Norfolk Southern (NSC) has provided an update.
Norfolk Southern Corporation has appointed John Orr as the new Executive Vice President & Chief Operating Officer. In conjunction with this appointment, the company negotiated an agreement with Canadian Pacific Kansas City Limited to waive Orr’s non-compete provisions, allowing for certain commercial adjustments at the Meridian Speedway and Terminal, which are not expected to significantly impact Norfolk Southern. Additionally, amendments to the Dallas Terminal Marketing Agreement and the Meridian Lease Agreement have been made, fostering increased competition in intermodal traffic, yet representing only a minor portion of the company’s revenue and maintaining the company’s strategic options for the future.
For detailed information about NSC stock, go to TipRanks’ Stock Analysis page.
