Norfolk Southern

Norfolk Southern Corp.’s net income for the second quarter of 2016 was $405 million, compared with $433 million during the same period of 2015, the company announced today. Diluted earnings per share were $1.36, 4 percent lower compared with $1.41 per diluted share earned in the second quarter last year. “Our second-quarter results reflect our unwavering focus on cost-control, steadfast commitment to customer service, and significant improvements in network performance,” Chairman, President and CEO James A. Squires said in a news release. “We are on track to achieve productivity savings of at least $200 million for 2016, and our record first half operating ratio of 69.4 percent gives us confidence we’ll

Norfolk Southern recently said it assisted 93 industries in locating or expanding their businesses along its rail lines in 2015.

Norfolk Southern Corp. reported that its railway operating revenues reached $10.5 billion in 2015, and income from railway operations was $2.9 billion.