Norfolk Southern Corporation Website

Norfolk Southern Corporation

NYSE-NSC

Company Overview

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.

  • Name

    Norfolk Southern Corporation

  • CEO

    Mark R. George

  • Website

    www.norfolksouthern.com

  • Sector

    Ground Transportation

  • Year Founded

    1980

Company Statistics

Profile

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Bulls Say

  • Intermodal shipping should enjoy favorable long-term trends, including secular constraints on truckload capacity expansion and shippers' efforts to minimize transportation costs through mode conversions (truck to rail).

  • Pressure from an activist investor has prompted Norfolk's management to reinvigorate its precision scheduled railroading focus and commit to reducing the margin gap relative to peers.

  • The East Palestine derailment created a major profitability setback in 2023, but the firm made good OR progress over the past few years and incremental productivity gains should persist.

Bears Say

  • Intermodal pricing is grappling with pressure from depressed rates in the competing full-truckload industry, and that will likely persist into first-half 2026.

  • Union contract wage and benefit inflation will remain a partial margin headwind over the near term.

  • The STB oversees railroads' pricing, so there will always be underlying risk of reregulation in terms of a policy shift to a more heavy-handed approach.

Source: Morningstar Analysis - Oct 28, 2025

What's happening

Nov 13, 2025 - Dec 13, 2025

Norfolk Southern Corp's Stock Surges Amid Merger Optimism

  • Shareholders overwhelmingly approved the merger with Union Pacific, with nearly 99% voting in favor.
  • Investor sentiment remains positive despite regulatory scrutiny and labor dynamics affecting the merger process.
  • Norfolk Southern Corp outperformed its peers in the Industrials sector during this period.

Over the past month, Norfolk Southern Corporation (NSC) experienced a notable increase of 3.7% in its stock performance, significantly outperforming the S&P 500, which saw a slight decline of 0.2%. This positive trend was largely driven by developments surrounding its merger with Union Pacific. On November 14, shareholders overwhelmingly approved this merger agreement, with nearly 99% voting in favor. The terms stipulate that NSC shareholders will receive one share of Union Pacific common stock along with $88.82 in cash for each share they own.

Discussions on social media reflected growing investor optimism regarding the merger's potential impact on NSC's market position and equity value. The excitement around this consolidation was further bolstered when it was revealed that both companies had removed key critics from their boards earlier in August, potentially smoothing the path for regulatory approvals from the Surface Transportation Board.

However, not all news was favorable during this period; on November 24th, NSC shares dipped by 1.2%. This bearish movement came amid ongoing job security agreements between Union Pacific and labor unions involved in the merger discussions with Norfolk Southern. While these agreements aimed at ensuring job security for union employees were seen as positive for labor relations overall, they also highlighted potential operational challenges within Norfolk Southern’s landscape as integration progresses.

The U.S Department of Justice initiated investigations into the acquisition process during this timeframe; an announcement made on November 21 indicated that formal notices would be filed concerning reviews conducted by regulatory bodies overseeing such mergers within transportation sectors. Despite these mixed signals from regulatory scrutiny and labor dynamics affecting sentiment around NSC’s future operations post-merger negotiations remain optimistic due to strong shareholder support.

Overall, while there were fluctuations influenced by external factors like legal inquiries and labor agreements impacting sentiment negatively at times throughout November—Norfolk Southern Corp still managed to outperform its peers within the Industrials sector (XLI), surpassing them by a margin of approximately 2.2%. Notably, relative to S&P performance over this month period shows an overperformance of approximately 3.9%.

NYSE:NSC