诺福克南方(NSC)
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Statement regarding investigation of alleged misconduct
Prnewswire· 2024-09-09 11:37
文章核心观点 - 诺福克南方公司(Norfolk Southern Corporation)董事会已经就公司CEO Alan Shaw涉嫌违反公司道德准则和公司政策的指控展开调查 [1] - 公司对所有员工都有最高标准的要求,并根据行为准则和公司政策对任何不当行为进行彻底调查,员工可以通过道德与合规热线匿名举报 [1] - 董事会审计委员会已经聘请律师事务所进行独立调查,并承诺对所有相关事实进行彻底可靠的审查,在调查完成前公司和董事会不会作进一步评论 [1] 公司概况 - 诺福克南方公司及其前身公司自1827年起就一直安全地运输推动美国经济发展的货物和材料 [2] - 公司目前运营以客户为中心、以运营为驱动的货运运输网络,致力于可持续发展,帮助客户每年减少1500万吨碳排放 [2] - 公司拥有专业的团队成员,每年装卸超过700万个车厢,涵盖农业到消费品等各个领域,是美国东部最大的铁路公司之一 [2] - 公司拥有最广泛的铁路网络,覆盖美国大部分人口和制造业基地,连接大西洋沿岸和墨西哥湾以及大湖区的主要港口 [2]
Norfolk Southern (NSC) Inks Provisional Labor Deals With Unions
ZACKS· 2024-08-26 23:30
Norfolk Southern (NSC) , in partnership with BNSF Railway, inked provisional, five-year collective bargaining agreements with multiple labor unions. The tentative deals with the Brotherhood of Railway Carmen Division/TCU, the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department and the Transportation Communications Union/IAM have been inked four months prior to the commencement of the next collective bargaining round. NSC has also inked tentative agreements ...
2 Railroad Stocks With Solid Dividend Yield You May Count On
ZACKS· 2024-08-23 23:20
Prospects of Zacks Transportation - Rail industry's participants are being weighed down by challenges like inflation-induced elevated interest rates, concerns pertaining to supply-chain disruptions and the slowdown of economic growth. Most industry players are looking to drive their bottom line amid the headwinds through cost reduction. Partly due to these headwinds, the industry has declined 1.8% so far this year, underperforming the S&P 500 Index's 17.9% appreciation. The broader Zacks Transportation sect ...
Norfolk Southern assembles Transportation leadership to accelerate operational excellence
Prnewswire· 2024-08-08 00:58
Tim Livingston joins as Senior Vice President Transportation as COO John Orr establishes operations leadership team ATLANTA, Aug. 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has appointed three industry veterans with precision scheduled railroading (PSR) experience to lead its Transportation team, reporting to Chief Operating Officer John Orr. Tim Livingston joins Norfolk Southern as Senior Vice President Transportation and Network Operations. Reporting to Livingston will be Rodney Moor ...
Norfolk Southern names Anil Bhatt chief information and digital officer
Prnewswire· 2024-08-06 23:00
ATLANTA, Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) is elevating the power of technology and innovation to drive its transformative, balanced strategy as it brings onboard Anil Bhatt, a technology leader recognized for pioneering cutting-edge solutions to advance and shape the direction of enterprises. Bhatt will serve as executive vice president and chief information and digital officer, reporting to President and CEO Alan Shaw. Norfolk Southern's focus on technology has advanced safety and ...
Norfolk Southern to make strategic investments in Alabama
Prnewswire· 2024-08-02 01:00
Significant capacity improvements will enhance critical rail corridor, open additional opportunities for statewide business and economic growth ATLANTA, Aug. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is investing to grow capacity on a key rail line in the state of Alabama, the 3B Corridor, which connects markets in northern and central Alabama to the Port of Mobile and destinations worldwide. The more-than $200 million investment positions the line to accommodate expected growth in se ...
What's Next For Norfolk Southern Stock After A Q2 Earnings Beat?
Forbes· 2024-07-31 20:00
NSC stock has seen little change, moving from levels of $240 in early January 2021 to around $250 now, vs. an increase of about 45% for the S&P 500 over this period. However, the increase in NSC stock has been far from consistent. Returns for the stock were 27% in 2021, -16% in 2022, and -2% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that NSC underperformed the S&P in 2023. Norfolk Southern's revenue of $3.04 billion in Q2 was up 2% y-o- ...
