Top 10 Transportation Stocks To Own For 2015: Norfolk Souther Corporation(NSC)
Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. The company transports coal products, such as coal, coke, and iron ore; automotive products, including finished vehicles and auto parts; chemicals products consisting of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and municipal wastes; metals and construction products comprising steel, aluminum products, machinery, scrap metals, cement, aggregates, bricks, and minerals; and paper, clay, and forest products, including lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, and clay. It also transports agriculture, consumer, and government products, such as soybeans, wheat, corn, fertilizer, animal and poultry feed, food oils, flour, beverages, canned goods, swee teners, consumer products, ethanol, and items for the military. In addition, it engages in the intermodal operations that include moving of shipments in trailers, the United States and international containers, and roadrailer equipment. Further, the company transports overseas freight through various Atlantic and Gulf Coast ports, as well as provides a range of logistics services; and operates passenger and commuter trains. Additionally, it involves in the acquisition, leasing, and management of coal, oil, gas, and minerals; the development of commercial real estate; telecommunications; and the leasing or sale of rail property and equipment. As of December 31, 2010, the company operated approximately 20,000 route miles in 22 states and the District of Columbia. The company was founded in 1883 and is based in Norfolk, Virginia.
Advisors' Opinion:- [By Dan Caplinger]
Shares of railroad giant Norfolk Southern (N! YSE: NSC ) have performed extremely well lately, climbing toward all-time record highs as investors get more confident about the railroad industry's future. In particular, even though Norfolk Southern has more exposure to some of the toughest segments in the railroad sector than peers like Union Pacific (NYSE: UNP ) , its most recent earnings report showed just how well the company is adapting to changing conditions.
- [By Dan Caplinger]
Union Pacific started out the quarter on the right foot, announcing 11% earnings growth in mid-April that beat expectations. The company overcame a slight decline in shipping volume by raising its overall prices, and even though coal shipments remained weak, investors can expect those figures to rise later in the year. As coal companies have shifted their attention toward export markets in light of low U.S. natural-gas prices and reduced domestic demand, railroad rivals CSX (NYSE: CSX ) and Norfolk Southern (NYSE: NSC ) have sought to defend their powerful geographical advantage by catering to Appalachian coal companies seeking access to export terminals. Union Pacific historically hasn't been as dependent on coal for its overall revenue, but tapping the coal export market also makes sense for it as it seeks a broadly diversified portfolio of revenue sources.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-10-transportation-stocks-to-own-for-2015-2.html
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