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Stock Market & Financial Investment News

News Breaks
February 25, 2013
10:01 EDTNSCNorfolk Southern to discontinue certain railcar sorting operations in Roanoke
Norfolk Southern announced that it will cease regional railcar classification operations at its Roanoke Terminal hump yard in Roanoke, Va., beginning today. This will mean the elimination of about 140 positions. The Terminal will continue to provide service to local customers, and to be a hub for through-train operations. The Roanoke hump operation has seen a steady decline in the volume of general merchandise cars handled by about 30% since 2006. At the same time, system-wide improvements in the railroad's operations have freed up network capacity such that classification operations now performed at Roanoke are no longer necessary. System-wide, Norfolk Southern anticipates hiring between 850 and 1,150 employees in 2013 to keep up with attrition. These positions will first be offered to employees affected by the Roanoke change and employees furloughed at other locations.
News For NSC From The Last 14 Days
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July 31, 2015
10:02 EDTNSCOn The Fly: Analyst Downgrade Summary
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07:42 EDTNSCNorfolk Southern downgraded to Hold from Buy at Argus
Argus downgraded Norfolk Southern to Hold based on a challenging outlook. The firm said business trends have turned negative for the rail industry and Norfolk is a high-cost operator with exposure to the coal sector.
July 27, 2015
08:04 EDTNSCNorfolk Southern reports Q2 EPS $1.41, consensus $1.42
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July 24, 2015
11:53 EDTNSCNorfolk Southern technical notes ahead of earnings
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