The Norfolk Southern Railway (NSC) (reporting mark NS) is a Class I railroad in the United States, owned by the Norfolk Southern Corporation. With headquarters inNorfolk, Virginia, the company operates over 22,000 route miles in 22 eastern states, the District of Columbia, and has rights in Canada from Buffalo to Toronto and over the Albany to Montreal route. The most common commodity hauled on the railroad is coal from mines in Indiana, Kentucky,Pennsylvania, Tennessee, Virginia, and West Virginia. The railroad also offers the most extensive intermodal network in eastern North America. The current system was formed in 1982 with the creation of the Norfolk Southern Corporation, a holding company for the Southern Railway and Norfolk & Western Railway. On December 31, 1990, the two systems were merged into the Norfolk Southern Railway. In 1999, the system grew substantially with the acquisition of over half of Conrail. Together Norfolk Southern Railway and CSX Transportation have a duopoly over all east-west freight rail traffic east of the Mississippi River. As of October 1, 2014 Norfolk Southern Railway's total public stock value was slightly over $34.5 billion.
Norfolk Southern reports strong first-quarter 2016 results PR Newswire "Press Releases US - English" NORFOLK, Va., April 21, 2016 /PRNewswire/ -- FIRST-QUARTER 2016 RESULTS Railway operating revenues totaled $2.4 billion, down 6 percent year-over-year. Railway operating expenses were $1.7 billion, down 13 percent year-over-year on the 2 percent reduction in traffic volumes. Income from railway operations was $723 million, up 19 percent year-over-year. Net income was $387 million, up 25 percent year-over-year. Diluted earnings per share were $1.29, up 29 percent year-over-year. Railway operating ratio was 70.1 percent, an improvement of 8 percent over the prior year and a Norfolk Southern first-quarter record. Norfolk Southern Corporation (NYSE: NSC) today reported financial results for first-quarter 2016. Net income for the quarter was $387 million, 25 percent higher compared with $310 million during the same period of 2015. Diluted earnings per share were $1.29, up 29 percent compared with $1.00 diluted earnings per share in the first quarter last year.
Reported before open today (10/26/16) Earnings: EPS $1.55 Revenue $2.52B Estimates: EPS $1.45 Revenue $2.52B Down 3.47% today
