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Norfolk Southern Corp (NSC)

NSC on New York Consolidated

122.33USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Norfolk Southern says co, PS Technology agree to develop automated system
Tuesday, 2 May 2017 04:38pm EDT 

May 2 (Reuters) - Norfolk Southern Corp :Norfolk southern - Co, software company PS Technology agreed to develop automated system for phased future deployment throughout Norfolk's network.  Full Article

Norfolk Southern EVP and CFO Marta Stewart to retire
Wednesday, 26 Apr 2017 08:05am EDT 

April 26 (Reuters) - Norfolk Southern Corp :Norfolk Southern EVP and CFO Marta Stewart to retire.Norfolk Southern Corp - Has initiated internal and external search for CFO successor.Norfolk Southern Corp - Marta R. Stewart intends to retire effective Aug. 1, 2017.  Full Article

Norfolk Southern reports Q1 EPS $1.48
Wednesday, 26 Apr 2017 08:00am EDT 

April 26 (Reuters) - Norfolk Southern Corp :Norfolk Southern reports record first-quarter 2017 results.Q1 earnings per share $1.48.Q1 earnings per share view $1.33 -- Thomson Reuters I/B/E/S.Q1 revenue $2.6 billion versus I/B/E/S view $2.51 billion.Qtrly railway operating revenues of $2.6 billion increased 6 percent compared with first-quarter 2016.Qtrly railway operating ratio, or operating expenses as a percentage of revenues, was 70.0 percent.  Full Article

Norfolk Southern reports Q4 earnings per share $1.42
Wednesday, 25 Jan 2017 08:00am EST 

Norfolk Southern Corp : Norfolk Southern Corp- qtrly railway operating revenues of $2.5 billion declined 1 percent compared with fourth-quarter 2015 . Norfolk Southern Corp- qtrly general merchandise revenues were $1.5 billion, 1 percent lower than same period last year . Norfolk Southern Corp qtrly coal revenues declined 7 percent to $403 million compared with fourth-quarter 2015 . Norfolk Southern reports fourth-quarter and full-year 2016 results . Q4 earnings per share $1.42 . Q4 earnings per share view $1.36 -- Thomson Reuters I/B/E/S . Q4 revenue $2.5 billion versus I/B/E/S view $2.5 billion . Norfolk Southern Corp- qtrly railway operating expenses declined $147 million, or 8 percent, to $1.7 billion compared with same period last year . Norfolk Southern - for 2017, plans to invest $1.9 billion to maintain safety of its rail network, enhance service, improve operational efficiency . Norfolk Southern Corp- "on way to goal of $650 million of annual savings by 2020" .Norfolk Southern Corp - 2017 investment of $1.9 billion is consistent with Norfolk southern's total capital investment of $1.9 billion in 2016.  Full Article

Norfolk Southern sets regular quarterly dividend of $0.59 per share
Tuesday, 25 Oct 2016 12:07pm EDT 

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

Norfolk southern says train operations have returned to normal since Hurricane Matthew moved up southeast coast
Tuesday, 11 Oct 2016 10:48am EDT 

Norfolk Southern Corp :For most part, NS train operations have returned to normal since hurricane matthew moved up southeast coast.  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

More From Around the Web

Norfolk Southern reports higher first-quarter profit

Norfolk Southern Corp , the No. 4 U.S. railroad, reported a higher first-quarter net profit on Wednesday, as income from railway operations rose and as it recorded a lower effective income tax rate.