Norfolk Southern profit falls 11 percent on coal woes

July 23 Tue Jul 23, 2013 4:19pm EDT

July 23 (Reuters) - Norfolk Southern Corp said on Tuesday that quarterly profit declined 11 percent as demand to ship coal fell.

For the second quarter Norfolk, the country's third-largest railroad, earned $465 million, or $1.46 a share, on revenue of $2.8 billion. A year ago, Norfolk Southern reported $524 million net income, or $1.60 per share, on revenue of $2.87 billion.

Coal revenue was $626 million, 17 percent lower compared with the same quarter last year.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.