Norfolk Southern tops quarterly earnings on cost cuts and sales
Norfolk Southern beat estimates with $1.1 billion in quarterly profit, $4.85 per share, and $3.05 billion revenue. Excluding one offs, $3.25 per share on $737 million. The result benefited from $287 million rail-line sales in Virginia and North Carolina and stronger insurance receipts related to the East Palestine derailment. CEO Mark George signals continued efficiency drives and labor relations efforts as the company targets $250 million in annual cost cuts.
MENTIONED IN THIS ARTICLE
Norfolk Southern
East Palestine
Atlanta
Virginia
North Carolina
Ohio-Pennsylvania
East
Palestine
FactSet Research
Norfolk Southern Corp
George
Ancora Holdings
John Orr
Ohio
Lion
Edward Jones
Jeff Windau
United States
Affordable cars lift U S new vehicle sales in 2024
General Motors reports steady average prices near 49000 and a 900 million pretax gain through September but flags no repeat in Q4. New-vehicle demand shifted toward affordable models with 7 percent growth to buyers, 43 percent in the 20000 to 30000 range, while used-vehicle sales rose 59 percent in the 15000 to 20000 bracket. Analysts note a return to pre pandemic patterns as compact cars regain share, while larger pickups and SUVs lag.
MENTIONED IN THIS ARTICLE
General Motors
Roberts
Cox Automotive
Ford
United States
Stellantis
U.S
Cruz warns regulation could choke AI progress in Texas event
Cruz warned at a Sept 21 Texas gathering hosted by the U S Chamber that heavy regulation could stifle artificial intelligence development and end U S leadership, echoing a WSJ op ed co written with Phil Gramm. The piece argues a 1990s hands off internet era spurred growth while Biden rules hinder innovation.
MENTIONED IN THIS ARTICLE
Texas
U.S. Chamber of Commerce
Cruz
U.S
China
Chamber
Wall Street Journal
Phil Gramm
Bill Clinton
Gramm
Biden
America
Joe Biden
Homeland Security and Commerce
National Institute of Standards and Technology
Federal Trade Commission
Consumer Financial Protection Bureau
Federal Housing Finance Agency
FTC
Republican Party
Also Mentioned on This Page
Mark George
Sistent
Alan Shaw
Conway
Pennsylvania
Cle
Keith McCluskey
Chumley
Trax
CarGurus
Chrysler
Jeep
Ram
Chevrolet
Mike MacPhee
MacPhee
Charlie Chesbrough
Chesbrough
Senate Democrats
Will Rinehart
American Enterprise Institute
Senate Commerce Committee
National Artificial Intelligence Research Resource
NAIRA
National Science Foundation
AI Safety Institute
NIST
House
AI Safety Center
Senate
White House
Rinehart
Maria Cantwell
D-Wash
Cathy McMorris Rodgers
R-Wash
House Energy and
Commerce
Michael Petricone
Consumer Technology Association
Petricone
California
Federal Communications Commission
Democrats
Biden Administration
John Thune
R-S.d
Sec
Turner Lee
Justin C. Miller
East Avenue
Elyria
Medina Rd
Ste
Medina
Mee
Sharon
Ting
Dennis H
Sharon Ray
Statehouse
Ray
Medina County
Terry Gr
Tod
Snaron
Wadsworth
Robin Laubaugh
THE
Ohio Society of Cpa
Osma Pac
Securi Commercial
Securitec1.com
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!