Overview

• Norfolk Southern's Q2 revenue rose 2% to $3.04 billion, with merchandise shipping revenue up 4%.
• The company received a $156 million insurance payout, exceeding derailment-related expenses by $65 million.
• Railway operating expenses dropped 20% year-over-year, contributing to a net income of $737 million.
• Norfolk Southern faced a proxy fight with Ancora Alternatives, resulting in three new board members.
• CEO Alan Shaw highlighted $250 million in productivity and safety gains, with further improvements anticipated.