Norfolk Southern Reports Higher 3Q Profit

Norfolk Southern Corp.’s third-quarter profit rose 24 percent from the same quarter last year, the Eastern freight railroad reported.

Net income rose to $554 million, or $1.59 per share, up from $445 million, or $1.19 per share, a year ago, the rail line said in a statement late Wednesday.

Railway operating revenue rose 18% to $2.9 billion.

Intermodal revenue rose 19% to $551 million, and general merchandise revenue rose 12% to $1.4 billion. Coal revenue gained 27% to $899 million.