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News Breaks
March 31, 2014
08:23 EDTNSC, CSX, GWRRailroad operator estimates lowered at Stephens
Stephens lowered its estimates for several rail operators ahead of their Q1 earnings reports citing the severe winter weather, but thinks the potential impact of weather on the quarter is well known. The firm said it would use post-earnings weakness in Genesee & Wyoming (GWR), CSX (CSX) or Norfolk Southern (NSC) as a buying opportunity, as it believes underlying demand is strengthening and the fundamental outlook for the group is unchanged. Stephens has Overweight ratings on the three stocks mentioned above.
News For GWR;CSX;NSC From The Last 14 Days
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January 30, 2015
17:10 EDTNSCNorfolk Southern, BLET reach five-year collective bargaining agreement
Norfolk Southern and the Brotherhood of Locomotive Engineers and Trainmen reached a new collective bargaining agreement that continues to link engineer compensation to corporate performance through 2019. The agreement, which covers approximately 4,600 locomotive engineers, provides engineers with an annual bonus opportunity based on corporate performance and for the first time includes individual incentive opportunities based on personal performance. The agreement also includes changes to improve engineer work scheduling, which will help ensure that NS has a more stable and available workforce while providing employees with more predictable schedules.
January 28, 2015
07:23 EDTCSX, GWRSenate Commerce, Science & Transportation Committee holds a hearing
Hearing to examine freight rail transportation, focusing on enhancing safety, efficiency and commerce with Vice President Lonegro of CSX Transportation and Chief Operating Officer Brown of Genesee & Wyoming Railroad Services is being held on January 28 at 10 am. Webcast Link
January 27, 2015
10:31 EDTNSCNorfolk Southern to close Roanoke office building
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09:55 EDTNSCNorfolk Southern downgraded at Avondale
As previously reported, Avondale downgraded Norfolk Southern to Market Perform from Outperform. The firm downgraded shares due to the impact of lower energy prices on volume, prices and margins and said the continued drop in diesel could threaten domestic intermodal volumes. Price target lowered to $105 from $125.
09:44 EDTNSCNorfolk Southern downgraded to Market Perform from Outperform at Avondale
08:52 EDTNSCArgus upgraded Norfolk Southern based on valuation
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08:15 EDTNSCNorfolk Southern upgraded to Buy from Hold at Argus
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January 26, 2015
08:02 EDTNSCNorfolk Southern reports Q4 General Merchandise revenue up 3% $1.7B
Reports Q4 Intermodal revenue up 5% to $649M; Reports Q4 Coal revenue down 15% to $543M
08:01 EDTNSCNorfolk Southern plans to invest $2.4B in capital investments
Norfolk Southern plans to invest $2.4B in capital investments to maintain the safety and quality of our rail network, enhance service, improve operational efficiency, and support growth opportunities.
08:01 EDTNSCNorfolk Southern reports Q4 EPS $1.64, consensus $1.63
Reports Q4 revenue $2.87B, consensus $2.94B
January 23, 2015
14:50 EDTNSCNorfolk Southern January weekly volatility elevated into Q4 and outlook
Norfolk Southern January weekly call option implied volatility is at 45, February is at 27, March is at 25; compared to its 26-week average of 24 according to Track Data, suggesting large price movement into the expected release of Q4 results on January 26.
14:46 EDTNSCNorfolk Southern technical comments before earnings
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14:45 EDTNSCNorfolk Southern raises quarterly dividend 4% to 59c per share
Norfolk Southern announced that its board voted to increase the regular quarterly dividend on the company's common stock by 4%, or 2c per share, from 57c to 59c per share. The increased dividend is payable on March 10 to stockholders of record on February 6.

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