NSC Stock Recent News

ATLANTA , Sept. 8, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) acknowledges that its Board of Directors has opened an investigation into allegations of potential conduct by CEO Alan Shaw that is inconsistent with the company's Code of Ethics and company policy.

Norfolk Southern's board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to people familiar with the matter. Shaw has been CEO of Norfolk Southern since 2022, and has faced down a toxic rail derailment and a contentious proxy fight in that time.

Early agreements now cover nearly 65% of company's union workforce ATLANTA , Sept. 4, 2024  /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD).

Norfolk Southern's bottom line benefits from cost-cutting efforts. The shareholder-friendly approach is encouraging.

Norfolk Southern has reached tentative, five-year labor agreements with five unions, the U.S. railroad operator said on Friday, at a time when thousands of employees in the industry are negotiating for better pay and working conditions.

Early agreements made with nine unions over the past two weeks cover approximately 55% of railroad's total union workforce ATLANTA , Aug. 30, 2024 /PRNewswire/ -- Ahead of the Labor Day holiday, which celebrates the achievements of American workers, Norfolk Southern Corporation (NYSE: NSC) is proud to announce it has reached tentative, five-year collective bargaining agreements with five labor unions in addition to the four announced last week. These nine agreements, which, together, cover approximately 55% of the company's unionized workforce, come four months before the opening of the next collective bargaining round, underscoring Norfolk Southern's commitment to provide prompt, meaningful enhancements to pay, health care, and time off for its dedicated craft railroaders.

The deals, on successful ratification, will make the concerned Norfolk Southern's (NSC) workers eligible for higher wages.

Agreements come months before next collective bargaining round, giving covered employees early assurances on significant future improvements to pay, health care, and vacation ATLANTA , Aug. 23, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC), in partnership with BNSF Railway, has reached tentative, five-year collective bargaining agreements with the Brotherhood of Railway Carmen Division/TCU (BRC), the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department (SMART-MD), and the Transportation Communications Union/IAM (TCU). Norfolk Southern also has reached tentative agreements with multiple General Committees for the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD).

Norfolk Southern's Q2 was mostly positive in my opinion, with the firm expanding operating income thanks to efficiency improvements at the railroad. The firm's ability to deliver real cost-savings and efficiency improvements in Q2 increases the credibility of their long-term target of an operating ratio below 60%. My base-case valuation suggests shares are fairly valued at present time, which, combined with margin expansion, suggests a long-term opportunity may be present in shares.

ATLANTA , Aug. 20, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has promoted Jason A. Zampi to Senior Vice President Finance & Treasurer.