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Stock impact report

Here's What Baltimore's Bridge Collapse Could Cost CSX and Norfolk Southern [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
CSX and Norfolk Southern , the two major North American rail companies that provide service to the Port of Baltimore, are expected to see at least $25 million per month in negative revenue impacts related to the March 26 incident. More from Sourcing Journal Baltimore Calls Bridge Collapse Result of Shipowners' 'Carelessness, Negligence' Panama Canal Will Allow 32 Vessels Per Day in June Iran's Seizure of MSC Ship Could Bring Rise in 'War-Risk' Premiums CSX is estimating a net revenue headwind of $25 million to $30 million for each month the port remains closed, said chief commercial officer Kevin Boone in an April 17 earnings call. And Norfolk Southern, which is currently undergoing a proxy fight , expects a similar $25 million to $35 million hit to monthly sales, chief financial officer Mike George told investors and analysts Wednesday. Both companies attributed the impacts to pressure in their export coal businesses and have had to divert a portion of their overall Ba Show less Read more
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