Norfolk Southern Warns Fuel Costs Will Hit Q3
Norfolk Southern executives stated that rising fuel prices will create a significant headwind in the third quarter. Despite this pressure, the railroad continues to capture freight market share from trucking competitors.
Insights:
Norfolk Southern expects higher fuel prices to create a 250-basis-point operating ratio headwind in the third quarter, executives said Tuesday. The railroad operator continues to capture freight share from trucks despite the margin pressure. The update underscores how rising energy costs are impacting the broader United States transportation sector.
