$NSC (Norfolk Southern Corporation)

$NSC {{ '2016-03-03T15:37:44+0000' | timeago}} • SEC

$NSC's net income for 2015 fell by 22% from last year. The decrease reflected lower income from railway operations, primarily due to decline in railway operating revenues as a result of lower average revenue per unit, on reduced fuel surcharge revenues offset in part by price increases, and depressed coal volumes.

$NSC {{ '2017-10-25T21:13:41+0000' | timeago}} • Infographic

$NSC Norfolk Southern Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$NSC {{ '2017-10-04T14:07:50+0000' | timeago}} • Announcement

$NSC's BoD appointed Fredric Ehlers as chief information officer, effective immediately. In this new role, Ehlers will continue serving as VP information technology, a position he has held since 2013. Ehlers, based in Atlanta, also will continue reporting to Cynthia Earhart, EVP finance and CFO, who previously served as CIO.

$NSC {{ '2017-09-27T12:30:55+0000' | timeago}} • Announcement

$NSC's BoD has authorized the repurchase of an additional 50MM shares of its common stock through Dec. 31, 2022. Since the inception of the program in 2006, the total number of shares repurchased rose from 175MM to 225MM.

$NSC {{ '2017-08-15T13:26:58+0000' | timeago}} • Announcement

$NSC announced the pricing of its offers to certain eligible holders to exchange outstanding debt securities for cash and up to $750MM aggregate principal amount of its new notes due 2052. It will pay interest on the new notes at a rate per annum equal to 4.050%, and an aggregate of $9.6MM cash consideration, including accrued and unpaid interest.

$NSC {{ '2017-08-14T22:02:24+0000' | timeago}} • Announcement

$NSC has appointed Cynthia C. Earhart as EVP and CFO, effective Aug. 15, 2017. Earhart succeeds Thomas E. Hurlbut, VP and Controller, who served as interim CFO since Aug. 1, 2017, following the retirement of Marta R. Stewart.

$NSC {{ '2017-07-19T13:27:51+0000' | timeago}} • Announcement

$NSC plans to consolidate its Central Division headquarters operations in Knoxville into three surrounding divisions, effective on or about Nov. 1, 2017. Dispatching responsibilities will be divided among operating divisions headquartered in Birmingham, Ala., Decatur, Ill., and Fort Wayne, Ind. This will affect about 50 employees.

$NSC {{ '2017-04-26T19:15:49+0000' | timeago}} • Webcast

$NSC stated that on the potential track reduction opportunities, the company is not seeing large pieces of the network coming out from a line standpoint. The company has got a network reach which is good for its customers. Consequently, one won't see big chunks of the railroad coming out, but cost will come out.

$NSC {{ '2017-04-26T18:37:44+0000' | timeago}} • Webcast

$NSC saw consistent pricing in 1Q17 with a year ago and the company is confident that it can drive good revenue complementing its network at low incremental cost. $NSC is continuing to see pressure in the trucking environment and is getting some significant competitive rate increases in its expert coal franchise.

$NSC {{ '2017-04-26T15:43:04+0000' | timeago}} • Announcement

$NSC said EVP and CFO Marta Stewart intends to retire effective Aug. 1, 2017. $NSC has initiated a comprehensive search to identify its next CFO and will consider both internal and external candidates with the assistance of an executive search firm.

$NSC {{ '2017-04-26T12:55:02+0000' | timeago}} • Announcement

Railroad operator $NSC reported a 12% jump in its 1Q17 earnings  to $433MM from $387MM during 1Q16, mainly due to 7% rise in income from railway operations, as well as a lower effective income tax rate. Diluted EPS rose 15% YoY to $1.48 from $1.29. Railway operating revenues rose 6% YoY to $2.6Bil.

$NSC {{ '2017-03-09T13:53:36+0000' | timeago}} • Announcement

$NSC announced that Conrail named VP Timothy Tierney as new president and COO, effective April 1, 2017. Tierney succeeds Ronald Batory, who is retiring.

$NSC {{ '2017-02-15T12:32:59+0000' | timeago}} • Announcement

$NSC opened a new locomotive maintenance and repair facility in Chicago to enhance operational efficiency for trains moving through the nation’s largest rail hub. The company’s $9.5MM investment expands $NSC's locomotive repair capabilities in the Chicago region.

$NSC {{ '2017-01-25T17:47:52+0000' | timeago}} • Webcast

For 2016, $NSC’s cash flow from operations totaled $3Bil, covering Capex and generating $1.1Bil in free cash flow. Returns to shareholders in 2016 totaled $1.5Bil through $700MM of dividends and $800MM in share repurchases. The BoD increased the quarterly dividend to $0.61 a share, a 3% increase.

$NSC {{ '2017-01-25T17:27:06+0000' | timeago}} • Webcast

$NSC's merchandise revenue per unit increased 2% in 4Q16. Intermodal revenue per unit, excluding Triple Crown and fuel, increased 1%. Coal revenue per unit, excluding fuel, declined 2% with positive price improvement offset by negative mix related to reduced volume to longer-haul Southern utilities and increased export volume via Baltimore.

$NSC {{ '2017-01-25T17:18:50+0000' | timeago}} • Webcast

During 4Q16, $NSC’s merchandise revenue was affected by the ongoing decline of crude oil volumes. Overall revenue per unit declined 3% in 4Q16 as positive pricing was offset by mix associated with increased intermodal and decreased coal volume. Revenue per unit, excluding fuel, increased for both merchandise and intermodal.

$NSC {{ '2017-01-25T13:29:02+0000' | timeago}} • Announcement

$NSC said that it has planned to invest $1.9Bil in 2017 to maintain the safety of its rail network, enhance service, improve operational efficiency, and support growth opportunities, which is consistent with the total capital investment of $1.9Bil in 2016.

$NSC {{ '2017-01-25T13:27:00+0000' | timeago}} • Announcement

For 4Q16, $NSC's general merchandise revenue fell 1% and volume fell 3%. Coal revenue declined 7% and volume fell 4%. However, intermodal revenue grew 4% with 7% gain in volume.

$NSC {{ '2017-01-25T13:22:48+0000' | timeago}} • Announcement

Railroad operator $NSC reported a 15% YoverY jump in 4Q16 earnings to $416MM, or $1.42 per diluted share. Railway operating revenue fell 1% YoverY to $2.5Bil, reflecting lower merchandise and coal traffic volume, as well as reduced fuel surcharges.

$NSC {{ '2017-01-25T11:56:32+0000' | timeago}} • Announcement

$NSC appointed Jerry Hall as VP mechanical, Atlanta and Karol Lawrence as VP network and service management, Atlanta. These appointment are effective March 1, 2017. $NSC announced retirement of Donald Graab as VP mechanical, Atlanta and Frank Brown as assistant VP corporate communications, Norfolk.

$NSC {{ '2017-01-25T11:54:24+0000' | timeago}} • Announcement

$NSC appointed Thomas Werner as VP corporate communications and chief sustainability officer, Norfolk. Jake Allison, Jr., has been named VP and treasurer, Norfolk. Susan Stuart has been hired as VP audit and compliance, Atlanta. Bruno Maestri is appointed as VP government relations, Washington. These appointment are effective Feb. 1, 2017.

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