January 26, 2012 | Headlines, NS
(Source: Progressive Railroading, January 25, 2012) During its fourth-quarter earnings conference call, Norfolk Southern Corp. announced it has budgeted $2.4 billion for capital spending in 2012, up 12 percent compared with 2011’s $2.16 billion budget. Replacement and...
January 25, 2012 | Headlines, NS
(Source: Seeking Alpha, January 24, 2012) NEW YORK — A transcript of Norfolk Southern’s earnings call with investors is available on the Seeking Alpha website. Full story: Seeking Alpha
January 25, 2012 | Headlines, NS
(Source: Norfolk Southern press release, January 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 9.3 percent, or 4 cents per share, from...
January 25, 2012 | Headlines, NS
(Source: Associated Press, January 24, 2012) NORFOLK, Va. — Higher rates and heavier traffic helped freight railroad operator Norfolk Southern Corp. boost fourth-quarter profit by 19 percent. Revenue was less than analysts expected, and operating costs rose sharply on...
January 23, 2012 | Headlines, NS
(Source: Norfolk Southern press release, January 19, 2012) NORFOLK, Va. — Norfolk Southern has cleared the way for more double-stack intermodal trains to use its Heartland Corridor with the opening this week of a newly improved double-stack rail line between Columbus...
January 23, 2012 | Headlines, NS
(Source: Forbes, January 19, 2012) NEW YORK — Analysts expect higher profit for Norfolk Southern when the company reports its fourth quarter results on Tuesday, January 24, 2012. The consensus estimate is calling for profit of $1.39 a share, reflecting a rise from $1...
January 19, 2012 | Headlines, NS
(Source: Progressive Railroading, January 18, 2012) On Jan. 15, Norfolk Southern Railway, the Ohio Rail Development Commission (ORDC), Ohio-Kentucky-Indiana Council of Governments and Ohio Department of Transportation marked the first double-stack intermodal train to...
January 18, 2012 | Headlines, NS
(Source: YNN.com, January 18, 2012) ELMIRA, N.Y. — Last November, a single rail car tumbled into the parking lot of the Hilliard Corporation in Elmira, but nobody knew about it. Norfolk Southern didn’t notify local law enforcement of the accident and legally, it...
January 17, 2012 | CSX, Headlines, NS
(Source: Zacks.com, January 16, 2012) NEW YORK — Softer demands for coal have once gain stirred up trouble for the railroads, specifically NS and CSX. Full story: Zacks.com
January 16, 2012 | Headlines, NS
(Source: Norfolk Southern press release, January 13, 2012) NORFOLK, Va. — Norfolk Southern has loaded the largest volume cargo in the history of its Pier 6 coal transloading facility at Lamberts Point in Norfolk. Early yesterday morning, Norfolk Southern finished...
