Norfolk Southern (NSC) Q2 FY26 earnings call

Norfolk Southern delivered a strong second quarter, benefiting from a sharp inflection in volumes across energy, intermodal, and industrial markets. Despite significant fuel price and inflationary headwinds, the company achieved solid EPS growth and made progress on operational improvements, including safety and network fluidity. Management remains cautiously optimistic about the demand environment, focusing on disciplined execution and capitalizing on profitable growth opportunities while navigating broader economic uncertainties.