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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 ...
The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
Norfolk Southern's predecessor railroads date to the early 19th century. The South Carolina Canal & Rail Road was the SOU's earliest predecessor line. Chartered in 1827, the South Carolina Canal & Rail Road Company became the first to offer regularly scheduled passenger train service with the inaugural run of the Best Friend of Charleston in 1830. [18]
The NPBL interchanges with; Chesapeake and Albemarle Railroad, CSX Transportation, and Norfolk Southern.The NPBL is a terminal switching company that owns 36 miles (58 km) of track, (plus 27 miles (43 km) of trackage rights) and links commerce around the deepwater port from Sewells Point to Portsmouth Marine Terminal, including the Southern Branch Elizabeth River. [4]
After the purchase, Norfolk Southern renamed the line back to Sunbury Line. [5] [1] Norfolk Southern's purchase of the rail line took effect on September 19, 2015, and included the former D&H main line and D&H South Line from Binghamton to Schenectady, New York. Norfolk Southern labeled this D&H trackage as its "freight line". [5]
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 ...
RailPulse envisions a revenue model where users pay a one-time charge to equip railcars with tracking technology, periodic fees for communications services and software updates and a monthly ...
The Wheeling and Lake Erie Railway was leased by the New York, Chicago and St. Louis Railroad on December 1, 1949, and merged into the Norfolk and Western Railway on September 16, 1988. The Akron, Canton and Youngstown Railway was leased by the Norfolk and Western Railway on October 16, 1964, and merged January 1, 1982.