(Source: Associated Press, April 29, 2020)
OMAHA, Neb. — Norfolk Southern’s first-quarter profit fell 44% because of a one-time charge related to locomotive sales and weak shipping volume driven by the coronavirus outbreak. The railroad said it earned $381 million, or $1.47 per share, during the quarter, but those results were weighed down by a one-time charge of $385 million, or $1.11 per share. That’s down from $677 million, or $2.51 per share, a year ago.
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