CHICAGO, Jan 26 (Reuters) - Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices.
CHICAGO, Jan 26 (Reuters) - Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday said quarterly profit fell slightly due to falling coal volumes.
Norfolk Southern still faces the prospect of hauling less coal in 2015 (especially for export), but in the fourth quarter the rail maintained
in large part to the dominant market share position of the Class I rails (Burlington Northern, Union Pacific, Norfolk Southern and CSX), the capital-intensive nature of the industry (capital requirements often exceed 20% of sales) and
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Norfolk Southern hit all-time high-water marks in its first $3 billion revenue quarter and its first $1 billion EBIT quarter as it hauled substantially
profits, the provider will be more apt to provide discounted pricing. North American Class I Railroads-- CSX CSX, Norfolk Southern NSC, BNSF, Union Pacific UNP, Canadian National CNI, Canadian Pacific CP, and Kansas City Southern KSU--earn
Norfolk Southern 's first-quarter revenue declined 2% on 1% lower volume, and EBIT fell 3.5% in part due to winter storms that executives
companies. Some of the leading rail road stocks that are declining today include Kansas City Southern (KSU), Norfolk Southern Corporation (NSC), Union Pacific Corporation (UNP), and CSX Corp (CSX). At this time, the weakest railroad
months. We also expect coal to drag on first-quarter earnings, particularly at the Eastern railroads, CSX CSX and Norfolk Southern NSC, due to their high exposure to expensive Appalachian coal. Two shocks hit the shares of Kansas City Southern