Norfolk Southern Corp
NSC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$454.00 | Qdvp | Zxgxkzdlq |
Norfolk Southern Earnings: Intermodal Still Challenged and Derailment Disruption a Big Headwind
Eastern Class I railroad Norfolk Southern’s second-quarter top line flipped negative, falling 8% year over year, due to the East Palestine derailment disruption, weak intermodal container demand, easing accessorial income, and falling fuel surcharges. Revenue missed our forecast due to noise from the derailment disruption and greater-than-expected intermodal demand deterioration.