JOC Staff | Jan 23, 2013 11:54AM EST
Class I railroad Norfolk Southern Railway reported income in the fourth quarter of 2012 was $413 million, declining 14 percent from $480 million in the fourth quarter of 2011.
“While the fourth quarter reflected declines in coal shipments, we also saw steady intermodal volume gains coupled with improved volumes in our chemicals, auto and housing sectors,” said Wick Moorman, Norfolk Southern’s CEO, in a written statement.
For the full year of 2012, profit was $1.7 billion, down 11 percent from $1.9 billion in 2011.