Analysis: Norfolk Southern Corporation

US:NSC

Why is Norfolk Southern Corporation stock rising?

  • Continued ramp-up of Warrior Met Coal's Blue Creek metallurgical coal facility in Alabama is expected to keep adding export coal volume for Norfolk Southern.
  • Norfolk Southern's planned Jaguar Transport Holdings short-line and transload partnership in Doraville, Georgia is expected to add local service capacity in Metro Atlanta.
  • New Louisville service with Union Pacific and a newly announced Air, Massachusetts service are intended to strengthen Norfolk Southern's product offering and New England competitive position.
  • SODECIA AAPICO joint venture will build a new manufacturing facility in Orangeburg County, South Carolina, to produce ladder frames for Scout Motors.
  • Virginia Transformer will build a new power transformer plant in Muscle Shoals, Alabama, supporting future heavy-manufacturing rail demand.

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