Norfolk Southern Corp. said its third-quarter profit increased 47% from a year ago.
The Eastern freight railroad earned $445 million, or $1.19 per share, compared with $303 million, or 81 cents, a year earlier.
“We continue to see an economy characterized by slow growth, but growth nonetheless,” said CEO Wick Moorman.
It was the company's fifth consecutive quarter of year-over-year volume growth.
Railway revenue grew 19% to $2.5 billion and traffic volume increased 15%.
Intermodal revenue gained 19% over a year ago to $464 million. General merchandise revenue increased 16% to $1.3 billion. Coal revenue grew 24% to $709 million.