From Yahoo Finance: 2025-04-23 09:18:00

Norfolk Southern Corp. reported a rebound in first-quarter profits despite slightly weaker revenue compared to last year due to severe winter weather. Railway operating revenues were $3 billion, down $11 million, but income from railway operations increased by $933 million. Operating ratio improved to 61.7% from 92.9% in 2024.

The company benefited from insurance payouts related to a major derailment in 2023, totaling $141 million in the first quarter. President and CEO Mark George cited increased service performance boosting customer confidence and market share. Norfolk Southern faced challenges in 2024, including board changes and CEO dismissal.

The improvement in earnings follows a challenging 2024 for Norfolk Southern, marked by investor intervention and CEO dismissal due to inappropriate behavior. The company’s recovery is attributed to increased service performance, insurance payouts, and regained customer confidence, leading to a gain in market share. CEO Mark George expressed optimism about the future.



Read more at Yahoo Finance: First look: Norfolk Southern earnings