Norfolk Southern Exceeds Q3 Expectations with Strategic Gains

The railroad's improved operations and strategic sales have bolstered its financial performance despite previous challenges.

Norfolk Southern reported a third-quarter profit of $1.1 billion, with earnings per share at $4.85, surpassing Wall Street estimates.
The company's revenue reached $3.1 billion, slightly exceeding analyst predictions, driven by strong merchandise and intermodal segments.
Norfolk Southern benefited from a $287 million gain from the sale of rail lines in Virginia and North Carolina.
Insurance payouts related to the East Palestine derailment contributed positively to the financial results, offsetting previous costs.
New CEO Mark George, previously CFO, emphasized consistent and resilient service, following his promotion after Alan Shaw's dismissal.