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 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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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.