NS Earnings: Net Income Down 23 Percent

July 27, 2015 Todd DeFeo 0

Norfolk Southern Corp. today reported net income for the quarter was 23 percent lower than a year ago. Net income for the quarter was $433 million compared to a record $562 million for the second quarter of 2014. Diluted earnings per share were $1.41, down from $1.79 per diluted share in the second quarter a year ago. “While we face short-term pressure, particularly as we clear fuel surcharge revenue and coal headwinds, Norfolk Southern is well positioned to continue improving service, which will reduce costs and add value to our customers,” CEO James A. Squires said in a news release. “Growth within the

Norfolk Southern to Close Roanoke Office Building, Relocate Employees

January 27, 2015 Railfanning.org News Wire 0

Norfolk Southern will close its Roanoke office building at 110 Franklin Road SE later this year and relocate the functions currently housed there to Atlanta or Norfolk, the company said today. Approximately 500 people currently work in the building in marketing, accounting, information technology, and other departments. Affected employees will have the option of relocating with their positions. The action is being taken to foster departmental synergies and to make better use of the company’s real estate assets and support the company’s goal of streamlining its management workforce. Norfolk Southern is in the final process of evaluating which positions will

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