Norfolk Southern Corporation

A Norfolk Southern train carrying new vehicles derailed on Monday in Huntington, Missouri, causing NS to stop train traffic there for over a day. The derailment involved an eastbound NS (NYSE: NSC) train. At just before 1:30 p.m. local time, 48 railcars derailed. No injuries were reported. NS...

A 34% increase in operating revenue, including gains for coal and intermodal, boosted Norfolk Southern's net profit for the second quarter of 2021. NS (NYSE: NSC) reported record second-quarter 2021 net income of $819 million, or $3.28 per diluted share, compared with $392 million, or $1.53 per...

Kansas City Southern's Chief Innovation Officer To Retire Brian Hancock, Kansas City Southern's (NYSE: KSU) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S. Securities and Exchange Commission. The filing did not...

Norfolk Southern (NYSE: NSC) reached an all-time quarterly record operating ratio (OR) in the first quarter amid a 7% increase in operating income. Norfolk Southern's (NS) OR was 61.5% in the first quarter of 2021, compared with an adjusted OR of 63.7% in the first quarter of 2020. On an...

Norfolk Southern (NYSE: NSC) is conducting a pilot program testing what the railroad describes as a "breakthrough in track inspection technology." The Eastern U.S. railroad is deploying an autonomous track geometry measurement system, which Norfolk Southern (NS) says is the first technology of its...

Norfolk Southern (NYSE: NSC) is closing a distribution center in Roanoke, Virginia, citing declining coal volumes and a leaner locomotive fleet. The company will be closing the Roanoke Distribution Center and plans to transfer the work of the center's locomotive shop to its Juniata Locomotive Shop...

FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. Norfolk Southern (NYSE: NSC) wants to double-stack its trains as they move through Pittsburgh, but residents in the north side of the city are...

Norfolk Southern (NYSE: NSC) is making changes to its tariffs governing demurrage and accessorial charges, the railroad said on Dec. 1 in an operations update. The tariff changes are available here.  Norfolk Southern (NS) is implementing a new tiered demurrage and storage structure to address...

Declining coal and intermodal volumes contributed to a 3% drop in third-quarter profits for Norfolk Southern (NYSE: NSC). Third-quarter net income fell 6% to $657 million, or $2.49/diluted share, compared with $702 million, or $2.52/diluted share, in the third quarter of 2018.  Operating ratio...

Norfolk Southern Corporation (NYSE: NSC) could be forced to pay millions of dollars for breaching a contract to ship coal to coal-fired power plants, a jury determined last week. A jury found on Sept. 17 that NSC didn't deliver coal supplied by Alabama-based Drummond Coal from the Shipyard...

Norfolk Southern Corporation (NYSE: NSC) announced that Claude Mongeau has been elected as a director, effective Sept. 23. Mongeau is the former president and chief executive officer of Canadian National Railway (NYSE: CNI). He will serve on the board's compensation and finance and risk...

Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.  Top21 and Clean Sheeting are two initiatives that arose out of NSC's version of precision scheduled railroading (PSR), an operating model that...

Norfolk Southern (NYSE: NSC) expects to have the next stage of its new operating plan in place by the end of July. July is "where we really go in and reconfigure [NSC's] operating plan itself," NSC president and chief executive Jim Squires told investors during the company's...

Norfolk Southern Corporation (NYSE: NSC) reported record first quarter diluted earnings per share (EPS) for 1Q 2019. The company's diluted EPS came in at $2.51, a 30 percent increase year-over-year, outpacing analyst estimates of $2.18. NSC has beaten EPS estimates every quarter for the past...

Norfolk Southern Corp. (NYSE: NSC) is starting a three-year sprint to improved profitability through the precision scheduled railroading (PSR) business model that's been embraced by a growing number of Class 1 railroads. The fourth-largest North American railroad by revenue, Norfolk Southern...