BNET Industries
Norfolk Southern Corp. (NSC) is in the Transportation Industry
- Revenue
- Dec 31 2007
- $9.4B
- Profit
- Dec 31 2007
- $1.4B
- Market Cap
- Sep 04 2008
- $24.9B
Latest News and Analysis
Transportation Stocks Deserve a Better Look
Investment U submits: Legend has it that Cornelius Vanderbilt began the family fortune with a $100 loan from his mother. He used the money to launch a ferry service across New York Harbor, which eventually turned into a fleet of more than 100 steamboats that traveled as far as...
Railway Stocks Haul Transportation ETF to Solid Returns
Don Dion submits: iShares Dow Jones Transport ETF IYT was up 14.5% year to date on Aug. 15—more than the fund returned during each of the last three calendar years, and among the top 25 of all 800-plus ETFs tracked by Morningstar. IYT invests in just 21...
Norfolk Southern's Pricing Power Drives Profits
Zacks.com submits: Norfolk Southern Corp. NSC has been able to leverage its strong pricing power in order to grow its profits, as seen by the company's recently reported strong second-quarter results. Analyst estimates continue to advance, and this stock is once again pressuring its 52-week high. Norfolk Southern...
Following Buffett's Railroad Tracks
Investment U submits: Warren Buffett is arguably the greatest value investor the world has ever seen. His investment holding company, Berkshire Hathaway (BRK.A), has averaged a compounded return of 21% a year since 1965. That turned every dollar into $400,863. By contrast, the same investment in the S&P 500...
A Leveraged Investment Vehicle for the Global Rail Industry
Mike Havrilla submits: click to enlarge image by Mike Havrilla
Norfolk Southern a Sell Based Solely on Valuation
Ockham Research submits: Ockham Research has turned negative on Norfolk Southern Corporation NSC largely on price concerns. At near $73 per share, NSC is well above glide slope and up 44% for 2008. Indeed, it has been one of the lone bright spots for the transports as most other...
Additional Resources
Norfolk Southern Foundation Awards $2.2 Million in First Half of 2008
NORFOLK, Va., Aug. 21 /PRNewswire-FirstCall/ -- Norfolk Southern Foundation -- the charitable giving affiliate of Norfolk Southern Corporation -- awarded grants worth nearly $2.2 million to nonprofit charitable organizations during the first half of 2008. The grants included $721,615 in employee and retiree matching gifts in support...
Strong Demand for Continuous Availability Solutions Drives xkoto's Growth in First Half of 2008
More organizations choosing GRIDSCALE and its database virtualization capabilities as alternative to traditional clustering WALTHAM, Mass. -- xkoto, the database virtualization company, today reported continued growth in the first half of 2008, as more businesses requiring continuous availability and scalability for business-critical applications chose GRIDSCALE over costly traditional...
Zacks Releases Four Powerful "Buy" Stocks: Green Mountain Coffee Roasters, Flowserve Corp., Norfolk Southern Corp. and Gulfport Energy Corporation
CHICAGO -- Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value....
Lowcountry Open Land Trust Announces Largest Conservation Gift in South Carolina History
Norfolk Southern Donates 12,488 Acres for Conservation Easement CHARLESTON, S.C., Aug. 4 /PRNewswire/ -- Some of the most ecologically significant land in the U.S. will be protected permanently from development through a conservation easement donated by Norfolk Southern to the Lowcountry Open Land Trust. The easement...
NICE Wins 7-digit Transportation Project From Norfolk Southern Corporation
Premiere Transportation Company Enhances Safety With Deeper Deployment of NICE Security Solutions RA'ANANA, Israel, July 30 /PRNewswire-FirstCall/ -- NICE Systems , the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced it has won a 7-digit follow-on project...
