Class I Briefs: CN, UP
CN set a new March record for grain movement in Western Canada, moving over 2.96 million metric tons and achieving its highest-ever first-quarter results for grain movement. Union Pacific (UP) reached an agreement with the American Train Dispatchers Association (ATDA), guaranteeing jobs for life for union employees after UP and Norfolk Southern (NS) combine to create America’s first single-line, coast-to-coast railroad. This marks the sixth national union to secure such job protection with UP in anticipation of the merger.
Union Pacific Locks In the Lowest Operating Ratio in Rail: Here’s Why Analysts Set a Target Above $270
Union Pacific (UNP) is praised by analysts for its strong operational performance, including a record-low operating ratio, and its planned $85 billion merger with Norfolk Southern. Analysts have a mean price target of $271.38, indicating an 11% upside, despite concerns about a muted economic environment. The company's focus on productivity gains, locomotive modernization, and the strategic merger are expected to drive future EPS and revenue growth.
Jefferies Adjusts Price Target on Norfolk Southern to $310 From $350, Maintains Hold Rating
Jefferies has adjusted its price target for Norfolk Southern (NYSE: NSC) from $350 to $310, while maintaining a Hold rating on the stock. This update reflects a change in the analyst's valuation perspective for the railway company. The article cites several recent news items related to Norfolk Southern, including other analyst rating changes and operational partnerships.
Y.D. More Investments Ltd Takes $2.27 Million Position in Norfolk Southern Corporation $NSC
Y.D. More Investments Ltd has initiated a new position in Norfolk Southern Corporation (NYSE: NSC), acquiring 7,846 shares valued at approximately $2.27 million during the fourth quarter. This move comes as Norfolk Southern reported strong Q4 earnings, surpassing analyst estimates with $3.22 EPS, and institutional investors collectively own about 75.1% of the company's stock. Analysts currently hold an average "Hold" rating for NSC with a consensus price target of $307.89.
Capricorn Fund Managers Ltd Acquires Shares of 25,000 Norfolk Southern Corporation $NSC
Capricorn Fund Managers Ltd has acquired a new position in Norfolk Southern Corporation (NYSE:NSC), purchasing 25,000 shares valued at approximately $7.22 million, making it the 17th largest holding in their portfolio. Other institutional investors have also recently adjusted their stakes in Norfolk Southern, with significant purchases from Pentwater Capital Management LP and UBS AM. Analysts have provided mixed ratings, with an average target price of $307.89, and the company recently announced a quarterly dividend of $1.35 per share.
Canadian National Railway's Grain Haulage Record Fuels Investor Optimism
Canadian National Railway (CNR) achieved its best-ever first quarter for grain haulage in March 2026, transporting over 2.96 million tonnes from Western Canada, alongside historic monthly volumes. The company is also investing $750,000 in homelessness prevention in Chicago, a key operational hub. Investors are now awaiting CNR's Q1 financial results on April 29, 2026, to see how these operational successes impact its bottom line.
Will Norfolk Southern's (NSC) Jaguar Partnership and Doraville Upgrades Reshape Its End-to-End Rail Narrative?
Norfolk Southern (NSC) has partnered with Jaguar Transport Holdings to manage local switching and upgrade its Doraville transload terminal, aiming to extend its network reach and improve service. While this partnership is incremental, it aligns with Norfolk Southern's broader strategy focusing on efficiency, cost control, and potential end-to-end integration with Union Pacific. Investors should monitor upcoming Q1 2026 earnings for a more comprehensive understanding of the company's progress against challenges like weather disruptions and intermodal competitiveness.
Will Norfolk Southern's (NSC) Jaguar Partnership and Doraville Upgrades Reshape Its End-to-End Rail Narrative?
Norfolk Southern (NSC) has partnered with Jaguar Transport Holdings for local switching and management of its Doraville transload terminal, including infrastructure upgrades to boost freight capacity. This move aims to extend Norfolk Southern's network reach and improve first- and final-mile service, potentially aligning with an end-to-end combination with Union Pacific. While the Doraville agreement is seen as incremental, investors will be looking to the upcoming Q1 2026 earnings release for more significant insights into the company's financial narrative, focusing on efficiency, cost control, and broader market challenges.
Norfolk Southern, Jaguar Transport Holdings to offer short line service near Atlanta
Norfolk Southern and Jaguar Transport Holdings have partnered to provide short line rail service in Doraville, Georgia, near Atlanta. Norfolk Southern will lease its Doraville rail corridor and transload terminal to Jaguar, which will operate local switching services and invest in infrastructure upgrades. This agreement aims to drive freight growth, expand capacity, and improve local service in the metro Atlanta area, aligning with Norfolk Southern's strategy to use partnerships for market expansion and network reach.
