Norfolk Southern Keeps on Chugging in Second-Quarter 2012, Despite Continued Decline in Coal Revenues
Norfolk Southern Keeps on Chugging in Second-Quarter 2012, Despite Continued Decline in Coal Revenues
SUGAR LAND--July 25, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading North American railroad company Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) saw mostly positive results in the second quarter of 2012, despite an expected decline in coal-related revenues. Executives cited strong operational efficiency as a driving factor in the gains. Net income for the quarter was reported to be $934 million, a 5.9% increase from second-quarter 2011.
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