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Norfolk Southern 4Q profit flat as coal revenue falls 15 pct

2015-01-26 15:48:01| Railroads - Topix.net

Norfolk Southern Corp. reported its profit was little changed in the fourth quarter from a year ago because the railroad's coal revenue fell 15 percent on weak demand from utilities and export markets. The Norfolk, Virginia, based company said Monday that total volume increased 4 percent but that wasn't enough to offset the coal weakness.

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