|Bid||139.00 x 900|
|Ask||150.53 x 800|
|Day's Range||138.71 - 146.62|
|52 Week Range||112.62 - 219.88|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||13.99|
|Forward Dividend & Yield||3.76 (2.56%)|
|Ex-Dividend Date||Feb 05, 2020|
|1y Target Est||N/A|
Freight rail and intermodal companies have been developing plans to ensure that business operations continue as near to normal as possible as the coronavirus pandemic plays out in North America. Kansas City SouthernKansas City Southern (NYSE: KSU) says the U.S.-Mexico border remains open to the commercial movement of goods and railroads are deemed critical infrastructure by the federal government. However, the railroad has had to adjust some trip plans and transportation schedules to align with customer demand.Policies for remote work and social distancing have been instituted for applicable employees, and the company has implemented a "robust" cleaning and sanitizing effort for all work and common areas, Kansas City Southern (KCS) said in a March 25 customer notice.As for ensuring the continuity of business operations, KCS said it holds daily briefings both internally and with local, state and federal agencies. It is also working with its vendors and partners to ensure the availability of or materials and resources. KCS has also diversified its work locations temporarily, including its network operations offices.KCS has the ability to temporarily relocate crew and employees to locations of need, and they have job boards for train field employees in the event of crew shortages.Additional information on how KCS is addressing the pandemic can be found here.CSXCSX Corporation (NYSE: CSX) has no confirmed cases of any employee who has contracted the novel coronavirus, also known as COVID-19, as of the start of this week, according to a March 24 customer notice from Mark Wallace, CSX executive vice president of sales and marketing. CSX urged customers to inform the railroad if their transportation needs changes or require service adjustments. The railroad is "taking comprehensive measures to safeguard our workers and our facilities so that we can continue to provide normal operations and timely service," Wallace said.CSX has also developed business continuity plans that include backup facilities where business-critical functions, such as CSX's data center and network operations teams, are able to transition and continue seamless train operation, Wallace said in a March 18 customer note. To ensure crew availability, CSX has reserve operating employees and manager certifications available, and the railroad has established safety protocols for facility sterilization. CSX has also conducted work-from-home drills for its technology teams and other functions that support customer relations, Wallace said. Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) has been surveying customers to gauge their transportation requirements in light of the coronavirus pandemic and state and local orders to shelter in place."Norfolk Southern is working to integrate your feedback into our transportation plans, ensuring we continue to meet your needs and our operations remain fluid. As changes are identified to our service, we will notify affected customers and work with you to resolve any issues. We will work collaboratively with our customers and business partners," Norfolk Southern Chief Marketing Officer Alan Shaw said in a March 23 customer notice."We understand that COVID-19 mitigation efforts are dynamic and the effect on our customers' business needs may evolve. Norfolk Southern will continue to collaborate with our customers and business partners to assess your service needs and how best to respond to the potential changes in your logistics requirements," Shaw said.Trac IntermodalTrac Intermodal, a marine chassis pool manager and equipment provider, says it has business continuity plans in place and it is following health guidance to clean and disinfect service vehicles and TRAC's locations. The company's field operations have been deemed as essential, meaning that operations can continue in areas where there are state orders to shelter in place."We continue to work closely with our network of start/stop locations and depots to support the intermodal community," TRAC Intermodal said.American Short Line and Regional Railroad AssociationThe American Short Line and Regional Railroad Association has a list of resources for short line railroads that detail recent government actions, including what temporary waivers from federal mandates are available.See more from Benzinga * Quick-Hitting Snowstorm Could Further Tighten Denver Freight Market (With Forecast Video) * Q&A: What Companies Need To Know About The Families First Coronavirus Response Act * Coronavirus: U.S. Unemployment Risk(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Norfolk Southern Corporation (NYSE: NSC) promoted Vanessa Allen Sutherland to executive vice president and chief legal officer, effective April 1.Allen Sutherland had just been promoted to senior vice president of government relations and chief legal officer last August. In that role, she worked to develop relationships with federal, state and local stakeholders. She joined Norfolk Southern (NS) in 2018 as vice president of law, and in that role, she led a review of the NS safety program, managed government relations initiatives, introduced automation at multiple levels with the law team and collaborated with peers on short line railroad matters, NS said. "Vanessa is an invaluable contributor to NS, with important responsibilities across a number of areas critical to our company's success," NS CEO James A. Squires said. "Most recently, Vanessa has been playing an integral role in helping NS navigate the economic, political and regulatory environment. We thank her for her hard work and commitment to ensuring that our company continues to deliver superior returns for investors, and outstanding service to customers, while keeping our employees and communities safe."See more from Benzinga * Rail Unions Seek Federal Help In Ensuring Coronavirus Response * Freight Railroads Further Adjust Workforce Plans Amid Coronavirus Pandemic * Freight Railroads Monitor Network For Coronavirus Impacts(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Norfolk Southern Corp.’s $92 million intermodal yard between runways at Charlotte Douglas International Airport began operation in 2014, moving the facility from an awkward location off North Tryon Street near uptown.
