Norfolk Southern Stock Price, News & Analysis

On December 9, 2021, United States Steel Corporation, Norfolk Southern Corporation, and The Greenbrier Companies announced a partnership for a sustainable steel gondola railcar. Utilizing high-strength, lighter-weight steel, these gondolas will reduce unloaded weight by up to 15,000 pounds, extending their lifecycle to 50 years. Norfolk Southern plans to purchase 800 of these gondolas, which promise improved energy efficiency, lower emissions, and greater freight capacity. This collaboration aims to modernize North America's aging railcar fleet and promote environmentally friendly freight transportation.

Norfolk Southern Corporation (NYSE: NSC) announced CEO James A. Squires' retirement effective May 1, 2022. Alan H. Shaw, currently Executive Vice President and Chief Marketing Officer, will succeed him. Squires highlighted the company's strong performance and value creation, citing over $30 billion in increased shareholder value during his tenure. Shaw, a veteran with 27 years at Norfolk Southern, aims to enhance service and operational efficiency. The transition aims for a smooth leadership change, ensuring continued strategic focus and innovation.

Norfolk Southern Corporation (NYSE: NSC) will present at the Stephens Annual Investment Conference 2021 on December 1 at 11:00 a.m. Eastern Time. Key executives include Mark R. George, Chief Financial Officer, and Alan H. Shaw, Chief Marketing Officer. The presentation will be accessible via webcast, and details will be posted on the company's investor relations website. Norfolk Southern is a leading transportation company, serving 22 states and the District of Columbia, facilitating economic growth through reliable shipping solutions.

Norfolk Southern Corporation (NYSE: NSC) inaugurated its new 750,000-square-foot headquarters in Midtown Atlanta on November 10, 2021. The event featured prominent officials including Governor Brian P. Kemp and Senator Raphael Warnock. The headquarters aims to enhance collaboration and innovation, housing 3,000 of the company's 19,000 employees. Designed with sustainability in mind, the building aspires to achieve LEED Gold certification and includes modern amenities such as fitness centers and daycare facilities. Norfolk Southern continues to play a crucial role in the U.S. freight transportation sector.

Norfolk Southern Corporation (NYSE: NSC) reported record third-quarter 2021 financial results, with net income of $753 million and diluted earnings per share of $3.06. Revenue from railway operations reached $2.85 billion, a 14% increase compared to Q3 2020, reflecting a rise in revenue per unit. The operating ratio improved to 60.2%, a record low for Q3, indicating enhanced efficiency. Despite higher operating expenses of $1.7 billion, largely driven by increased fuel and services costs, the overall performance demonstrates resilience amid supply chain disruptions.

Norfolk Southern Corporation (NYSE: NSC) announced a quarterly dividend of $1.09 per share, payable November 19 to shareholders on record as of November 5. This marks the company's commitment to shareholder returns, having paid dividends for 157 consecutive quarters since 1982. The adjustment in the record to payable date aims to accelerate payments to shareholders, reflecting the company's ongoing financial health and dedication to its investor base.

Norfolk Southern Corporation (NYSE: NSC) is set to announce its third-quarter financial results on October 27, 2021, at 8:45 a.m. EDT. The results will be disclosed prior to a live conference call available through teleconference and webcast. Investors can access the earnings report via the Investors page of the company's website. Following the call, an audio replay will be available until November 3, 2021.

Norfolk Southern Corporation (NYSE: NSC) will present at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 10:20 a.m. EDT. Executives Mark R. George and Alan H. Shaw will represent the company in this virtual event. The presentation will be accessible via webcast. Investors can find the presentation on Norfolk Southern's website in the Investors section. Norfolk Southern is vital to the U.S. economy, providing efficient shipping solutions across 22 states and the District of Columbia.