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Norfolk Southern delivered a 15 percent increase in fourth-quarter profit

Bob McCabe covers the port and waterfront for The Virginian-Pilot.

He’s also worked for newspapers in Massachusetts and Florida.

As it stated in

(AP) — Norfolk Southern delivered a 15 percent increase in fourth-quarter profit, cutting costs sharply enough to offset a 3 percent decline in volume.
Norfolk Southern Corp. operates about 20,000 miles of track in 22 states and the District of Columbia.
Norfolk Southern CEO Jim Squires said the railroad expects to cut another $100 million of costs this year after trimming $250 million in expenses last year.
Norfolk Southern shares have risen nearly 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 2 percent.
Shares of Norfolk Southern Corp. shares gained 86 cents per share Wednesday to sell for $117.48 in morning trading.

As it stated in

Norfolk Southern drive to cut costs fuels profit in 4Q

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