Norfolk Southern Railway Expects Coal, Fuel-Surcharge Headwinds in 2015, Sees $2.4 Billion in Capex

SUGAR LAND--January 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Eastern U.S. freight railway Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) reported fourth-quarter 2014 net income of $511 million, a 0.4% drop from the same quarter a year earlier. Revenues totaled $2.9 billion, about the same when compared with fourth-quarter 2013, as gains in intermodal and merchandise shipments offset a 15% drop in coal revenue. Industrial Info is tracking 40 active Norfolk Southern projects worth $1.32 billion.

Within this article: Details on fourth-quarter earnings and upcoming projects for Norfolk Southern Corporation, including a statewide rehabilitation/upgrade program in Pennsylvania.