(Source: Reuters, July 24, 2012)
NEW YORK — Railroad company Norfolk Southern Corp (NSC.N) reported a higher quarterly profit and flat revenue, with increased general merchandise and intermodal revenue offsetting a double-digit drop in revenue from coal.
The coal business remains challenging, but utilities are burning off some of this stockpile to power air conditioners and starting to increase coal shipments again, Norfolk Southern executives told analysts on a conference call.
Full story: Reuters