FNY Investment Advisers Boosts Stake in Norfolk Southern
FNY Investment Advisers significantly increased its stake in Norfolk Southern Corporation by 12,900% in the fourth quarter, now owning 13,000 shares valued at $3.75 million. This substantial increase reflects the hedge fund's confidence in the railroad operator's potential and signals a positive outlook for the U.S. industrial and logistics sectors. Norfolk Southern constitutes 1.1% of FNY Investment Advisers' portfolio, making it its 15th largest position.
FNY Investment Advisers LLC Boosts Stock Position in Norfolk Southern Corporation $NSC
FNY Investment Advisers LLC significantly increased its stake in Norfolk Southern Corporation (NYSE:NSC) by 12,900% in Q4, acquiring 13,000 shares valued at $3.75 million. This makes Norfolk Southern its 15th-largest holding, representing 1.1% of the firm's portfolio. The railroad operator exceeded EPS estimates for Q4 and offers a quarterly dividend of $1.35, with an average analyst rating of "Hold" and a $307.89 price target.
A Look At Norfolk Southern (NSC) Valuation After The Jaguar Doraville Partnership Announcement
Norfolk Southern (NSC) has partnered with Jaguar Transport Holdings for its Doraville, Georgia, terminal, drawing attention despite a recent decline in its 30-day share price. While the popular narrative suggests NSC is 8.6% undervalued with a fair value of $314.11 due to efficiency gains and strategic plans, Simply Wall St's DCF model indicates the shares might be overpriced at $287.00 against an estimated future cash flow value of $207.94. This article encourages investors to consider both perspectives, along with risks like storm restoration costs and regulatory uncertainty.
Norfolk Southern Corporation $NSC Shares Purchased by Aberdeen Group plc
Aberdeen Group plc increased its holdings in Norfolk Southern Corporation (NYSE:NSC) by 1.8% in the fourth quarter, bringing its total ownership to 455,742 shares valued at $131.58 million. Other institutional investors also modified their stakes in NSC. The article also covers recent analyst ratings, financial performance, and dividend information for Norfolk Southern.
The American Train Dispatchers Association and Union Pacific Railroad Reach Agreement to Protect Union Jobs for Life
The American Train Dispatchers Association (ATDA) and Union Pacific Railroad have reached an agreement guaranteeing jobs for life for ATDA union employees following Union Pacific's planned merger with Norfolk Southern. This makes ATDA the sixth union to secure such a historic job security agreement with Union Pacific. The agreement reflects Union Pacific's commitment to its workforce and addresses a significant aspect of the merger, which aims to create the first single-line, coast-to-coast railroad in America.
Norfolk Southern renews Atlanta headquarters lease in $498.7 million deal By Investing.com
Norfolk Southern Corporation has renewed its Atlanta corporate headquarters lease for an additional five years in a $498.7 million deal. The agreement, effective April 1, structures the lease as a finance lease and requires Norfolk Southern to cover maintenance, insurance, and property taxes. This renewal follows a strong Q4 2025 performance and a new partnership with Jaguar Transport Holdings, despite a downgrade from UBS.
Norfolk Southern (NYSE: NSC) renews $498.7M Atlanta HQ finance lease
Norfolk Southern (NYSE: NSC), through its subsidiary Norfolk Southern Railway, has renewed its finance lease agreements for its Atlanta headquarters building with BA Leasing BSC, LLC, totaling approximately $498.7 million. The updated agreement treats the transaction as a finance lease, with a new five-year base term commencing April 1, 2026. Under the triple-net lease, Norfolk Southern Railway will pay variable monthly rent based on Term SOFR plus a margin and will be responsible for all operating costs, with the parent company guaranteeing all obligations.
Union Pacific Guarantees Post-Merger Jobs to American Trade Dispatchers Union
This article briefly reports on Union Pacific's guarantee of post-merger jobs to the American Trade Dispatchers Union. It also includes information on Unity Software's fourth-quarter financial results, noting a 35% revenue increase year-over-year to $609 million and a quarterly loss of 66 cents per share. The content implies that the full report from WSJ requires logging in.
Norfolk Southern (NYSE: NSC) director receives deferred stock unit grant
Norfolk Southern (NYSE: NSC) director Richard H. Anderson received a grant of 233.4495 deferred stock units as part of his director compensation. These units were valued at $287.00 per share, based on the closing market value on March 31, 2026. Following this grant, Anderson's total deferred stock units in the company's plan now stand at 1,506.4479, which will be settled in cash upon his retirement or at an elected time.
