6 miles per hour and terminal dwell falling 1% to 18.1 hours.Norfolk Southern's (NS) operating ratio was 70.7% for the quarter, compared with 63.6% in the same period last year. Operating ratio, which is a company's expenses as a percentage of its revenue, can be an indicator of the financial performance of a company. A lower percentage implies improved financial performance. "In a period when working safely and delivering for our customers was abruptly redefined, our employees responded by protecting each other and innovating to serve rapidly evolving freight demand. Underscoring our commitment to shareholder value, we forged ahead with our ongoing transformation by further reducing our hump yard footprint, achieving fuel efficiency gains, and increasing train size. These are astounding achievements while managing the unprecedented economic disruption and public health crisis," said NS President and CEO Jim Squires. "We are mobilized and driven to meet the challenges and opportunities that lie ahead, and we will continue to create collaborative change and relentlessly pursue increased productivity as a leading supply chain partner throughout the economic recovery and beyond." Click here for more FreightWaves articles by Joanna Marsh.Related articles: Norfolk Southern names new chief operating officerNorfolk Southern to idle Bellevue hump yard in OhioNorfolk Southern shuffles its departmentsSee more from Benzinga * ArcBest Q2 Well Ahead Of Estimates * Cummins Dives Into Hydrogen As Traditional Engine Business Stalls * Michelin Rolling Out Tire Distribution Through South Carolina Inland Port(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/29/2020
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Norfolk Southern Corporation (NSC) CEO Jim Squires on Q2 2020 Results - Earnings Call Transcript
- Norfolk Southern Corporation (NYSE:NSC) Q2 2020 Earnings Conference Call July 29, 2020 08:45 AM ET Company Participants Pete Sharbel - Director of Investor Relations Jim Squires - Chairman, President & Chief Executive Officer Alan Shaw - Chief Marketing Officer Mark George - Chief Financial Officer Mike Wheeler - Chief Operating Officer.
- 07/29/2020
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Norfolk Southern Corporation 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Norfolk Southern Corporation in conjunction with their 2020 Q2 earnings call.
- 07/29/2020
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Norfolk Southern (NSC) Q2 Earnings Beat, Decline 43% Y/Y
- Weak volumes due to coronavirus-induced economic downturn weigh on Norfolk Southern's (NSC) Q2 results.
- 07/29/2020
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Norfolk Southern (NSC) Surpasses Q2 Earnings and Revenue Estimates
- Norfolk Southern (NSC) delivered earnings and revenue surprises of 10.07% and 1.14%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2020
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Norfolk Southern reports second-quarter 2020 results
- Norfolk Southern Corporation (NYSE: NSC) today reported second-quarter financial results.
- 07/29/2020
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Norfolk Southern declares quarterly dividend
- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable September 10 to shareholders of record on August 7.
- 07/28/2020
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Norfolk Southern COO Wheeler to retire, names Union Pacific VP as replacement
- Norfolk Southern Corp. said Monday that Chief Operating Officer Michael Wheeler will retire, after more than four years in the role. The rail road company said Cindy Sanborn will succeed Wheeler as COO, effective Sept. 1. Wheeler became COO on Feb. 1, 2016, and Sanborn joins the company from fellow rail operator Union Pacific Corp. , where she was most recently vice president of network planning. Norfolk Southern's stock, which rose 1.4% in morning trading, has slipped 2.3% year to date, while the Dow Jones Transportation Average has lost 9.8% and the Dow Jones Industrial Average has declined 6.9%.
- 07/27/2020
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Norfolk Southern appoints Sanborn chief operating officer; Wheeler to retire
- Norfolk Southern Corporation (NYSE: NSC) today announced its board of directors has appointed Cindy Sanborn executive vice president and chief operating officer, effective Sept. 1, 2020. Sanborn will succeed Michael Wheeler, who will retire from the company effective Oct. 1, 2020.
- 07/27/2020
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Quaker Wealth Management LLC Acquires Shares of 1,249 Norfolk Southern Corp. (NYSE:NSC)
- Quaker Wealth Management LLC bought a new position in shares of Norfolk Southern Corp. (NYSE:NSC) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,249 shares of the railroad operator’s stock, valued at approximately $219,000. Other institutional investors have also recently made changes to their […]
- 07/27/2020
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Amazon, Apple, Boeing, Starbucks, Visa and Other Stocks to Watch This Week
- It’s the peak of second-quarter earnings season, with results pouring in from key companies.
- 07/26/2020
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Amazon, Apple, Boeing, Starbucks, Visa and Other Stocks to Watch This Week
- It’s the peak of second-quarter earnings season, with results pouring in from key companies.
- 07/26/2020
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Even as Indy Goes Autonomous, the Race to True Self-Driving Has Been Long
- In 2021 university teams will compete in an autonomous-car race at Indianapolis Motor Speedway. It’s a reminder how difficult the technology behind autonomous driving is.
- 07/25/2020
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Here comes one of the newsiest and most critical weeks of the summer for markets
- In a summer of unending news, we may be heading into what could be the newsiest week of all.
