Norfolk Southern Hires VP Transportation With Precision Railroading Experience; Maintain FVE
We're maintaining our fair value estimate for Norfolk Southern and already bake into our model substantial operating ratio (OR) improvement, but we note a positive development announced yesterday. Norfolk named Mike Farrell senior VP transportation effective immediately.The two large public railroads that have not yet implemented precision scheduled railroading (PSR) in recent months have indicated they are adopting this methodology, but both Norfolk Southern and Union Pacific seemed to us to b...
Norfolk Southern is a holding company. Through its subsidiaries, the company is engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company also transports overseas freight through several Atlantic and Gulf Coast ports. The company provides intermodal network in the eastern half of the United States. The company's railroad operates in several states and the District of Columbia. The company's system reaches manufacturing plants, electric generating facilities, mines, distribution centers, transload facilities, and other businesses in its service area.
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