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home / news releases / norfolk southern improving volumes chugging along fo

NSC - Norfolk Southern: Improving Volumes Chugging Along For Now

Norfolk Southern Corporation

2024-07-08 09:39:56 ET

Summary

  • Norfolk Southern is a class I railroad that's been out of favor due to weaker margins and a train derailment that has cost them nearly $2 billion.
  • While the recent quarter had negative growth on both the top and bottom line, volumes are improving.
  • The impact of cost-cutting initiatives, labor management, and higher fuel margins going forward should materially improve earnings.
  • Trading at a discount to class I railroad peers, I rate shares of Norfolk Southern as a 'buy.'

Introduction

For further details see:

Norfolk Southern: Improving Volumes, Chugging Along For Now
Stock Information
Company Name: Norfolk Southern Corporation
Stock Symbol: NSC
Market: NYSE
Website: norfolksouthern.com
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