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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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November 19, 2014
11:14 EDTNSCCowen airfreight/surface & rail analysts hold analyst/industry conference call
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November 17, 2014
16:38 EDTNSCAmtrak files complaint against CSX, Norfolk Southern, RailwayAge says
According to RailwayAge, Amtrak has filed a complaint with the U.S. Surface Transportation Board against Norfolk Southern (NSC) and CSX (CSX). Amtrak filed the complaint over substandard on-time performance of the Washington D.C.-Chicago Capitol Limited, which operates over right-of-way owned by Norfolk Southern and CSX, added RailwayAge. Reference Link
16:11 EDTNSCNorfolk Southern, Canadian Pacific subsidiary propose rail line transaction
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November 10, 2014
10:04 EDTNSCOn The Fly: Analyst Upgrade Summary
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07:37 EDTNSCNorfolk Southern upgraded to Overweight from Equal Weight at Morgan Stanley
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November 8, 2014
20:25 EDTNSCNorfolk Southern shares could climb 12%, Barron's says
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