November 13, 2014 | CEO Pay, Headlines, NS
(Source: Mideast Times, November 12, 2014) NEW YORK — Norfolk Southern Corp. CFO Marta R. Stewart unloaded 3,410 shares of the stock in a transaction that occurred on Friday, November 7. The shares were sold at an average price of $113.21, for a total value of...
November 11, 2014 | CP, Headlines, NS
(Source: Virginian-Pilot, November 11, 2014) NORFOLK, Va. — The price of Norfolk Southern Corp.’s stock closed at a record $116.60 on Monday, up $3.74 a share from Friday’s previous record of $112.86. The boost came within days of media reports that...
November 7, 2014 | CP, Headlines, NS
(Source: Bloomberg, November 6, 2014) NEW YORK — Norfolk Southern Corp., the second-largest railroad in the eastern U.S., jumped in late trading after activist investor Bill Ackman said Canadian Pacific Railway Ltd. might be interested in a rival to one-time target...
October 31, 2014 | Headlines, NS
(Source: Charlotte Observer, October 30, 2014) CHARLOTTE, N.C. — The widening of the Panama Canal is expected to have wide-ranging consequences for the flows of global trade, panelists in Charlotte said Thursday, and it could shape how goods move to and from Asia,...
October 29, 2014 | Headlines, NS
(Source: Virginian Pilot, October 26, 2014) NORFOLK, Va. — Last week, the Norfolk-based railroad announced record third-quarter profit of $559 million, a 16 percent gain from the same quarter a year ago. What was a little unusual was the company’s admission that its...
October 23, 2014 | CP, Headlines, NS
(Source: USA Today, October 22, 2014) WASHINGTON, D.C. — Rail stocks skidded Wednesday after Norfolk Southern CEO Wick Moorman dismissed talk of industry mergers, telling stock analysts that even with regulatory approval, they don’t make sense. Full story: USA...
October 23, 2014 | CP, Headlines, NS
(Source: Associated Press, October 22, 2014) OMAHA, Neb. — Norfolk Southern Corp.’s CEO doesn’t think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk’s...
October 22, 2014 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 22, 2014) NORFOLK, Va. — Norfolk Southern reported third-quarter net income of $559 million, 16 percent higher than $482 million for the same period of 2013. Diluted earnings per share were $1.79, up 17 percent compared...
October 6, 2014 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 1, 2014) NORFOLK, Va. — Norfolk Southern Corporation will present its third-quarter 2014 earnings at 8:45 a.m. EDT on Wednesday, Oct. 22, 2014, via teleconference and live Internet webcast. The company will issue its...
October 6, 2014 | CSX, Headlines, NS
(Source: The State Journal, October 5, 2014) CHARLESTON, W.Va. — The Heartland Corridor is one of two rail corridors in West Virginia that emphasizes cargo containers that move by ship, rail and truck. The Heartland Corridor runs from Norfolk, Virginia, to Chicago on...
