Norfolk Southern Q2 Income From Railway Ops. Rises; Railway Operating Revenues Up 16%

Norfolk Southern Corp. (NSC) reported second quarter income from railway operations of $1.3 billion, an increase of 9% year-over-year. Net income was $819 million, and earnings per share was $3.45, for the quarter.

Railway operating revenues were $3.3 billion, an all-time quarterly record, up 16% from a year ago, driven by a 20% increase in revenue per unit. Railway operating expenses were $2.0 billion, an increase of 21%, due to higher fuel prices, lower property sales, and increased costs from inflation and service challenges.

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