Norfolk Southern Posts Record Revenue as Freight Demand Strengthens
Norfolk Southern reported record second-quarter revenue driven by stronger freight demand and higher fuel surcharges, while adjusted earnings and operating income improved despite higher operating costs.
Quick take
Read original at Yahoo Finance Norfolk Southern Corporation reported record second-quarter railway operating revenue of $3.5 billion, up 11% year over year. CEO Mark George cited improved demand across key markets, with freight volumes increasing 4% and fuel surcharge revenue climbing. The company's adjusted railway operating income rose 5% to $1.20 billion.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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