Norfolk Southern Corporation (NYSE: NSC) shares progressed Monday, as the carrier announced the return of its Thoroughbred Scholars program, providing college scholarships to more than 100 children of Norfolk Southern employees. The program awards 100 scholarships for up to $10,000 over four years, along with three additional scholarships for distinguished students who will receive rewards of up to $40,000 over four years. Since its inception in 2022, the Thoroughbred Scholars Program has awarded over $1.4M in scholarship funding to its team members' children.
This year's recipients come from 19 states across the company's network, with 90 of the scholarships reserved for children of Norfolk Southern's field employees, including conductors, mechanics, engineers, and other front-line workers who play a critical role in keeping the company's trains and the U.S. economy moving safely.
"At Norfolk Southern, supporting our people is important, and we are proud to be able to extend that to their children," said Norfolk Southern President and CEO Alan H. Shaw. "Education opens the door to opportunity, and investing in these bright individuals' dreams also means investing in the future of the communities we serve."
Norfolk Southern will also award three additional special scholarships of $10,000 per year, renewable up to four years for $40,000, for students.
NSC shares jumped $2.88, or 1.2%, to $249.99.
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