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Atlanta, Georgia-based Norfolk Southern Corporation (NSC) provides rail transportation services. Valued at $62.5 billion by market cap, the company transports raw materials, intermediate products, and finished goods via interchange with rail carriers. NSC also transports overseas freight through several Atlantic and Gulf Coast ports.
Shares of this leader in the transportation industry have underperformed the broader market over the past year. NSC has gained 30% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. In 2024, NSC’s stock rose 16.5%, compared to the SPX’s 25.8% rise on a YTD basis.