norfolk southern corp (NSC) Key Developments
Norfolk Southern Corporation - Analyst/Investor Day
Sep 15 14
To present a comprehensive overview of the company's operating, financial, and strategic initiatives
Norfolk Southern Corporation Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-03-2014 10:35 AM
Jul 29 14
Norfolk Southern Corporation Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-03-2014 10:35 AM. Venue: The Boston Harbor Hotel, Boston, Massachusetts, United States. Speakers: Charles W. Moorman, Executive Chairman, Chief Executive Officer and Chairman of Executive Committee.
Norfolk Southern Corporation Amends Bylaws of the Company, Effective July 22, 2014
Jul 24 14
Norfolk Southern Corporation announced that on July 22, 2014, the Board of Directors amended the Bylaws of the company, effective as of July 22, 2014, to provide that the salaries of executive officers shall be fixed by the board of directors and non-executive officers elected by the board of directors shall be fixed by the chief executive officer.
Norfolk Southern Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides CapEx Guidance for the Year 2014
Jul 23 14
Norfolk Southern Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total railway operating revenues were $3,042 million against $2,802 million a year ago. Income from railway operations was $1,019 million against $836 million a year ago. Income before income taxes was $898 million against $737 million a year ago. Net income was $562 million or $1.79 per diluted share against $465 million or $1.46 per diluted share a year ago. These very strong results reflect a substantial increase in demand, coupled with continuing effective cost control.
For the six months, the company's total railway operating revenues were $5,731 million against $5,540 million a year ago. Income from railway operations was $1,686 million against $1,527 million a year ago. Income before income taxes was $1,452 million against $1,434 million a year ago. Net income was $930 million or $2.97 per diluted share against $915 million or $2.87 per diluted share a year ago. Net cash provided by operating activities were $1,437 million against $1,506 million a year ago. Property additions were $809 million against $884 million a year ago.
The company continue to project full year 2014 CapEx of $2.2 billion.
Norfolk Southern Corporation Raises Quarterly Dividend, Payable on September 10, 2014
Jul 22 14
Norfolk Southern Corporation announced that its Board of Directors voted to increase the regular quarterly dividend on the company's common stock by 6%, or 3 cents per share, from 54 to 57 cents per share. The increased dividend is payable on Sept. 10, to stockholders of record on Aug. 1.