11 Best Logistics Stocks to Invest in Right Now

5. Norfolk Southern Corporation (NYSE:NSC)

Number of Hedge Funds: 47

Norfolk Southern Corporation (NYSE:NSC) is one of the premier transportation companies in the United States that specializes in rail freight services. The company has been moving the goods and materials that power the US economy since 1827. Norfolk Southern Corporation operates in 22 states with connections across the globe.

The transportation company has the privilege of having the most extensive intermodal network in the eastern United States. Other than a franchise built for growth, Norfolk Southern Corporation has a powerful rail network that serves the fastest-growing segments of the American economy. It serves a majority of the national population and manufacturing base, with connections to every major container port on the Atlantic coast in addition to major ports in the Gulf of Mexico and Great Lakes.

Norfolk Southern Corporation (NYSE:NSC) remains well positioned for long-term value creation as it successfully delivered sequential and year-over-year margin improvement in the third quarter of 2024 which places it back on track to achieve its adjusted operating ratio targets for the second half and full year 2024. The company achieved 3% higher revenue and 23% higher adjusted earnings per share compared to the last year.