Union Pacific EVP Gehringer sells $469k in stock
Union Pacific's EVP of Operations, Eric J. Gehringer, sold 1,999 shares of common stock for approximately $469,625 on March 20, 2026, under a Rule 10b5-1 trading plan. The railroad operator has also been noted for a significant modernization agreement with Wabtec, an upgrade to Outperform by Baird due to an anticipated merger with Norfolk Southern, and continued positive ratings from RBC Capital Markets and BofA Securities despite regulatory scrutiny and potential cost pressures.
Amtrak, Union Pacific Settle Sunset Limited Dispute (Updated April 2, 2026)
Amtrak and Union Pacific have reached a settlement regarding the on-time performance of Amtrak’s Sunset Limited service, concluding a dispute that began in 2022. The agreement includes commitments from Union Pacific to improve service, consequences for failing to meet those commitments, and continuous training for UP personnel regarding their responsibilities under federal law. Additionally, a new agreement allows Amtrak to reroute a segment of the Sunset Limited onto UP-owned tracks near Avondale, La., which took effect immediately.
Transportation Fund's Norfolk Southern Corp(NSC) Holding History
This article details Transportation Fund's historical holdings in Norfolk Southern Corp (NSC), as of December 31, 2025. It shows that the fund holds 674 shares valued at $194,600.00, representing 2.74% of its portfolio. The fund has an estimated gain of $112,852.42, or 9.89%, on its NSC investment.
BMO Capital Adjusts PT on Union Pacific to $278 From $295, Maintains Market Perform Rating
BMO Capital has reduced its price target for Union Pacific (UNP) to $278 from $295, while maintaining a Market Perform rating on the stock. This adjustment reflects a revised outlook from the analyst firm. Union Pacific Corporation specializes in railway transportation, primarily handling merchandise across North America.
Stronger Bet Than Norfolk Southern Stock: CP Delivers More
This article argues that CP is a stronger investment than Norfolk Southern (NSC) stock, citing CP's lower valuation (P/OpInc) but higher revenue and operating income growth. The analysis compares key financial metrics of both companies over the last year and three years, suggesting that CP offers a better risk-reward profile. It also notes that the current disparity in performance reinforces the idea that NSC stock may be overvalued relative to its peers.
Battle of the Rail Barons: How a Merger is Setting the Industry on a Collision Course
Union Pacific's proposed $85 billion acquisition of Norfolk Southern, which would create the first transcontinental railway in the U.S., is facing significant opposition. Critics, including rival railway CPKC and various trade bodies and unions, argue the merger would reduce competition, increase shipping costs, and concentrate too much market power. The Surface Transportation Board rejected Union Pacific's initial application as incomplete, with a resubmission expected by April 30 and a final decision in 2027.
Should Investors Retain CSX Stock Despite Its Higher Valuation?
Despite CSX Corporation's higher valuation and headwinds like a significant debt load, weak coal market, and supply-chain issues, investors are advised to retain the stock. This recommendation is based on the company's commendable focus on employee safety, efforts to strengthen relations with employees through collective bargaining agreements, and consistent shareholder returns via dividends and share buybacks. The article suggests waiting for a better entry point for new investments but encourages current holders to stay invested, supported by CSX's current Zacks Rank #3 (Hold).
BofA reiterates Buy on Union Pacific stock, keeps $297 target
BofA Securities has reiterated a Buy rating on Union Pacific Corp. (NYSE:UNP) and maintained its $297 price target, citing strong profitability despite potential cost pressures from rising oil prices in early 2026. The firm adjusted its Q1 2026 operating ratio estimate and noted the company's "GOOD" financial health score, with expectations for productivity gains. Recent news includes a slight earnings miss for Q4 2025, a significant modernization agreement with Wabtec, and increased regulatory scrutiny over suggested merger talks.
BofA reiterates Buy on Union Pacific stock, keeps $297 target
BofA Securities has reiterated a Buy rating on Union Pacific Corp. (NYSE:UNP) and maintained its $297 price target, indicating a 22% upside. Despite the stock appearing slightly overvalued according to InvestingPro analysis, the firm expects the railroad operator to face cost pressures from rising oil prices in Q1 and Q2 2026 due to geopolitical events. Union Pacific maintains strong profitability with a 56% gross profit margin and is undertaking a significant locomotive modernization agreement.
Rothschild & Co Redburn Lowers Norfolk Southern (NYSE:NSC) Price Target to $308.00
Rothschild & Co Redburn has lowered its price target for Norfolk Southern (NYSE:NSC) to $308.00 from $317.00, while maintaining a "neutral" rating. This adjustment implies a potential upside of 6.57% from the previous close, aligning with the overall "Hold" consensus rating and average price target of $307.89 from other analysts. Institutional ownership remains high at 75.1%, and the company recently surpassed EPS expectations, reporting $3.22 against an estimated $2.76.
