
Norfolk Southern
Norfolk Southern Reports First-Quarter 2008 Results
NORFOLK, Va. — For the first quarter of 2008, Norfolk Southern Corporation reported net income of $291 million, or $0.76 per diluted share, compared with $285 million, or $0.71 per diluted share, for the first quarter of 2007. First-quarter 2008 results were impacted by the settlement of a lawsuit relating to the 2005 accident at Graniteville, S.C., which, when combined with other favorable claims-related adjustments, reduced earnings by $0.02 per diluted share. “Norfolk Southern delivered strong financial performance during the quarter, reporting the highest railway operating revenues in its history, in spite of a less than robust economy,” said Norfolk