Regulators back streamlined system to challenge rail rates 2022/12/21 00:26:37 mySA
OMAHA, Neb. (AP) — Shippers are praising proposed changes that federal regulators have approved to the system used to dispute rates railroads charge, aiming to update a system that is so costly and cumbersome it is little used. The new procedures the U.S. Surface Transportation Board approved this week may give shippers a way to resolve rate disputes of less than $4 million in a matter of months instead of years, and at a much lower cost. But the major freight railroads expressed reservations about the new system that would take effect sometime early next year. “The board has long sought a suitable method of making adjudication of smaller rate disputes accessible, reasonable, and less time-consuming for affected parties," STB Chairman Martin Oberman said. “Experience has shown that the board’s prior efforts to provide rate review methods suitable for smaller disputes have been rarely used by shippers.” The American Chemistry Council trade group estimated that challenging the rates railroads charge under the existing system costs between $4 million and $5 million and takes about five years on average.
Norfolk Southern train derails after collision with semitruck 2022/12/20 20:19:00 CBS News
The train hit a semitruck that was not able to clear the tracks in time, causing a major disruption, officials said.
Why Analysts Are Pricing in a Recession: Upgrades and Downgrades of Boston Scientific, Conagra, Target and More – 24/7 Wall St. 2022/12/20 16:20:30 24/7 Wall street
Tuesday’s additional top analyst upgrades and downgrades were on BJ’s Wholesale Club, Boston Scientific, Conagra Brands, NetApp, Norfolk Southern, Spirit Airlines, Stitch Fix, Target, Union Pacific and more.
Evercore ISI Downgrades Norfolk Southern to In Line 2022/12/20 11:19:06 Investing.com
Norfolk Southern awards $600,000 to 27 organizations to combat homelessness 2022/12/15 14:00:00 PR Newswire
ATLANTA, Dec. 15, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will donate approximately $600,000 in grants to a variety of organizations that provide shelter and services for the homeless across its 22-state network. The 27 organizations were chosen based on cities that…
Norfolk Southern PT Lowered to $178 at Morgan Stanley 2022/10/03 08:38:10 Investing.com
Norfolk Southern and CSX Corp Downgraded on Deteriorating Macro Backdrop By Investing.com 2022/09/27 16:53:41 Investing.com
Norfolk Southern and CSX Corp Downgraded on Deteriorating Macro Backdrop
UPDATE: UPDATE: UBS Downgrades Norfolk Southern to Neutral (correction) 2022/09/27 11:58:06 Investing.com
Norfolk Southern PT Lowered to $215 at RBC Capital 2022/09/23 05:59:10 Investing.com
Humana (HUM) Stock Pops on Revised Guidance 2022/09/15 14:36:47 InvestorPlace
Source: Keith Homan / Shutterstock.com Humana (NYSE: HUM ) stock is heading higher on Thursday after the health insurance company revised its guidance during its Investor Day event. That revised guidance now has Humana expecting adjusted earnings per share of approximately $25 for the full year of 2022. The prior outlook was for $24.75 per share. To put that in perspective, Wall Street is expecting the company to report an adjusted EPS of $24.83 for the year. To go along with that, Humana also introduced a new adjusted EPS guidance of $37 per share for the full year of 2025. This represents a compounded annual growth rate of 14% compared to its latest adjusted EPS guidance for 2022. Bruce Broussard, president and CEO of Humana, said the following about the earnings report. “We are confident in our ability to deliver compelling, sustainable earnings growth, both in the near and longer term which will continue to drive shareholder value. Our strong competitive positioning and unique capabilities in the highly attractive individual Medicare Advantage market, coupled with the opportunity to scale and further integrate our CenterWell healthcare services capabilities, positions us for durable leadership in the value-based care industry.” HUM is seeing decent trading today with some 700,000 shares on the move.
Nevada State College Extends Contract with YuJa to Continue Providing Innovative, Technology-Rich Video Learning Opportunities 2022/04/08 13:00:00 Kwhen Finance
Federal board ponders future of Gulf Coast passenger trains 2022/04/04 18:59:42 Beaumont Enterprise
A federal board began hearing testimony Monday on whether to let Amtrak resume passenger train service linking New Orleans and Alabama''s main port city over the objections of freight companies. The hearing, conducted virtually by the Surface Transportation Board, will help determine whether the government railroad can once again offer passenger transportation on a section of the northern Gulf Coast where Amtrak hasn''t operated since Hurricane Katrina caused extensive damage in 2005. Freight haulers CSX and Norfolk Southern Railway, in conjunction with the Alabama State Port Authority, contend Amtrak''s plan to run twice-daily, round-trip trips between New Orleans and Mobile would interfere with their traffic and create problems at the Alabama state docks in Mobile. Amtrak should have to make as much as $440 million in improvements before running passenger trains, they argue. Amtrak asked the board to allow passenger trains to begin operating immediately and decide later on what kinds of infrastructure changes are needed.
Rail Freight Global Market Report 2022 2022/04/04 10:00:00 GlobeNewswire
Major companies in the rail freight market include Duetsche Bahn AG, BNSF Railway, Indian Railways, JSC Russian Railways, Union Pacific Corp, China Railway Corporation, Berkshire Hathaway Inc. , Canadian National Railway, CSX Corp, and Norfolk Southern Corp. Major companies in the rail freight market include Duetsche Bahn AG, BNSF Railway, Indian Railways, JSC Russian Railways, Union Pacific Corp, China Railway Corporation, Berkshire Hathaway Inc. , Canadian National Railway, CSX Corp, and Norfolk Southern Corp.
Freight Cars Global Market Report 2022 2022/04/04 09:00:00 GlobeNewswire
Major players in the freight cars market are CN Railway, DB Schenker, Union Pacific, Kansas City Southern, CSX Corporation, Norfolk Southern Corporation, Housatonic Railroad Company, and Linfox Pty Ltd. Major players in the freight cars market are CN Railway, DB Schenker, Union Pacific, Kansas City Southern, CSX Corporation, Norfolk Southern Corporation, Housatonic Railroad Company, and Linfox Pty Ltd.
Norfolk Southern Corporation – Consensus Indicates Potential 6.8% Upside 2022/04/01 10:03:35 DirectorsTalk
Norfolk Southern Corporation found using ticker (NSC) now have 23 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 356 and 200 and has a mean target at 308.83. With the stocks previous close at 289.15 this indicates there is a potential upside of 6.8%. There is a 50 day moving average of 272.26 and the 200 moving average now moves to 270.03. The company has a market capitalisation of $68,389m. You can visit the company''s website by visiting: https://www.norfolksouthern.com [stock_market_widget type="chart" template="basic" color="green" assets="NSC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $73,044m based on the market concensus. Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.