- 07/24/2020
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What's in Store for Norfolk Southern (NSC) in Q2 Earnings?
- Impact of Low freight volumes and excess truck capacity is likely to get reflected in Norfolk Southern's (NSC) second-quarter performance.
- 07/22/2020
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Earnings Preview: Norfolk Southern (NSC) Q2 Earnings Expected to Decline
- Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2020
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Empirical Finance LLC Grows Position in Norfolk Southern Corp. (NYSE:NSC)
- Empirical Finance LLC increased its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 13.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,770 shares of the railroad operator’s stock after buying an additional 213 shares during the quarter. Empirical Finance LLC’s holdings in […]
- 07/22/2020
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Raymond James Financial Services Advisors Inc. Has $19.23 Million Position in Norfolk Southern Corp. (NYSE:NSC)
- Raymond James Financial Services Advisors Inc. grew its holdings in Norfolk Southern Corp. (NYSE:NSC) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,520 shares of the railroad operator’s stock after buying an additional 4,300 shares during the quarter. Raymond […]
- 07/20/2020
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Tiaa Fsb Sells 2,001 Shares of Norfolk Southern Corp. (NYSE:NSC)
- Tiaa Fsb lowered its holdings in Norfolk Southern Corp. (NYSE:NSC) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,704 shares of the railroad operator’s stock after selling 2,001 shares during the quarter. Tiaa Fsb’s holdings in Norfolk […]
- 07/17/2020
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Gateway Investment Advisers LLC Has $6.13 Million Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)
- Gateway Investment Advisers LLC cut its holdings in Norfolk Southern Corp. (NYSE:NSC) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,925 shares of the railroad operator’s stock after selling 3,755 shares during the period. Gateway Investment Advisers LLC’s holdings […]
- 07/17/2020
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NuWave Investment Management LLC Buys Shares of 164 Norfolk Southern Corp. (NYSE:NSC)
- NuWave Investment Management LLC purchased a new position in Norfolk Southern Corp. (NYSE:NSC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 164 shares of the railroad operator’s stock, valued at approximately $29,000. Other institutional investors and hedge funds also recently modified their holdings of the […]
- 07/16/2020
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Regulators say railroad talks can be included in lawsuits
- Federal regulators say the nation’s four largest railroads shouldn’t be able to exclude all the details of their conversations from a lawsuit challenging the way they set rates in the past
- 07/14/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by IFM Investors Pty Ltd
- IFM Investors Pty Ltd cut its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,724 shares of the railroad operator’s stock after selling 9,711 shares during the quarter. IFM Investors Pty Ltd’s holdings […]
- 07/14/2020
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Were Hedge Funds Right About Piling Into Norfolk Southern Corp. (NSC)?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/08/2020
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U.S. Railroad Traffic Improves in June: 3 Stocks in Focus
- U.S. railroad companies are seeing gradual improvement in volumes following the lows witnessed in April.
- 07/07/2020
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Freight Rail News Round-Up
- From capital investment plans to retirement to changes in fee schedules – here's a round-up of some freight rail news items:Railway Supply Institute Head To DepartMike O'Malley, president of the Railway Supply Institute (RSI), is leaving the group he heads at the end of the month. O'Malley, who has served as RSI's president since early 2018, will be pursuing opportunities outside of the Washington, D.C. area where RSI is based. RSI is a trade association representing 200 rail suppliers in freight and passenger rail. Members are companies within the mechanical, communications and signaling, maintenance of way and passenger rail industries. Existing RSI Senior Vice President Nicole Brewin will oversee the association as the group's board examines candidates to replace O'Malley. The board's executive committee will also provide oversight and support to Brewin and to RSI's staff."Mike's experience in both government and the rail industry has served RSI well and we have accomplished a great deal during his tenure. Under his leadership, RSI and our members have shaped critical legislative and regulatory policies affecting our industry and strengthened our voice in the nation's capital," said Jason Connell, chairman of the RSI board of directors. Connell continued, "RSI appreciates Mike's service to the organization and the industry and wishes Mike the best in his new endeavors. Thanks to the continuing support of its dedicated members, the organization remains healthy and financially stable. RSI is well-positioned to navigate the current situation and emerge a stronger association." CN To Invest C$10 Million In Nova Scotia InfrastructureCanadian National Railway CN (NYSE: CNI) expects to spend over C$10 million in infrastructure investments and maintenance in Nova Scotia this year.CN's capital improvement program for the province includes replacing rail and ties, rebuilding road crossing surfaces and conducting maintenance work on bridges, culverts, signal systems and other track infrastructure. The railway says it has spent approximately $85 million on infrastructure projects and maintenance in Nova Scotia over the last five years.CN announced its capital investment plans for Ontario, British Columbia, Alberta and Quebec last week.CN expects to replace four miles of rail track, install approximately 30,000 new railroad ties, rebuild eight road crossing surfaces and conduct maintenance work. CN operates 162 route miles in the province. The Port of Halifax