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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 ...
Norfolk Southern reduced core greenhouse gasses by 13.5% between 2019 and 2021. For its efforts, the company achieved recognition from USA Today's America's Climate Leaders 2023 and Forbes' Net Zero Leaders 2023. [36] In November 2022, Norfolk Southern contributed $750,000 to the Georgia Tech sustainability program for the next three years.
Norfolk Southern Railway offered $1,000 payments to locals to "cover costs related to the evacuation". Some residents expressed concerns that taking these payouts would limit their ability to join future legal actions. [122] On February 4, Norfolk Southern donated $25,000 to the Red Cross to support its efforts in East Palestine.
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.
The insurance payments Norfolk Southern is collecting during the fourth quarter related to the disastrous East Palestine, Ohio, derailment in 2023 and ensuing cleanup provided a $32 million boost ...