Welcome to our dedicated page for Norfolk Southern news (Ticker: NSC), a resource for investors and traders seeking the latest updates and insights on Norfolk Southern stock.
Norfolk Southern Corporation (NYSE: NSC) generates a steady flow of news as a major freight railroad operating a 22-state network in the transportation and warehousing sector. This news page aggregates coverage related to NSC, focusing on operational performance, strategic transactions, community impact, labor relations, and regulatory developments affecting the company.
Investors and observers can follow earnings announcements and related conference calls, which Norfolk Southern regularly discloses through press releases and Form 8-K filings. These updates include quarterly financial results, operating metrics, and commentary on productivity, safety, and fuel efficiency, along with non-GAAP measures that adjust for merger-related expenses, restructuring, and the effects of the Eastern Ohio incident.
Another key news theme is the proposed acquisition of Norfolk Southern by Union Pacific. News items cover the announcement of the Agreement and Plan of Merger, shareholder approvals, the joint application to the Surface Transportation Board to create a transcontinental railroad, and analyst calls reviewing the merger application. Related stories also address shareholder litigation and supplemental disclosures about the transaction.
Norfolk Southern news also highlights dividend declarations, reflecting a long history of consecutive quarterly dividend payments, as well as labor and workforce developments, such as the five-year collective bargaining agreement with the Brotherhood of Railroad Signalmen and broader job-protection commitments associated with the planned merger.
Community and philanthropy updates feature prominently, including reports that Norfolk Southern has surpassed $18 million in annual donations for several years, with grants and volunteer efforts across its 22-state network. Readers can use this page to review past announcements and monitor new releases that document how Norfolk Southern’s operations, strategic plans, and community initiatives evolve over time.
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.
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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.
Norfolk Southern (NYSE: NSC) announced plans to reopen its Greencastle, Pennsylvania intermodal facility effective September 10, 2021. This reopening aims to enhance capacity to alleviate supply-chain congestion impacting U.S. commerce. The facility, which was idled in 2019, is expected to accommodate around 100,000 shipping container lifts annually, with an initial projection of 50,000 lifts. The move is prompted by rising e-commerce demand and aims to improve service and efficiency across the network, supporting economic growth and sustainable transportation solutions.
Norfolk Southern Corporation (NYSE: NSC) will participate in the Deutsche Bank 2021 Transportation Conference on August 17, 2021, at 2:00 p.m. EDT. Executives Mark R. George and Cindy M. Sanborn will present at this virtual conference. The presentation will be accessible via webcast. Investors can find the presentation materials on Norfolk Southern's website under the Investors section.
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