May 4, 2020 | Headlines, NS
(Source: www.myfox8.com, May 1, 2020) HIGH POINT, N.C. — The Norfolk Southern transportation company released a statement Friday afternoon, saying the company has furloughed around 85 workers. Full story: www.myfox8.com
May 1, 2020 | Headlines, NS
(Source: Supply Chain Dive, April 30, 2020) WASHINGTON, D.C. — The second quarter of 2020 will be the toughest yet for Norfolk Southern, executives said on a Wednesday earnings call. “We project year-over-year volume declines across all business groups with...
April 30, 2020 | Headlines, NS
(Source: Norfolk Southern press release, April 28, 2020) NORFOLK, Va. — Norfolk Southern Corporation today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable June 10 to shareholders of record on May 8. Norfolk...
April 30, 2020 | Headlines, NS
(Source: Norfolk Southern press release, April 28, 2020) NORFOLK, Va. — Norfolk Southern Corporation today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable June 10 to shareholders of record on May 8. Norfolk...
April 30, 2020 | Headlines, NS, Quarterly Income
(Source: Progressive Railroading, April 29, 2020) Norfolk Southern Corp. today reported first-quarter 2020 railway operating revenue fell 8 percent to $2.6 billion compared to first-quarter last year, driven by an 11 percent decline in total volume. Full story:...
April 30, 2020 | Headlines, NS
(Source: Freight Waves, April 29, 2020) CHATTANOOGA, Tenn. — Norfolk Southern expects some of the cost cuts it made in response to the pandemic-induced rail volume decline to be permanent, its executives said during the eastern U.S. railroad’s first-quarter 2020...
April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Freight Waves, April 29, 2020) CHATTANOOGA, Tenn. — The costs associated with Norfolk Southern’s actions to divest a portion of its locomotive fleet resulted in lower net profits for the company in the first quarter. First-quarter net income was $381 million,...
April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 29, 2020) NORFOLK, Va. — Norfolk Southern Corporation today reported first-quarter financial results of net income equal to $381 million, diluted earnings per share of $1.47, and an operating ratio of 78.4%. These results...
April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 29, 2020) OMAHA, Neb. — Norfolk Southern’s first-quarter profit fell 44% because of a one-time charge related to locomotive sales and weak shipping volume driven by the coronavirus outbreak. The railroad said it earned $381...
April 28, 2020 | Headlines, NS
(Source: Herald-Dispatch, April 27, 2020) HUNTINGTON, W.Va. — Norfolk Southern Railway has been working on replacing a double-rail bridge along the Pocahontas line that crosses the Tug Fork River at Hatfield Bottom near Matewan, and the construction company hired to...