Atlanta shippers get faster rail access under Norfolk Southern deal
Norfolk Southern (NYSE: NSC) and Jaguar Transport have partnered to enhance freight capacity and transload connectivity in northeast metro Atlanta. Jaguar will operate Norfolk Southern's Doraville transload terminal, manage local switching, and invest in infrastructure upgrades to boost freight volumes and industrial development. This collaboration aims to provide faster first- and final-mile connections for customers, aligning with Norfolk Southern's strategy to extend network reach and improve local service.
Norfolk Southern Advances Growth Strategy With New Short Line Partnership
Norfolk Southern Corporation has partnered with Jaguar Transport Holdings, LLC to enhance freight capacity and service in metro Atlanta. This collaboration involves Jaguar handling local switching, operating a transload terminal, and investing in infrastructure upgrades to boost freight volumes. The initiative aligns with Norfolk Southern's broader strategy to extend its network reach and improve local service through targeted partnerships, supporting its proposed combination with Union Pacific.
Should shareholders continue to hold CSX shares even though their valuation has increased?
CSX Corporation's shares appear overvalued with a forward 12-month P/E ratio higher than industry averages and a D Value Score. While the company faces challenges like operational disruptions, high debt, and a declining coal market, it has positive aspects including improved safety, strong labor relations, and consistent shareholder returns through dividends and buybacks. Given these mixed signals, analysts recommend a "Hold" rating, suggesting existing shareholders maintain their positions but new investors await a better entry point.
Should Investors Retain CSX Stock Despite Its Higher Valuation?
Despite CSX Corporation (CSX) facing challenges like high valuation, network issues, elevated debt, and a weak coal market, investors are advised to retain the stock. The company's focus on employee safety, strong labor relations through collective bargaining agreements, and consistent shareholder returns via dividends and share buybacks are positive factors. While acknowledging its unattractive valuation and headwinds, the article suggests waiting for a better entry point for new investors and prudence for existing stockholders, aligning with its Zacks Rank #3 (Hold).
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter 2026 financial results during a live conference call and internet webcast on Friday, April 24, 2026, at 8:30 a.m. ET. The quarterly earnings will be released prior to the call, and a press release will be available on the company's Investors page. A replay of the webcast will also be accessible on the website.
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation will announce its first quarter 2026 financial results during a live conference call and internet webcast on Friday, April 24, 2026, at 8:30 a.m. ET. The earnings results will be released prior to the call, with a press release available on the Investors page of the company's website. The company also provided details on how to participate in the teleconference or live webcast, and access replays.
Canadian National Railway (TSE:CNR) Given a C$156.00 Price Target by Desjardins Analysts
Desjardins analysts have set a C$156.00 price target and a "buy" rating for Canadian National Railway (TSE:CNR), suggesting a potential upside of 9.59% from its previous close. This aligns with a "Moderate Buy" consensus rating and an average target price of C$153.60 from various analysts, despite some recent target adjustments and a downgrade from UBS. The company recently reported quarterly earnings of C$2.08 per share and revenue of C$4.46 billion.
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter 2026 financial results through a live conference call and internet webcast on Friday, April 24, 2026, at 8:30 a.m. ET. The earnings results will be released prior to the call, and a press release will be available on the company's Investors page. Interested parties can participate via teleconference or live webcast, with a replay also available afterwards.
Bernstein raises Norfolk Southern (NSC) price target amid merger talks
Bernstein has increased its price target for Norfolk Southern (NSC) shares to $275, up from $260, following recent reports of a potential merger between Canadian Pacific Kansas City (CP) and CSX Corporation (CSX). The firm's analysis indicates that a CP-CSX merger, if approved, would likely face antitrust scrutiny and could necessitate divestitures, particularly in high-overlap areas. Bernstein does not view a CP-CSX merger as a definitive positive for NSC without knowing the details of potential divestitures.
Power REIT 10‑K: Revenue $2.01M; Net Loss $(2.20)M
Power REIT reported a revenue of $2.01 million for the year, a decrease from $3.05 million, primarily due to lower rental income. The company recorded a net loss of $2.20 million, which is an improvement compared to the prior year's $24.71 million loss, largely attributed to reduced impairments and debt settlement gains. Management is focusing on optimizing its portfolio by selling non-core assets and pursuing new real estate opportunities to enhance long-term property cash flows.