is located in Nova Scotia, and CN handles all the rail-served import and export containers there. CN also has an intermodal terminal in Halifax. The port also has a major autoport that receives imported vehicles for distribution across North America.Norfolk Southern Details Changes To Demurrage And Accessorial ChargesNorfolk Southern Corp (NYSE: NSC) has made some changes to its demurrage and accessorial charges. The changes are described here and information about the tariffs can be found here. The changes to the company's demurrage tariffs pertain to rules and charges related to switching railcars from one track to another within Norfolk Southern's (NS) system and for moving equipment between NS track and the track of another railroad. The changes are effective on August 1. The railroad's changes to its accessorial charges pertain to specific rules and charges such as diversion, reconsignments, overloaded cars, use of cranes and derricks for loading and unloading, and storage. These changes are also effective on August 1.Click here for more FreightWaves articles by Joanna Marsh.Related articles:Putting the brakes on brakesStakeholders await new guidance on rail track and brake safety standardsCN to invest 0 million in Ontario assetsCN plans nearly C billion in capital projectsNorfolk Southern makes changes to demurrage and accessorial chargesSee more from Benzinga * June Rail Traffic Sees Recovery 'Accelerate' * CN Plans Nearly C Billion In Capital Projects * Class 1 Railroads To Retain Cost-Cutting Measures(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/06/2020
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Fulton Bank N. A. Raises Stock Holdings in Norfolk Southern Corp. (NYSE:NSC)
- Fulton Bank N. A. increased its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 159.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,958 shares of the railroad operator’s stock after purchasing an additional 7,342 shares during the quarter. Fulton Bank […]
- 07/06/2020
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CT Among 3 Lowest States For Positive Coronavirus Test Rate
- CT Among 3 Lowest States For Positive Test Rate - Across Connecticut, CT - Connecticut continues to push its positive coronavirus test rate lower and lower.
- 07/02/2020
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Biking and walking path between Jersey City and Montclair is one step closer to reality
- Public space advocates appear to have reached a deal with the Norfolk Southern Railway Company to acquire 8.6 miles of unused railroad line for a public walking and bike path.
- 07/01/2020
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Norfolk Southern to hold second-quarter 2020 earnings conference call July 29
- Norfolk Southern Corporation (NYSE: NSC) will announce its second-quarter financial results during a conference call and live internet webcast at 8:45 a.m. EDT on Wednesday, July 29, 2020. Quarterly earnings results will be released after 8 a.m. EDT, and a press release will be posted at www.norfolksouthern.com under the Investors section.
- 07/01/2020
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Guggenheim Capital LLC Trims Holdings in Norfolk Southern Corp. (NYSE:NSC)
- Guggenheim Capital LLC lowered its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 32.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,933 shares of the railroad operator’s stock after selling 11,678 shares during the period. Guggenheim Capital LLC’s holdings […]
- 07/01/2020
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Dividend Increases Expected In July 2020
- Despite the economies starting to reopen, the stock market was mixed. If things turn sour quickly in July, we could experience another wave of dividend cut. Aft
- 07/01/2020
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Dividend Increases Expected in July 2020
- We are in store for another crazy month in the market. We are expecting six companies to announce dividend increases in July. Some
- 06/30/2020
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CT Coronavirus Updates: New Milestone For Hospitalizations
- CT Coronavirus Updates - Across Connecticut, CT - While coronavirus numbers are spiking seemingly everywhere that isnt the case in Connecticut.
- 06/30/2020
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CT Coronavirus Updates: Hospitalizations Drop Significantly
- CT Coronavirus Updates - Across Connecticut, CT - Here is a look at the number of coronavirus cases, deaths and people tested per town in Connecticut.
- 06/28/2020
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Optimal Asset Management Inc. Boosts Stake in Norfolk Southern Corp. (NYSE:NSC)
- Optimal Asset Management Inc. lifted its holdings in Norfolk Southern Corp. (NYSE:NSC) by 85.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the railroad operator’s stock after buying an additional 2,483 shares during the […]
- 06/28/2020
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Volume Woes Likely to Hamper Railroads' Q2 Results: Here's Why
- Railroads bear the brunt of coronavirus-induced supply-chain disruptions. However, their cost-controlling efforts are impressive.
- 06/25/2020
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CT On Track To Contain Coronavirus New Report Says
- Coronavirus Cases In CT Continue To Decline - Across Connecticut, CT - A new study explains in detail how Connecticut is doing with regard to slowing down the spread of the coronavirus.
- 06/25/2020
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Thursday’s analyst upgrades and downgrades
- Inside the Market’s roundup of some of today’s key analyst actions
- 06/25/2020
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CT Surpasses 400,000 Coronavirus Tests Administered
- CT Surpasses 400k Coronavirus Tests Administered - Across Connecticut, CT - Connecticut is 10th in the nation for most tests per capita.
- 06/24/2020
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A list of Mass. school districts with layoffs of 10 people or more - The Boston Globe
- More than 2,000 educators have received layoffs or nonrenewal notices for the fall, the Massachusetts Teachers Association said Tuesday.
