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NTSB Determination Concerning 2006 Train Accident is Faulty, Says Norfolk Southern

NORFOLK, Va., July 25 /PRNewswire-FirstCall/ -- Norfolk Southern Railway Company said it strongly disagrees with the National Transportation Safety Board's determination of probable cause contained in its Accident Report released today for the New Brighton, Pa., derailment. The NTSB said that the Oct. 20, 2006, derailment was caused by an "inadequate rail inspection and maintenance program." According...

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Authorities identify man hit by train in Hillsborough

Investigators have identified the man who was struck and killed by a train in Hillsborough as 18-year-old Jason Walton of Hillsborough, police said this morning. Walton was hit by the train on the Norfolk Southern Railroad tracks shortly before 6...

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Earnings roundup: Arbitron, Norfolk Southern

Arbitron Inc. , a research firm that measures radio audiences, on Tuesday fell well short of expectations with an 84 percent drop in net income in its second quarter, when the expense of going electronic overtook a modest increase in revenue.

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Norfolk Southern profit lifted by coal and ag demand

SAN FRANCISCO (MarketWatch) -- Norfolk Southern Corp. on Tuesday reported a second-quarter profit of $453 million, or $1.18 a share, up from $394 million, or 98 cents a share, a year earlier. Sales rose 16% to $2.8 billion. Analysts polled by FactSet Research were looking for a profit, on average, of $1.06 cents a share with total revenue of $2.64 billion. The railroad said continued strength in the...

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Norfolk Southern board hikes quarterly dividend to 32 cents

SAN FRANCISCO (MarketWatch) -- Norfolk Southern Corp.'s board on Tuesday approved increasing the company's quarterly dividend by 10% to 32 cents from 29 a share. The dividend will be paid on Sept. 10 to shareholders of record on Aug. 1. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Earnings Preview: Norfolk Southern Corporation

Norfolk Southern Corporation (NSC) is expected to report Q2 earnings Tuesday, July 22, after market close with a conference call scheduled for Wednesday, July 23 at 9:00 a.m. ET. Guidance Analysts are looking for EPS of $1.05 on revenue of $2.65B. The consensus range is $1.00 to $1.08 for EPS, and $2.59B to $2.71B for revenue, according to First Call. Norfolk Southern, along with the rest of the rail...

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Repairs to cause detours

Crews will be making repairs on the Norfolk Southern railroad crossing on Spring Road between West Elkton Road and U.S. 127 in St. Clair Township beginning today.

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Alexandria doesn’t "heart" Norfolk Southern

If you, like me, are a resident of Alexandria City, you may have noticed a terse letter from Mayor Euille in the Alexandria news bulletin that arrived in your mailbox last week. The Norfolk Southern Railroad has established an ethanol transloading facility at its yard in the West End neighborhood. Now, apparently they own the [...]

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Railroad Employees & FELA Claims

(EMAILWIRE.COM, July 14, 2008 ) A railroad employee recently filed a Federal Employers’ Liability Act (FELA) suit in Madison County, IL against his employer, Norfolk Southern Railway. FELA claims allow railroad employees to seek compensation from ..

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Norfolk Southern Extends Registered Exchange Offer

NORFOLK, Va., July 11 /PRNewswire-FirstCall/ -- Norfolk Southern Corporation announced that it has extended the expiration date of its offer to exchange up to $600 million aggregate principal amount of its 5.75% Senior Notes due 2018 (the "Exchange Notes") registered under the Securities Act of 1933, as amended, for an equal amount of its privately placed 5.75% Senior Notes due 2018 (the "Original...

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Norfolk Southern to Host Second-Quarter 2008 Earnings Conference Call

NORFOLK, Va., July 1 /PRNewswire-FirstCall/ -- Norfolk Southern Corp. (NYSE: ) will present its second-quarter 2008 earnings at 9 a.m. EDT Wednesday, July 23, via teleconference and live Internet webcast. Norfolk Southern expects to issue its earnings results Tuesday, July 22, after the close of trading on the New York Stock Exchange. Those interested in participating via teleconference can dial 877-869-3847...

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Zacks Bull and Bear of the Day Highlights: First Solar, CEMEX, Jones Lang LaSalle, Norfolk Southern and Celanese

CHICAGO--(BUSINESS WIRE)--Zacks Equity Research highlights First Solar, Inc. (Nasdaq: FSLR) as the Bull of the Day and CEMEX, S.A. (NYSE: CX) as the Bear of the Day. In

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UP, NS partner to provide automotive co-loading service - Progressive Rail Roading

UP, NS partner to provide automotive co-loading service Progressive Rail Roading, WI - 1 hour ago Union Pacific Railroad and Norfolk Southern Railway recently launched an Automotive Interline Co-Loading Service, which allows vehicles from multiple ...

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