Efforts to streamline operations and reward investors drive Norfolk Southern (NSC). However, shrinking volumes and high-debt levels are worrisome
The freight railroads are monitoring the latest developments related to the coronavirus pandemic while adjusting working conditions and preparing for an anticipated surge in volumes once the outbreak subsides, according to recent operations notifications.Norfolk Southern (NYSE: NSC) changed some of its work procedures from even a few days ago, aligning them with social distancing guidance from the Centers for Disease Control and Prevention (CDC), according to a March 14 note from its chief marketing officer Alan Shaw. Some of the changes include transitioning work arrangements for those not directly associated with train operations and restricting access to critical functions to offices such as the Network Operations Center. The eastern U.S. railroad has also activated its Operations Command Center, which includes staff from marketing and customer service, to monitor operations. It is also ensuring proper sanitation for its field transportation employees. In regard to shippers, "Norfolk Southern is committed to providing transparent information on all our activities and any changes we may execute," Shaw said. "We encourage you to advise us with respect to anticipated changes in your supply chains, operations or priorities so that we can continue to evaluate and, if necessary, modify our operating plans accordingly to meet your service expectations."Canadian National (NYSE: CNI) said its intermodal offering can aid customers that are affected by the dwindling availability of truck drivers."Since our recovery from the illegal blockades is progressing well, we are working closely with our customers to further assist them in getting more of their goods to end markets as Canadian National's (CN) strong intermodal capacity can definitely increase to compensate for the diminishing availability of long-haul truck drivers," CN said.The railway also said it is following safety directives from the World Health Organization and from provincial, state and federal authorities in Canada and the U.S.In a March 13 customer update, BNSF (NYSE: BRK) said it has plans to keep operations going should there be any workforce disruptions, including those caused by a pandemic. Measures will include designating essential personnel and ensuring that there are train crews available to keep trains moving. All BNSF facilities remain open, the railroad said.BNSF asked customers to share information with BNSF about its needs, especially once volumes rebound as the pandemic threat fades."Once conditions have improved, we are aware of concerns about the ability to support a spike in volumes involving North American supply chains. BNSF is working closely with our partners to ensure that resources are positioned where they will be needed most," BNSF said. "In this effort, we would like to remind customers to please share information on anticipated volumes with your BNSF representative as frequently as possible. With your ongoing collaboration, we are confident that we have the equipment, facilities and other resources ready to handle an expected demand surge in the coming weeks."The railroad also said it is following guidelines provided by the CDC and public health agencies, and it is taking measures such as cleaning and sanitizing BNSF facilities more frequently and restricting employee travel.Image Sourced from PixabaySee more from Benzinga * TTN Fleet Solutions Addresses COVID-19 Regarding Trucking Industry * Freight Futures Daily Curve: 3/16 * Texas Governor Waives Key Trucking Regulations To Speed Up Supply Deliveries(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The names John Shlesinger, Sam Holmes, Ellen Stern and Doug LeClair will most likely be known throughout Atlanta as those who negotiated one of the most complex real estate deals in the metro area’s history. It was these four CBRE executives who represented railroad giant Norfolk Southern Corps. For handling such intricacies, CBRE is being honored with the Atlanta Commercial Board of Realtors (ACBR) 2019 Alvin B. Cates Award for Outstanding Transaction of the Year.
