$NSC (Norfolk Southern Corporation)

$NSC {{ '2016-03-03T15:29:18+0000' | timeago}} • SEC

In 2015, 124MM tons of general merchandise freight, or 62% of tonnage $NSC handled, originated on lines. The balance of general merchandise freight was received from connecting carriers at interterritorial gateways. General merchandise carloads handled in 2015 were 2.5MM, revenues from which accounted for 60% of railway operating revenues.

$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.

$NSC {{ '2016-11-29T11:48:41+0000' | timeago}} • Announcement

$NSC elected Mitchell Daniels Jr. and Marcela Donadio as directors, effective Nov. 28, 2016. Daniels has been appointed to the Compensation Committee and the Governance and Nominating Committee of $NSC's board. Donadio has been appointed to the Finance and Risk Management Committee and the Audit Committee of the company's board.

$NSC {{ '2016-10-26T16:23:43+0000' | timeago}} • Webcast

$NSC expects volumes in 4Q16 to be flat or increase modestly YoverY. In mid-November, the company will cycle the impact of Triple Crown Services. $NSC expects a lower YoverY fuel surcharge revenue decline. The company also expects an YoverY service-driven growth within Intermodal.

$NSC {{ '2016-10-26T16:11:11+0000' | timeago}} • Webcast

$NSC said energy prices improved in 3Q16 but remained below last year’s levels and negatively influenced fuel surcharge revenue and several merchandise commodities including crude oil and natural gas products. The agriculture commodity group was impacted by reduced wheat and corn volume compared to 2015.

$NSC {{ '2016-10-26T13:10:58+0000' | timeago}} • Announcement

$NSC's Intermodal revenues for 3Q16 fell by 7% from last year. Volume declined by 1% due to lower Triple Crown Services volume, a result of last year's restructuring. Coal revenues dropped 18% as above-normal stockpiles and low natural gas prices combined to decrease volume by 15%.

$NSC {{ '2016-10-26T13:08:03+0000' | timeago}} • Announcement

$NSC's general merchandise revenues for 3Q16 declined by 4% from the previous year quarter. Volume declined 4%, due to fewer crude oil, vehicles, pulpboard and feed market shipments. Revenue declined in three of its five business groups.

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