Norfolk Southern

First time to the legislative table: NS, Amtrak and PennDOT in Pittsburgh

The Pittsburgh Downtown Partnership has released its testimony from a Aug. 23 hearing regarding increasing rail service to western Pennsylvania. “I think it’s one of the first times that Amtrak, PennDOT and Norfolk Southern were all at the same table answering questions from legislators on this issue,” says Lucinda Beattie, Vice President of Transportation for the Pittsburgh Downtown Partnership, a business advocacy group focused on the revitalization of Pittsburgh.

For NS, a record-low operating ratio

Like most of its peers, Norfolk Southern’s second-quarter 2016 volume, revenues and income were down compared to the same period last year, but the railroad managed lower its operating ratio to below 70% and expects to sustain that for the remainder of the year.

Commentary

Hunter Harrison: Disrupting the status quo

National Transportation Policy mandates that railroads be managed efficiently. While railroad performance is reflective of improvement, some railroads excel, with the reasons increasingly under digital scrutiny by activist money managers entrusted with investments of foundations, endowments and pension funds seeking superior returns.

Jason Seidl: NS valuation “remains too cheap”

“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of the Iceberg, on May 5, 2016.

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