Brief: Norfolk Southern CEO Says Higher Fuel Prices Have Become Roughly 250-Basis-Point Headwind To Co's Operating Ratio, Leaving Q3 Performance Likely Worse Than Seasonal Trends - Morgan Stanley Conf.
BRIEF-Norfolk Southern CEO Says Higher Fuel Prices Have Become Roughly 250-Basis-Point Headwind To Co's Operating Ratio, Leaving Q3 Performance Likely Worse Than Seasonal Trends - Morgan Stanley Conf. Sept 15 (Reuters) - Norfolk Southern Corp NSC.N:
NORFOLK SOUTHERN CEO SAYS HIGHER FUEL PRICES HAVE BECOME ROUGHLY 250-BASIS-POINT HEADWIND TO CO'S OPERATING RATIO, LEAVING Q3 PERFORMANCE LIKELY WORSE THAN SEASONAL TRENDS - MORGAN STANLEY CONF.
NORFOLK CEO SAYS CO EXPECTS CONTINUED INCREMENTAL SHARE GAINS, WITH NEXT MAJOR OPPORTUNITY TO SHIFT FREIGHT FROM HIGHWAYS TO RAIL COMING DURING 2027 CONTRACT BIDDING SEASON
NORFOLK CEO SAYS CUSTOMERS ARE MOSTLY PAST TARIFF UNCERTAINTY, BUT M.E. CONFLICT'S IMPACT ON FUEL PRICES AND GLOBAL SHIPPING ROUTES REMAINS A CONCERN
NORFOLK CEO SAYS MERGER REVIEW REMAINS BROADLY IN LINE WITH EXPECTATIONS, WITH STB SCHEDULE PROVIDING GREATER VISIBILITY INTO THE PROCESS
Further company coverage: NSC.N
((Reuters.Briefs@thomsonreuters.com;))
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