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Norfolk Southern posts higher quarterly profit
April 23, 2013 / 8:16 PM / in 4 years

Norfolk Southern posts higher quarterly profit

April 23 (Reuters) - U.S. railroad Norfolk Southern Corp posted a higher quarterly profit as it transported more goods, helping beat weak demand for coal, which is a major commodity it transports.

For the first quarter, the country’s third-largest railroad earned $450 million, or $1.41 a share. A year ago, the Norfolk, Virginia-based company earned $1.23 a share.

Railway operating revenues fell 2 percent to $2.74 billion. However, shipment volumes increased 3 percent.

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