ATLANTA - Norfolk Southern Corp. (NYSE:NSC) announced today a partnership with Jaguar Transport Holdings, LLC to expand freight operations in northeast metro Atlanta. The $65.11 billion railroad operator has delivered a strong 23.77% return over the past year, trading at $289.92.
Under the agreement, Jaguar will handle local switching operations, manage Norfolk Southern's Doraville transload terminal, and invest in infrastructure upgrades. The arrangement aims to increase freight capacity and improve service for rail-served and transload customers in the region.
"This deal is completely focused on freight growth, delivering increased capacity, and providing expanded local service in the important metro Atlanta market," said Stefan Loeb, Norfolk Southern vice president of business development and first- and final-mile markets.
The partnership comes as Norfolk Southern maintains its track record of shareholder returns, having paid dividends for 45 consecutive years with a current yield of 1.88%, according to InvestingPro data. The company generated $12.18 billion in revenue over the last twelve months. InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list.
The Doraville industrial rail corridor is located near I-285 and I-85, serving businesses in northeast Atlanta through local switching and transload access. The facility provides connectivity for both rail-adjacent customers and regional shippers requiring truck-to-rail services.
Jaguar will make capital improvements to expand yard capacity at Doraville. The company operates multiple short line railroads and transload facilities across the United States.
"We're grateful for Norfolk Southern's trust as we assume operations in Doraville," said Tim Enayati, senior vice president of commercial development at Jaguar Transport. "Jaguar is committed to delivering exceptional service to our customers and being a reliable growth partner for Norfolk Southern in Atlanta."
The partnership reflects Norfolk Southern's strategy of using short line partnerships to extend network reach and improve local service. Norfolk Southern noted that Jaguar is already a short line partner of Union Pacific, which the company said supports operational alignment with its proposed combination with Union Pacific.
The information is based on a press release statement from Norfolk Southern.
In other recent news, Norfolk Southern Corporation reported strong earnings for the fourth quarter of 2025, with earnings per share (EPS) reaching $3.22, surpassing the projected $2.77. This represents a 16.25% surprise for investors. The company's revenue was in line with expectations, totaling $3 billion. Despite the positive earnings results, UBS downgraded Norfolk Southern's stock rating from Buy to Neutral. UBS analyst Thomas Wadewitz cited concerns over weaker yields and operating ratios as factors in the downgrade. The price target, however, was raised from $320.00 to $342.00. These developments reflect a mix of positive performance metrics and cautious future outlooks from analysts.