Significant momentum underway in key operational metrics including train speed, terminal dwell, Intermodal on-time service and Merchandise velocity Strong management and board oversight in place to meet company objectives Norfolk Southern urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today ATLANTA, May 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Wednesday sent a letter to shareholders in connection with its Annual Meeting o ...

4FR Investment Thesis Norfolk Southern (NYSE:NSC) had a tough start to FY24 with their most recent Q1 results seeing the railroad generate lacklustre returns from their operations. While significant one-off costs associated with the mediation for a derailment that occurred in 2023 placed a real damper on net income, Norfolk also struggled to control operating costs all the while revenues contracted slightly YoY. This has degraded the value proposition of the railroad's stock with shares currently tradin ...

Endorses Alan Shaw's leadership and reflects support for company's strategy Recommendation against Jim Barber makes clear that management change is unwarranted Recommendation overlooks the significant expertise and valuable skill sets of nominees Amy Miles, Mary Kathryn "Heidi" Heitkamp, Thomas Kelleher, Jennifer Scanlon, and John Thompson Norfolk Southern urges shareholders to vote "FOR" ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy card today ATLANTA, April 30, 2024 /PRNewswire/ ...

Influential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing him as a "credible director and CEO candidate nonetheless."ISS' endorsement comes one day after Glass Lewis endorsed most of activist investor's slate of nominees and days after two unions came out in support of Ancora's proposed management team.The proxy advisor recommended shareholders suppor ...

A Norfolk Southern train is en route on Feb. 14, 2023 in East Palestine, Ohio. Earlier in the month a derailment sent millions of pounds of toxic chemicals into the environment and forced thousands of people to evacuate.Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees."We believe Ancora has presented ...

ATLANTA, April 25, 2024  /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr will participate in a fireside chat with Tom Wadewitz of UBS. During the conversation, Orr will discuss the operational enhancements underway at Norfolk Southern that are safely increasing productivity and enhancing service. Since joining Norfolk Southern, Orr and the Operations team have successfully: Improved Terminal Dwell by 8% Improved Car Miles per Day by 8% ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Commission File Number: 1-8339 NORFOLK SOUTHERN CORPORATION (Exact name of registrant as specified in its charter) Virginia 52-1188014 (State or o ...

Norfolk Southern Corporation’s (NSC) first-quarter 2024 earnings of $2.49 per share fell short of the Zacks Consensus Estimate of $2.58 and declined 25% year over year. Results were hurt by high costs.Railway operating revenues were $3,004 million in the quarter under review, lagging the Zacks Consensus Estimate of $3,030.2 million. The top line decreased 4% year over year, with all key segments, including Merchandise, Intermodal and Coal, registering deterioration in revenues.Overall volumes increased 4%. ...

For the quarter ended March 2024, Norfolk Southern (NSC) reported revenue of $3 billion, down 4.1% over the same period last year. EPS came in at $2.49, compared to $3.32 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.03 billion, representing a surprise of -0.87%. The company delivered an EPS surprise of -3.49%, with the consensus EPS estimate being $2.58.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

EXHIBIT 99.3 See accompanying notes to consolidated financial statements. Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) | | | | First Quarter | | | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | | | | (in millions, except per share amounts) | | | Railway operating revenues | | | | | | Merchandise | $ | 1,863 | $ | 1,878 | | Intermodal | | 745 | | 814 | | Coal | | 396 | | 440 | | Total railway operating revenues | | 3,004 | | 3,132 | | Railway operating ex ...