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Stock impact report

One Big Thing will solve rail's growth problem, says NS CEO [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Norfolk Southern Corp. survived the deleterious effects of the Covid pandemic, declining shipper demand, a catastrophic hazmat derailment, labor issues, a leadership scandal, and activist investors, says Chief Executive Mark George. It's emerged as one-half of a proposed transcontinental railroad that, if approved, will be a mega-strong behemoth reshaping the U.S. rail industry. The Atlanta-based carrier (NYSE: NSC ) has seen “crisis after crisis after crisis” since George arrived from HVAC giant Carrier in 2019, “but we are for the past two years running really well,” George said in a keynote address Tuesday at the annual conference of the American Short Line and Regional Railroad Association. “I'm really proud of that; the whole industry is operating well in terms of delivering good, consistent service, and I think that's really important.” Important, but not nearly enough to shake off stagnant growth over the past two decades as Class I lines failed to recapture freight from t Show less Read more
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