What’s Happening With Norfolk Southern’s Coal Freight Business? [Forbes]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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Source: Forbes
UKRNE - 2021/06/04: In this photo illustration, Norfolk Southern logo is seen on a smartphone... [+]screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)[Updated: Jan 5, 2022] NSC Stock UpdateCoal shipments have been trending higher for railroad companies, includingNorfolk Southern (NYSE:NSC)This directly impacts the demand for coal. A rise in natural gas prices means its reduced usage as an energy source, compared to coal, and vice-versa. The overall demand for coal remained robust in 2021, with the total production rising 9% and it is expected to rise 6% in 2022, owing to the trends seen in natural gas prices. Higher production has meant increased demand for railroads. For Norfolk Southern, total volume has seen a rise of 18% to around 500K for the nine month period ending Sep 2021. This clubbed with a 7% rise in average revenue per unit, has meant a sharp 27% rise in coal freight revenue to a little under $1 billion.Overall, Norfolk Southern’s coal
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News
- Here's What Baltimore's Bridge Collapse Could Cost CSX and Norfolk Southern [Yahoo! Finance]Yahoo! Finance
- BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern Corporation (NYSE:NSC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern Co. (NYSE: NSC) had its price target lowered by analysts at UBS Group AG from $302.00 to $294.00. They now have a "buy" rating on the stock.MarketBeat
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DFAN14A
- NSC's page on the SEC website