Norfolk Southern's solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.
Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its fourth quarter and full-year 2024 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion,
In the fourth quarter, the railroad reported an adjusted operating income increase of 11% to $1.06 billion, even as revenues saw a slight decline of 2% to $3.02 billion. The rail earned $3.04 per share, beating the Wall Street consensus by a dime.These figures underscore the company’s effective cost management and operational efficiencies.
Shares of railroad operator Norfolk Southern (NSC) are chugging higher after the company reported earnings growth and said it was on track for
Norfolk Southern Corporation (NSC) reported fourth quarter income from railway operations of $1.1 billion, an increase of 40%,
A settlement has been reached between Norfolk Southern and East Palestine, Ohio, after a 2023 derailment left hazardous waste and more behind.
East Palestine and Norfolk Southern also announced that the company will no longer build a safety training center for first responders.
Nearly two years after a train derailment sent toxic chemicals into the air, ground and water, the village of East Palestine, Ohio, and Norfolk Southern reached
With the statute of limitations to file suit against Norfolk Southern for damages inflicted by the 2023 train derailment and subsequent chemical release less than a week away, East Palestine Council announced the village and the railroad have reached a settlement.
The 40% improvement in operating earnings comes as the railroad settled a key claim over a 2023 Ohio derailment.
Norfolk Southern has suffered another derailment — although this one, thank goodness, was more an inconvenience than a disaster. Monday morning, at the company’s rail yard near Portsmouth, Ohio, eight cars of a train carrying several thousand pounds of soybeans derailed.