Norfolk Southern Tops Profit Estimates
Norfolk Southern reported a higher third-quarter adjusted profit as strong freight demand offset rising fuel costs. The railway operator benefited from tight trucking capacity and steady intermodal volumes.
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NORFOLK SOUTHERN CORP posted an adjusted profit of $3.62 per share on Thursday, topping Wall Street estimates on robust freight demand. The result outperformed the $3.47 per share consensus projection compiled by LSEG, climbing from $3.30 per share a year earlier. Strong freight volumes and fuel surcharges offset higher operating expenses across the railway network.
