Norfolk Southern

J.B. Hunt and Eastern and Canadian railways see steady intermodal volume

NEW YORK – The reduction in U.S.-bound shipments from China after steep tariffs were imposed in April has yet to show up in J.B. Hunt’s intermodal volumes.

“Our volumes have been steady,” J.B. Hunt (NASDAQ: JBHT) Intermodal President Darren Field told an investor conference on Tuesday.

Importers rushed to beat tariff deadlines earlier this year, then paused shipments after tariff hikes were announced on April 2 and have resumed ordering goods from China after a 90-day pause in the trade war was...

https://www.freightwaves.com/news/j-b-hunt-and-eastern-and-canadian-railways-see-steady-intermodal-volume

Regulatory risk a red signal to rail mergers, investors told

NEW YORK – Executives from Canadian National, CPKC, CSX and Norfolk Southern poured cold water on talk about potential Class I railroad mergers during an investment conference this week.

Mergers have become a hot topic in some railroad boardrooms in recent months amid stagnant rail volume, revenue and stock prices. Some see a U.S. transcontinental merger as a way to jump-start volume and earnings growth.

CPKC (NYSE: CP) Chief Executive Keith Creel, who put together the historic 2023 merger of...

https://www.freightwaves.com/news/regulatory-risk-a-red-signal-to-rail-mergers-investors-told

Tariffs temper Canadian National outlook

Canadian National expects to haul slightly more rail freight in 2025 than a year ago, as President Donald Trump’s tariff war tempers expectations for cross-border trade.

“There was a new Trump administration to start the year, so we thought there would be lots of uncertainty,” Chief Executive Tracy Robinson told the Bank of America industrials conference Tuesday in New York. “We continue to be optimistic that trade deals are going to get done, as we saw over the weekend.”

A third of the...

https://www.freightwaves.com/news/tariffs-temper-canadian-national-outlook

Some Class I railroads take fresh look at mergers

It’s been two years since CPKC Chief Executive Keith Creel drove the ceremonial final spike at Knoche Yard in Kansas City, Missouri, to celebrate the merger of Canadian Pacific andhttps://finance.yahoo.com/quote/CNI/ Kansas City Southern. The symbolic event marked what rail executives, regulators and analysts all expected would be the last merger involving two Class I railroads.

But now there are whispers across the railroad industry that some of the big systems are dusting off their merger...

https://www.freightwaves.com/news/some-class-i-railroads-take-fresh-look-at-mergers

Less China means more business for Port of Virginia

VIRGINIA BEACH, Va. — “China” is now a dirty word among fiercely competitive U.S. ports looking to woo global container shippers.

The Port of Virginia offered a carefully crafted message that it’s an ascending powerhouse for container trade without being nearly as reliant on China and that country’s newly deleterious effects as its West Coast maritime brethren.

East Coast ports generally handle a smaller share of China trade than West Coast ports; imports and exports from China and Hong Kong...

https://www.freightwaves.com/news/less-china-means-more-business-for-port-of-virginia

Norfolk Southern, Port of Virginia join forces for US first RailGreen Corridor

The Port of Virginia​ has launched a collaboration with US railway company Norfolk Southern on its new RailGreen program that reduces supply chain emissions for shippers.

According to the announcement, with the first-of-its-kind emission reduction program for freight rail connecting to the East Coast’s most sustainable port, shippers now have the nation’s first “RailGreen Corridor” to conduct business.


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Norfolk Southern runs daily service to...

https://container-news.com/norfolk-southern-port-of-virginia-railgreen-corridor/

Class I railroads keep optimistic outlooks despite trade uncertainty

Despite mounting uncertainty over tariffs, trade policy and the economy, most major railroads held firm on their 2025 outlooks — contrasting with a wave of guidance cuts across other industries.

Among the five publicly traded Class I railroads, Canadian National, Norfolk Southern and Union Pacific kept their guidance intact, while Canadian Pacific Kansas City and CSX made slight downward adjustments during their first-quarter earnings calls over the past three weeks.

The guidance serves as a key...

https://www.freightwaves.com/news/class-i-railroads-keep-optimistic-outlooks-despite-trade-uncertainty

Illinois railcar owner doesn’t have to pay damages in Ohio train derailment

GATX, the company that owned one of the railcars in a 2023 Ohio train derailment, will not have to pay a portion of railroad Norfolk Southern’s $600 million settlement with residents.

After a trial that lasted more than three weeks, a federal jury in Youngstown, Ohio, on Wednesday found GATX Corp. not liable in the settlement for damages caused by the incident in East Palestine.

“GATX is pleased with the trial outcome, which affirms what we have known for some time: Norfolk Southern alone is...

https://www.freightwaves.com/news/illinois-railcar-owner-doesnt-have-to-pay-damages-in-ohio-train-derailment

Cost savings boost Norfolk Southern profits despite impact of winter storms

Norfolk Southern posted higher profits in the first quarter despite flat revenue and the impact of harsh winter weather.

“There’s a lot to be pleased with this quarter,” CEO Mark George said, including delivering financial results in line with expectations despite a “vicious winter” that included 18 storms.

“Our network resiliency was evident again thanks to great planning and execution by our team,” George told investors and analysts on the railroad’s Wednesday morning earnings call.

Adjusted for...

https://www.freightwaves.com/news/cost-savings-boost-norfolk-southern-profits-despite-impact-of-winter-storms

First look: Norfolk Southern earnings

Norfolk Southern Corp. on Wednesday reported a rebound in first-quarter profits despite slightly weaker revenue from a year ago as it recovered from severe winter weather across its network.

The Atlanta-based railroad (NYSE: NSC) reported railway operating revenues of $3 billion, down $11 million compared to the first quarter of 2024. Income from railway operations was $1.1 billion, an increase of $933 million.

Operating ratio in the quarter was 61.7% compared to 92.9% in the first quarter of...

https://www.freightwaves.com/news/first-look-norfolk-southern-earnings

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