norfolk southern corp
(NSC:New York Consolidated)
norfolk southern corp (NSC) Snapshot
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Open
$77.00
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Previous Close
$77.83
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Day High
$77.02
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Day Low
$76.20
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52 Week High
05/21/13 - $81.00
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52 Week Low
11/16/12 - $56.05
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Market Cap
24.2B
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Average Volume 10 Days
1.8M
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EPS TTM
$5.36
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Shares Outstanding
315.1M
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EX-Date
05/1/13
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P/E TM
14.3x
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Dividend
$2.00
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Dividend Yield
2.62%
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norfolk southern corp (NSC) Latest News
norfolk southern corp (NSC) Related Businessweek News
norfolk southern corp (NSC) Details
Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. It transports coal products, including utility, export, metallurgical, and industrial coal products; chemical products comprising sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and municipal wastes; agriculture, consumer products, and government products, such as soybeans, wheat, corn, fertilizer, livestock and poultry feed, food oils, flour, beverages, canned goods, sweeteners, consumer products, and ethanol, as well as various items for the military; and metals and construction products consisting of steel, aluminum products, machinery, scrap metals, cement, aggregates, bricks, and minerals. The company also transports automotive products that include finished vehicles and auto parts; and paper, clay, and forest products, which comprise lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, and clay. In addition, the company is involved in the intermodal operations comprising shipments moving in trailers, the United States and international containers, and RoadRailer equipment. Further, it transports overseas freight through various Atlantic and Gulf Coast ports, as well as provides a range of logistics services; and operates passenger and commuter trains. Additionally, the company engages in the acquisition, leasing, and management of coal, oil, gas, and minerals; development of commercial real estate properties; and leasing or sale of rail property and equipment, as well as in telecommunications activities. As of December 31, 2012, it operated approximately 20,000 miles of route in 22 states and the District of Columbia. The company was founded in 1883 and is based in Norfolk, Virginia.
norfolk southern corp (NSC) Top Compensated Officers
norfolk southern corp (NSC) Key Developments
Norfolk Southern Corp. announced that it has extended the expiration date of its offer to exchange up to $600,000,000 aggregate principal amount of its 2.903% Notes due 2023 registered under the Securities Act of 1933, as amended, for an equal amount of its privately placed 2.903% Notes due 2023. The exchange offer, which was scheduled to expire at 5:00 p.m., New York City time, on May 15, 2013, will now expire at 5:00 p.m., New York City time, on May 22, 2013, unless further extended, to allow holders of the outstanding Original Notes additional time to tender in the exchange offer. Except for the extension of the expiration date, the terms of the exchange offer remain as set forth in the prospectus, dated April 15, 2013. As of 5:00 p.m., New York City time, on May 15, 2013, $596 million in aggregate principal amount of the Original Notes had been tendered in the exchange offer. This amount represents approximately 99.3% of the outstanding Original Notes.
Twenty-four plaintiffs, including a dozen police officers who rushed to the scene of a November 2012 train derailment in Paulsboro, sued on May 13, 2013, alleging that the rail company's negligence caused the derailment, and that it downplayed the dangers of a chemical spill and failed to protect responders. As a result, the suit says, the plaintiffs have suffered ailments such as breathing problems, headaches, neurological disorders, and elevated blood pressure since the tanker carrying 23,000 gallons of vinyl chloride derailed Nov. 30, 2012. The suit, filed in Common Pleas Court in Philadelphia, names Conrail and its parent companies, Norfolk southern Corp. and CSX Corp., as defendants. Plaintiffs include 12 Paulsboro and Greenwich Township officers.
Norfolk Southern Corp. announced the appointment of James A. Squires as president, effective June 1, 2013. Squires currently is executive vice president administration. In his new role, he will be responsible for the corporation's administration, finance, law and corporate relations, and planning and information technology divisions. Also effective June 1: Cindy C. Earhart, currently vice president human resources, will become executive vice president administration. Juan K. Cunningham, currently assistant vice president executive, will become vice president human resources. Effective July 1: Daniel D. Smith, senior vice president energy and properties, has elected to retire after 37 years with the company. David T. Lawson, currently vice president industrial products, will become vice president coal marketing. Michael R. McClellan, currently vice president intermodal and automotive marketing, will become vice president industrial products. Jeffrey S. Heller, currently group vice president international intermodal, will become vice president intermodal and automotive marketing. Squires joined Norfolk Southern in 1992 and served in several law positions before being named vice president law in 2003, senior vice president law in 2004, senior vice president financial planning in 2006, executive vice president finance in 2007, and executive vice president administration in 2012. Earhart joined Norfolk Southern in 1985 as supervisor subsidiary accounting. She served in key accounting and information technology positions before being named vice president human resources in 2007. Cunningham joined Norfolk Southern in 1973 as a management trainee in engineering. He served in positions of increasing responsibility in human resources before being named assistant vice president human resources in 2010 and to his most recent position in 2012. Smith was named to his current position in 2003, where he was responsible for coal marketing, real estate, and Norfolk Southern's Pocahontas Land Corporation subsidiary. Lawson joined Norfolk Southern in 1988 as a sales representative and served in various capacities in the automotive supply chain group and as president of Modalgistics before becoming vice president industrial products. McClellan joined Conrail's general marketing and sales organization in 1985. In 1998, he was named assistant vice president performance planning for Norfolk Southern and became vice president intermodal and automotive marketing in 2000.
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Industry Analysis
NSC
Industry Average
| Valuation | NSC | Industry Range |
| Price/Earnings | 14.4x |
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| Price/Sales | 2.3x |
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| Price/Book | 2.5x |
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| Price/Cash Flow | 9.3x |
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| TEV/Sales | 1.4x |
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Post a JobJobs
- Altoona, PA | Norfolk SouthernPosted: May 20
- Altoona, PA | Norfolk SouthernPosted: May 21
- Roanoke, VA | Norfolk SouthernPosted: May 17
- Chicago, IL | Norfolk SouthernPosted: May 20
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