norfolk southern corp (NSC) Key Developments
Norfolk Southern Announces Additional Responsibilities for Jeffrey S. Heller and Cary G. Booth in Intermodal Department
May 28 15
Norfolk Southern announced that Jeffrey S. Heller and Cary G. Booth have assumed additional responsibilities in Norfolk Southern's intermodal department. Heller, currently vice president intermodal and automotive marketing, is now vice president intermodal and automotive, and will report to Shaw. Heller will continue responsibility for intermodal and automotive marketing and sales, adding responsibility for intermodal operations and systems. Booth, currently assistant vice president intermodal service development, is now group vice president intermodal operations, and will report to Heller, with responsibility for intermodal terminals, equipment, and service. In their expanded roles, Heller and Booth are handling the responsibilities formerly conducted by Shaw as the corporation's previous vice president intermodal operations. Both changes were effective May 16. Heller and Booth have offices in Norfolk. Heller joined Norfolk Southern's international intermodal group in 1994 after working with container shipping and intermodal companies both in the U.S. and abroad. He was named group vice president international intermodal in 2004 and then vice president of intermodal and automotive marketing, his most recent position, in 2013. Booth joined Norfolk Southern in 1984 as a management trainee. He served in positions of increasing responsibility in the corporation's marketing and intermodal departments before being named director intermodal operations East in 1998 and then assistant vice president intermodal service development, his most recent position, in 2006.
Norfolk Southern Corp. Names Alan Shaw as Executive Vice President and Chief Marketing Officer
May 14 15
Alan H. Shaw has been named executive vice president and chief marketing officer by the board of directors of Norfolk Southern Corp. The appointment is effective May 16, 2015, with an office in Norfolk, and Shaw will report to NS President James A. Squires. He succeeds Donald W. Seale, who retired after 39 years in management positions in NS' marketing division. Reporting to Shaw will be NS' merchandise, intermodal, and coal marketing organizations; the teams that manage shipping options such as short line connections and the transload network; real estate services; and the corporation's industrial development services for companies that want to locate and expand rail-served businesses.
Norfolk Southern Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter of 2015
Apr 29 15
Norfolk Southern Corporation reported unaudited consolidated earnings results for the first quarter of 2015. For the quarter, the company reported net income of $310 million,16% lower compared with $368 million during the same period of 2014. Diluted earnings per share were $1.00 compared with $1.17 per diluted share earned in the first quarter last year. Total railway operating revenues were $2,567 million compared to $2,689 million a year ago. Income from railway operations were $606 million compared to $667 million a year ago. Income before income taxes was $495 million compared to $554 million a year ago. Net cash provided by operating activities was $605 million compared to $588 million a year ago. Property additions were $392 million compared to $381 million a year ago.
Norfolk Southern Corporation Declares Regular Quarterly Dividend, Payable on June 10, 2015
Apr 28 15
Norfolk Southern Corporation announced the regular quarterly dividend of 59 cents per share on its common stock, payable on June 10, 2015 to stockholders of record on May 1, 2015.
Norfolk Southern Corporation Announces Board Changes
Apr 21 15
Bruno Maestri and Robert E. Mart?nez will assume additional responsibilities for Norfolk Southern Corp. This follows the retirement of F. Blair Wimbush, the railroad's vice president real estate and corporate sustainability officer. The changes are effective May 1, 2015. Maestri, vice president government relations and corporate communications, is named vice president government relations, corporate communications, and corporate sustainability officer, with office in Washington. His responsibilities include federal legislative and regulatory affairs, state relations, community affairs, and corporate communications, in addition to the new responsibilities relating to NS' sustainability programs to improve locomotive fuel efficiency and emissions, energy use, land conservation, waste management, and water conservation. Maestri joined NS in 1995 and served in several positions relating to environmental management and protection, and then public affairs, before being named to his most recent position in 2005. Mart?nez, vice president business development, is named vice president business development and real estate, with office in Norfolk. His responsibilities include business development, market research, ports and international, and industrial development, in addition to his new responsibilities relating to NS' real estate services, including purchase, sale, and development of property; natural resource management; and projects associated with wire, pipeline, and fiber optics. Mart?nez rejoined NS in 1998 and served in several marketing positions before being named to his most recent position in 2003. Earlier, he had worked at NS for a year before serving a four-year stint as Secretary of Transportation for Virginia.