Search results
Results from the WOW.Com Content Network
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.
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’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in Ohio.
Norfolk Southern said the East Palestine derailment is now expected to cost nearly $2.2 billion total with about half of that related to legal costs and settlements like the $600 million class ...
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]
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.
In May 2023, Shaw and 12 union leaders, issued a safety letter to employees and union members committing to enhanced rail safety for employees and communities served by Norfolk Southern. [23] Under Shaw, Norfolk Southern reported 37% fewer accidents on its main lines in the first 10 months of 2023 than in the same period of 2022. Norfolk ...
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 ...