U.S. regulator to meet next month with disgruntled railroad customers [Reuters (UK)]
Norfolk Southern Corporation (NSC)
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Source: Reuters
U.S. regulator to meet next month with disgruntled railroad customers | Reuters 3 Min Read SEATTLE, March 16 (Reuters) - The top U.S. railways regulator plans to hold a series of meetings with disgruntled shippers and other customers starting next month, after fresh complaints over service delays and higher costs from automotive and grain lobby groups. The Surface Transportation Board’s last major public hearing was in October and focused on service issues at the CSX Corp railroad. The new meetings signal the agency could be open to new paths to relieve shipper pain. Reuters reported two weeks ago that a drive to cut costs and boost margins at CSX, Norfolk Southern Corp, and Union Pacific Corp was hurting some of America’s largest rail customers. Still, Wall Street investors have applauded the cuts. National Grain and Feed Association President Randall Gordon said on Friday he welcomed the news of next month’s meetings. Gordon told the STB in a letter on March 10 that Warren Buffett’s
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News
- CSX beats quarterly estimates on higher intermodal, coal export volumes [Yahoo! Finance]Yahoo! Finance
- CSX beats quarterly estimates on higher intermodal, coal export volumes [Reuters]Reuters
- What's in Store for Norfolk Southern (NSC) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Analysts Estimate Norfolk Southern (NSC) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- US labor union backs Norfolk in proxy battle with Ancora [Reuters]Reuters
NSC
Earnings
- 1/26/24 - Miss
NSC
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/16/24 - Form PX14A6G
- NSC's page on the SEC website