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 |
---|---|---|---|
10/9/2024 | $294.00 | Buy | Citigroup |
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 |
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ATLANTA, Nov. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) today announced the appointment of Joseph H. Carpenter IV as Vice President Law. Carpenter brings more than 22 years of experience in the rail industry, with expertise in managing complex litigation and driving strategic legal initiatives. Reporting to Senior Vice President and Chief Legal Officer Jason Morris, Carpenter will lead the company's law department, guiding legal efforts, advancing regulatory initiatives, and supporting Norfolk Southern's long-term strategy. "Joe Carpenter is a trusted lea
ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) is uniting a diverse group of industry leaders and stakeholders to form its Customer Advisory Board. The new initiative aims to deepen the company's engagement with key voices from the industries it serves and leverage their invaluable insights to further enhance its customer experience. The railroad will incorporate strategic guidance and feedback on its operations and customer service practices as part of Norfolk Southern's commitment to continuously refine its approach to best meet the evolving n
Project marks first time blockchain technology has been applied to a mass timber project ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC), today announced it would provide timber for the construction of a Department of Forestry and Environmental Conservation building project at Clemson University. The majority of the wood used for the state-of-the-art building will be longleaf pine harvested from the Brosnan Forest, a 14,400-acre timber and wildlife preserve near Charleston, S.C. The building project will help serve the Southeast as an education a
Productivity initiatives drive further margin improvement On track to meet adjusted operating ratio targets for second half and full year 2024 ATLANTA, Oct. 22, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings per share were $4.85. After adjusting the results to exclude the impact of railway line sales, the Eastern Ohio incident as well as restructuring and other charges, railway operating
Tentative agreement comes in advance of the next collective bargaining round, delivering significant future enhancements to pay, health care, and vacation. ATLANTA, Oct. 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced today that it has reached a tentative five-year collective bargaining agreement with the International Brotherhood of Electrical Workers (IBEW). The most recent agreement pushes the coverage of the union workforce under early tentative deals to approximately 67%. The agreement, which is subject to ratification, arrives in advance of the
ATLANTA, Oct. 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable Nov. 20, 2024, to shareholders of record on Nov. 1, 2024. The company has paid a dividend on its common stock for 169 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
Total 2024 contributions to Red Cross reach $775K for disaster recovery efforts ATLANTA, Oct. 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has contributed an additional $400,000 to the American Red Cross to aid its large-scale relief efforts following Hurricane Helene and Hurricane Milton. This donation brings the company's total disaster recovery support to $775,000 in 2024. In addition, Norfolk Southern's Employee Disaster Relief Program is offering grants to employees affected by Hurricane Milton and Hurricane Helene to cover disaster-related expenses and losses. "As we stand alongside our communities during this challenging time, we're not just offering financial su
ATLANTA, Oct. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its third quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Tuesday, October 22, 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 Third Quarter 2024 Earnings Conference Call When: October 22, 2024, at 8:45 a.m. ET How to Participate: Teleconference: 1-800-836-8184 (Dial in several minutes prior to call start
Supports multi-state relief effort underway for Hurricane Helene ATLANTA, Sept. 30, 2024 /PRNewswire/ -- Norfolk Southern Corp. (NYSE:NSC) has donated $100,000 to the American Red Cross to support the organization's massive, multi-state relief efforts for Hurricane Helene. In addition, the company's Employee Disaster Relief Program is providing impacted employees with grants for qualified disaster-related losses and expenses. "Our thoughts are with everyone navigating the aftermath of Helene, and our actions are in support of our employees, customers, and the communities wher
ATLANTA, Sept. 26, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has named Brian Barr as Vice President and Chief Mechanical Officer. In this role, Barr will lead mechanical operations across the company's 22-state network, reporting to Chief Operating Officer John Orr. Barr joins Norfolk Southern from Union Pacific where he held the positions of General Manager Great Lakes Services and Senior Vice President Transportation. Barr started his career as a craft dispatcher in 1998 working at Conrail and, later, CSX. During his 26-year career, Barr has held leadersh
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Citigroup initiated coverage of Norfolk Southern with a rating of Buy and set a new price target of $294.00
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
ATLANTA, Oct. 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable Nov. 20, 2024, to shareholders of record on Nov. 1, 2024. The company has paid a dividend on its common stock for 169 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
ATLANTA, Oct. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) will announce its third quarter 2024 financial results during a live conference call and internet webcast at 8:45 a.m. ET on Tuesday, October 22, 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 Third Quarter 2024 Earnings Conference Call When: October 22, 2024, at 8:45 a.m. ET How to Participate: Teleconference: 1-800-836-8184 (Dial in several minutes prior to call start
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
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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.
ATLANTA, Nov. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) today announced the appointment of Joseph H. Carpenter IV as Vice President Law. Carpenter brings more than 22 years of experience in the rail industry, with expertise in managing complex litigation and driving strategic legal initiatives. Reporting to Senior Vice President and Chief Legal Officer Jason Morris, Carpenter will lead the company's law department, guiding legal efforts, advancing regulatory initiatives, and supporting Norfolk Southern's long-term strategy. "Joe Carpenter is a trusted lea
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