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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]
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 ... and his stock and option awards rose $2. ...
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.
NS planners and engineering officials are still considering improving the company's second most profitable line, including the initial $65 million in line improvement projects from 1959 to 1963 and 1996 to 2010. Norfolk Southern is projected to have spent over $1 billion in a span of 60 years.
The Harrisburg Line is a rail line owned and operated by the Norfolk Southern Railway (NS) in the U.S. state of Pennsylvania. The line runs from Philadelphia (HP 5.2) west to Harrisburg (HP 112.9). The Harrisburg Line was formed the day Conrail began operations, April 1, 1976, from two former Reading Company lines, the original namesake main ...
FILE - Norfolk Southern Railroad CEO Alan Shaw speaks during an interview Wednesday, June 21, 2023, in Atlanta. (AP Photo/John Bazemore, File)
TTX was founded as TrailerTrain in 1955 by Norfolk & Western Railway, Pennsylvania Railroad, and Rail-Trailer Corporation. [2] Pennsylvania Railroad employees—6,000 in total—entered possible names in a drawing for the new company, and the name "Trailer Train" won. [3]
Revenue started to grow 100% year over year in 2020, which caused the company's stock price to rocket higher. With all that success, management decided to invest heavily in new services outside of ...