Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow ...Middle East

TribToday - News

Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the quarter and even without the costs related to that toxic crash its profits still would have been down 14%. The Atlanta-based railroad said it earned $527 million, or $2.32 per share, during the quarter. That’s down from $790 million or $3.42 per share, a year earlier. Without the $150 million in additional derailment costs, Norfolk Southern would have made $677 million, or $2.83 per share. The analysts surveyed by FactSet Research predicted that Norfolk Southern would make $2.86 per share,

Hence then, the article about norfolk southern s fourth quarter profit falls 33 as ohio derailment costs continue to grow was published today ( Friday 26/01/2024 - 09:00 PM ) and is available on TribToday ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow )

Last updated : 26 January 2024 clock 09:00 PM

Also on site :

Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow ...Middle East

Royal warrior to sidelined spare: Prince Harry’s failing new life in Hollywood spotlight crumbles

Vigil held at Santa Barbara County Courthouse

Heavy snow continues to batter northern Japan

Beckett Sennecke earns 1st NHL hat trick with OT goal in Ducks’ rally over Flames

World’s Largest Baby Elephant Sanctuary Profiled In Rare UK-Canada Co-Production

Antioch police say teen found dead on roadway killed in hit-and-run

Venezuela frees 104 political prisoners, rights group says

I want to withdraw my first pension lump sum. How much tax will I pay?

Bradshaw Misses Pike Place Fish Throw to Gronkowski Before NFC Championship

At least a dozen states declare emergencies in wake of storm

SEMIFIVE and SAPIEN Semiconductors Sign MOU to Develop Next-Generation Micro-display 'CMOS Backplane' Technology

Minneapolis shooting latest: Trump demands Minnesota cooperate with ICE as Obama and Clinton warn of historic moment

Ohio’s prison system faces staff shortage

Hotel Capstone to become ‘Graduate by Hilton Tuscaloosa’ in 2027

Stats don’t tell the story of Drake Maye’s improbable run to Super Bowl LX