|Bid||154.00 x 1800|
|Ask||163.00 x 800|
|Day's Range||156.56 - 159.65|
|52 Week Range||127.79 - 186.91|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||7.50|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||3.20 (2.04%)|
|1y Target Est||188.68|
Railroad company Norfolk Southern Corp. is moving its headquarters from Norfolk, Virginia, to Atlanta, bringing with it 850 jobs and more than $500 million in economic investment, Georgia Gov. Nathan Deal announced Wednesday. The company plans to build a new headquarters campus with 750,000 square feet (69,600 square meters) of office space in the city's Midtown area, according to records from Atlanta's economic development authority. "When you consider those 850 new jobs on top of —in excess of — 4,700 jobs that are currently Norfolk Southern employees in the state of Georgia, they suddenly become a major player in our state's economy," Deal said at Wednesday's news conference.
Los Angeles developer CIM Group paid slightly more than $7 million an acre for the 16.3 acres Norfolk Southern owned in the Gulch, a collection of parking lots and railroads between downtown attractions Mercedes-Benz Stadium and State Farm Arena.
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation. The fourth-largest U.S. railroad joins United Parcel Services , ...
NORFOLK, Va. and ATLANTA, Dec. 12, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NSC) today announced plans to relocate its headquarters to Atlanta. "Alignment, collaboration, and accountability are the hallmarks of Norfolk Southern's plan to transform this company and its culture.
Norfolk Southern Chairman and CEO Jim Squires spoke to Atlanta Business Chronicle about the ups and downs of the relocation decision – one that involved selling its property in the downtown Gulch to the CIM real estate company.
Cousins Properties Inc. yesterday unveiled the first detailed look at the 1-million-square-foot Midtown headquarters it will develop for Norfolk Southern Corp. The stunning urban campus will feature two 22-story towers rising at Spring, 3rd and West Peachtree Streets and Ponce de Leon Avenue. The presentation to the Midtown Development Review Committee was the broadest look yet at the project, which will employ about 2,000, based on the initial plans. Georgia Gov. Nathan Deal is expected to formally announce the relocation Norfolk Southern Corp. from Norfolk, Va., this afternoon.
Midtown planners will get a glimpse tonight at the new planned Atlanta headquarters of railroad giant Norfolk Southern Corp (NYSE: NSC). Midtown’s Development Review Committee is set to hear the project Tuesday night. Gov. Nathan Deal also plans to make an economic development announcement on Wednesday.
Kansas City Southern’s (KSU) rail traffic volume inched down 0.5% in week 48 as the benefit from higher intermodal volume was more than offset by a decline in carload traffic. The fall was in contrast to the 0.4% gain registered by US railroad companies (XTN). The smallest class I railroad company hauled 45,219 railcars in week 48 compared with 45,449 wagons in the same week of the previous year.
NORFOLK, Va., Dec. 10, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NSC) has released its 2018 Corporate Social Responsibility Report, detailing achievements that include record locomotive fuel efficiency and reduced greenhouse gas emissions. This is the 11th year that Norfolk Southern has issued a report outlining the railroad's sustainability accomplishments and challenges. For the first time, the report incorporates the annual contributions report of the Norfolk Southern Foundation, the company's charitable giving arm.
Canadian Pacific Railway (CP) reported 1.5% YoY total traffic volume growth in week 48. The company moved 56,391 railcars compared to 55,577 units in week 48 of 2017. Canadian Pacific’s YoY rail traffic gains were 3.9% in the first 48 weeks of 2018. The company’s traffic growth was higher than US railroads’ (PWB) 3.6% gains and Canadian rail carriers’ 3.8% gains during the same period.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the first 6 weeks of the fourth quarter we observed increased volatility and small-cap stocks underperformed […]
CSX’s (CSX) rail traffic volume grew 1.5% YoY to 128,821 units mainly driven by robust intermodal growth, partially offset by a decline in carload traffic. In the first 48 weeks of 2018, the company recorded a 1.3% YoY increase in railcar traffic. However, CSX’s rail traffic gains were lower than US railroad (IYT) companies’ 3.7% gain during the same period.
In week 48, Union Pacific (UNP) reported 5.2% YoY total traffic volume growth. The company moved 181,904 railcars compared to 172,939 units in week 48 of 2017. The major western US railroad company was first in terms of traffic volume growth among all of the Class I railroads in week 48. CSX (CSX), Canadian Pacific (CP), and Canadian National (CNI) were in second, third, and fourth with 1.5%, 1.5%, and 1.4% gains, respectively.
On December 5, the AAR (Association of American Railroads) released its rail freight traffic data for week 48, which ended on December 1. The AAR compiles weekly rail data from 12 major US, Mexican, and Canadian railroad companies. The weekly rail figures are segregated into intermodal units and carload traffic. Intermodal units are further divided into truck trailers and containers.
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. This morning we are recommending another trade on Norfolk Southern Corporation (NYSE:NSC). When we took a position on NSC in early November, we said the bullish case for transportation and railroad stocks would get stronger as the trade issues get resolved.
Invest Atlanta’s board unanimously approved a deal that would give Norfolk Southern a property tax break.
Ryanair's (RYAAY) impressive November traffic figures can be attributed to cheap air fares. The preliminary labor agreement with its German pilots is an added positive.
Disturbances at Trinity's (TRN) Rail Group and weak revenues at its Energy Equipment plus Railcar Leasing and Management Services units are major drags on the stock's performance.
CSX’s (CSX) rail traffic volume growth in week 47 was the slowest among Class I railroad companies. The company’s rail traffic grew 0.4% YoY (year-over-year) in week 47. The gain in carloads was mainly offset by weakness in the Intermodal segment. CSX hauled 110,092 railcars in week 47—compared to 109,624 railcars in week 47 of 2017.
In week 47, Canadian Pacific Railway (CP) reported 3.5% YoY total traffic volume growth. The company moved 54,247 railcars—compared to 52,433 units in week 47 of 2017. The company was fifth in terms of the traffic volume growth in week 47 among all of the Class I railroads. Canadian National Railway (CNI) had the highest rail traffic gains during the week. Union Pacific (UNP) and Norfolk Southern (NSC) were second and third with 5.9% and 4.4% gains, respectively.
Norfolk Southern (NSC) reported 4.4% YoY growth in its rail traffic volume in week 47. The company hauled 134,716 total cars—compared to 129,058 units in the same week last year. The YoY growth was mainly driven by the strong performance in Norfolk Southern’s intermodal business. The growth was partially offset by weakness in the Carload segment.