- 06/23/2020
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CT Positive Coronavirus Rate Hovers Around 1 Percent
- CT Positive Coronavirus Rate Hovers Around 1% - Across Connecticut, CT - The state continues its trend of keeping the virus from spreading,
- 06/23/2020
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CT Coronavirus Updates: Hospitalizations Drop To 150
- CT Coronavirus Updates: Hospitalizations Drop To 1 - Across Connecticut, CT - Here are the latest town-by-town coronavirus cases, deaths and number of people tested in Connecticut.
- 06/21/2020
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Norfolk Southern Investors Are Smiling Despite A Tough Year
- Norfolk Southern crushed Q1 earnings as efficiency gains and stock buybacks boost the company's bottom line. Shareholder value will accelerate as soon as the ec
- 06/20/2020
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CT Has Lowest Rate Of Coronavirus Transmission In Nation
- CT Coronavirus Updates: Infection Rate Lowest - Across Connecticut, CT - As several states in the United States are seeing a surge in coronavirus cases, Connecticuts numbers continue to drop across the board.
- 06/20/2020
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Zero-Emission Locomotive "999" Restored For Use In California
- Before the Tesla Model S era of automobiles, Norfolk Southern (NS) had a project to develop a zero-emission battery-powered locomotive prototype for use as a road switcher. The locomotive, named "999," didn't work out as expected and the idea was dropped. It was never put into service.
- 06/19/2020
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Employee Headcount at US Class 1 Operations Tumbles 17% in May
- Rail employment in the U.S. Class I operations fell below 120,000 workers in May, reaching a new low as the railroads trimmed their workforce levels to match the steep declines in rail volumes.May's overall headcount among the U.S.operations of the Class I railroads totaled 118,880, a 16.9% drop from May 2019 and a nearly 4.5% decline from April 2020, according to freight rail data submitted to the Surface Transportation Board (STB). The total is the lowest since at least January 2012, which is the earliest date that FreightWaves has data available.Of May's total, headcount levels within the train and engine crew category, which tends to be more sensitive to demand for freight rail service, totaled 43,660, a whopping 25.7% decrease from 60,256 in May 2019 and a 10.3% decline from April 2020.Data from the U.S. Bureau of Labor Statistics also show the precipitous drop in rail headcount. The totals in the SONAR chart below reflect rail headcount for both freight and passenger rail.U.S. rail headcount levels for passenger and freight rail over the past year. The data is from the U.S. Bureau of Labor Statistics. (SONAR)The COVID-19 pandemic contributed to the headcount declines, with sheltering-in-place mandates in April and May slashing rail volumes as citizens stayed at home. As a result, the Class I railroads sought to scale down operations to match lower demand through actions such as implementing fewer train starts and temporarily shutting down facilities with lower traffic.Although rail volumes appear to have started to recover in recent weeks, a number of the railroads are mulling over to what degree they resume rail operations, particularly for facilities where traffic might've been historically lighter or where there might be perceived inefficiencies.Should the railroads decide to keep some aspect of their pared-down operations, it could alter headcount levels even further in 2020. Additionally, the pace of how the Class I railroads call back furloughed employees is also likely to affect headcount totals over the coming year.The uncertainty of how much further freight rail headcount levels could fall comes as some railroads recently announced plans to reorganize their operations partly because of precision scheduled railroading and also because the drop in rail volumes accelerated plans to curtail operations at some locations.For instance, CSX (NASDAQ: CSX) said last week that it was folding its safety and facilities groups into the operations group later this summer – concurrent with the retirement of the head of those groups.The reorganization comes as CSX terminated 86 employees, each of whom has been offered a severance package and other support to help with their transition, according to the company."Last week CSX announced the realignment of responsibilities to better reflect our business needs and to be more productive and efficient. The changes followed a careful review of our management organization that considered what work we should be focused on and whether that work resides in the right place in the organization," CSX said. "The synergies achieved through these realignments unfortunately resulted in the reduction of some management positions across the company."Meanwhile, Norfolk Southern (NYSE: NSC) also said last week it would furlough some employees as a result of idling the Bellevue (Ohio) hump yard and transitioning to flat switching there.Norfolk Southern (NS) said the idling of the yard and the new focus on flat switching "will allow for greater efficiencies and customer service" as NS rolls out its strategic operations plans. The business disruptions from the COVID-19 pandemic also accelerated the need to compensate for lower car volumes, NS said.(Click here for more FreightWaves articles by Joanna Marsh)See more from Benzinga * How to Manage Supply Chain Volatility * More Severe Storms Could Hit Plains Through The Weekend (With Forecast Video) * Texas Supreme Court Rules Against Family in 'Overworked' Truck Driver Death(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/19/2020
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Friday’s analyst upgrades and downgrades
- Inside the Market’s roundup of some of today’s key analyst actions
- 06/19/2020
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CT Continues Coronavirus Hospitalization Drop
- CT Continues Coronavirus Hospitalization Drop - Across Connecticut, CT - Connecticut continues its trend of less hospitalizations, single-digit daily deaths and a low positive test rate.
