Skip to Content

Norfolk Southern Corp NSC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Norfolk Southern’s Q1 Merchandise Carloads Sluggish, but Volume Recovering and Intermodal Strong

Matthew Young, CFA Equity Analyst

Analyst Note

| Matthew Young, CFA |

Norfolk Southern’s first-quarter revenue was up 1% year over year, below our forecast as a result of softer-than-expected automotive carloads and weather disruption. Total volume grew 3% as intermodal, automotive, and export thermal coal gains more than offset soft overall merchandise activity. Average revenue per carload fell 2% on lower fuel surcharges and mix (outsize intermodal growth), but as with the other rails, core pricing is rising as limited capacity drives up rates across transportation modes.

Read Full Analysis

Company Profile

Business Description

Class-I railroad Norfolk Southern operates in the Eastern United States. On roughly 21,000 miles of track, the firm hauls shipments of coal (15% of 2019 revenue), intermodal traffic (25%), and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

Contact
Three Commercial Place
Norfolk, VA, 23510-2191
T +1 757 629-2680
Sector Industrials
Industry Railroads
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 20,156

Related