Norfolk Southern Stock Price, News & Analysis

Norfolk Southern Corporation (NYSE: NSC) announced a 10% increase in its quarterly dividend, raising it from $0.99 to $1.09 per share. This increase reflects the company's confidence in its improved revenue and operating ratio outlooks. The dividend is set to be paid on August 20 to shareholders on record as of August 9. Norfolk Southern has consistently paid dividends for 156 consecutive quarters, indicating a strong commitment to delivering long-term value to shareholders.

Norfolk Southern Corporation (NYSE: NSC) announced impressive second-quarter 2021 results with a net income of $819 million, and diluted earnings per share of $3.28. The company achieved record figures in operating ratio at 58.3% and income from railway operations reaching $1.2 billion, up 91% year-over-year. Railway operating revenues increased by 34% to $2.8 billion, driven by a 25% rise in volume. Operating expenses rose by 11% to $1.6 billion. CEO James A. Squires emphasized commitment to long-term value for customers and shareholders.

Norfolk Southern Corporation (NYSE:NSC) has announced an ambitious target to reduce its scope 1 and 2 greenhouse gas emissions intensity by 42% by 2034 from a 2019 baseline. This commitment has been validated by the Science Based Targets initiative, aligning with the Paris Agreement goals. In recent years, Norfolk Southern's customers have reportedly avoided 15 million metric tons of carbon emissions annually by using their rail services, which are 75% more efficient than trucking. The company plans investments in better locomotives and green technologies to reach its goals.

Norfolk Southern Corporation (NYSE: NSC) will announce its second-quarter financial results on July 28, 2021, during a conference call at 8:45 a.m. EDT. Investors can access the earnings results in advance and participate via teleconference or live webcast. An audio replay will also be available post-event. Norfolk Southern is a prominent transportation company, providing shipping solutions across 22 states and the District of Columbia, facilitating the movement of goods that support the U.S. economy.

Norfolk Southern (NYSE: NSC) has recognized 43 chemical customers with its 2020 Thoroughbred Chemical Safety Award, commending their achievement in safely handling hazardous materials. These customers shipped over 156,000 carloads without incident throughout 2020, despite the challenges posed by the global pandemic. The company continues its commitment to safety in chemical transport, participating in the American Chemistry Council's Responsible Care® Partner Program. Norfolk Southern's efforts promote safe rail-shipping practices, benefiting both businesses and communities.

Norfolk Southern (NYSE:NSC) has appointed Jason Morris as the new vice president of labor relations, effective October 1, following the retirement of Scott Weaver, who served the company for 32 years. Morris, formerly assistant vice president of safety and environmental, has been with Norfolk Southern since 2010, focusing on safety, labor, and employment issues. His leadership in safety has fostered collaboration between management and labor, enhancing safety performance. Weaver will retire after a long career, recognized for building strong relationships within the industry.

Norfolk Southern Corporation (NYSE: NSC) will participate in the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, at 3 p.m. EDT. Key executives, including Mark R. George, CFO, and Alan H. Shaw, CMO, will present during the event. Investors can access the presentation via webcast at this link. For additional details, the presentation will also be available on the Investors section of the company's website.

Norfolk Southern Corporation (NYSE: NSC) will present at the Wolfe Global Transportation & Industrials Conference 2021 on May 25 at 1 p.m. EDT. Key executives including CFO Mark R. George, CMO Alan H. Shaw, and COO Cindy M. Sanborn will participate in the virtual event. The presentation will cover the company's strategic insights and future outlook. Interested parties can access the webcast here and view the presentation on Norfolk Southern's Investor Relations page.