Summary
Norfolk Southern Corporation (NSC) announced via this Form 8-K filing on August 31, 2010, a new initiative to enhance investor transparency regarding its carloading data. Effective September 1, 2010, the company will begin publishing a "AAR Weekly Carloading Mapping Key to NS Commodities" on its investor relations website. This new tool is designed to bridge the gap between Norfolk Southern's internal commodity classifications and those used by the Association of American Railroads (AAR). By providing a quarterly updated mapping key that details the percentage of each NS commodity included in AAR's published categories, investors will be better equipped to compare NSC's carload data with industry-wide figures. This move aims to improve the comparability and analytical utility of the company's publicly disclosed carloading information, which it already reports weekly.
Key Highlights
- 1Norfolk Southern (NSC) is enhancing transparency by releasing a "AAR Weekly Carloading Mapping Key to NS Commodities" starting September 1, 2010.
- 2The mapping key will be published on the company's website (www.nscorp.com) under the Investors tab.
- 3This tool is updated quarterly.
- 4It details the percentage of each Norfolk Southern commodity that falls into each category published by the Association of American Railroads (AAR).
- 5The purpose is to allow investors to more easily compare NSC's carload information with publicly available AAR data.
- 6This initiative complements the existing Weekly Carload Reports already published by NSC.