Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/23/2014 9:05:00 AM Write a Letter to the Editor Write a letter to the Editor

Norfolk Southern’s 2Q Profit Rises 21%


Tom Biery/Trans Pixs

Norfolk Southern Corp. said its second-quarter profit increased 21% and revenue rose 9%.

Net income increased to $562 million, or $1.81 per share, from $465 million, or $1.47, a year ago. Second-quarter revenue increased to $3 billion, the eastern U.S. freight railroad said.

Intermodal revenue rose 11% to $650 million, and volume increased by the same percent.

Income from railway operations rose 22% to $1.01 billion, and shipment volume declined 1% in the second quarter.

“We see continued strength across most of our business segments and are optimistic that overall economic conditions will drive growth. Our focus remains unchanged,” Norfolk Southern CEO Wick Moorman said in a statement.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

TFM

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement