Most of my articles are about "big picture" developments. I'm not only doing this to use them as a foundation for stock picks but also because I believe that discussing major developments is sometimes more important than discussing individual stock picks. I also want to provide value for people who may not like my stock picks to have info for their own stock selection. Some big-picture developments we have frequently discussed are (some more than others): The energy bull case. Artificial intelligence. A top ...

If you are a long-term NSC shareholder and have questions about your legal rights in connection with our investigation, please contact us at the following link to discuss your options at no charge: MONSEY, N.Y., June 26, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into whether the officers and directors of Norfolk Southern Corporation (NYSE: NSC) ("NSC") breached their fiduciary duties under Delaware law in connection with the fiery train derailment in East Pal ...

Core Viewpoint - Norfolk Southern Corporation is taking proactive measures to enhance safety protocols and respond to the National Transportation Safety Board's (NTSB) recommendations following a derailment incident in East Palestine, Ohio, emphasizing the importance of community health and safety [1][11]. Safety Measures and Recommendations - The company has enabled immediate availability of train consist information to first responders and is encouraging contractors to share information for emergency response decisions [1] - Norfolk Southern's mainline accident rate declined by 38% last year, achieving industry-leading levels due to substantial actions taken in response to the Federal Railroad Administration's (FRA) recommendations [1] - A Vent and Burn Workgroup will be established to integrate key learnings for future scenarios where similar actions may be necessary, as part of the company's DOJ/EPA Consent Decree [7] Vent and Burn Procedure - A controlled vent and burn was recommended as the only option to protect the community from a potential catastrophic explosion, guided by specialized firms certified to respond to vinyl chloride emergencies [4] - The recommendation was made approximately 20 hours before the final decision, with expert contractors preparing for the operation [6] - The vent and burn effectively avoided a potential uncontrolled explosion, with no loss of life and managed environmental impact [17] Community Commitment and Environmental Remediation - The company has made significant progress in environmental remediation, including the removal of impacted soil and investing over $5 million to overhaul the municipal water system with advanced technology [8][23] - Robust sampling programs under EPA oversight have consistently shown that air and water around the derailment site are safe [20] - Norfolk Southern is committed to ensuring the recovery and thriving of East Palestine and the surrounding community, continuously updating progress on their initiatives [21]

Norfolk Southern and FRA worked closely together throughout the implementation of the responsive action items. The company provided frequent updates to FRA on its progress, which included briefings by Shaw to FRA Administrator Amit Bose and his senior leadership team. 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 customer-centric and operations-driven freight transportation networ ...

ATLANTA, June 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will convene a Vent and Burn Workgroup to integrate key learnings for the betterment of any future scenario where a vent and burn may be necessary. The Workgroup, which is an element of Norfolk Southern's recent settlement with the Department of Justice and Environmental Protection Agency, will be composed of leaders from across stakeholder groups who have a role to play in responding to rail accidents. Conceived as part of the ...

LOS ANGELES, June 20, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE: NSC) for potential breaches of fiduciary duty on the part of its directors and management. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. If you are a shareholde ...

ATLANTA, June 17, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) released a 2024 Midyear Safety Report, highlighting substantial advancements to enhance railroad safety. Norfolk Southern is committed to keeping our employees and communities safe. Our progress to become the gold standard of safety is the direct result of engaging employees, safety advisors, customers and communities — all to further the company's safety culture. Safety culture is about vigilance and continuous improvement and ...

Norfolk Southern (NSC) is hurt by weak freight conditions. Inflation-related woes have dented consumer demand for goods, in turn, affecting freight volumes hauled by rail. Supply-chain disruptions and slower network velocity are further challenges confronting the company. Let's delve deeper. We are impressed by Norfolk Southern's efforts to reward its shareholders through dividends and buybacks. In 2023, the company returned $1.847 billion to shareholders. In January 2023, the company's board announced a 9% ...

On April 9, 2024, NSC agreed to a $600 million settlement that will pay class action claims within a 20-mile radius of the accident and personal injury claims within a 10-mile radius. If you are a long-term NSC shareholder and have questions about your legal rights in connection with our investigation, please contact us at the following link to discuss your options at no charge: Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com. Contact: Wohl & Fruchter LLP ...

Francesca A. DeBiase to serve as chair of Governance and Nominating Committee Richard H. Anderson to serve as chair of Human Capital Management and Compensation Committee ATLANTA, May 28, 2024 /PRNewswire/ -- Norfolk Southern Corporation's (NYSE: NSC) Board of Directors has unanimously appointed Claude Mongeau, former CEO of Canadian National Railway Company, as the independent chair of the board, effective immediately. Mongeau will serve as chair of the Executive Committee and resign from his positions on ...