Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials; and coal, automobiles, and automotive parts. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter passenger services. As of December 31, 2020, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Norfolk, Virginia.
IPO Year:
Exchange: NYSE
Website: norfolksouthern.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/26/2024 | $251.00 → $253.00 | Hold | TD Cowen |
7/8/2024 | $175.00 | Underweight | Morgan Stanley |
6/7/2024 | $270.00 | Overweight | Wells Fargo |
5/23/2024 | $270.00 | Sector Perform → Outperform | RBC Capital Mkts |
4/8/2024 | $300.00 | Buy | Jefferies |
3/21/2024 | $236.00 → $253.00 | Market Perform | TD Cowen |
3/4/2024 | $238.00 → $302.00 | Neutral → Buy | UBS |
2/21/2024 | $255.00 → $305.00 | Equal Weight → Overweight | Barclays |
1/29/2024 | $185.00 → $175.00 | Equal-Weight → Underweight | Morgan Stanley |
1/29/2024 | $250.00 → $233.00 | Buy → Hold | Stifel |
Stifel analyst Benjamin Nolan maintains Norfolk Southern (NYSE:NSC) with a Hold and lowers the price target from $241 to $239.
NTSB Chair visits Norfolk Southern headquarters to discuss company's progress on safety initiativesATLANTA, July 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today endorsed the national safety policy recommendations made by the National Transportation Safety Board as part of the agency's investigation of the 2023 East Palestine derailment. The recommendations align with safety initiatives currently underway at the railroad designed around the principles of accident prevention, mitigation, and response.During her visit today, Chair Jennifer Homendy met with senior leadership to discuss Norfolk Southern's progress in implementing safety initiatives aligned to the NTSB repo
- Reuters
Bernstein analyst David Vernon maintains Norfolk Southern (NYSE:NSC) with a Outperform and lowers the price target from $288 to $285.
Morgan Stanley analyst Ravi Shanker reinstates Norfolk Southern (NYSE:NSC) with a Underweight and announces $175 price target.
- Reuters
Wells Fargo analyst Christian Wetherbee maintains Norfolk Southern (NYSE:NSC) with a Overweight and lowers the price target from $270 to $260.
Susquehanna analyst Bascome Majors maintains Norfolk Southern (NYSE:NSC) with a Neutral and lowers the price target from $265 to $245.
Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies Nabanita Nag Terminated as Chief Legal Officer Company Reaffirms Full-Year 2024 Guidance ATLANTA, Sept. 11, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that the Norfolk Southern Board of Directors has by unanimous vote of the independent directors appointed Mark R. George, the company's Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer, effective immediately. George will also join the Norfolk Southern Board.
ATLANTA, Sept. 8, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) acknowledges that its Board of Directors has opened an investigation into allegations of potential conduct by CEO Alan Shaw that is inconsistent with the company's Code of Ethics and company policy. Norfolk Southern holds all its team members to the highest standards. In line with the company's Code of Conduct and company policy, allegations of misconduct are thoroughly investigated. The code also includes resources for employees to anonymously report concerns, including through the Ethics & Complia
ATLANTA, Sept. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw, Executive Vice President and Chief Financial Officer Mark George, and Executive Vice President and Chief Operating Officer John Orr will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference. Details on the presentation follow below. What: Morgan Stanley 12th Annual Laguna ConferenceWhen: Friday, September 13, 2024 at 8:10 a.m. (PDT)Where: Via Webcast The presentation will be posted at www.norfolksouthern.com on the I
Early agreements now cover nearly 65% of company's union workforce ATLANTA, Sept. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD). SMART-TD is the company's largest labor union, representing train conductors across the company's 22-state network. The latest agreement ensures coverage for all Norfolk Southern conductors and brings the total union workforce covered by early tentative agreements to nearly 65%.
