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 operates a freight railroad network across 22 states, serving agriculture, consumer goods, intermodal, automotive, metals, chemicals, forest products and coal traffic. Its updates commonly cover railway operating results, operating ratio, safety and service performance, cost control, fuel and volume conditions, and dividend actions on its common stock.
Company news also includes industrial development activity along Norfolk Southern and short line partner routes, transload and first- and final-mile service arrangements, customer access to rail-served sites, and presentations at transportation and industrial investor conferences. The company describes its eastern U.S. intermodal network and connections to Atlantic, Gulf Coast and Great Lakes ports as recurring parts of its freight franchise.
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.
Norfolk Southern (NYSE:NSC) announced a $5 million contribution to the Hampton Roads community, reflecting gratitude towards its employees and retirees. Starting January 2022, the company will distribute $1 million annually for five years to local nonprofits, focusing on education, environment, social equity, and community advancement. This initiative reinforces Norfolk Southern's commitment to the region despite relocating its headquarters. The funding will be managed by a committee of employees and retirees through the Hampton Roads Community Foundation.
Norfolk Southern Corporation (NYSE: NSC) will present at the Bank of America 2021 Transportation, Airlines, and Industrials Conference on May 19, 2021, at 1:20 p.m. EDT. The presentation will be led by Executive Vice President and Chief Financial Officer Mark R. George and Executive Vice President and Chief Marketing Officer Alan H. Shaw. Interested participants can access the virtual conference via the provided webcast link. The presentation will also be available on the Norfolk Southern website in the Investors section.
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Norfolk Southern Corporation (NYSE: NSC) has closed a $500 million green bond offering aimed at funding initiatives to reduce its carbon emissions and assist customers in lowering supply-chain emissions. This marks the first issuance of green bonds by a Class I railroad in North America. The funds will support projects that improve locomotive fuel efficiency, enhance intermodal terminals, and promote energy-efficient operations. Norfolk Southern is committed to science-based carbon reduction targets in line with the Paris Agreement, contributing to its recognition as one of the world's most sustainably managed companies.
NORFOLK, Va., April 28, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) reported first-quarter 2021 results with net income reaching $673 million and a record diluted earnings per share of $2.66. Railway operating revenues increased by 1% to $2.6 billion, driven by a 3% rise in volume. Operating expenses decreased by 21% to $1.6 billion due to lower fuel and compensation costs, leading to a record operating ratio of 61.5%. The company remains optimistic about continuing to leverage its precision scheduled railroading strategy amidst economic recovery.
Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of 99 cents per share, payable on May 20 to shareholders of record on May 7. This quarter marks a reduction in the time between the record date and the payment date, enhancing liquidity for shareholders. Norfolk Southern has maintained a consistent dividend payout for 155 consecutive quarters since its inception in 1982, reflecting its commitment to returning value to shareholders.
Norfolk Southern Corporation (NYSE:NSC) announced the appointment of Frank Voyack as vice president of government relations, effective May 1, succeeding Marque Ledoux, who is retiring after 18 years. Voyack, with over a decade at NS, will oversee the company’s government relations in Washington, D.C., emphasizing the railroad's economic role and public policy initiatives. His predecessor, Ledoux, had a notable career in transportation, including 16 years at FedEx, contributing significantly to NS's interests in government relations.
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter 2021 financial results on April 28, 2021, during a conference call at 8:45 a.m. EDT. Earnings will be released at 8 a.m. EDT, and a press release will be available on their website. Investors can participate via teleconference or live webcast, with an audio replay available until May 5, 2021. Norfolk Southern operates a significant rail network, transporting a variety of products across the eastern United States.