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...
October 21, 2019 | BNSF, Headlines, NS
(Source: Railway Age opinion column by Jim Blaze, October 20, 2019) NEW YORK — It’s third-quarter 2019 railroad financial results reporting time, and sometimes, insight about rail freight markets comes from strange places. One of those might just be the quarterly...
October 15, 2019 | Headlines, NS
(Source: Television station WRCB, October 15, 2019) CHATTANOOGA, Tenn. — A former conductor for Norfolk Southern Railway Company is suing. Ronnie Sparks claims his job caused his cancer. Full story: www.wrcbtv.com
October 10, 2019 | Headlines, NS, UP
(Source: S&P Global Platts, October 9, 2019) PITTSBURGH, Pa. — Several US steelmakers and aluminum companies have filed a pair of lawsuits alleging the country’s four largest railroad companies conspired to fix prices over a period of at least five years,...
October 8, 2019 | CSX, Headlines, NS
(Source: Freight Waves, October 7, 2019) CHATTANOOGA, Tenn. — Container volume growth on the East Coast of North America continues to outpace growth on the West Coast, despite longer ocean transit times and higher prices from Asia. But the eastern railroads are not...
October 8, 2019 | Headlines, NS
(Source: Television station Fox 19, October 7, 2019) FAIRFIELD, Ohio — Multiple first responders are on scene after two trains collided in the northern Cincinnati suburbs early Tuesday, sending two crew members to a hospital, according to Norfolk Southern Railway and...