Freight railroads are alerting customers of their plans to address the coronavirus in North America, and they urged their customers to notify them if their supply chain changes.Norfolk Southern (NYSE: NSC) says it's taking steps to prevent the spread of the coronavirus across its rail network, including ensuring safe workplaces, studying remote work options for some employees and creating a task force to address the situation, the company said in an operations notice to its customers."Contingency planning is ongoing. We are focused most acutely on mission-critical functions,including transportation planning and operations, customer service, equipment management, train reporting and work orders, ensuring we have plans in place to maintain adequate staffing and a safe, effective work environment," Norfolk Southern (NS) chief marketing officer Alan Shaw said in a March 12 operations note.Those measures include ensuring that all workplaces are stocked with cleaning and disinfecting products, modifying work areas to allow for additional spatial separation and tasking NS's chief medical officer to monitor guidance from the Centers for Disease Control and Prevention (CDC).NS is also preparing its employees, systems and communication infrastructure to work remotely when applicable and should the need arise, the company said. The railroad has formed a Pandemic Planning Task Force consisting of representatives of all departments to review internal work group contingency plans and procedures.The eastern U.S. railroad also urged customers to notify it of any changes or disruptions to their supply chains or operations."Should the need arise, we are preparing to activate our Command Center, staffed by all areas essential to train operations. I commit to you that we will make certain we communicate all changes to you, our customers and supply chain partners, as we move forward," Shaw said. "In turn, we encourage you to advise us with respect to anticipated changes in your supply chains so that we can continue to evaluate and, if necessary, modify our operating plans accordingly to meet your service expectations."Union Pacific (NYSE: UNP) said in a March 6 customer update that it has been actively monitoring the situation, and it is following CDC guidelines for businesses. The western U.S. railroad developed a cross-departmental pandemic team in 2006 that developed business continuity plans. Union Pacific (UP) has put into place a pandemic operating plan that includes a Command Center to ensure continued train operations. The team at the center is responsible for transportation plan adjustments, traffic diversions and equipment planning, and it will ensure communication protocols between customers and operating and support staff, said Kenny Rocker, UP's executive vice president for marketing and sales.UP also asked customers to alert the railroad should any changes occur to customers' supply chains."If you are expecting an increase of product imported from China or from a secondary source, such as local suppliers, we would like to keep in close contact as you gain clarity on when your volumes are expected to pick up again. If you are able to let us know the timing and quantity of those anticipated volume levels, we will do our part to be ready to handle the volume when it arrives," Rocker said. "The more we can understand what your forecasted shipments might look like and when they will happen, the better we can help provide the transportation solutions you need to keep your supply chain running smoothly."Image Sourced from PixabaySee more from Benzinga * FMC Monitors Coronavirus Impacts On Container Industry's Competitive Health * How Feasible Are Drones For Last-Mile Delivery From A Regulatory Perspective? * Cenovus Energy To Suspend Crude-By-Rail Program In 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Unfortunately for some shareholders, the Norfolk Southern (NYSE:NSC) share price has dived 37% in the last thirty...
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Norfolk Southern (NSC) promotes Greg Comstock to vice president, network operations, from his preceding designation as the general manager in Southern US region.
Norfolk Southern (NYSE: NSC) is conducting a pilot program testing what the railroad describes as a "breakthrough in track inspection technology."The Eastern U.S. railroad is deploying an autonomous track geometry measurement system, which Norfolk Southern (NS) says is the first technology of its kind among the North American freight railroads. While the autonomous track inspection systems available today are installed on converted freight or passenger rail cars and require an external power source to operate, the NS system is mounted on a locomotive."With our locomotive-based system, we use an existing asset to increase the frequency of our track inspections, without adding another piece of equipment that has to be run across the railroad," said Ed Boyle, NS vice president of engineering. The pilot is occurring on a mainline between Norfolk, Virginia, and Portsmouth, Ohio, on a route that has a range of track and operating conditions, such as straight and curved track, hilly terrain and high tonnage loads, NS said.NS says the autonomous system enables real-time, precise and quality track inspections while trains are loaded and going at track speed. The data from the autonomous system will help NS determine track activities and capital budgeting needs. NS says the system will help NS be compliant with company and Federal Railroad Administration track safety standards."With this innovative system, any time this locomotive is moving and pulling freight, it is testing track at the same time," said Mike Allran, NS manager for track inspection and development. Allran helped lead the development of this system. "This gives us more robust data for use in predictive-modeling to determine track maintenance intervals, which enables us to maximize efficiencies that will generate significant cost savings."The railroad's track inspection group within the NS engineering department developed this system. It is mounted in a ruggedized box under a six-axle road locomotive between the snow plow and the first