OMAHA, Neb. (AP) — Norfolk Southern will release its fourth-quarter earnings report Wednesday, and investors will be looking to see whether weak coal demand continued to hurt the railroad.
The Norfolk, Va., based railroad will be the second major freight railroad to report quarterly results.
CSX, the other big railroad in the eastern United States, said last week that coal demand remained weak longer than expected, so its quarterly profit declined 5 percent.
Railroad results offer clues about the economy in the number of cars, chemicals, fuel, crops, lumber and containers of imported goods they carry.
Analysts surveyed by FactSet expect Norfolk Southern to report earnings per share of $1.48 in the quarter on $2.85 billion revenue.
One day after Norfolk Southern's report, Union Pacific will detail its earnings on Thursday.