Norfolk Southern (NSC)

Norfolk Southern Corporation today reported third quarter net income of $303 million, or $0.81 per diluted share, compared with $520 million, or $1.37 per diluted share, for the third quarter of 2008. Third-quarter railway operating revenues were $2.1 billion, down 29 percent, compared with the third quarter of 2008, primarily the result of a 20 percent reduction in traffic volume and lower fuel-related revenues.
The company's CEO said the company's third-quarter results reflect the continuing weak economy, but also show Norfolk Southern's "resilience and the strength of our franchise."

Oct 27 · 8:00:00 PM · Source: Company News Release
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by Larry Etter