Agreement comes months before next collective bargaining round, giving covered employees early assurances on significant future improvements to pay, health care, and vacation BNSF Railway, one of North America's leading transportation companies, in partnership with Norfolk Southern Corporation (NYSE:NSC), today announced it has reached tentative, five-year collective bargaining agreements with The International Brotherhood of Boilermakers (IBB) and The National Conference of Firemen and Oilers (NCFO). The news comes days after the railroad announced tentative agreements with four other labor unions, and four months before the opening of the next collective bargaining round, giving cover
Early agreements made with nine unions over the past two weeks cover approximately 55% of railroad's total union workforce ATLANTA, Aug. 30, 2024 /PRNewswire/ -- Ahead of the Labor Day holiday, which celebrates the achievements of American workers, Norfolk Southern Corporation (NYSE:NSC) is proud to announce it has reached tentative, five-year collective bargaining agreements with five labor unions in addition to the four announced last week. These nine agreements, which, together, cover approximately 55% of the company's unionized workforce, come four months before the opening of the next collective bargaining round, underscoring Norfolk Southern's commitment to provide prompt, meaningful e
Agreements come months before next collective bargaining round, giving covered employees early assurances on significant future improvements to pay, health care, and vacation ATLANTA, Aug. 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC), in partnership with BNSF Railway, has reached tentative, five-year collective bargaining agreements with the Brotherhood of Railway Carmen Division/TCU (BRC), the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department (SMART-MD), and the Transportation Communications Union/IAM (TCU). Norfolk Southern also has reached tentative agreements with multiple General Committees for the International As
ATLANTA, Aug. 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) has promoted Jason A. Zampi to Senior Vice President Finance & Treasurer. In the new role, Zampi will maintain responsibility for financial planning and analysis. He also will assume responsibility for treasury and investor relations from Chris Ceraso, current Vice President & Treasurer, who is electing to leave the company to pursue another opportunity. Zampi will continue to report to Executive Vice President & Chief Financial Officer Mark George. In his most recent role as Vice President, Zampi h
Tim Livingston joins as Senior Vice President Transportation as COO John Orr establishes operations leadership team ATLANTA, Aug. 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) has appointed three industry veterans with precision scheduled railroading (PSR) experience to lead its Transportation team, reporting to Chief Operating Officer John Orr. Tim Livingston joins Norfolk Southern as Senior Vice President Transportation and Network Operations. Reporting to Livingston will be Rodney Moore, serving as Vice President Transportation for the Northern region and Dewayne Swindall as Vice President Transportation for the Southern region.
ATLANTA, Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern (NYSE:NSC) is elevating the power of technology and innovation to drive its transformative, balanced strategy as it brings onboard Anil Bhatt, a technology leader recognized for pioneering cutting-edge solutions to advance and shape the direction of enterprises. Bhatt will serve as executive vice president and chief information and digital officer, reporting to President and CEO Alan Shaw. Norfolk Southern's focus on technology has advanced safety and operational excellence through industry-leading machine vision, AI-power
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ATLANTA, July 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 20, 2024, to shareholders of record on August 2, 2024. The company has paid a dividend on its common stock for 168 consecutive quarters since its formation in 1982. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE:NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-d
ATLANTA, July 3, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its second quarter 2024 financial results during a live conference call and internet webcast at 4:30 p.m. ET on Thursday, July 25, 2024. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. What: Norfolk Southern Second Quarter 2024 Earnings Conference Call When: July 25, 2024, at 4:30 p.m. ET How to Participate: Teleconference: 1-800-836-8184 (Dial in several minutes prior to call start) L
ATLANTA, April 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable May 20, 2024, to shareholders of record on May 3, 2024. The company has paid a dividend on its common stock for 167 consecutive quarters since its formation in 1982. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-drive
ATLANTA, April 5, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its first quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 24, 2024. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. What: Norfolk Southern First Quarter 2024 Earnings Conference Call When: April 24, 2024, at 8:45 a.m. ET How to Participate: Teleconference: 877-869-3847 (Dial in several minutes prior to call start.)
ATLANTA, Jan. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable February 20, 2024, to shareholders of record on February 2, 2024. The company has paid a dividend on its common stock for 166 consecutive quarters since its formation in 1982. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operati
ATLANTA, Jan. 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its fourth quarter 2023 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Friday, January 26, 2024. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. What: Norfolk Southern Fourth Quarter 2023 Earnings Conference Call When: January 26, 2024, at 8:45 a.m. ET How to Participate: Teleconference: 877-869-3847 (Dial in several minutes prior to call start
ATLANTA, Sept. 29, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its third quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, October 25, 2023. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. What: Norfolk Southern Third Quarter 2023 Earnings Conference Call When: October 25, 2023, at 8:45 a.m. ET How to Participate: Teleconference: 877-869-3847 (Dial in several minutes prior to call start.)
ATLANTA, July 25, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 21, 2023, to shareholders of record on August 4, 2023. The company has paid a dividend on its common stock for 164 consecutive quarters since its formation in 1982. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE:NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-d
ATLANTA, June 30, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its second quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Thursday, July 27, 2023. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. What: Norfolk Southern Second Quarter 2023 Earnings Conference Call When: July 27, 2023, at 8:45 a.m. ET How to Participate: Teleconference: 877-869-3847 (Dial in several minutes prior to call start.) Live
ATLANTA, April 25, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable May 20, 2023, to shareholders of record on May 5, 2023. The company has paid a dividend on its common stock for 163 consecutive quarters since its formation in 1982. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE:NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven
TD Cowen reiterated coverage of Norfolk Southern with a rating of Hold and set a new price target of $253.00 from $251.00 previously
Morgan Stanley resumed coverage of Norfolk Southern with a rating of Underweight and set a new price target of $175.00
Wells Fargo initiated coverage of Norfolk Southern with a rating of Overweight and set a new price target of $270.00
RBC Capital Mkts upgraded Norfolk Southern from Sector Perform to Outperform and set a new price target of $270.00
Jefferies initiated coverage of Norfolk Southern with a rating of Buy and set a new price target of $300.00
TD Cowen reiterated coverage of Norfolk Southern with a rating of Market Perform and set a new price target of $253.00 from $236.00 previously
UBS upgraded Norfolk Southern from Neutral to Buy and set a new price target of $302.00 from $238.00 previously
Barclays upgraded Norfolk Southern from Equal Weight to Overweight and set a new price target of $305.00 from $255.00 previously
Morgan Stanley downgraded Norfolk Southern from Equal-Weight to Underweight and set a new price target of $175.00 from $185.00 previously
Stifel downgraded Norfolk Southern from Buy to Hold and set a new price target of $233.00 from $250.00 previously
Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies Nabanita Nag Terminated as Chief Legal Officer Company Reaffirms Full-Year 2024 Guidance ATLANTA, Sept. 11, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that the Norfolk Southern Board of Directors has by unanimous vote of the independent directors appointed Mark R. George, the company's Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer, effective immediately. George will also join the Norfolk Southern Board.
