Skip to Content
Global News Select

Norfolk Southern Beats 4Q Profit Expectations, Volumes Down 1%

By Micah Maidenberg


Norfolk Southern Corp. said volumes slipped overall in the fourth quarter, though revenue tied to some product types picked up.

Norfolk Southern, a railroad company with a network that covers parts of the South, Northeast and Midwest, on Wednesday reported net income of $671 million, or $2.64 a share, up from $666 million, or $2.55 a share, for the year-earlier period, and ahead of forecasts from analysts.

Operating revenue slipped to $2.57 billion for the quarter from $2.69 billion and was more than the $2.55 billion that analysts were looking for, according to FactSet.

Volumes were down 1% in the fourth quarter, the Norfolk, Va.-based company said.

Railroads saw demand fall off last year as the economy ratcheted down due to the coronavirus pandemic, but shipments have been stronger overall in the first parts of the new year.

Total carload and intermodal-unit shipments among U.S. railroads were up about 5% during the first two weeks of 2021 compared with the same stretch last year, the Association of American Railroads said last week. Intermodal demand led those gains, according to the trade group.

Norfolk Southern said that revenue from coal and from chemicals fell 20% and 13%, respectively, year-over-year, while revenue from metal and construction shipments were up 2% and intermodal revenue rose 5%.


Write to Micah Maidenberg at


(END) Dow Jones Newswires

January 27, 2021 08:40 ET (13:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.