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation (NYSE: NSC) will announce its first quarter 2026 financial results on April 24, 2026, during a live conference call and internet webcast at 8:30 a.m. ET. The earnings results will be released prior to the call, with a press release posted on the company's Investors page. Interested parties can participate via teleconference or live webcast, and a replay will be available afterward.
Norfolk Southern Corp. stock rises Tuesday, still underperforms market
Norfolk Southern Corp. (NSC) stock increased by 1.65% on Tuesday, closing at $287.00. Despite this gain, which broke a two-day losing streak, the stock still underperformed the broader market, as the S&P 500 Index rose by 2.91% and the Dow Jones Industrial Average increased by 2.49%.
Quarterly results land before Norfolk Southern’s April 24 webcast
Norfolk Southern (NSC) will release its first-quarter 2026 financial results on April 24, 2026, followed by a live conference call and webcast at 8:30 a.m. ET. The company's prior earnings date announcements have historically resulted in minimal stock price movement. Investors can access results and the webcast details on the company's Investors page.
Bernstein Maintains Norfolk Southern(NSC.US) With Buy Rating, Cuts Target Price to $313
Bernstein has reiterated its "Buy" rating on Norfolk Southern (NSC.US) but has reduced its price target for the company to $313. This adjustment suggests a continued positive outlook on the stock, albeit with a slightly revised valuation.
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation (NYSE: NSC) will announce its first quarter 2026 financial results during a live conference call and internet webcast at 8:30 a.m. ET on Friday, April 24, 2026. Quarterly earnings results will be released in advance of the call and a press release will be posted on the Investors page of the company's website. A replay will be available after the live broadcast.
Norfolk Southern to announce first quarter 2026 earnings results on April 24, 2026
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter 2026 financial results through a live conference call and internet webcast on Friday, April 24, 2026, at 8:30 a.m. ET. The company will release its quarterly earnings results prior to the call, with a press release posted on the Investors page of its website. Interested parties can participate via teleconference or a live webcast, with a replay available afterward.
Bernstein Adjusts Norfolk Southern Price Target to $313 From $322, Maintains Outperform Rating
Bernstein has adjusted its price target for Norfolk Southern (NSC) to $313, down from $322, while maintaining an Outperform rating on the stock. This news comes amidst other analyst adjustments for Norfolk Southern's price target, with some increasing and some decreasing their targets in recent weeks, reflecting varied market sentiments. The report also highlights Norfolk Southern's business segments, including freight and intermodal transportation, and its extensive rail network.
Norfolk Southern Corporation (NYSE:NSC) Short Interest Down 17.9% in March
Norfolk Southern Corporation (NYSE:NSC) experienced a 17.9% decrease in short interest in March, with 8,726,471 shares shorted as of March 13th, representing 3.9% of its stock. The company recently reported strong Q4 EPS of $3.22, beating estimates, and maintains a "Hold" consensus rating with a target price of $309.95. Institutional investors hold approximately 75.1% of the shares, with several key investors increasing their stakes in the company over recent quarters.
Why Norfolk Southern Cut Capital Spending by $450 Million and Still Recovered Free Cash Flow
Norfolk Southern (NSC) significantly improved its productivity in Q4 2025 by cutting its operating ratio to 65.3% and achieving a 7% headcount productivity figure, moving more freight with fewer employees. The company's free cash flow surged to $2.2 billion, nearly $500 million above the prior year, despite a $450 million reduction in its two-year capital budget. Wall Street analysts are cautiously optimistic, with a mean price target implying 10.7% upside, contingent on volume recovery and the successful advancement of its merger application with Union Pacific.
CN investors get April 29 look at railway's Q1 results and outlook
CN (NYSE: CNI) will release its first-quarter 2026 financial and operating results before markets open on April 29, 2026. Senior officers, led by CEO Tracy Robinson, will review the results and outlook during a conference call at 8:30 a.m. ET. Investors can access the call via telephone or a live webcast on CN's investor relations website, with a replay available afterward.
Norfolk Southern Earnings Preview: What to Expect
Norfolk Southern (NSC) is anticipated to announce its Q1 2026 earnings on April 23, with analysts expecting diluted EPS of $2.70, a slight increase from the prior year. The company has a history of surpassing EPS estimates in three of its last four quarters. NSC's stock has shown strong performance, rising 20.4% over the past 52 weeks, outperforming both the S&P 500 and the State Street Industrials Select Sector SPDR ETF.
Total assets of Canadian National Railway Company – BSESOF:CY2
This article provides financial data for Canadian National Railway Company (BSESOF:CY2), specifically focusing on its total assets. It presents a table showing the period, value, change, and percentage change for the company's assets. The data is supplied by ICE Data Services and FactSet Research Systems Inc.
