Shares of railroad operator Norfolk Southern (NSC) are chugging higher after the company reported earnings growth and said it was on track for
ATLANTA – Norfolk Southern is back. That was the message CEO Mark George and the railroad’s executive team delivered on this morning’s fourth-quarter earnings call, where they emphasized how operational improvements helped NS meet or exceed the financial targets it set amid last year’s nasty proxy battle with activist investor Ancora Holdings.
The 40% improvement in operating earnings comes as the railroad settled a key claim over a 2023 Ohio derailment.
ATLANTA — Norfolk Southern customers advanced projects representing $4.3 billion in industrial development along its lines or those of a shortline partner in 2024, the railroad said today (Jan. 22). The investments involved 149 projects,
Productivity initiatives drive results with additional opportunity in 2025
Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.
Norfolk Southern CEO Mark George said the company is turning the corner into 2025 with “strong” financial results that make him optimistic about the future.
Norfolk Southern Corp. will pay $22 million to East Palestine, Ohio, to settle claims related to a train derailment there in early 2023.
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.
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.
Operational and other improvements helped Norfolk Southern meet or exceed financial targets it set amid last year’s nasty proxy battle with activist investor Ancora Holdings. The post Norfolk Southern touts operational,
Met commitments for second-half and full-year 2024 operating ratio Productivity initiatives drive results with additional opportunity in 2025 ATLANTA, Jan. 29, 2025