Norfolk Southern 3Q profit falls 27 percent

Associated Press
Norfolk Southern 3Q profit falls 27 percent

FILE - In this Tuesday, Oct. 9, 2012, file photo, a Norfolk Southern Railroad train pulls transport cars full of coal through central Illinois near Goodfield, Ill. Norfolk Southern Corp. says the weak economy contributed to a 27 percent drop in profits as the company hauled less coal and other merchandise. The railroad said Tuesday, Oct. 23, 2012, that it earned $402 million, or $1.24 per share, in the third quarter. That’s down from $554 million, or $1.59 per share, Norfolk Southern reported last year but in line with the revised forecast officials offered last month. (AP Photo/Seth Perlman)

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