- 06/19/2020
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Analysts Offer Insights on Services Companies: Norfolk Southern (NYSE: NSC) and Starbucks (NASDAQ: SBUX) - Markets
- There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Norfolk Southern
- 06/18/2020
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CT Coronavirus Hospitalizations Drop Below 200
- CT Coronavirus Hospitalizations Drop Below 200 - Across Connecticut, CT - Connecticut also had its third straight day of single-digit reported coronavirus deaths.
- 06/18/2020
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Norfolk Southern (NYSE:NSC) Now Covered by Analysts at Deutsche Bank
- Research analysts at Deutsche Bank started coverage on shares of Norfolk Southern (NYSE:NSC) in a research report issued to clients and investors on Wednesday, TipRanks reports. The firm set a “sell” rating on the railroad operator’s stock. Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Norfolk […]
- 06/18/2020
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Why Didn’t Union Pacific Drop Though 2019 Revenues Shrank?
- The stock price of Union Pacific (NYSE: UNP), one of the world’s largest railroad companies, is up over 25% since the beginning of 2019. But how did the company pull off such gains, as its revenues declined 5% in 2019? Well, there is a valid reason, of course...
- 06/17/2020
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CT Coronavirus Updates: Town-By-Town Cases, Deaths Reported
- CT Coronavirus Updates: Town-By-Town Cases - Across Connecticut, CT - There were more than 300 new coronavirus cases over the past 24 hours but nearly 14,000 tests were administered.
- 06/14/2020
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Shares of several industrials companies are trading lower with the overall market as coronavirus cases increase in some US states that have reopened, leading to concerns of a second wave of the virus.
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United Bank Trims Stock Position in Norfolk Southern Corp. (NYSE:NSC)
- United Bank cut its stake in Norfolk Southern Corp. (NYSE:NSC) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,474 shares of the railroad operator’s stock after selling 1,405 shares during the period. United Bank’s holdings in Norfolk Southern […]
- 06/10/2020
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Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q1 2020 Update
- Halvorsen's 13F portfolio value decreased from $21.35B to $19.21B. The number of positions decreased from 66 to 64. Viking Global increased Comcast, Fidelity Na
- 06/08/2020
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Commentary: Should We Fear Mega-Railroad Mergers?
- The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
About once a year, someone pens a North...
- 06/08/2020
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Van ECK Associates Corp Has $1.60 Million Stake in Norfolk Southern Corp. (NYSE:NSC)
- Van ECK Associates Corp trimmed its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 22.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,976 shares of the railroad operator’s stock after selling 3,117 shares during the period. Van ECK Associates […]
- 06/07/2020
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The ultimate virtual pub quiz - 40 questions to test your knowledge
- Have a go at these
- 06/06/2020
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Shares of several industrial companies are trading higher following strong US jobs numbers and continued optimism surrounding the reopening of the US economy. These have lead to hopes of an economic rebound and an uptick in production/shipping activity.
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Norfolk Southern Unveils Restructuring Amid Coronavirus Woes
- John Scheib resigns as executive vice president and chief strategy officer of Norfolk Southern (NSC). The company announces other changes amid coronavirus woes.
- 06/04/2020
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Investors will have to navigate these three post-pandemic market stages: Goldman Sachs
- Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
- 06/04/2020
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Norfolk Southern Corp (NSC) EVP & COO Michael Joseph Wheeler Sold $–.8 million of Shares
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Jim Cramer: What's Normalcy in This Country?
- We're cheering what may be an aberration, a bullish employment number. We'll take what it brings - a wholesale shift in what we're buying and what we're selling to fund it.
- 06/03/2020
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Shares of several industrial companies are trading higher after as equities continue to gain on optimism over an economic reopening which could potentially increase consumer spending and sales demand as well as a smaller-than-expected drop in nonfarm payrolls.
