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Norfolk Southern Corp (NSC)

NSC on New York Consolidated

110.02USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Norfolk Southern reports third-quarter 2016 results
Wednesday, 26 Oct 2016 08:00am EDT 

Norfolk Southern Corp : Norfolk Southern reports third-quarter 2016 results . Q3 earnings per share $1.55 . Q3 earnings per share view $1.45 -- Thomson Reuters I/B/E/S . Qtrly railway operating revenues were $2.5 billion, down 7 percent compared with third-quarter 2015 . Norfolk Southern Corp says qtrly operating ratio improved to 67.5 percent, reflecting a 10 percent reduction in operating expenses . Norfolk Southern Corp says qtrly railway operating revenues were $2.5 billion, down 7 percent . Norfolk Southern Corp says qtrly general merchandise revenues were $1.6 billion, 4 percent lower than same period last year .Q3 revenue view $2.53 billion -- Thomson Reuters I/B/E/S.  Full Article

Amtrak names Wick Moorman as chief executive officer
Friday, 19 Aug 2016 11:21am EDT 

Amtrak : Names Wick Moorman president and chief executive officer . Moorman, retired chairman, CEO, and president of Norfolk Southern Corp. (NS), will lead company, effective September 1, 2016, in next fiscal year. .Moorman succeeds current CEO Joe Boardman.  Full Article

Norfolk Southern sets regular qtrly dividend of $0.59/share
Friday, 29 Jul 2016 02:15pm EDT 

Norfolk Southern Corp :Sets regular quarterly dividend of $0.59 per share.  Full Article

Norfolk Southern reports Q2 EPS $1.36
Wednesday, 27 Jul 2016 08:00am EDT 

Norfolk Southern Corp : Q2 earnings per share view $1.35 -- Thomson Reuters I/B/E/S . Qtrly Coal Revenues Were $339 Mln, 25 Percent Lower Compared With previous year . Qtrly railway operating revenues were $2.5 billion, down 10 percent compared with second-quarter 2015 . On track to achieve productivity savings of at least $200 million for 2016 . Qtrly operating ratio improved to 68.6 percent, reflecting an 11 percent reduction in operating expenses . Qtrly railway operating revenues were down 10 percent compared with q2 2015 due to reduced volumes and lower fuel surcharge revenues . Norfolk Southern Corp qtrly merchandise revenues were $1.6 billion, 3 percent lower than same period last year . Qtrly coal revenues were $339 million, 25 percent lower compared with second-quarter 2015 .Q2 revenue view $2.48 billion -- Thomson Reuters I/B/E/S.  Full Article

Norfolk Southern restructuring its Pocahontas Land, Development units
Monday, 6 Jun 2016 09:36am EDT 

Norfolk Southern Corp : Is restructuring its Pocahontas Land Corporation and Pocahontas Development Corporation subsidiaries, effective immediately . Restructuring will result in elimination of 18 of 29 employee positions at two subsidiaries .Restructuring as part of its overall drive to increase efficiency and adapting to coal market conditions.  Full Article

Norfolk Southern files for potential senior notes offering
Tuesday, 31 May 2016 09:24am EDT 

Norfolk Southern Corp : Files for potential senior notes offering; size not disclosed - SEC filing .Senior notes will be issued only in registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof.  Full Article

Norfolk southern Entered into an agreement establishing a 5-year, $750 million, unsecured revolving credit facility
Friday, 27 May 2016 02:48pm EDT 

Norfolk Southern Corp : Entered into an agreement establishing a 5-year, $750 million, unsecured revolving credit facility .Agreement replaces registrant's existing $750 million credit facility under an agreement dated as of december 14, 2011 - sec filing.  Full Article

Norfolk Southern says targeting average 5 pct railroad employee reduction for year
Tuesday, 17 May 2016 11:33am EDT 

Norfolk Southern Corp : Says targeting average 5 percent railroad employee reduction for the year . Weather impact on coal will continue across industry through Q4 2016 .In 2016, low commodity prices will continue to limit crude oil, frac sand, steel, and utility and export coal volumes.  Full Article

Norfolk Southern Corp declares quarterly dividend
Tuesday, 19 Apr 2016 11:46am EDT 

Norfolk Southern Corp:Says regular quarterly dividend of 59 cents per share on its common stock, payable on June 10 to stockholders of record date as on May 6.  Full Article

Norfolk Southern Corp - Potential NJ Transit strike complicates operations for freight railroads - WSJ - Reuters News
Tuesday, 8 Mar 2016 05:53pm EST 

Norfolk Southern Corp:A strike by NJ Transit workers could cause a headache for freight railroads that use its tracks, potentially causing some disruption to service for rail customers along those routes. - WSJ.Norfolk Southern Corp., CSX Corp. and their wholly-owned subsidiary Conrail could face minor to moderate interruptions if they can’t run on NJ Transit’s tracks during a work stoppage, people familiar with the matter said.The Morristown & Erie Railway, a small freight carrier that depends heavily on NJ Transit’s network, could face more significant interruptions.NJ Transit dispatchers who control signals and train movements on the railroad’s territory could effectively shut down those tracks if they didn’t show up for work.Employees could go on strike as soon as Sunday morning. NJ Transit is the nation’s third-busiest commuter railroad.Talks in NJ Transit’s labor dispute broke off Tuesday afternoon without a resolution, but were set to reconvene on Thursday.Both sides said they needed to consider each others’ counter-proposals and were generally upbeat as they left a hotel in Newark. They declined to elaborate on details of the negotiations.“We’re heading towards a resolution,” said Stephen Burkert, a spokesman for a coalition of unions representing more than 4,200 NJ Transit rail employees.Gary Dellaverson, an attorney who is NJ Transit’s lead negotiator, said both sides weren’t at an impasse after a second consecutive day of talks.  Full Article

BRIEF-Mitchell Daniels and Marcela Donadio elected to Norfolk Southern board

* Mitchell E. Daniels Jr. and Marcela E. Donadio elected to Norfolk Southern board Source text for Eikon: Further company coverage: