Norfolk Southern Railway Announces Cost Cuts as Profits Fall; Canadian National Sees Earnings Gain

SUGAR LAND--January 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Hit with a 29% reduction in fourth-quarter 2015 profits, Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) unveiled more of its long-term cost cutting plan, which includes reducing the freight railway's employee headcount by 2,000 by 2020. Industrial Info is tracking 21 active Norfolk Southern Projects worth $514.80 million. Within this article: Details of fourth-quarter and full-year earnings results for Norfolk Southern Corporation and Canadian National Railway Company (NYSE:CNI). Additional companies: Canadian National Railway Company (NYSE:CNI), Canadian Pacific Railway Limited (NYSE:CP), Union Pacific Corporation (NYSE:UNP)