Norfolk Southern Corp. (NSC)

The company now

Norfolk Southern reported third-quarter 2026 revenue of $3.5 billion on 22 October, a quarterly record, up 14 percent from a year earlier 1. Diluted earnings per share, profit per share of stock, were $3.37, up 7 percent 1. Higher fuel surcharges, extra charges billed to customers as fuel costs change, supplied eight points of the revenue growth 1.

Fuel also raised costs, so the operating ratio, the share of revenue used up by operating costs, rose to 67.4 percent from 64.6 percent 12. Excluding merger costs and the Eastern Ohio derailment, the company put the 2026 figure at 65.4 percent 1. Chief executive Mark George said a tighter trucking market highlighted rail's competitive advantages 1.

The larger open question is the agreed sale of the company to Union Pacific, which needs approval from the Surface Transportation Board 2. The board's schedule puts final briefs due on 28 May 2027, and FreightWaves wrote that it pushes a final decision well into the second half of 2027 5. If the agreement ends in specific circumstances, either railroad owes the other a $2.5 billion termination fee 2.

Merger-related costs were $42 million in the quarter and $145 million for the first nine months of 2026 2. The company suspended share repurchases when it signed the agreement 2.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.