Dahlman Rose & Co. to Host 1st Annual Global Transportation Conference
NEW YORK, July 29 /PRNewswire/ -- Dahlman Rose & Co., LLC, a leading investment bank specializing in natural resource supply chain sectors, today announced the firm will host its 1st Annual Global Transportation Conference on September 10 - 11, 2008 in New York City. The conference will...
NTSB Determination Concerning 2006 Train Accident is Faulty, Says Norfolk Southern
NORFOLK, Va., July 25 /PRNewswire-FirstCall/ -- Norfolk Southern Railway Company said it strongly disagrees with the National Transportation Safety Board's determination of probable cause contained in its Accident Report released today for the New Brighton, Pa., derailment. The NTSB said that the Oct. 20, 2006, derailment was caused by...
Leasing, land deals bring some jobs back to E. Baltimore
At the height of its production in the late 1970s, the old General Motors assembly plant on Broening Highway employed 7,000 workers. By the time the plant was shuttered in 2005, it had stopped making cars altogether, focusing on vans and coaches, and...
Sen. Joe Bruno Announces Plans for $40 Million Rail Logistics Center in Saratoga Co., N.Y
Sen. Bruno commits $3 million in New York State funding to bring rail yard operations back to Saratoga County MECHANICVILLE, N.Y., July 8 /PRNewswire-FirstCall/ -- State Senator Joe Bruno (R-Brunswick) today announced that a new intermodal and automotive rail logistics center will be constructed...
Louisville & Indiana Railroad Reopens Main Line
JEFFERSONVILLE, Ind., July 8 /PRNewswire/ -- The Louisville & Indiana Railroad LIRC said it reopened its 106-mile main line on June 30 after floods, June 8, washed out track at six locations between Louisville, Ky. and Indianapolis, Ind., including a bridge near Rockford, Ind. The first...
Norfolk Southern to Host Second-Quarter 2008 Earnings Conference Call
NORFOLK, Va., July 1 /PRNewswire-FirstCall/ -- Norfolk Southern Corp. will present its second-quarter 2008 earnings at 9 a.m. EDT Wednesday, July 23, via teleconference and live Internet webcast. Norfolk Southern expects to issue its earnings results Tuesday, July 22, after the close of trading...
US railways join forces
NORFOLK Southern NS and Pan Am Railways PAR are to enhance the route from Albany, New York, to Boston, Massachusetts, in a bid to increase capacity and line speed. PAR will transfer its 248km line from Mechanicville to Ayer, as well as other secondary lines, while NS will...
Norfolk Southern
NORFOLK SOUTHERN--Frank Voyack named Director-Government Relations, Washington, D.C...
Agreement on Gary/Chicago International Airport expansion smoothes way in Indiana for CN's EJ&E acquisition
CN (TSX: CNR) (NYSE: CNI) said today a four-party preliminary memorandum of understanding PMOU on the rail line relocation required for the expansion of Gary/Chicago International Airport GCIA should resolve a key concern that had been raised in opposition to CN's proposed acquisition of the principal lines of...
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- Incorporated: 1980
- CEO: Mr. Charles W. Moorman IV
Norfolk Southern is engaged principally in the rail transportation business. Through its main subsidiary, Norfolk Southern Railway Company, Co. is primarily engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and, via interchange with rail carriers, to and from the rest of the U.S. Co. also transports overseas freight through several Atlantic and Gulf Coast ports. As of Dec 31 2007, Co.'s railroads operated approximately 21,000 miles of road in 22 eastern states and the District of Columbia.
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Norfolk Southern Corp. Company Info
Board of Directors
Mr. Charles W. Moorman IV
Chairman
Mr. Burton M. Joyce
Mr. Gerald L. Baliles
Mr. Gene R. Carter
Dr. Karen N. Horn Ph.D.
Admiral J. Paul Reason
Mr. Daniel A. Carp
Mr. Steven F. Leer
Mr. Alston D. Correll
Mr. Landon Hilliard
Contact Information
Three Commercial Place
Norfolk, VA
757 629-2680