|Bid||139.93 x 200|
|Ask||189.00 x 100|
|Day's Range||171.72 - 174.65|
|52 Week Range||126.40 - 186.91|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||8.24|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||3.20 (1.88%)|
|1y Target Est||188.77|
Georgia's nearly $2 billion bid for Amazon.com Inc.'s second headquarters imagined in detail how HQ2 would transform Midtown, South Downtown, Old Fourth Ward and the Westside near the Bellwood Quarry. Another $161 million was offered for an “Amazon Academy of Georgia.” As for the local contribution, incentives totaled more than $87 million, including a $25 million grant.
Norfolk Southern, Emerson Electric and LyondellBasell are among the non-energy companies with relatively high correlations to the price of oil.
Strong demand for air travel boosts LATAM Airlines' (LTM) October traffic. However, load factor declines as capacity expansion outpaces traffic growth.
SkyWest (SKYW) posts decline in October block hours, which is in sync with fleet transition plans. Also, fall in load factor is a concern.
A Norfolk Southern team is working with Cousins Properties to design the new headquarters building, Patti Carroll, assistant vice president of real estate with the transportation company, told members of the Invest Atlanta finance committee.
Solid demand for air travel boosts Allegiant's (ALGT) October traffic. Load factor improves on the back of traffic growth outweighing capacity expansion.
This week’s approval of a complex deal to redevelop downtown’s Gulch is laying the tracks for Norfolk Southern Corp. to bring a new $575 million North American headquarters to Atlanta. Atlanta City Council on Nov. 5 passed the controversial legislation for the up-to $5 billion redevelopment of the Gulch, a collection of parking lots and railroads between downtown attractions including Mercedes-Benz Stadium and State Farm Arena. Los Angeles-based developer CIM Group spent months working out a deal with Atlanta Mayor Keisha Lance Bottoms and city officials to transform what’s today a giant hole in downtown into a mini-city of office buildings, residential units, hotel rooms, shops and restaurants.
As Amazon appears closer to announcing its decision and Atlanta doesn’t appear to be a favorite, Atlanta Business Chronicle asked local political and business leaders to recount the pursuit of the project that would alter the region’s economic trajectory for a generation.
Norfolk Southern will create 850 jobs and retain well over 2,000 already working in the city, as part of a $575 million North American headquarters in Atlanta, as Atlanta Business Chronicle reported on Wednesday.
FedEx Corporation (NYSE: FDX) CEO Frederick Smith called out President Donald Trump for his views on global trade at an event in Singapore, calling his perspective "quite rare." It wasn't a compliment. FreightWaves Markets Managing Editor Mark Solomon reported the story, noting Smith said the U.S. and the world are in a tug-o-war between the forces of free trade, which provide the best opportunity to pull millions out of poverty, and those of "mercantilism and nationalism" which seek to restrain will be self-defeating. FedEx is not dramatically affected by the trade tensions between the two countries because the traffic subject to tariffs make up a small percentage of its $70 billion in annual revenue.
The details about the new headquarters, which Norfolk Southern is relocating from Virginia, emerged in documents released by Invest Atlanta, the city’s economic development arm.
NORFOLK, Va. , Nov. 6, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that Michael A. Farrell has been named senior vice president transportation, effective immediately. ...
To receive further updates on this Norfolk Southern Corporation (NYSE:NSC) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Strategic Trader today. As a rail stock, Norfolk Southern Corporation (NYSE:NSC) is sensitive to ongoing trade negotiations, which have been looking a little better over the last week as optimism builds. While we feel that the bullish case for transportation and railroad stocks will get stronger as the trade issues get resolved, there is enough uncertainty for us to approach this opportunity from an income perspective.
Los Angeles-based developer CIM Group has spent months working out a deal with city officials to transform what's today a giant hole in downtown into a mini-city of office buildings, housing, hotel rooms, shops and restaurants.
Despite recent media reports indicating that Amazon has picked northern Virginia for its second headquarters, Gov. Nathan Deal has not given up that the company may pick Georgia. Amazon.com Inc. (Nasdaq: AMZN) selected Atlanta as one of 20 cities that were finalists to win Amazon’s second headquarters, which eventually could lead to 50,000 jobs and billions of dollars of investment. “I don’t believe we are out of it,” Deal said at a press conference where he announced Georgia had been named the best state for business by Site Selection magazine for the sixth year in a row. “I think all of us had known northern Virginia (was a favorite),” Deal said.
Atlanta Mayor Keisha Lance Bottoms said Friday morning it would be a “travesty” to lose the relocation of Norfolk Southern’s corporate headquarters to the city.
Canadian National Railway (CNI) recorded ~10.3% YoY (year-over-year) growth in its Week 42 carload traffic. Canada’s largest rail freight carrier hauled ~70,100 railcars excluding intermodal volumes in the week compared to ~63,600 units in the corresponding week last year.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We’ll show how you can use Norfolk Southern Corporation’s (NYSE:NSC) P/E Read More...
Kansas City Southern (KSU), the smallest Class I railroad company in the United States, also operates in Mexico. In Week 42, the company reported a 4.8% YoY (year-over-year) fall in its carload traffic. KSU moved ~24,500 railcars excluding intermodal units in the week compared to ~25,800 units in Week 42 of 2017. The company’s carload traffic trended in line with the 0.7% slump reported by US railroad companies.