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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 eastern Ohio.
But he was president of the company in the first four months of 2022, and his promotion to that role in late 2021 had already resulted in his compensation more than doubling in 2022 compared to 2021.
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 Railway Co., 600 U.S. 122 (2023), was a United States Supreme Court case in which the court held that a Pennsylvania law that requires out-of-state companies to agree to appear in Pennsylvania courts as a prerequisite to registering for business in the state is consistent with Due Process.
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.
Conrail Shared Assets Operations (CSAO) is the commonly used name for modern-day Conrail (reporting mark CRCX), an American railroad company. It operates three networks, the North Jersey, South Jersey/Philadelphia, and Detroit Shared Assets Areas, [1] where it serves as a contract local carrier and switching company for its owners, CSX Transportation and the Norfolk Southern Railway.
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 ...