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April 24 (Reuters) – Railroad company Norfolk Southern Corp
reported higher quarterly profit, and said increases in
general merchandise and intermodal revenue more than offset a
drop in coal.
Norfolk Southern, the third-largest publicly held U.S.
railroad, on Tuesday reported net income increased to $410
million, or $1.23 per share, in the first quarter from $325
million, or 90 cents a share a year before.
Quarterly operating revenue for the Norfolk, Virginia-based
company rose 6 percent to $2.8 billion.
