Competitive PressureManagement cautioned that competitor pressure has increased in response to the merger announcement, anticipated to impact intermodal volumes and be a headwind to the top line.
Market ChallengesNorfolk Southern is facing macroeconomic challenges across various markets, including intermodal, export coal, and autos.
Volume OutlookEarnings are expected to remain pressured in the immediate term due to a challenged volume outlook, maturing cost reduction opportunities, and emphasis on service/safety.