Norfolk Southern (NYSE: NSC) reported strong Q2 2025 results, with revenue reaching $3.1 billion and diluted EPS increasing 5% year-over-year to $3.41.
The company achieved an operating ratio of 62.2% and railway operating income of $1.2 billion.
After adjusting for restructuring and continuing costs from the East Palestine derailment, NS’s adjusted EPS was $3.29, an 8% increase, and its operating ratio improved to 63.4%. Volume saw a 3% growth, and productivity savings are now projected to exceed $175 million in 2025.
In a significant development, NS announced a merger agreement with Union Pacific, which will establish America’s first transcontinental railroad. Under the terms of the agreement, NS shareholders will receive one Union Pacific share plus $88.82 in cash for each NS share, valuing Norfolk Southern at $85 billion.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now