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MarketScreener Homepage  >  Equities  >  Nyse  >  Norfolk Southern Corporation    NSC

NORFOLK SOUTHERN CORPORATION

(NSC)
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Norfolk Southern : 2020 Corporate Responsibility report highlights commitment to a more sustainable future

09/24/2020 | 12:10pm EST

Customers who ship with Norfolk Southern helped avoid almost 15 million metric tons of carbon emissions in 2019 by choosing rail for their transportation needs instead of highway shipping, according to Norfolk Southern's recently released Corporate Responsibility report. That equates to saving approximately 1.5 billion gallons of diesel fuel.

'It's a substantial reduction,' said Josh Raglin, Norfolk Southern's chief sustainability officer, who has spent nearly 25 years in the fields of conservation, forestry, and environmental stewardship. 'As companies continue to set climate goals around lowering their emissions, rail can be part of that solution.' Raglin is leading the charge to integrate sustainability into every aspect of the company's business. Trained as a wildlife biologist, Raglin joined NS in 1996 as a ranger at the company's Brosnan Forest conservation and conference center in Dorchester, South Carolina.

Norfolk Southern's 13th annual Corporate Responsibility report highlights the company's performance in a number of areas, featuring initiatives that support a cleaner environment, foster an inclusive workplace, and build stronger and safer communities.

Among initiatives detailed in the report, Norfolk Southern:

  • Invested $2 billion in its rail network to promote safe and efficient operations, modernize technology, and support economic growth in communities NS serves.
  • Led the industry in tapping into Waze, a mobile navigation app, providing alerts to motorists approaching highway-rail grade crossings.
  • Transformed a stretch of eroded shoreline on the Elizabeth River at the railroad's Lamberts Point terminal into a green oasis for oysters and other wildlife.
  • oined the Operation Clean Sweep Pledge aimed at eliminating plastic pollution with a goal of zero loss of plastic resin into the environment.
  • Provided training at no cost to more than 5,800 local emergency responders on how to prepare for and safely respond to potential rail-related incidents.
  • Continued efforts to enhance diversity, equity, and inclusion, and to cultivate a workplace that values all individuals for their experiences and perspectives.
  • Contributed $8.7 million to support communities across the railroad's system.

Norfolk Southern also has posted its 2020 filing with CDP, formerly Carbon Disclosure Project, a voluntary disclosure of the company's carbon emissions and steps the railroad is taking to reduce its carbon footprint and identify climate-related risks.

To access the full Corporate Responsibility report, visit the Environment page on Norfolk Southern's website.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.

Media Inquiries:

Media Relations, 404-420-4444(media.relations@nscorp.com)

Investor Inquiries:

Peter Sharbel, 470-867-4807 (peter.sharbel@nscorp.com)

###

Disclaimer

NS - Norfolk Southern Corporation published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 16:09:03 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 9 764 M - -
Net income 2020 2 015 M - -
Net Debt 2020 11 663 M - -
P/E ratio 2020 30,8x
Yield 2020 1,56%
Capitalization 61 327 M 61 327 M -
EV / Sales 2020 7,48x
EV / Sales 2021 6,88x
Nbr of Employees 24 587
Free-Float 99,9%
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Number of Analysts 27
Average target price 230,88 $
Last Close Price 241,46 $
Spread / Highest target 16,8%
Spread / Average Target -4,38%
Spread / Lowest Target -44,5%
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NameTitle
James A. Squires Chairman, President & Chief Executive Officer
Cindy M. Sanborn Chief Operating Officer & Executive Vice President
Mark George Chief Financial Officer & Executive Vice President
Fredric M. Ehlers Chief Information Officer
Steven F. Leer Lead Independent Director
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