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Norfolk Southern Shuffles Departments
- Norfolk Southern (NYSE: NSC) has restructured some of its departments amid the departure of Chief Strategy Officer John Scheib on June 1.Strategy and operations functions previously led by Scheib will be integrated into the finance, operations, and marketing divisions of Norfolk Southern (NS) to create "efficiencies and closer alignment among teams," NS said.The changes include the following: * The Strategic Planning Department will move to the Finance Division, led by Chief Financial Officer Mark George. The Finance Division, which just created a financial planning and analysis group (see below), is responsible for fortifying NS' analysis and metrics and competitive benchmarking. * The Network Planning and Optimization Department will be integrated into the Operations Division, led by Chief Operating Officer Mike Wheeler. NS said the department "played an integral role in developing and successfully rolling out the TOP21 operating plan," the NS version of precision scheduled railroading. * The Customer Operations Department will move to the Marketing Division, headed by Chief Marketing Officer Alan Shaw. NS said the move would enhance the company's customer service."This new structure positions Norfolk Southern for continued success as a faster, smarter, and more resilient company," said NS CEO Jim Squires. "We are achieving further cost savings, enhancing collaboration, and increasing operational efficiency, all while maintaining superior customer service.""With our strategic plan firmly established and producing results ahead of schedule, now is a good time for me to start a new chapter," Scheib said. "It's been a privilege to be part of Norfolk Southern's successful transformation, as chief strategy officer and before that as a chief legal officer, and work alongside the best employees in the industry."Additional changes to the Finance DivisionThe organizational changes NS announced yesterday to follow the reorganization of its Finance Division in May."As we continue to implement our strategic plan and push toward a 60% operating ratio, we are enhancing our finance organization to drive improved performance across our business," George said in a May 15 release.NS established the financial planning and analysis department, which will seek ways for NS to manage its assets and control costs. Within the department, Jason Zampi will serve as vice president of financial planning and analysis. He has been with NS for nine years, serving in leadership roles in finance, treasury, and accounting, NS said. He was previously a senior manager with KPMG. Clyde "Jake" Allison Jr. will be responsible for all accounting functions as vice president and controller. Allison currently serves as vice president and treasurer. He has been with NS for 26 years, serving most recently as vice president and treasurer. He also was involved in audit and compliance, material management, accounting, and treasury. His career began at KPMG as a manager. Chris Neikirk will serve as vice president of treasury and investor relations. He has also been at NS for 26 years, most recently as assistant vice president for finance, cost, and treasury. Neikirk has also served in marketing, energy and properties, finance, treasury, and the chairman's office at NS. Pete Sharbel, current director of investor relations, will report to Neikirk in this new role, according to NS.The changes became effective on June 1.See more from Benzinga * Projects At Savannah And Charleston Ports Make Progress * FMCSA Issues Intermodal Chassis Inspection Waiver * Transplace Acquires Parcel Managed Transportation Platform ScanData(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/02/2020
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Rents in the Most Expensive Cities Drop. Oil Patch Gets Hit Too. But Massive Gains in Other Cities
- Are the Work-from-Home-Folks Moving to Cheaper Pastures?
- 06/02/2020
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Norfolk Southern announces leadership and organizational changes
- Norfolk Southern Corporation (NYSE: NSC) today announced that John Scheib is stepping down as executive vice president and chief strategy officer, effective June 1.
- 06/01/2020
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Norfolk Southern Hurt By Low Volumes Amid Coronavirus Woes
- Norfolk Southern (NSC) faces softness in volumes due to the COVID-19 pandemic. However, its efforts to curb costs bode well.
- 06/01/2020
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Norfolk Southern announces leadership and organizational changes
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Why Is Norfolk Southern (NSC) Up 5.4% Since Last Earnings Report?
- Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/29/2020
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Hedge Funds Are Cashing Out Of Norfolk Southern Corp. (NSC)
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 05/29/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by Blair William & Co. IL
- Blair William & Co. IL cut its position in Norfolk Southern Corp. (NYSE:NSC) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,909 shares of the railroad operator’s stock after selling 500 shares during the quarter. Blair William & Co. IL’s holdings in […]
- 05/27/2020
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Public Employees Retirement Association Of Colorad Buys Verisk Analytics Inc, Raytheon Co, MSCI ...
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Shares of several industrial companies are trading higher in sympathy with the overall market as equities rally on coronavirus vaccine hopes as well as a pickup in economic activity as some US states reopen businesses.
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Companies’ Financial Planning Comes Up Short in the Coronavirus Era
- The unprecedented nature of the coronavirus pandemic has complicated the practice of scenario planning, upending annual budgets and investment time lines, and rendering forward-looking guidance futile.
- 05/24/2020
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Wells Fargo Maintains Overweight on Norfolk Southern, Raises Price Target to $194
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Shares of several railroad companies are trading higher as equities gain for the session. Economic optimism amid strong earnings from some US retailers and the reopening of some US states is a potential positive for transportation stocks
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Shares of several industrial companies are trading higher amid strength in oil, strong earnings from Lowe's and optimism towards a U.S. economic rebound.
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Norfolk Southern announces executive changes to Finance Division
- Norfolk Southern Corporation (NYSE: NSC) today announced organizational changes within its Finance Division.
- 05/19/2020
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Norfolk Southern announces executive changes to Finance Division
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Shares of several industrial companies are trading higher amid market strength as news from a Moderna trial stoked optimism about a potential coronavirus vaccine, which has raised hopes of an economic rebound.
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Norfolk Southern's stock falls to lead the Dow transports' losers after downbeat volumes outlook
- Shares of Norfolk Southern Corp. dropped 4.0% in afternoon trading Friday, to lead the Dow Jones Transportation Average's losers, after the railroad company's downbeat outlook for volumes amid the COVID-19 pandemic. At the Goldman Sachs Virtual Industries & Materials Conference, Chief Financial Officer Mark George said second-quarter volumes are "trending down about 30% quarter to date," according to a FactSet transcript. He followed by saying the company has been unable to match that steep decline in volume with its cost reductions, so operating ratio "will certainly regress in the second quarter." The FactSet consensus for second-quarter operation ratio (OR) is 66.8%, compared with an adjusted first-quarter OR of 63.7%. The stock, helped weigh on the Dow transports, as did the shares of some other railroad components, as the index fell 73 points, or 0.9%, while the Dow Jones Industrial Average rose 18 points, or 0.1%.
