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Class 1 Railroads To Retain Cost-Cutting Measures
Tuesday, June 16, 2020 - 4:13pm | 815Read More...The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences. "I'm very confident that as we do add back resources, we will not...
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Norfolk Southern Shuffles Departments
Tuesday, June 2, 2020 - 4:19pm | 618Read More...Norfolk Southern (NYSE: NSC) has restructured some of its departments amid the departure of Chief Strategy Officer John Scheib on June 1. Strategy and operations functions previously led by Scheib will be integrated into the finance, operations, and marketing divisions of Norfolk Southern (NS) to...
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Projects At Savannah And Charleston Ports Make Progress
Tuesday, June 2, 2020 - 2:41pm | 1307Read More...Southeastern U.S. ports are expanding capacity to handle larger container vessels and/or increased rail traffic. Here are some recent updates at the ports of Savannah and Charleston: Mason Mega Rail Milestone Enables Rail Capacity Expansion The Port of Savannah is poised to expand service and...
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Less Volume Drives Down Norfolk Southern Profit
Wednesday, January 29, 2020 - 2:04pm | 780Read More...Railroad giant Norfolk Southern Corp.'s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said. Norfolk Southern (NYSE: NSC) reported its operating and financial results for the fourth quarter of 2019 before the market opened Wednesday. Norfolk Southern (NS)...
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Norfolk Southern Rail Bridge Collapses In Missouri Flooding
Thursday, October 3, 2019 - 1:28pm | 689Read More...A railroad bridge used by Norfolk Southern (NYSE: NSC) has collapsed into the Grand River in Missouri. Unbelievable. pic.twitter.com/2kPJqTtR5D — Jeff Nail (@jeffnail2) October 2, 2019 According to the Railway Track and Structures (RT&S) website, Norfolk Southern has suspended service in...
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Norfolk Southern's Net Profit Rises Despite Declining Volumes
Wednesday, July 24, 2019 - 9:11am | 422Read More...Norfolk Southern's (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit increased 2 percent to $722 million in the second quarter compared with the same period in 2018....
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Norfolk Southern Announces New Cost Cutting Initiatives As Part Of Goal In Saving $650 Million Annually By 2020
Wednesday, March 2, 2016 - 7:56am | 243Read More...Norfolk Southern Cop. (NYSE: NSC) announced on Tuesday an update to its five-year strategic plan. Norfolk said it plans on consolidating its three operating regions into two, as of March 15. The company noted that by doing so it can enhance operating efficiencies, reduce costs, drive profitability...
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Canadian Pacific Seeing 'Overwhelming Support' From Shippers For Its Proposed Acquisition Of Norfolk Southern
Thursday, February 25, 2016 - 2:04pm | 221Read More...Canadian Pacific Railway Limited (NYSE: CP) said on Thursday that it has received "overwhelming support" from its customers for its proposal to acquire Norfolk Southern Corp. (NYSE: NSC). Related Link: UBS: Canadian Pacific-Norfolk Southern Combo Still Possible Canadian Pacific...
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Canadian Pacific Railway Reportedly Ends Proxy Fight For Norfolk Southern
Tuesday, February 9, 2016 - 11:22am | 188Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) were highly volatile on Tuesday after reports surfaced that Canadian Pacific Railway Limited (NYSE: CP) plans on abandoning its proxy fight for Norfolk Southern. Norfolk Southern's stock was trading at an intra-day high of $73.29 on Tuesday before...
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Norfolk Southern Investors Encouraged By Q4 Results, New Cost Cutting Initiatives
Wednesday, January 27, 2016 - 11:44am | 375Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) were trading higher by nearly 2 percent late Wednesday morning as investors positively reacted to the company's fourth quarter results and an announcement of a new cost cutting initiatives. Norfolk Southern earned $1.20 per share in the fourth...
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Norfolk Southern (Again) Rejects Canadian Pacific Buyout Proposal
Monday, December 14, 2015 - 10:46am | 400Read More...On Monday, Norfolk Southern Corporation (NYSE: NSC) officially announced that its buyout proposal from Canadian Pacific Railway Limited (NYSE: CP) had been rejected. The latest news follows an earlier rejection of the takeover by the company's board of directors on December 4. Norfolk...
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Canadian Pacific Sends Another Takeover Bid To Norfolk Southern: What It Says
Tuesday, December 8, 2015 - 9:42am | 551Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) fell nearly 3 percent early Tuesday morning after the company confirmed it has received a revised and reduced takeover proposal from Canadian Pacific Railway Limited (USA) (NYSE: CP). Norfolk noted that CP's revised offer consists of a consideration of...
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Barron's Recap: Cat Fight Among The Telecoms
Sunday, November 9, 2014 - 7:47pm | 918Read More...This weekend in Barron's online: the cat fight among the big telecoms, the Barron's health and wealth roundtable, as well as the prospects for J.C. Penney, Norfolk Southern, Leucadia National, OM Group and more. Cover Story "Telecom's Cat Fight" by Tiernan Ray. While T-...
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Top Trending Tickers On StockTwits For January 22
Wednesday, January 22, 2014 - 10:57am | 878Read More...Here's a look at the top tickers trending on StockTwits.com: Coach: Iconic brand losing market share This morning Coach (NYSE: COH) released its second quarter results. The company reported an EPS of $1.06, missing the consensus estimate of $.11. Revenue declined 5.3 percent year over year at...
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Aetna and Other Stocks to Ride Out a Correction
Monday, May 6, 2013 - 11:46am | 898Read More...With the markets running at record highs, analysts on the institutional portfolio strategy team at Oppenheimer are on the lookout for stocks that are likely hold their ground even if the markets should see a correction. Stocks that have made the list include Aetna (NYSE: AET), Lam Research (NASDAQ...