set of wheels, NS said. A computer, housed inside the electrical locker in the locomotive cab, powers the system.NS describes the autonomous system as consisting of "lasers, gyros, accelerometers, and global positioning system sensors [that can] detect defects or anomalies in track geometry, including track gauge, or the distance between rails, and the elevation and curvature of track. The system transmits inspection data wirelessly to office locations, where track geometry engineers confirm potential defects and notify track maintenance personnel."The railroad expects the system on the locomotive to supplement existing testing already occurring through a fleet of manned tracked geometry cars and hi-rail trucks. NS hopes to equip additional locomotives with this technology; the railroad also plans to upgrade the technology through the addition of an optical system to evaluate track components such as fasteners, rail welds and switch points.Image Sourced from PixabaySee more from Benzinga * Coronavirus Update And The Main Functions Of A Freight Forwarder * Freight Futures Daily Curve: 3/6 * Cyberattack Sidelines EVRAZ Steel Plant In Canada(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Norfolk Southern (NYSE: NSC) has shuffled its leadership roster as it rounds out its first year of precision scheduled railroading (PSR), an operating model that seeks to streamline operations.Norfolk Southern (NS) has appointed three people to new roles, effective immediately: Greg Comstock is vice president of network operations after serving as a general manager of the network operations center and general manager of NS' southern region; Lorrie Kleine is vice president of law after serving as senior general counsel for workforce, properties and insurance risk management; and Patrick Whitehead is vice president of transportation after serving as assistant vice president for mechanical and general manager for NS' northern region."These leaders have made important contributions to the company, and I am pleased to announce their well-deserved promotions," said NS CEO Jim Squires. "Greg and Pat have played significant roles in our ongoing and successful implementation of precision scheduled railroading, and Lorri is a Norfolk Southern leader with extensive legal and external strategic governance experience."NS also appointed Josh Raglin to serve as chief sustainability officer, where he will seek to integrate sustainability practices into daily operations, NS said. Raglin recently served NS as general manager of facilities."Josh's experience and knowledge will be invaluable as we work to fulfill our commitment to environmental, social and governance practices that positively impact the environment, while simultaneously supporting the growth and evolution of our company," Squires said.Comstock and Whitehead will be working together in their new roles to execute NS' operating plan and eke out additional network efficiencies, NS said. Comstock will oversee NS' Network Operations Center, which is where centralized dispatching occurs. Whitehead will oversee NS' field operations, including the execution of the railroad's PSR operating plan named TOP21, which the railroad began rolling out formally in July 2019 after some preliminary legwork. Kleine will oversee legal, claims, investigative, compliance and risk management affairs for the NS law department. She has worked in that department since 1994.Image by Miguel Palomino Urdapilleta from PixabaySee more from Benzinga * Today's Pickup: Americans Horde Household Essentials Amid Coronavirus Outbreak * Truckers Still Dealing With Heavy Rains, High Winds In Several States * Drilling Deep: From The TCA Meeting, Passing The Torch To A New Generation Leaders(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Norfolk Southern (NYSE: NSC) is closing a distribution center in Roanoke, Virginia, citing declining coal volumes and a leaner locomotive fleet. The company will be closing the Roanoke Distribution Center and plans to transfer the work of the center's locomotive shop to its Juniata Locomotive Shop in Altoona, Pennsylvania. About 85 shop mechanical employees will have the opportunity to transfer to Altoona, Norfolk Southern (NS) said on Feb. 18.
Active traders often look to the transportation sector for clues about market direction. These charts suggest prices are headed higher.
When U.S. companies contemplate major expansions in the Sunbelt, Atlanta’s Midtown continues to emerge as a routine contender to land those projects. In a recent call with Wall Street analysts, Colin Connolly, president and CEO of Cousins Properties Inc. (NYSE: CUZ), one of the largest office landlords in the South, cited Midtown and downtown Austin as two of the region’s most rapidly urbanizing districts. A lower cost of doing business, cheaper taxes, fewer regulations — that’s been the economic development pitch in the Sunbelt for a while.
The new division, officially called Portman Residential, will look for opportunities in U.S. cities with strong university systems, talented labor forces, and booming economies.
Hala Moddelmog was the first woman to lead the influential organization that recruits companies to the 29-county metro Atlanta region.
Short line operator Regional Rail will be acquiring Carolina Coastal Railway, a 180-mile freight rail line located primarily in North Carolina. The acquisition, announced Monday by Regional Rail's parent ...
The yearly results for Norfolk Southern Corporation (NYSE:NSC) were released last week, making it a good time to...
With U.S. coal volumes facing a secular decline, U.S. Class I railroads are focused on making their intermodal and merchandise services competitive with the trucking market by revamping their strategy on interline lanes, judging from recent actions by the railroads. On Monday, Union Pacific (NYSE: UNP) told customers of its premium segment that it would open a number of domestic interline lanes originating on Union Pacific (UP) and destined for various points in the Eastern U.S. These lanes, which interchange with Norfolk Southern (NYSE: NSC) and CSX (NASDAQ: CSX) will be activated on Saturday. UP's premium segment includes its intermodal service.