Norfolk Southern

By Jeff Berman · January 29, 2016
Class I railroad carrier Norfolk Southern this week released additional information on its strategic plan, which it said is geared to streamline operations and drive profitability and growth on various fronts. NS officials said its projected expense reduction and cost control efforts will be focused in a few specific areas, including compensation and benefits, purchased services and rents, materials, and fuel. The company initially introduced the plan on December 4, 2015.
By Jeff Berman · December 4, 2015
The planned, large-scale Class I railroad acquisition of Norfolk Southern by Canadian Pacific, which has received a fair amount of attention in recent weeks, appears to have fallen off the tracks.
By Jeff Berman · November 18, 2015
A recent Bloomberg report indicating that Canadian Pacific Railway Ltd. is looking to acquire Norfolk Southern was confirmed by the Class I railroads in separate statements issued over the past two days.
By Jeff Berman · November 25, 2014
NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.
By John D. Schulz · February 21, 2014
Charles W. “Wick” Moorman told the U.S. Chamber of Commerce second annual infrastructure that he was “optimistic” that new and improved methods of hauling crude on rails will be found that will make the system even safer.
By Jeff Berman · June 27, 2013
NS says the new facility is well-positioned to help NS expand its TBT terminal footprint by extending the reach of our network even more effectively to serve additional markets.
By Jeff Berman · April 2, 2013
A few weeks shy of their respective first quarter earnings announcements East Coast-based Class I railroads Norfolk Southern and CSX are feeling pretty good about their businesses.
By Jeff Berman · October 18, 2012
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the Northeast. This facility is located on a 316-acre site in McCalla, Alabama.
By Jeff Berman · September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
By Jeff Berman · April 25, 2012
Class I railroad carriers Norfolk Southern and KCS recently rolled out a new joint intermodal service between central Mexico and the southeastern region of the United States entitled TMX.
By Jeff Berman · April 25, 2012
The Norfolk, Virginia-based carrier reported first quarter net income of $410 million—or $1.23 per share—which was up 26 percent compared to the first quarter of 2011 and ahead of Wall Street expectations of $1.12 per share.
By Jeff Berman · November 29, 2011
As freight transportation volumes are primarily showing flat or modest growth levels, intermodal still is showing very strong growth prospects, with the very likely possibility that the drivers for future intermodal gains are very promising.
By Jeff Berman · June 7, 2011
NS officials said the $97.5 million facility is part of the $2.5 billion Crescent Corridor initiative, which aims to establish an efficient, high-capacity intermodal freight rail route between the Gulf Coast and the North East. This facility, which is located on a 316-acre site in McCalla, Alabama, is expected to open in late 2012.
By Jeff Berman · May 2, 2011
Company officials said the $105 million facility is part of the $2.5 billion Crescent Corridor initiative. It is expected to be open in late 2012 and will be built on 380 acres. It is expected to create 6,200 jobs in the Memphis region over the next ten years and is expected to handle 327,000 containers and trailers annually.
By Jeff Berman · October 28, 2010
As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.

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