#United States #Atlanta #financial results #Q3 2025 #Norfolk Southern

Norfolk Southern Corporation Reports Strong Financial Performance for Q3 2025

On October 23, 2025, Norfolk Southern Corporation (NYSE: NSC), a leading freight rail service provider in the U.S., released its financial results for the third quarter of 2025. A total revenue of $3.1 billion was reported, alongside a significant income from railway operations reaching $1.1 billion. The company maintained an operating ratio of 64.6%, underscoring its efficiency amid fluctuating market conditions.

Despite facing challenges, including a decline in fuel surcharge revenue by $30 million compared to the previous year's third quarter, Norfolk Southern has shown resilience. The company highlighted an operating ratio adjustment to 63.3% after excluding specific expenses related to mergers and other charges. This reflects a 10 basis point improvement, demonstrating effective cost management strategies during the quarter.

Mark George, President and CEO, expressed confidence in the company’s performance, stating, "Norfolk Southern delivered another quarter of strong results on safety, service, and productivity through a dynamic freight market." The team’s commitment to exceptional service has resulted in record fuel efficiency and notable productivity enhancements, including a remarkable land sale, poised to increase rail volumes moving forward.

The company's focus on sustainability remains a top priority. Norfolk Southern is dedicated to reducing carbon emissions and aims to help its customers avoid approximately 15 million tons of emissions each year through transportation via rail. This commitment highlights the company's role in promoting environmentally friendly logistics and transportation solutions.

Key Highlights from Q3 2025:

• - Revenue Growth: The company reported a revenue increase of $52 million, marking a 2% rise compared to Q3 2024, driven by consistent volumes.
• - Net Income: Adjusted income from railway operations reached $1.1 billion, representing a $21 million increase compared to the previous year when merger-related expenses are excluded.
• - Performance Metrics: The results indicate a solid foundation underpinning Norfolk Southern's business strategy, focusing on safety and operational efficiency.

Looking ahead, Norfolk Southern has raised its productivity target for 2025 from $175 million to approximately $200 million, a testament to the company's optimistic outlook and strategic planning. By continuing to drive efficiencies within its operating structure, Norfolk Southern aims to secure its competitive edge in the freight transportation industry.

In summary, the financial results presented for Q3 2025 illustrate Norfolk Southern's versatility and adaptability in the ever-changing economic landscape. With a dedication to improving service levels, reducing environmental impact, and maximizing productivity, Norfolk Southern stands poised to enhance its market position while delivering value to shareholders and customers alike.

For further information about Norfolk Southern's operations, services, and sustainability efforts, visit www.NorfolkSouthern.com.

• ---

About Norfolk Southern
Established in 1827, Norfolk Southern Corporation has continuously driven the economy by operating an extensive freight transportation network across 22 states. The company plays a crucial role in moving a diverse range of goods and enhancing supply chain logistics in the United States. Its commitment toward sustainability reflects a modern approach to rail transport, ensuring significant reductions in transportation emissions while efficiently handling approximately 7 million carloads annually.

Cautionary Note:
Certain statements in this report represent forward-looking projections and are subject to various risks and uncertainties. Actual outcomes may differ from the expected performance due to unforeseen factors. For more information regarding these statements, please review our latest SEC filings.