(Reuters circulated the following article on January 25.)
CHICAGO — U.S. railroad Norfolk Southern said on Wednesday its net income rose 37 percent in the fourth quarter, reflecting a strong economy and demand for commodities like coal, as well as fuel surcharges.
The Norfolk, Virginia-based company said net profit jumped to $362 million, or 87 cents a share, from $264 million, 65 cents a share, a year earlier.
Wall Street analysts predicted earnings per share of 75 cents, according to Reuters Estimates.