- 05/15/2020
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Norfolk Southern adapts to COVID-19 challenges, forges ahead with strategic plan to 'Reimagine Possible'
- Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and successfully weather the unprecedented situation, CEO James A. Squires said Thursday at the company's annual meeting of shareholders.
- 05/15/2020
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Norfolk Southern adapts to COVID-–9 challenges, forges ahead with strategic plan to ...
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Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes and acceptance of tendered notes
- Norfolk Southern Corporation (NYSE: NSC) (the "Company") today announced the pricing of its offers (the "Exchange Offers") to certain eligible holders to exchange outstanding debt securities listed in the table below (together, the "Existing Notes") for cash and up to $800,000,000 aggregate principal amount of the Company's new Notes due 2055 (the "New Notes"), the complete terms and conditions of which are set forth in a Confidential Offering Memorandum, dated April 30, 2020 (the "Offering Memorandum"), and the related letter of transmittal. The Company also announced that it will pay interest on the New Notes at a rate per annum equal to 3.155%, as calculated in accordance with the Offering Memorandum.
- 05/14/2020
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Norfolk Southern announces expiration of early exchange period of previously announced exchange offers
- Norfolk Southern Corporation (NYSE: NSC) (the "Company") today announced the expiration of the early exchange period in connection with its offers (the "Exchange Offers") to certain eligible holders to exchange outstanding debt securities listed in the table below (collectively, the "Existing Notes") for cash and up to $800,000,000 principal amount of the Company's new Notes due 2055 (the "New Notes"), the complete terms and conditions of which are set forth in a Confidential Offering Memorandum, dated April 30, 2020 (the "Offering Memorandum"), and the related letter of transmittal.
- 05/14/2020
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Norfolk Southern announces pricing of previously announced exchange offers, interest rate for ...
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Norfolk Southern's Cost Cuts Buttress The Bottom Line
- NSC's Q1 revenue fell 8% Y/Y. Deep cost cuts kept EBITDA from declining. Margins could fall over the short term as industry rail traffic faces headwinds. Rail t
- 05/12/2020
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Philly Fed Pres Harker Says Evidence Is Overwhelming Something Needs To Be Done To Help Train Workers For New Careers
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Morgan Stanley Maintains Underweight on Norfolk Southern, Raises Price Target to $122
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Avoid Norfolk Southern
- I think Norfolk Southern is a fine company, but as I pointed out a few months (and 18%) ago, a great company can be a terrible investment. I think the dividend
- 05/11/2020
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Norfolk Southern to present at investor conferences in May
- Norfolk Southern Corporation (NYSE: NSC) will make presentations at the Goldman Sachs Industrials and Materials Conference on May 15 and at the Wolfe Global Transportation and Industrials Conference on May 20.
- 05/08/2020
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Norfolk Southern to present at investor conferences in May
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Buy-And-Hold Vs. Rotational Strategy April 2020 Update
- Many investors find it difficult to sell high-quality winners. But when high prices push expected future returns low enough, even the stocks of the best busines
- 05/06/2020
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Argus Research Maintains Buy on Norfolk Southern, Lowers Price Target to $200
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Norfolk Southern names Barbara Paul vice president human resources
- Norfolk Southern Corporation (NYSE: NSC) named Barbara Paul its vice president human resources, effective May 1, 2020.
- 05/05/2020
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Were Hedge Funds Right About Norfolk Southern Corp. (NSC)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P; 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 05/04/2020
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Top Research Reports for Microsoft, CVS Health & Boeing
- Top Research Reports for Microsoft, CVS Health & Boeing
- 05/01/2020
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The Big Lockdown Quiz: 100 questions to test your general knowledge
- Planning a quiz? Or just wanting to test yourself?
- 05/01/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by Crossmark Global Holdings Inc.
