Norfolk Southern Corp.â€™s first-quarter profit rose from the same quarter last year on higher freight levels, the Eastern freight railroad said late Wednesday.
Net income rose to $325 million, or 90 cents per share, up from $257 million, or 68 cents, a year ago. Railway operating revenue rose 17% to $2.6 billion.
Intermodal revenue rose 18% to $483 million, and general merchandise revenue rose 10% to $1.3 billion. Coal revenue gained 30% to $816 million.
Â© 2010, Transport Topics Publishing Group. All rights reserved.
Norfolk Southernâ€™s 1Q Profit Improves (4/28/2011 8:20:00 AM)
iTECH: Solutions for Container Tracking (4/11/2011 10:00:00 AM)
FedEx Freight to Use Rail Intermodal for First Time, Shifting From Trucks (1/31/2011 4:45:00 AM)
Norfolk Southernâ€™s 4Q Profit Improves (1/26/2011 9:05:00 AM)
2010 Rail Freight Volumes Grow at Fastest Pace in 50 Years (1/17/2011 2:45:00 AM)
IANA Elects New Chairman, Board (1/6/2011 8:30:00 AM)
OTHER NEWS BRIEFS