November 6, 2019 | Headlines, NS
(Source: Chattanooga Times Free Press, November 5, 2019) CHATTANOOGA, Tenn. — Norfolk Southern furloughed 58 workers Tuesday at its DeButts yard in Chattanooga as part of a company-wide cutback in diesel shop operations the railroad is making in response to a drop in...
November 1, 2019 | Headlines, NS
(Source: Times Daily, November 1, 2019) BARTON, Ala. — Residents of Pride Estates in eastern Colbert County are used to stopping at the railroad crossing near U.S. 72 for a passing Norfolk Southern freight train, but over the past few years, they’ve been...
November 1, 2019 | Headlines, NS
(Source: Television station WDBJ, November 1, 2019) BOTETOURT COUNTY, Va. — People in one Botetourt County neighborhood are fed up after stuck trains have left them stranded for hours at a time. Wednesday night, people who live off of Davis Road in Blue Ridge had to...
October 25, 2019 | Headlines, NS, Quarterly Income
(Source: Supply Chain Dive, October 24, 2019) WASHINGTON, D.C. — Though Norfolk Southern is confident it will reach a sub-60% OR by 2021 as planned, analysts were incredulous as to why the railroad is not posting incremental OR progress. While rail volumes are down...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: Freight Waves, October 23, 2019) CHATTANOOGA, Tenn. — Despite facing macroeconomic headwinds in the fourth quarter and into 2020, Norfolk Southern’s leaders insist that the eastern U.S. railroad will reach a target operating ratio (OR) of 60% by 2021. Full...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: Freight Waves, October 23, 2019) CHATTANOOGA, Tenn. — Declining coal and intermodal volumes contributed to a 3% drop in third-quarter profits for Norfolk Southern. Third-quarter net income fell 6% to $657 million, or $2.49/diluted share, compared with $702...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: S&P Global Platts, October 23, 2019) HOUSTON — Norfolk Southern railroad reported lower coal volumes in the third quarter, driven by a weak global market and domestic utility competition, executives said Wednesday. Coal volumes totaled 218,700, down 15%...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: MarketWatch, October 23, 2019) NEW YORK — Shares of Norfolk Southern Corp. slid 2.1% in premarket trading Wednesday, after the railroad operator reported a decline in third-quarter earnings and revenue that fell a bit more than expected, as misses in its coal...
October 23, 2019 | CSX, Headlines, NS
(Source: The Post and Courier, October 22, 2019) CHARLESTON, S.C. — A weaker-than-normal peak shipping season for Asian businesses making goods bound for U.S. markets could be an indication of a sluggish Christmas shopping season. Full story: The Post and...
October 23, 2019 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 23, 2019) NORFOLK, Va. — Norfolk Southern Corporation today reported third-quarter financial results. Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the...
