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Norfolk Southern

Norfolk Southern Reports Second Quarter 2013 Earnings

NORFOLK, Va. — For the second quarter of 2013, Norfolk Southern reported net income of $465 million, 11 percent lower than $524 million for second-quarter 2012. Diluted earnings per share were $1.46, down 9 percent compared with $1.60 per diluted share in the same period last year. “In the second quarter, Norfolk Southern delivered solid results, supported by growth in our chemicals, intermodal, and automotive businesses, despite continuing weakness in the coal markets,” said CEO Wick Moorman. “We continue to focus on service efficiency and velocity, which is enabling us to control operating expenses and deliver superior performance to our
Norfolk Southern

‘The Future Looks Good,’ Norfolk Southern CEO Says in Annual Report

NORFOLK, Va. — Coming off its second-best year ever for revenue, operating income, net income, and earnings per share, Norfolk Southern Corp. is positioned well for growth, and “the future looks good,” CEO Wick Moorman tells stockholders in the 2012 annual report, posted today on the company’s website at www.nscorp.com. “Despite significant challenges in our coal business, we delivered solid results for our shareholders,” Moorman says. “From an operations perspective, the railroad ran extremely well, setting all-time highs for most of our service and velocity metrics. We also continued our strong record of reinvesting in the company, with more than