Norfolk Southern profit up 4% as rates, performance improve | NASCAR & Racing News

OMAHA, Neb. (AP) — Norfolk Southern railroad delivered 4% more fourth-quarter profit even though the number of shipments it hauled dipped slightly because it collected more surcharges for higher fuel prices and raised the rates it charges.

The Atlanta-based railroad reported fourth-quarter profit of $790 million, or $3.42 per share even though volume was down 1%. That’s up from $760 million, or $3.12 per share, a year earlier.

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