Norfolk Southern Revenue Falters in Q3
Norfolk Southern touted efficiency gains, strong service levels, and safety improvements as third-quarter revenue fell short of expectations and competitive pressure ratcheted up by BNSF and CSX.
“Norfolk Southern delivered another quarter of strong results on safety, service, and productivity through a dynamic freight market,” Chief Executive Mark George said in a release Thursday, after the close of markets. “The entire Thoroughbred team pulled together to serve our customers, achieve an all-time record in fuel efficiency, delivered on key productivity initiatives, and executed a noteworthy land sale that...
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