An approximately $99 million impairment charge will help lower third-quarter operating expenses and operating ratio for Norfolk Southern (NYSE: NSC), according to a company filing late Wednesday to the U.S. Securities and Exchange Commission.
Norfolk Southern (NS) expects to have the non-cash impairment charge in the third quarter related to the value of one of its equity method investments, the railroad said in the Wednesday filing.
Preliminary operating expenses are $1.67 billion for the third...
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