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United States

Norfolk Southern Corp (NSC)

NSC on New York Consolidated

129.23USD
22 Nov 2017
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$0.13 (+0.10%)
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Latest Key Developments (Source: Significant Developments)

Norfolk Southern announces expiration of early exchange period of exchange offers
Tuesday, 14 Nov 2017 09:29am EST 

Nov 14 (Reuters) - Norfolk Southern Corp :Norfolk Southern announces expiration of early exchange period of previously announced exchange offers and increase in aggregate principal amount of new notes to be issued to $750,000,000.Norfolk Southern Corp - has increased cap on principal amount of new notes to be issued in exchange offers from $600 million to $750 million.Norfolk Southern Corp - ‍exchange offers are scheduled to expire on November 28, 2017, unless extended or earlier terminated​.  Full Article

Norfolk Southern announces private exchange offers
Monday, 30 Oct 2017 08:46am EDT 

Oct 30 (Reuters) - Norfolk Southern Corp :Norfolk Southern - ‍commencement of offers of co's debt securities to exchange existing notes for cash & up to $600 million of its new notes due 2047​.  Full Article

Canadian National Railway, Norfolk Southern say new joint interline service reducing transit times
Friday, 27 Oct 2017 12:00pm EDT 

Oct 27 (Reuters) - Canadian National Railway Co ::Canadian National Railway, Norfolk Southern Corp announce a new joint interline service.Says co and Norfolk interchanging two eastbound, two westbound manifest trains daily through greater Chicago​.Says the ‍interline service, established in august, allows freight to bypass traditional interchange points in Chicago.  Full Article

Norfolk Southern Q3 earnings per share $1.75
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - Norfolk Southern Corp :Norfolk Southern reports third-quarter 2017 results.Q3 earnings per share $1.75.Q3 earnings per share view $1.64 -- Thomson Reuters I/B/E/S.Q3 revenue $2.7 billion versus I/B/E/S view $2.64 billion.Norfolk Southern Corp qtrly merchandising revenue was $‍1.60​ billion versus $1.55 billion.Qtrly ‍railway operating revenues of $2.7 billion increased 6 percent compared with third-quarter 2016​.Qtrly ‍operating ratio, or operating expenses as a percentage of revenues, was 65.9 percent​.Qtrly ‍coal revenue $449 million versus $397 million​.  Full Article

Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes
Monday, 14 Aug 2017 04:28pm EDT 

Aug 14 (Reuters) - Norfolk Southern Corp :Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes and acceptance of tendered notes.Norfolk Southern Corp - ‍will pay interest on new notes at a rate per annum equal to 4.050%, as calculated in accordance with offering memorandum​.Norfolk Southern Corp - ‍ announced pricing of its offer of up to $750 million aggregate principal amount of company's new notes due 2052​.Norfolk Southern Corp - exchange offers scheduled to expire at 11:59 p.m., New York city time, on August 25, 2017 unless extended/earlier terminated.  Full Article

Norfolk Southern appoints Cynthia Earhart chief financial officer
Monday, 14 Aug 2017 04:05pm EDT 

Aug 14 (Reuters) - Norfolk Southern Corp :Norfolk Southern appoints Cynthia C. Earhart executive vice president and chief financial officer.Norfolk Southern Corp - ‍ Earhart succeeds Thomas Hurlbut, ns' vice president and controller, who has served as interim cfo since aug. 1, 2017​.Norfolk Southern Corp - ‍ in connection with her appointment as cfo, Earhart will retain her information technology responsibilities​.  Full Article

Norfolk Southern says on July 25 appointed Thomas Hurlbut as interim CFO
Wednesday, 26 Jul 2017 10:17am EDT 

July 26 (Reuters) - Norfolk Southern Corp ::On July 25, co's Board appointed Thomas E. Hurlbut to serve as interim Chief Financial Officer effective August 1.Says Hurlbut will continue to serve as Vice President and Controller of co in addition to assuming duties of CFO - SEC filing.  Full Article

Norfolk Southern Q2 earnings per share $1.71
Wednesday, 26 Jul 2017 08:00am EDT 

July 26 (Reuters) - Norfolk Southern Corp ::Norfolk Southern reports second-quarter 2017 results.Q2 earnings per share $1.71.Q2 earnings per share view $1.65 -- Thomson Reuters I/B/E/S.Q2 revenue $2.6 billion versus i/b/e/s view $2.64 billion.Norfolk Southern Corp - ‍railway operating revenues of $2.6 billion increased 7 percent compared with second-quarter 2016​.Norfolk Southern Corp qtrly coal revenue $447 million versus $339 million last year.Norfolk Southern Corp qtrly ‍operating ratio, or operating expenses as a percentage of revenues, was 66.3 percent​.Norfolk Southern Corp - qtrly merchandise revenue $1,597 ‍​ million versus $1,577 million.  Full Article

Norfolk Southern to consolidate operating divisions
Tuesday, 18 Jul 2017 04:30pm EDT 

July 18 (Reuters) - Norfolk Southern Corp :Norfolk Southern to consolidate operating divisions to enhance service and gain efficiencies.Norfolk Southern Corp - ‍consolidation, effective on or about Nov. 1, will reduce number of operating divisions on NS' system to nine from 10​.Norfolk Southern - move will affect a total of about 50 employees who work at central division headquarters in management, dispatching, and clerical positions.Norfolk Southern - current yard and field operations on central division will not be affected by headquarters closure but will be reassigned.Norfolk Southern Corp - ‍more than 250 employees will remain in Knoxville​.Norfolk Southern Corp says dispatchers will have opportunity to transfer to one of other three divisions or apply for vacancies across system.Plans to consolidate its central division headquarters operations in Knoxville into three surrounding divisions.Norfolk Southern - ‍dispatching responsibilities will be divided among operating divisions in Birmingham, Ala., Decatur, Ill., and Fort Wayne, Ind​.  Full Article

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

BRIEF-Norfolk Southern announces expiration of early exchange period of exchange offers

* Norfolk Southern announces expiration of early exchange period of previously announced exchange offers and increase in aggregate principal amount of new notes to be issued to $750,000,000