139.30 0.00 (0.00%)
After hours: 7:06PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||138.41 - 139.84|
|52 Week Range||109.27 - 157.15|
|PE Ratio (TTM)||7.49|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||2.88 (2.07%)|
|1y Target Est||157.68|
General Electric Co's transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment. GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018. General Electric Chief Executive Officer John Flannery said in November that GE would exit at least $20 billion in operations to improve its financial performance.
GE Transportation secures 225 orders in 2018 for locomotive modernizations, as well as completes the first of 100 modernizations for Norfolk Southern . With the increased demand, GE’s one-million-square-foot facility in Fort Worth is now the world’s largest locomotive modernization facility.
The top U.S. rail regulator has asked major railroads for information on service levels before meeting disgruntled shippers and other customers over complaints about service delays and higher costs. In letters to the chief executive officers of the railroads dated March 16 that were posted on the U.S. Surface Transportation Board's (STB) website on Monday, the regulator requested locomotive and employee numbers, and asked whether the railroads have sufficient numbers of each to meet demand.
The Zacks Analyst Blog Highlights: Union Pacific, Kansas City, Canadian Pacific, CSX and Norfolk
The top U.S. railways regulator plans to hold a series of meetings with disgruntled shippers and other customers starting next month, after fresh complaints over service delays and higher costs from automotive and grain lobby groups. The Surface Transportation Board's last major public hearing was in October and focused on service issues at the CSX Corp railroad. Reuters reported two weeks ago that a drive to cut costs and boost margins at CSX, Norfolk Southern Corp, and Union Pacific Corp was hurting some of America's largest rail customers.
NORFOLK, Va., March 16, 2018 /PRNewswire/ -- Norfolk Southern (NSC) has been notified that TRC Capital Corporation (TRC) made an unsolicited "mini-tender" offer, dated Feb. 23, 2018, to purchase up to 1 million shares of Norfolk Southern stock at $136 per share, or 4.65 percent below the closing share price on the day of the offer. Norfolk Southern is in no way associated with TRC, and expresses no opinion and is remaining neutral toward TRC's offer. Mini-tender offers seek less than 5 percent of a company's outstanding shares.
The turnaround of Freight Railroad industry can be attributed to an improvement in the coal-related scenario and a boost in intermodal volume.
With coal and intermodal growth on an upswing, railroads are expected to perform well in 2018. The new tax law further adds to a positive view.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting NSC. Over the last one-month, outflows of investor capital in ETFs holding NSC totaled $12.94 billion.
NORFOLK, Va. , March 8, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at: 2018 J.P. Morgan Aviation, ...
Norfolk Southern's (NSC) cost-reduction efforts to drive the bottom line are impressive. The company's shareholder-friendly measures also raise optimism about the stock.
NORFOLK, Va., March 6, 2018 /PRNewswire/ -- Norfolk Southern (NSC) has released its next-generation AccessNS, an e-commerce tool that gives customers an efficient and convenient one-stop digital platform to conduct business with the railroad. The revamped online portal features faster functionality and a modern, intuitive user interface that is easy to navigate, putting customers in the driver's seat. By selecting digital "widgets," customers can create personalized dashboards that give them quick access to information they consider most vital to their transportation logistics needs.
NEW YORK, March 05, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...