Norfolk Southern Stock Price, News & Analysis

Norfolk Southern (NYSE: NSC) announced on November 11, 2025 a five-year collective bargaining agreement with the Brotherhood of Railroad Signalmen covering nearly 970 signal employees.

The agreement delivers an 18.8% compounded wage increase over five years, earlier paid vacation accrual, enhanced health and welfare benefits, local work-rule changes, improved travel-expense reimbursement, and more flexible scheduling. Norfolk Southern says this ratified deal means it now has agreements with 12 of 13 unions, with one tentative agreement pending ratification.

Norfolk Southern (NYSE: NSC) reported third quarter 2025 results on Oct. 23, 2025: revenue $3.1B, income from railway operations $1.1B, operating ratio 64.6%, and diluted EPS $3.16. Adjusted for merger-related expenses, restructuring charges and the Eastern Ohio incident, adjusted operating ratio was 63.3% and adjusted diluted EPS was $3.30 (up $0.05 or 2% year-over-year). The company raised its 2025 productivity target to ~$200M from ~$175M and cited $65M of incremental land sales benefiting adjusted results. Fuel surcharge revenue declined by $30M, a ~1% revenue headwind. The company emphasized safety, service consistency, and fuel-efficiency improvements.

Norfolk Southern (NYSE: NSC) declared a quarterly dividend of $1.35 per share. The dividend is payable on Nov. 20, 2025 to shareholders of record on Nov. 7, 2025. The company noted it has paid a dividend for 173 consecutive quarters since formation in 1982.

Norfolk Southern (NYSE: NSC) has scheduled its third quarter 2025 earnings announcement for October 23, 2025, at 4:30 p.m. ET. The company will host a conference call and webcast to discuss the financial results, which will be released before the call.

Investors can participate via teleconference by dialing 1-800-836-8184 or through a live webcast available on the company's Investors webpage. A replay of the broadcast will be accessible through the company's website following the live event.

Union Pacific (NYSE:UNP) and SMART-TD, America's largest railroad union, have reached a historic agreement regarding job protection in the context of Union Pacific's proposed merger with Norfolk Southern. The landmark deal provides lifetime job security for SMART-TD members working in train and yardmaster service, protecting them from involuntary furloughs resulting from the merger.

The agreement represents an unprecedented guarantee in American railroading history, with SMART-TD officially announcing its support for the proposed Union Pacific-Norfolk Southern merger. The deal will be presented to the Surface Transportation Board in Docket No. 36873 as a model for protecting workers while advancing the industry.

Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) announced a new domestic intermodal service partnership launching in mid-October 2025. The bi-directional service will connect Louisville with key Western and Southern markets through Kansas City, offering truck-competitive transit times for various industries including automotive, consumer goods, and manufacturing.

The collaboration leverages Union Pacific's $1.4 billion investment in intermodal infrastructure and Norfolk Southern's modernized Louisville facilities. Union Pacific's network improvements have resulted in 25% faster domestic container movement, while Norfolk Southern operates the largest intermodal network in the eastern U.S. with 54 terminals.

Norfolk Southern (NYSE: NSC) has announced that President and CEO Mark George and Executive Vice President and Chief Commercial Officer Ed Elkins will participate in a fireside chat at the Morgan Stanley 13th Annual Laguna Conference. The presentation is scheduled for Wednesday, September 10, 2025, at 10:00 a.m. ET and will be accessible via webcast. Investors can find the presentation materials on Norfolk Southern's website in the Investors section.

Norfolk Southern (NYSE: NSC) reported strong Q2 2025 results with revenue of $3.1 billion and diluted EPS of $3.41, up 5% year-over-year. The company achieved an operating ratio of 62.2% and railway operating income of $1.2 billion.

Adjusted for restructuring and Eastern Ohio incident effects, NSC delivered adjusted EPS of $3.29 (up 8%) and an improved operating ratio of 63.4%. Volume grew by 3%, while productivity savings are now expected to exceed $175 million in 2025.

In a major development, NSC announced a merger agreement with Union Pacific to create America's first transcontinental railroad. NSC shareholders will receive 1.0 Union Pacific share plus $88.82 in cash per NSC share, valuing Norfolk Southern at $85 billion.

Union Pacific (NYSE:UNP) and Norfolk Southern announced a historic merger to create America's first transcontinental railroad, connecting over 50,000 route miles across 43 states. Under the agreement, Union Pacific will acquire Norfolk Southern in a stock and cash transaction valuing Norfolk Southern at $320 per share, representing a 25% premium and an enterprise value of $85 billion.

The combined enterprise, valued at over $250 billion, will connect approximately 100 ports and is expected to generate $2.75 billion in annualized synergies. Norfolk Southern shareholders will receive 1.0 Union Pacific share and $88.82 in cash per share, owning 27% of the combined company. The transaction, targeting completion by early 2027, will create a pro-forma company with $36 billion in revenues and $18 billion in EBITDA based on 2024 results.