First look: Norfolk Southern earnings

Published 22 Oct 2026, 14:14 UTC. Updated 22 Oct 2026, 16:14 UTC.

Norfolk Southern’s third-quarter earnings rose as higher freight volume and fuel surcharges drove record revenue.

Directly affected

NSC Norfolk Southern+2.6%
Named in this report.

Indirectly affected

ZIM ZIM Integrated Shipping-1.9%
Container lines are exposed when a shipping lane is disrupted
MATX Matson-5.7%
Container lines are exposed when a shipping lane is disrupted
DAC Danaos+3.4%
Ship owners earn more when vessels are tied up longer
GSL Global Ship Lease-8.6%
Ship owners earn more when vessels are tied up longer
SBLK Star Bulk Carriers-6.6%
Dry-bulk carriers move with commodity shipping demand
GOGL Golden Ocean
Dry-bulk carriers move with commodity shipping demand

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
NSC	—	—	—	—	—	—	—
ZIM	—	—	—	—	—	—	—
MATX	—	—	—	—	—	—	—
DAC	—	—	—	—	—	—	—
GSL	—	—	—	—	—	—	—
SBLK	—	—	—	—	—	—	—
GOGL	—	—	—	—	—	—	—

Market Call

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First look: Norfolk Southern earnings FreightWaves

Source: FreightWaves

How solid the shipping case looks

12 out of 100

“First look: Norfolk Southern earnings” scores 12 out of 100. The score uses 1 sources.