Norfolk Southern

NS Earnings: Net Income Down 23 Percent

Norfolk Southern Corp. today reported net income for the quarter was 23 percent lower than a year ago. Net income for the quarter was $433 million compared to a record $562 million for the second quarter of 2014. Diluted earnings per share were $1.41, down from $1.79 per diluted share in the second quarter a year ago. “While we face short-term pressure, particularly as we clear fuel surcharge revenue and coal headwinds, Norfolk Southern is well positioned to continue improving service, which will reduce costs and add value to our customers,” CEO James A. Squires said in a news release. “Growth within the