Railroad company Norfolk Southern Corporation said that weaker shipments of coal and merchandise as well as lower fuel surcharge revenue would reduce its third quarter earnings compared with a year earlier.

The company said it expects quarterly profit between USD 1.18 and USD 1.25 per share.

Lower coal and merchandise deliveries were offset partly by higher intermodal volume but likely reduced revenue by about USD 120 million compared with a year ago.

Source - Reuters

(www.coalguru.com)