Thursday, September 20, 2012

Norfolk Southern foresees third quarter profit drop

The Norfolk Southern railroad expects its third quarter profit to be $120 million lower this year than in 2011, according to a company statement.

The railroad projects this year's third quarter profit to fall between $1.18 and $1.25 per share due to lower coal and merchandise cargo deliveries.

For more of the Reuters story: in.reuters.com

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