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Norfolk reported a profit of $3.04 per share for the reported quarter, above analysts' estimates of $2.95 per share, according to data compiled by LSEG. Total revenue fell 2% to $3 billion.
Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in Ohio.
Over the next two years, Norfolk Southern predicts will improve productivity by about $550 million and boost its profit margin. The railroad’s revenue grew 2% to $3.04 billion in the quarter, in line with Wall Street’s forecast. Norfolk Southern is one of the nation’s largest railroads operating trains across the eastern United States.
Norfolk Southern Corp (NYSE:NSC) stock surges post mixed fourth-quarter 2024 results. Norfolk Southern’s railway operating revenue declined 2% year-over-year to $3.024 billion, versus the ...
James A. Squires is an American railroad executive who was the president, chief executive officer, and executive chairman of Norfolk Southern Railway until his retirement on May 1, 2022; Squires had left the presidency on December 1, 2021.
Norfolk Southern O-Line is a seldom used freight line on the Norfolk Southern Railway in the Piedmont region of North Carolina, running from Winston-Salem, NC to Charlotte, NC. [1] Several sections are no longer in use, such as the Barium Springs to Mooresville section.
Shaw worked at Norfolk Southern in various positions from 1994 until 2024. [9] Prior to becoming president of Norfolk Southern in 2021 and CEO in 2022, Shaw was executive vice president and chief marketing officer at the company for six years. He had previously been vice president of intermodal operations at the company.
Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East ...