Norfolk Southern posts higher profit as volumes rise

Reuters

July 23 (Reuters) - U.S. railroad operator Norfolk Southern Corp reported a rise of about 21 percent in quarterly profit, helped by higher volumes in its general merchandise and intermodal businesses.

Norfolk Southern's net income rose to $562 million, or $1.79 per share, in the second quarter ended June 30, from $465 million, or $1.46 per share, a year earlier.

Railway operating revenue rose 8.6 percent to $3.04 billion.

(Reporting by Ankit Ajmera; Editing by Ted Kerr)

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