11 Best Freight Stocks To Buy Now

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7. Norfolk Southern Corporation (NYSE:NSC

Number of Hedge Fund Investors: 47

Norfolk Southern Corporation (NYSE:NSC) is a premier transportation company specializing in rail freight services. The company serves the Eastern US with a focus on intermodal, coal, and automotive shipments. Norfolk Southern Corporation’s (NYSE:NSC) extensive rail network connects key manufacturing and consumer markets and enables clients to move goods efficiently and sustainably.

Norfolk Southern Corporation (NYSE:NSC) is focused on diversifying its revenue streams and expanding into new markets. The company is actively engaging with customers and partners to develop innovative solutions and service products that meet their evolving needs, particularly in the merchandise business, which has seen consistent growth despite headwinds in certain sectors like automotive and metals. Norfolk Southern Corporation (NYSE:NSC) plans to achieve an operating ratio of less than 60% in three to four years by emphasizing a disciplined and data-driven management style, aimed at reducing costs while improving service reliability and maximizing asset utilization. The company has already seen an increase in fuel efficiency, which has contributed to an improvement in the adjusted operating ratio.

Furthermore, Norfolk Southern Corporation (NYSE:NSC) is investing in advanced technologies and infrastructure that are expected to drive strong demand, particularly in the international and domestic intermodal markets.

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