The Impact Of A 100 Basis Points Increase In Norfolk Southern's Share Of U.S. Intermodal Shipments?

The completion of the Panama Canal expansion in 2016 is expected to boost container traffic at East Coast ports at the expense of West Coast ports, benefiting rail companies operating in the Eastern U.S., such as Norfolk Southern. As a result, every 100 basis points increase in the share of U.S. rail intermodal shipments by 2020 from the base case would boost intermodal freight revenue and total revenue for Norfolk Southern by around 3% and 1%, respectively.