Selected Reads

Smartkarma

Equity Bottom-Up

A temporary problem (chemical railcar derailment) with horrible headlines (dark clouds, comparisons to Don Delillo's White Noise) has created an opportunity to own a Class I rail at a price that...<a target="_blank" href="https://www.valueinvestorsclub.com/idea/NORFOLK_SOUTHERN_CORP/0057529131">Read the article on Value Investor Club »</a>

Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufacture of advanced computer chips. There is a strong case against industrial policy in economics: It’s the idea that governments do not know better than markets when it comes to picking winners, and industrial policy just wastes money and distorts the economy. But there’s another view, which is that…

Morningstar

Morningstar, Inc.

Norfolk Southern delivers reliable returns, and it typically produced the highest margins among U.S. railroads since the rail renaissance began in 2004. By outearning its cost of capital for several years, it joined the rarefied company of Canadian National. However, Norfolk's operating ratio degraded to 75.4% in 2009 and was stuck between 69% and 73% from 2010 to 2015. This pales in comparison with progress made by Union Pacific and Canadian Pacific, which lack Norfolk's exposure to Appalachian…

Norfolk Southern improved its first-quarter reported operating ratio to 66.0% from 69.3%, increased operating income 16%, and increased net income 23% on flat carload volume. Operating income, net income, earnings per share, and OR were all first-quarter record performances. Key to these strong results was the 4% increase in revenue per carload (excluding fuel), but we were also impressed by 14% improved train speed and terminal dwell that was 23% better than in the prior-year period. We expect…

United States

Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00