Norfolk Southern awards over 100 scholarships to team members' children
Prnewswire· 2024-07-29 22:00
Alabama: 8 Florida: 1 Georgia: 19 Illinois: 7 Indiana: 5 Kentucky: 3 Louisiana: 1 Michigan: 2 Virginia: 9 Company's Thoroughbred Scholars Program has awarded over $1.4M since 2022 ATLANTA, July 29, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced the return of its Thoroughbred Scholars program, providing college scholarships to more than 100 children of Norfolk Southern employees. The program awards 100 scholarships for up to $10,000 over four years, along with three additional schola ...
Norfolk Southern (NSC) Stock Up Almost 7% on Q2 Earnings Beat
ZACKS· 2024-07-27 02:01
Notably, the second quarter witnessed the impact of the Eastern Ohio incident, which included insurance recoveries that were greater than the costs incurred in the quarter. Liquidity & Buyback NSC did not repurchase any shares under its stock repurchase program in the second quarter of 2024. JBHT's total operating revenues of $2.93 billionmissed the Zacks Consensus Estimate of $3.03 billion and fell 7% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 6% year over year.The dow ...
Norfolk Southern(NSC) - 2024 Q2 - Quarterly Report
2024-07-26 19:24
营业利润率和财务表现 - 2024年第二季度公司的营业利润率为62.8%,调整后营业利润率为65.1%[170] - 2024年前六个月公司的调整后营业利润率为67.5%[178] - 2024年第二季度公司的净利润和每股收益分别增长107%和108%[164] - 2024年前六个月公司的净利润和每股收益分别下降4%和11%[184] 收入和运量 - 2024年第二季度公司的收入增长2%,主要由于运量增加[175] - 2024年前六个月公司的收入下降1%,主要由于运输组合不利、燃料附加费收入下降和中转存储收入下降[185] - 公司营业收入在第二季度增加6400万美元,但在前六个月下降6400万美元[187] - 商品运输收入增加是由于平均每单位收入上升,主要受价格上涨推动,部分被燃料附加费收入下降和运量增加所抵消[192] - 农产品、林产品和消费品运量下降是由于玉米、化肥、乙醇和食用油下降所致,部分被饲料运量增加所抵消[193] - 化学品运量在第二季度增加但在前六个月下降,有机化学品和塑料运量在两个期间均有增加,但石油产品和原油运量下降[194] - 金属和建筑材料运量在两个期间均有增长,主要由于骨料需求增加[195] - 汽车运量在两个期间均有增长,主要由于需求增加,部分被制造商停产和质量问题所抵消[196] - 国内集装箱运量增加是由于现有客户增长和服务改善,部分被对优质和零担货运需求下降所抵消[200] - 煤炭运量下降主要是由于冶金煤和工业煤需求下降[204] 成本和费用 - 购买服务费用在两个期间均有所上升,主要是由于与业务量相关的费用增加、运营和运输费用上升以及技术相关成本增加[210] - 燃料费用在两个期间均有所下降,其中第二季度机车燃料消耗量下降2%,而前六个月保持平稳,机车燃料价格第二季度上涨1%但前六个月下降6%[211] - 材料和其他费用在两个期间均有所下降,其中材料费用上升5%和6%,索赔费用下降17%和14%,其他费用下降46%和19%[212,213] - 公司在2024年前六个月确认了9600万美元的重组和其他费用,主要与自愿和非自愿裁员计划以及新任首席运营官的相关费用[214] 其他财务指标 - 2024年6月30日公司的债务资本比率为57.5%,较2023年12月31日的57.3%略有上升[227] - 公司预计现金流和现有借款能力可以满足持续经营需求,并有能力减少股东分配以获得额外灵活性[227] - 公司已与俄亥俄州集体诉讼原告达成6亿美元和解协议,预计今年底前可以开始向原告支付赔付款[227] 其他重要事项 - 公司在2024年上半年执行了旨在为客户提供优质服务、提高生产力和改善营业利润率的举措[161] - 公司继续履行应对东俄亥俄州事故的承诺,为受影响社区做出补救[161] - 公司致力于成为更高效、更有弹性和更高效的铁路公司,同时实现行业竞争性利润率[161] - 2024年第二季度公司从东俄亥俄州事故中获得的保险赔付超过了相关费用6500万美元,而2023年同期净支出为4.16亿美元[215] - 2024年第二季度和前六个月的有效税率分别为21.9%和18.9%,低于2023年同期的23.1%和22.1%,主要由于税率变化和子公司重组带来的递延所得税收益[217,218]