Norfolk Southern Corp

NSC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Norfolk Southern Earnings: Intermodal Grappling With Near-Term Headwinds

Matthew Young

Jan 29, 2026

Norfolk Southern’s fourth-quarter top line fell 2% year over year due to lower intermodal activity, as carloads increased slightly and yield rose 2% on positive core pricing and mix. Consolidated adjusted margin worsened relative to the year-ago period, but that wasn't a surprise.

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Norfolk Southern Corp

Norfolk Southern Earnings: Intermodal Grappling With Near-Term Headwinds

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