
Freight railroads own infrastructure that cannot be replicated, but their dividends depend on variables most income investors overlook.
The Norfolk Southern Railway is a Class I freight railroad in the United States, and is the current name of the former Southern Railway. With headquarters in Atlanta, Georgia, the company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Railway, and previously on CN from Buffalo to St. Thomas.
| Revenue (TTM) | $12.54B |
| Gross Profit (TTM) | $5.66B |
| EBITDA | $5.66B |
| Operating Margin | 35.30% |
| Return on Equity | 17.00% |
| Return on Assets | 5.95% |
| Revenue/Share (TTM) | $55.86 |
| Book Value | $72.36 |
| Price-to-Book | 4.35 |
| Price-to-Sales (TTM) | 5.61 |
| EV/Revenue | 6.88 |
| EV/EBITDA | 15.52 |
| Quarterly Earnings Growth (YoY) | -4.40% |
| Quarterly Revenue Growth (YoY) | 11.40% |
| Shares Outstanding | $224.61M |
| Float | $224.25M |
| % Insiders | 0.04% |
| % Institutions | 77.63% |
Volatility is currently contracting

Freight railroads own infrastructure that cannot be replicated, but their dividends depend on variables most income investors overlook.

Norfolk Southern NYSE: NSC said higher fuel prices are expected to pressure its operating ratio in the second half of the year, reversing the tailwind management had anticipated just two months earlier, while the railroad sees opportunities to gain freight share from trucking and continue investing in service and capacity.

Shippers Across U.S. Industries Cite Expanded Market Access, Stronger Supply Chains and New Growth Opportunities as the Combination's Key Benefits OMAHA, Neb. and ATLANTA, Sept.

Norfolk Southern Corporation (NSC) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Governor cites economic growth, supply chain efficiency and expanded opportunities for South Carolina businesses ATLANTA and OMAHA, Neb., Sept. 15, 2026 /PRNewswire/ -- Momentum continues to build for the proposed Union Pacific-Norfolk Southern combination (NYSE: NSC), with South Carolina Gov.

ATLANTA, Sept. 9, 2026 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi and Executive Vice President and Chief Commercial Officer Ed Elkins will present at the Morgan Stanely 14th Annual Laguna Conference.

Union Pacific NYSE: UNP executives said the company is moving into the merits phase of federal review for its proposed merger with Norfolk Southern, expressing confidence that the transaction will satisfy Surface Transportation Board requirements and create customer, safety and financial benefits.

With NSC shares moving north, we assess the current positioning of the stock to determine if it's a good investment at this juncture.

Headwinds, including high fuel costs, tariff-related tensions, and lingering supply-chain disruptions, hurt the Zacks Transportation -Railroad industry. UNP, CSX and NSC are likely to stand out.

The smart money is split on Norfolk Southern (NYSE:NSC | NSC Price Prediction), and the divergence matters.
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