Norfolk Southern Reports Lower First-Quarter Earnings Due to Winter Weather and Fuel Costs
Norfolk Southern reported a 2% decline in operating income to $939 million for the first quarter, attributed to harsh winter weather and rising fuel prices. Earnings per share fell 1% to $2.65, with overall volume down 1% due to a 4% drop in intermodal traffic. The company maintained cost discipline despite inflation and storm-related expenses.
Topics: Earnings Fuel Prices Intermodal Traffic Merger Costs Rail Volume Winter Weather Impact