SOURCE: Industrial Info Resources

Industrial Info Resources

July 25, 2012 06:15 ET

Norfolk Southern Keeps on Chugging in Second-Quarter 2012, Despite Continued Decline in Coal Revenues, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 25, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading North American railroad company Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) saw mostly positive results in the second quarter of 2012, despite an expected decline in coal-related revenues. Executives cited strong operational efficiency as a driving factor in the gains. Net income for the quarter was reported to be $934 million, a 5.9% increase from second-quarter 2011. Industrial Info is tracking about $700 million in active projects involving Norfolk Southern, including the $105 million construction of an intermodal terminal in Rossville, Tennessee, and the $95 million construction of another in Greencastle, Pennsylvania.

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