ABC News on Nostr: Norfolk Southern CEO optimistic about 2025 after solid fourth quarter ========== ...

Norfolk Southern CEO optimistic about 2025 after solid fourth quarter
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Norfolk Southern earned $733 million, or $3.23 per share, in Q4 2024, up from $527 million, or $2.32 per share, in Q4 2023; boosted by $32 million from insurance related to the East Palestine derailment and $40 million from rail line sales; CEO Mark George optimistic about 2025 due to customer support and regulatory meetings; expects revenue growth of 3% in 2025; East Palestine derailment costs expected to total nearly $2.2 billion; revenue slipped 2% to $3.02 billion despite hauling 3% more freight; major railroads anticipate regulatory waivers for automated inspections; Democratic Rep. Chris Deluzio advocates for stricter regulations; tariffs may impact imports but George believes domestic production will balance it out.

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https://abcnews.go.com/Business/wireStory/norfolk-southern-ceo-optimistic-2025-after-solid-fourth-118212624