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Norfolk Southern reports record revenues, volume.(Market Pulse)(Brief article)
- Article from:
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Logistics Today
- Article date:
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August 1, 2006
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Copyright informationCOPYRIGHT 2006 Penton Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Operating revenues for Norfolk Southern Corp. (Norfolk, Va., www.nscorp.com), which operates Norfolk Southern Railway , increased 11% to a record $2.39 billion in the second quarter. Earnings took a hit however, falling to $375 million from $424 million for the year-ago period.
During the second quarter, carload shipments increased 4% to a record 2 million units. Railway operating revenues for the first half of 2006 set a six-month record, increasing 14 percent to $4.7 billion. Traffic volume during the first half increased 4%, ...