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 J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 1:10 p.m. EDT. The presentation will be made by Mark R. George, Chief Financial Officer, and Alan H. Shaw, Chief Marketing Officer. A webcast of the conference will be available online, along with the presentation materials, which can be found in the Investors section on the company's website. Norfolk Southern operates approximately 19,300 route miles in 22 states, providing key transportation services.
Norfolk Southern Corporation (NYSE: NSC) has terminated its plans to construct a rail transfer facility on the former Chattahoochee Brick Company site in Atlanta. This decision follows a petition for a preliminary injunction filed by the City of Atlanta with the federal Surface Transportation Board. Despite believing the petition lacks merit, Norfolk Southern chose to avoid prolonged litigation, emphasizing its commitment to being a responsible corporate citizen. The company had previously offered to create a memorial and enhance the site with river trails, underscoring its focus on community engagement and environmental standards.
Norfolk Southern (NYSE: NSC) has appointed Hunt Cary as the new vice president of operations efficiency, effective February 15, 2021. Cary, a railroad veteran with 28 years of experience, previously held leadership roles at Union Pacific Corporation, where he optimized intermodal operations. His expertise in network operations and supply-chain logistics is expected to advance Norfolk Southern's implementation of precision scheduled railroading and improve its cost structure. Cary began his career at Norfolk Southern and will report to COO Cindy Sanborn.
Norfolk Southern Corporation (NYSE: NSC) will present at the Citi 2021 Global Industrials Virtual Conference on February 16, 2021, at 1:50 p.m. EST. The presentation will feature Mark R. George, Executive Vice President and CFO, and Alan H. Shaw, Executive Vice President and CMO. Attendance is virtual, and the webcast can be accessed here. The presentation will be available on Norfolk Southern's Investors page following the event.
In 2020, Norfolk Southern (NYSE:NSC) supported 86 businesses in expanding or establishing facilities on its freight rail network, resulting in $1.8 billion in customer investments. This led to 70 new and 16 expanded rail-served facilities, creating over 2,960 jobs and generating 54,300 new rail carloads annually. Notable projects included medical and automotive facilities across various states. The railroad's efforts focused on enhancing supply chain efficiency and sustainability, contributing to economic growth despite COVID-19 impacts.
Norfolk Southern Corporation (NYSE: NSC) has announced a 5% increase in its quarterly dividend, raising it from 94 to 99 cents per share, effective March 10. This follows the company's commitment to increase its long-term target dividend payout ratio from 33% to a range of 35-40% of net income. CEO James A. Squires emphasized strong operational results and robust cash flow generation, reflecting confidence in long-term value creation. Norfolk Southern has maintained a consecutive dividend payment record for 154 quarters since 1982.
On January 27, 2021, Norfolk Southern Corporation (NYSE: NSC) reported its Q4 and full-year 2020 financial results. Q4 net income reached $671 million with diluted EPS of $2.64, while the full-year net income was $2.0 billion and diluted EPS $7.84. Although Q4 railway operating revenues fell 4% year-over-year to $2.6 billion, operating expenses decreased 8% to $1.6 billion. The operating ratio improved to a record 61.8% in Q4 and 69.3% for the year, demonstrating effective cost management despite challenges posed by the pandemic.
Norfolk Southern Corporation (NYSE: NSC) will announce its fourth-quarter 2020 financial results on Jan. 27, 2021. The results will be revealed after 8 a.m. EST, followed by a live conference call at 8:45 a.m. EST. Investors can participate via teleconference or listen to a live webcast on the company's website. An audio replay will be available until Feb. 3, 2021. The company is a major U.S. transportation entity, operating a vast railway network.
Norfolk Southern Corporation (NYSE: NSC) announces its participation in the Credit Suisse Industrials Conference on December 4, 2020, at 10:10 a.m. EST. The company's CFO Mark R. George and CMO Alan H. Shaw will provide insights during the virtual event. The presentation will be accessible via a webcast link and will later be available on the company's investor relations page. Norfolk Southern is a leading transportation company, operating 19,500 route miles across 22 states.
Norfolk Southern has appointed John Hatfield as vice president of corporate communications and Kathleen Smith as vice president of business development and real estate. Smith succeeds Robert Martínez, who is retiring on Dec. 1. Smith has over 23 years at Norfolk Southern, while Hatfield brings 30 years of communications experience from Arizona Public Service. The appointments aim to strengthen leadership during a period of significant change, enhancing stakeholder engagement and advancing company goals.