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Railroad stocks mixed at close of August 16 trading

(Source: Associated Press, August 16, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on August 16, including Norfolk Southern, which fell 0.03 percent, and Union Pacific, which rose 1.0 percent. Full story: CBS...

CSX, NS post intermodal gains after expanding tunnels, yards

(Source: Bloomberg News, August 16, 2012) NEW YORK — CSX Corp.’s container cargoes have increased about 10 percent for two straight quarters as eastern U.S. railroads invest billions in a business that threatens the trucking industry’s most lucrative shipments. CSX...

Railroad stocks up at close of August 10 trading

(Source: Associated Press, August 10, 2012) NEW YORK — Shares of some top railroad companies were up at the close of trading on August 10, including CSX, which rose 1.5 percent, and Norfolk Southern, which rose 1.2 percent. Full story: CBS News

Railroad stocks mixed at close of August 9 trading

(Source: Associated Press, August 9, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on August 9, including CN, which rose 0.8 percent, and Norfolk Southern, which fell 0.8 percent. Full story: CBS News

New NS rail yard opens near Memphis

(Source: Memphis Daily News, July 26, 2012) MEMPHIS, Tenn. — Those in the logistics industry have known since the end of June, but Norfolk Southern Corp.’s Memphis Regional Intermodal Facility at Rossville had its soft opening earlier this month. Full story: Memphis...

Norfolk Southern profit up despite coal drop

(Source: Reuters, July 24, 2012) NEW YORK — Railroad company Norfolk Southern Corp (NSC.N) reported a higher quarterly profit and flat revenue, with increased general merchandise and intermodal revenue offsetting a double-digit drop in revenue from coal. The coal...

Norfolk Southern reports second-quarter earnings

(Source: Norfolk Southern press release, July 24, 2012) NORFOLK, Va. — For the second quarter of 2012, Norfolk Southern reported net income of $524 million, 6 percent lower than $557 million for the second quarter 2011. Diluted earnings per share were an all-time...