Norfolk Southern Sees Lower Q2 Earnings Due to Pandemic
Norfolk Southern beat Wall Street’s expectations when the Class I railroad reported second-quarter earnings July 29.
Norfolk Southern’s Net Income, Revenue Decline
Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter.
Norfolk Southern 2Q Profit up 2% Despite Weaker Volume
Norfolk Southern Corp.’s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping rates.
July 24, 2019Norfolk Southern Breaks Ground on Atlanta HQ
Railroad giant Norfolk Southern held a ceremonial turning of dirt March 26 to mark construction of the company’s new Midtown Atlanta headquarters, but the process of moving personnel from Virginia to Atlanta already is underway.
Port Authority in Pittsburgh Seeks $3 Million From Norfolk Southern for Derailment Costs
The Port Authority of Allegheny County in Pennsylvania is asking Norfolk Southern Corp. for $3 million to reimburse costs incurred during the August derailment at Station Square that disrupted light rail traffic for nearly three weeks.
Norfolk Southern Confirms HQ Move to Atlanta
Norfolk Southern Corp. on Dec. 12 announced officially what had been expected for some time: that it will move its corporate headquarters from Norfolk, Va., to Atlanta.
Norfolk Southern Reports Record 2Q Earnings
Norfolk Southern Corp. on July 25 reported record second-quarter earnings.