Norfolk Southern railroad to report 1Q earnings

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News,Business

OMAHA, Neb. (AP) — Norfolk Southern investors will learn how the harsh winter affected the railroad Wednesday when the company releases its first-quarter earnings report.

This year's severe winter weather slowed all the major railroads and forced them to use shorter trains, but some railroads handled the weather challenges better than others.

Analysts surveyed by FactSet expected Norfolk Southern to report earnings per share of $1.21 on $2.739 billion revenue.

The Norfolk, Virginia, based railroad operates about 20,000 miles of track in 22 states and the District of Columbia.

Last week, CSX railroad said its first-quarter profits fell 14 percent because of the winter disruptions even though CSX delivered 3 percent more freight.

Union Pacific fared better and delivered a 14 percent improvement in quarterly profit despite the weather.

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