SOURCE: Industrial Info Resources

Industrial Info Resources

January 28, 2016 07:30 ET

Norfolk Southern Railway Announces Cost Cuts as Profits Fall; Canadian Pacific Sees Earnings Gain, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 28, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Hit with a 29% reduction in fourth-quarter 2015 profits, Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) unveiled more of its long-term cost cutting plan, which includes reducing the freight railway's employee headcount by 2,000 by 2020. Industrial Info is tracking 21 active Norfolk Southern Projects worth $514.80 million.

Within this article: Details of fourth-quarter and full-year earnings results for Norfolk Southern Corporation and Canadian National Railway Company (NYSE:CNI).

Additional companies: Canadian National Railway Company (NYSE:CNI), Canadian Pacific Railway Limited (NYSE:CP), Union Pacific Corporation (NYSE:UNP)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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