Norfolk Southern

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.
By Jeff Berman · September 9, 2010
Earlier today, Class I railroad carrier Norfolk Southern officially opened up its long-awaited Heartland Corridor, a public-private partnership between NS and Virginia, West Virginia, Ohio, and the federal government
By Jeff Berman · September 2, 2010
Class I railroad carrier Norfolk Southern (NS) said it has rolled out a five year goal to reduce its carbon footprint through fuel-savings technology and improvements in operating efficiencies, as well as lower its greenhouse gas emissions per revenue ton-mile 10 percent by 2014 compared with 2009 emissions.
By Jeff Berman · August 23, 2010
Class I railroad carrier Norfolk Southern recently announced it has eliminated what it described as a critical choke point on its Crescent Corridor initiative with a reconfigured rail junction near Front Royal, Virginia.

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