- Crossmark Global Holdings Inc. trimmed its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 4.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 20,523 shares of the railroad operator’s stock after selling 973 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Norfolk Southern were worth $2,996,000 at the end of […]
- 05/01/2020
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Calamos Advisors LLC Reduces Position in Norfolk Southern Corp. (NYSE:NSC)
- Calamos Advisors LLC decreased its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 7.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,377 shares of the railroad operator’s stock after selling 3,268 shares during the quarter. Calamos Advisors LLC’s holdings in Norfolk Southern were worth $5,603,000 at the end of the most […]
- 05/01/2020
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Norfolk Southern (NYSE:NSC) Shares Down 5.1% on Analyst Downgrade
- Norfolk Southern Corp. (NYSE:NSC)’s stock price fell 5.1% on Thursday after Cowen lowered their price target on the stock from $200.00 to $197.00. Cowen currently has an outperform rating on the stock. Norfolk Southern traded as low as $170.42 and last traded at $171.10, 2,205,425 shares traded hands during trading. An increase of 11% from […]
- 05/01/2020
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Norfolk Southern (NYSE:NSC) PT Raised to $183.00
- Norfolk Southern (NYSE:NSC) had its price target lifted by stock analysts at Wells Fargo & Co from $180.00 to $183.00 in a report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the railroad operator’s stock. Wells Fargo & Co‘s target price points to a potential upside of 6.95% from the […]
- 05/01/2020
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Norfolk Southern (NYSE:NSC) PT Raised to $180.00
- Norfolk Southern (NYSE:NSC) had its target price hoisted by stock analysts at TD Securities from $145.00 to $180.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the railroad operator’s stock. TD Securities’ price target points to a potential upside of 5.20% from the company’s […]
- 05/01/2020
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Norfolk Southern announces private exchange offers
- Norfolk Southern Corporation (the "Company") (NYSE: NSC) announced today the commencement of offers to certain eligible holders (together, the "Exchange Offers") of the Company's outstanding debt securities listed in the table below (together, the "Existing Notes") to
- 05/01/2020
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UBS Maintains Buy on Norfolk Southern, Raises Price Target to $197
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Analysts Have Conflicting Sentiments on These Services Companies: CH Robinson (CHRW), Strategic Education (STRA) and Norfolk Southern (NSC)
- Companies in the Services sector have received a lot of coverage today as analysts weigh in on CH Robinson (CHRW), Strategic Education (STRA) and Norfolk
- 04/30/2020
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Norfolk Southern price target raised to $199 from $189 at JPMorgan NSC
- Norfolk Southern price target raised to $199 from $189 at JPMorgan JPMorgan NSC
- 04/30/2020
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Norfolk Southern price target raised to $203 from $182 at Credit Suisse NSC
- Norfolk Southern price target raised to $203 from $182 at Credit Suisse Credit Suisse NSC
- 04/30/2020
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Norfolk Southern Corp. (NYSE:NSC) Shares Sold by Calamos Wealth Management LLC
- Calamos Wealth Management LLC lessened its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 20.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,650 shares of the railroad operator’s stock after selling 430 shares during the period. Calamos Wealth Management LLC’s holdings […]
- 04/30/2020
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Norfolk Southern’s 1Q Core Margins Solid, but 2Q Carloads Will Plummet on COVID-19 Headwinds
- Matthew Young, CFA (matthew.young@morningstar.com)
- 04/30/2020
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Chesapeake Wealth Management Has $602,000 Position in Norfolk Southern Corp. (NYSE:NSC)
- Chesapeake Wealth Management cut its holdings in Norfolk Southern Corp. (NYSE:NSC) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,124 shares of the railroad operator’s stock after selling 132 shares during the quarter. Chesapeake Wealth Management’s holdings in Norfolk Southern were worth $602,000 as […]
- 04/30/2020
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Analysts Offer Insights on Services Companies: Norfolk Southern (NSC), Lantronix (LTRX) and Yum! Brands (YUM)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Norfolk Southern (NSC), Lantronix (LTRX) and Yum! Brands
- 04/30/2020
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1ST Source Bank Sells 939 Shares of Norfolk Southern Corp. (NYSE:NSC)
- 1ST Source Bank lowered its position in Norfolk Southern Corp. (NYSE:NSC) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,066 shares of the railroad operator’s stock after selling 939 shares during the quarter. Norfolk Southern makes up about […]
- 04/30/2020
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Norfolk Southern (NYSE:NSC) Trading 5.7% Higher on Better-Than-Expected Earnings
- Norfolk Southern Corp. (NYSE:NSC)’s share price traded up 5.7% on Wednesday following a better than expected earnings announcement. The stock traded as high as $184.85 and last traded at $180.33, 2,290,410 shares traded hands during mid-day trading. An increase of 16% from the average session volume of 1,978,873 shares. The stock had previously closed at […]
- 04/30/2020
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Edited Transcript of NSC earnings conference call or presentation 29-Apr-20 12:45pm GMT
- Q1 2020 Norfolk Southern Corp Earnings Call
- 04/30/2020
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Wells Fargo Maintains Overweight on Norfolk Southern, Raises Price Target to $183
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Georgia public companies disclose pandemic’s financial impact: It’s bad
- Georgia's publicly traded companies are painting a bleak picture as they report on the impact of the coronavirus on revenue, profit and jobs.
- 04/29/2020
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Wells Fargo Sticks to Its Buy Rating for Norfolk Southern (NSC)
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC) today. The company's shares closed last Wednesday at $180.33.
- 04/29/2020
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Wells Fargo Sticks to Its Buy Rating for Norfolk Southern (NSC)
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC – Research Report) today. The company’s shares
- 04/29/2020
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Norfolk Southern Corp (NSC) Q1 2020 Earnings Call Transcript
- NSC earnings call for the period ending March 31, 2020.
- 04/29/2020
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