Latest news with #NorfolkSouthernCorporation
Yahoo
6 days ago
- Business
- Yahoo
Norfolk Southern to present at 2025 Wells Fargo Industrials and Materials Conference
ATLANTA, June 4, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr and Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the 2025 Wells Fargo Industrials and Materials Conference. Details on how to listen to the discussion follow below. What: 2025 Wells Fargo Industrials and Materials ConferenceWhen: Tuesday, June 10, 2025 at 11:15 a.m. ETWhere: Via Webcast The presentation will be posted at on the Investors page. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting View original content to download multimedia: SOURCE Norfolk Southern Corporation
Associated Press
03-06-2025
- Business
- Associated Press
Claude Mongeau resigns as chair of Norfolk Southern Board
New chair to be elected at the next scheduled meeting of the Board of Directors ATLANTA, June 3, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced Chairman Claude Mongeau has resigned from the Board of Directors this week for personal reasons. The board will elect a new chair at its next scheduled meeting later this month. 'We are deeply grateful for Claude's leadership over the past six years,' said Norfolk Southern President and CEO Mark R. George. 'He has put outsized time and effort into his service as the company navigated several challenges, ultimately stepping up as chair last year to successfully integrate our new board. He leaves Norfolk Southern a much stronger railroad than it was when he joined us.' 'I am proud of the way the current board has come together to work collaboratively and constructively alongside the management team,' Mongeau said. 'It has been an honor to serve with them. I have every confidence the company is back on the right trajectory and has what it needs for continued success.' Mongeau has served as an independent director on the Norfolk Southern Board of Directors since September 2019 and was elected chair in May 2024. He served as president and chief executive officer of Canadian National Railway Company (CN), a North American railroad and transportation company, from January 2010 to June 2016 and as a director of CN from October 2009 to June 2016. During his 22-year career at CN, he also served as executive vice president and chief financial officer and vice president strategic and financial planning. Mongeau currently serves as a director of Cenovus Energy. About Norfolk Southern Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting View original content to download multimedia: SOURCE Norfolk Southern Corporation
Yahoo
16-05-2025
- Business
- Yahoo
Norfolk Southern to present at Wolfe Research 18th Annual Global Transportation & Industrials Conference
ATLANTA, May 16, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Wolfe Research 18th Annual Global Transportation & Industrials Conference. Details on how to listen to the discussion follow below. What: Wolfe Research 18th Annual Global Transportation & Industrials ConferenceWhen: Tuesday, May 20, 2025 at 11 a.m. ETWhere: Via Webcast The presentation will be posted at on the Investors page. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and Norfolk Southern originates more automotive traffic than any other Class I Railroad. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports in the Gulf Coast and Great Lakes. Learn more by visiting View original content to download multimedia: SOURCE Norfolk Southern Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Norfolk Southern to present at Wolfe Research 18th Annual Global Transportation & Industrials Conference
ATLANTA, May 16, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Wolfe Research 18th Annual Global Transportation & Industrials Conference. Details on how to listen to the discussion follow below. What: Wolfe Research 18th Annual Global Transportation & Industrials ConferenceWhen: Tuesday, May 20, 2025 at 11 a.m. ETWhere: Via Webcast The presentation will be posted at on the Investors page. About Norfolk SouthernSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and Norfolk Southern originates more automotive traffic than any other Class I Railroad. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports in the Gulf Coast and Great Lakes. Learn more by visiting View original content to download multimedia: SOURCE Norfolk Southern Corporation Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Norfolk Southern Corporation (NSC): Among The Best Railroad Stocks To Buy According To Billionaires
We recently published a list of . In this article, we are going to take a look at where Norfolk Southern Corporation (NYSE:NSC) stands against other best railroad metals stocks to buy according to billionaires. The trade war initiated by President Trump will force freight railroads to position themselves for the chain reaction. Tariffs on Mexico, Canada, China, and Europe will set in and shake up the trade network. In 2024 alone, American railroads moved $203.1 billion worth of goods across the Canadian and Mexican borders. The rail sector remains a vital economic engine, generating $233.4 billion in output and supporting approximately 750,000 jobs in 2023. At the same time, railroads also demonstrated their commitment to long-term growth by reinvesting $26.8 billion into infrastructure last year. While much of the attention has been on autos and consumer goods, chemicals are a critical piece of the puzzle. The United States exported over $28 billion in chemicals to Canada last year and imported around $25 billion, making Canada the top supplier of chemical imports. Canada also plays a strategic role in the US critical minerals supply chains, EV battery production, and energy imports, including crude oil, natural gas, and electricity. Industry experts warn that new tariffs could drive up costs across sectors, from chemicals used in drinking water treatment to construction materials like lumber, creating potential inflationary pressure. Despite the risks, Wall Street remains cautiously optimistic. Analysts believe the supply chain could adapt, especially for goods like lumber that already face steep tariffs. Early signs suggest the administration is moving deliberately, giving companies time to adjust strategies. Railroads and freight remain central players, particularly with Mexico's auto exports, 70% of which move by rail, and chemicals are heavily reliant on cross-border logistics. Longer term, a trade war could test the strength of USMCA relationships and ripple across North American supply chains, but for now, businesses are preparing while the administration signals a phased approach. In November 2024, Joe Hinrichs, CEO of a leading US rail company, shared an insight with CNBC's Jim Cramer that still holds true today: 'From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere. If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it.' Warren Buffett is a major investor in the railroad industry and has commented that the railroad industry, including BNSF, is a "better business now" than it was in the past. With that outlook in mind, let's take a look at some of the best railroad stocks that billionaires are piling into. A bird's eye view of a long freight train rumbling along the tracks. For this article, we focused on making a list of all railroad and railcar stocks publicly listed in the United States. Using Insider Monkey's Q4 2024 database, we examined billionaire sentiment for each stock and selected the 10 most popular ones. The stocks are ranked in ascending order based on the number of billionaire investors as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Investors: 13 Stake Value of Billionaire Holdings: $503,643,336 Norfolk Southern Corporation (NYSE:NSC) is an American railroad company that provides freight services for a wide range of goods, including agricultural products, chemicals, construction materials, metals, coal, and automotive parts. On February 24, Benchmark maintained a Buy rating on NSC and a $265 price target. The analysts noted that the company reaffirmed its full-year outlook, expecting 3% revenue growth and improved operating ratios. They have also made progress in controlling costs, with $55 million in productivity gains so far. Norfolk Southern Corporation (NYSE:NSC) reported strong Q1 2025 results with revenue of $3 billion and earnings per share of $3.31. After adjusting for the Eastern Ohio incident, operating income came in at $961 million, the operating ratio was 67.9%, and EPS was $2.69, reflecting an 8% increase from last year. On April 22, the company announced a quarterly dividend of $1.35 per share, which will be paid on May 20, to shareholders on record by May 2. This marks 171 consecutive quarters of dividend payments since the company's inception in 1982. According to Insider Monkey's Q4 data, Norfolk Southern Corporation (NYSE:NSC) was part of 13 billionaire portfolios. Billionaire Ken Fisher holds a $228.65 million stake in the company. Overall, NSC ranks 5th among the best railroad stocks to buy according to billionaires. While we acknowledge the potential of NSC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NSC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
