2 names are moving together; 100% are participating in the current session.
Observed member paths adjusted against SPY. Shading marks the latest observation window.
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| UNP | Union Pacific Corporation | Industrials | +0.9% | 19/20 observed active sessions |
| NSC | Norfolk Southern Corporation | Industrials | +0.5% | 19/20 observed active sessions |
Cohort
2 namesParticipation
100% this sessionObserved history
34 daily buildsFiling coverage
2/2 membersdemand / volume
“Metals and construction volume decreased in both periods primarily driven by lower aggregate shipments as a result of idled customer facilities, partially offset by increased cement and coil shipments due to increased demand.”
NSC 10-Q
input costs
“The increase in 2025 was partly due to higher locomotive and freight car material consumption coupled with increased spend for other materials.”
NSC 10-K
demand / volume affecting expense
“Equipment rents , which includes our cost of using equipment (mostly freight cars) owned by other railroads or private owners less the rent paid to us for the use of our equipment, increased due to higher automotive equipment expenses driven by higher volumes as well as lower earnings from our investment in TTX.”
NSC 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
UNPpartner · Not moving with the group now
Filing receipt · CSX / UNP
“During 2025, Norfolk Southern Railway entered into an agreement to merge with Union Pacific Railroad to form the nation's only transcontinental rail network, which requi…”
UNP · partner
NSCpartner · Not moving with the group now
Filing receipt · WAB / NSC
“This was Wabtec’s third year in a row receiving the Thoroughbred Sustainability Partner Award from Norfolk Southern.”
NSC · partner
NSCsupplier · Moving with the group now · 115 min observed
Filing receipt · CINF / NSC
“The decrease was driven by the prior year acquisition of the assets of the Cincinnati Southern Railway (CSR) and lower property additions in the current year, which was…”
NSC · supplier
NSCcustomer · Moving with the group now · 115 min observed
Filing receipt · GD / NSC
“NASSCO conducts full-service maintenance and surface-ship repair operations in Navy fleet concentration areas in San Diego, California; Norfolk, Virginia; Bremerton, Was…”
NSC · customer
UNPdistributor · Not moving with the group now
Filing receipt · CNR / UNP
“The mine’s rail loadout facility is serviced by the Union Pacific railroad.”
UNP · distributor