(Source: Associated Press, January 25, 2023)
Norfolk Southern railroad delivered 4% more fourth-quarter profit even though the number of shipments it hauled dipped slightly because it collected more surcharges for higher fuel prices and raised the rates it charges. The Atlanta-based railroad reported fourth-quarter profit of $790 million, or $3.42 per share even though volume was down 1%. That’s up from $760 million, or $3.12 per share, a year earlier.
Full story: Associated Press