Norfolk Southern's coal, merchandise shipping to reduce profit
Sept 19 |
Sept 19 (Reuters) - Railroad company Norfolk Southern Corp said weaker shipments of coal and merchandise as well as lower fuel surcharge revenue would reduce its third-quarter earnings compared with a year earlier.
The company said it expects quarterly profit between $1.18 and $1.25 per share.
Lower coal and merchandise deliveries were offset partly by higher intermodal volume but likely reduced revenue by about $120 million compared with a year ago, the company said in a statement.
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