Norfolk Southern Corp

NSC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|W$	LOCK\|DZ	LOCK\|Y&L&cH

Norfolk Southern Earnings: Noisy Quarter Amid Mixed Volume Trends and Margin Headwinds

Matthew Young

Oct 24, 2025

Norfolk Southern’s third-quarter top line grew 2% on a favorable yield growth comparison and core merchandise pricing gains, as consolidated volumes were flat. Total adjusted profitability improved slightly, but that was primarily driven by an unusually large land sale gain.

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Norfolk Southern Corp

Norfolk Southern Earnings: Noisy Quarter Amid Mixed Volume Trends and Margin Headwinds

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