Norfolk Southern Stock Price, News & Analysis

On April 25, 2023, Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of $1.35 per share on its common stock. This dividend will be payable on May 20, 2023 to shareholders of record as of May 5, 2023. Norfolk Southern has maintained a consistent dividend payout for 163 consecutive quarters since its inception in 1982, showcasing its strong commitment to returning value to its shareholders. The company's operations contribute significantly to sustainability, preventing 15 million tons of carbon emissions annually by utilizing rail transportation.

Norfolk Southern Corporation (NYSE: NSC) has announced a new paid sick leave agreement with the Brotherhood of Railway Signalmen, enhancing benefits for approximately 900 signal employees. This agreement allows these employees to take up to seven days of paid sick leave annually. The latest development means that ten out of Norfolk Southern's twelve unions now have access to paid sick leave, impacting around 6,900 workers. This initiative reflects Norfolk Southern's commitment to improving employee quality of life and enhancing workforce benefits. Previous agreements also provide paid sick leave to two other unions, further indicating the company's focus on employee well-being.

Norfolk Southern Corporation (NYSE: NSC) is set to announce its first quarter financial results on April 26, 2023, via a live conference call at 8:45 a.m. ET. The quarterly earnings report will be available prior to the call, alongside a detailed press release on the company's Investors page. Investors can participate in the call by dialing 877-869-3847 or accessing the live webcast on the Norfolk Southern website.

Norfolk Southern Corporation (NYSE:NSC) and the SMART Transportation Division announced on March 23, 2023, that they are halting formal negotiations regarding conductor redeployment. This decision aims to prioritize immediate quality-of-life improvements for employees. SMART-TD's president, Jeremy Ferguson, emphasized that the focus will now be on scheduling enhancements that could provide conductors with fixed days off and better predictability in weekly assignments. NS has until mid-June to finalize these improvements, demonstrating commitment to employee welfare. The withdrawal of the Section 6 notice indicates a shift towards voluntary discussions.

Norfolk Southern Corporation (NYSE: NSC) announced the creation of two vice president positions in its Marketing division, effective April 2. Yannik Thomas will become Vice President of Intermodal and Automotive Operations, while Stefan Loeb will serve as Vice President of First and Final Mile Markets. Chief Marketing Officer Ed Elkins emphasized the importance of these appointments in enhancing growth and customer service. Thomas previously held the role of Assistant Vice President Financial Planning and Analysis, and Loeb joins from Watco, where he was Executive Vice President and Chief Commercial Officer.

Norfolk Southern (NYSE: NSC) announced new paid sick leave agreements benefiting approximately 6,000 railroaders, as of March 15, 2023. The latest agreement, with the International Brotherhood of Boilermakers and Blacksmiths, provides mechanical railroaders with up to seven paid sick days per year, including four new days and the ability to utilize three existing paid time off days. Currently, nine out of Norfolk Southern's twelve unions have negotiated paid sick leave benefits. The company aims to improve the quality of life for its workforce while supporting U.S. economic growth.

On March 14, 2023, Norfolk Southern Corporation (NYSE: NSC) issued a statement addressing concerns following a derailment in East Palestine, Ohio. The company is committed to assisting affected residents and businesses through site cleanup, financial support, and investments for community recovery. Discussions with Ohio Attorney General Dave Yost have led to plans for additional programs focusing on long-term health risks and property value protection. Norfolk Southern aims to establish a medical compensation fund and initiatives for safe drinking water while collaborating with local leaders to ensure community prosperity.

Norfolk Southern Corporation (NYSE: NSC) announced on March 14, 2023, that it reached agreements with the International Association of Machinists and Aerospace Workers and the Brotherhood of Railway Carmen to implement a new sick leave benefit. Over 1,350 workers will now receive up to seven paid sick days annually, with four immediate days and three additional days from existing paid time off. Following national negotiations, this brings the total to eight unions providing paid sick leave, benefiting approximately 5,900 employees. Norfolk Southern emphasizes its commitment to enhancing workers' quality of life through continued collaboration with labor unions.

Norfolk Southern Corporation (NYSE: NSC) announced new paid sick leave benefits for approximately 650 railroaders, as part of agreements with the International Association of Sheet Metal, Air, Rail, Transportation Workers and the International Brotherhood of Electrical Workers. The new policies provide four additional paid sick days and flexibility for three existing paid time off days. This follows previous agreements expanding sick leave to 3,200 workers across other unions. Norfolk Southern aims to enhance quality of life for its employees while maintaining operational efficiency.