ATLANTA, Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) and the American Train Dispatchers Association (ATDA), in partnership with the Federal Railroad Administration (FRA), announced Tuesday their joint participation in the FRA's Confidential Close Call Reporting System (C3RS). This pilot program is designed to enhance communication and transparency to help improve railroad safety. Under the one-year C3RS pilot, dispatchers at Norfolk Southern can report safety concerns with the certainty that such reports will not result in discipline. Submitted safety
NTSB Chair visits Norfolk Southern headquarters to discuss company's progress on safety initiatives ATLANTA, July 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today endorsed the national safety policy recommendations made by the National Transportation Safety Board as part of the agency's investigation of the 2023 East Palestine derailment. The recommendations align with safety initiatives currently underway at the railroad designed around the principles of accident prevention, mitigation, and response. During her visit today, Chair Jennifer Homendy met wi
ATLANTA, June 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will convene a Vent and Burn Workgroup to integrate key learnings for the betterment of any future scenario where a vent and burn may be necessary. The Workgroup, which is an element of Norfolk Southern's recent settlement with the Department of Justice and Environmental Protection Agency, will be composed of leaders from across stakeholder groups who have a role to play in responding to rail accidents. Over the next six months, subject to final court approval of the settlement, Norfolk Southern wi
Preliminary Voting Results for 2024 Annual Meeting Indicate Shareholders Have Elected Ancora Nominees William Clyburn, Jr., Sameh Fahmy and Gilbert Lamphere Results Also Indicate Shareholders Have Not Supported Amy Miles (Board Chair), Jennifer Scanlon (Chair of Governance and Nominating Committee) and John Thompson (Chair of Human Capital Management and Compensation Committee) Highlights CEO Alan Shaw Essentially Received a Vote of No Confidence, With Barely 50% of the Company's Outstanding Shares Supporting Him Underscores the Campaign for Changes in Leadership and Strategy Will Continue Ahead of Next Month's Government Report on the East Palestine Derailment and Toxic Burn Ohio-b
Significant momentum underway in key operational metrics including train speed, terminal dwell, Intermodal on-time service and Merchandise velocity Strong management and board oversight in place to meet company objectives Norfolk Southern urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today ATLANTA, May 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) Wednesday sent a letter to shareholders in connection with its Annual Meeting of Shareholders on May 9, 2024. In the letter the company highlighted: No
Outlines clear path to close the margin gap with peers by achieving a sub-60% operating ratio in 3-4 years Urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today Identifies safety, service and financial risk of Ancora's "tear it down to the studs"1 strategy ATLANTA, April 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) filed an investor presentation Thursday with the U.S. Securities and Exchange Commission and sent an accompanying letter to shareholders in connection with its Annual Meeting of Shareholders on May 9, 2024. The presentation and letter are available at www.VoteNorfolkSouthern.com and on the company's
Urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today ATLANTA, April 2, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) today sent a letter to shareholders detailing the strength of its proven management team, who are accelerating the company's balanced strategy to narrow the operating ratio gap with peers and deliver sustainable shareholder value. In the letter the company highlighted: CEO Alan Shaw's decisive, proven leadership in successfully executing Norfolk Southern's strategic transformation. Sha
Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we"), which owns a large equity stake in Norfolk Southern Corporation (NYSE:NSC) ("Norfolk Southern" or the "Company"), today issued the below statement in response to the Company's appointment of its third COO in two years under CEO Alan Shaw: "The Board and Mr. Shaw put their own interests ahead of shareholders' interests by paying $25 million and giving up part of Norfolk Southern's long-term franchise, in the form of concessions related to the Meridian Speedway and Terminal, just to hire a COO without any experience at an Eastern railroad and whose most recent role was eliminated altogether at CPKC.1
Files definitive proxy statement and mails letter to shareholders Urges shareholders to vote "FOR" ONLY Norfolk Southern's highly qualified nominees on the WHITE proxy card Launches VoteNorfolkSouthern.com, providing additional information for shareholders ATLANTA, March 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Wednesday that it has filed its definitive proxy materials with the Securities and Exchange Commission (SEC). Norfolk Southern also announced its 2024 Annual Meeting of Shareholders will be held on May 9, 2024. Shareholders of record as of the close of business on March 4, 2024 are entitled to vote at the meeting. In conjunction with the filing of the