No surprises in Norfolk Southern earnings as COO Orr makes debut

Capt. John

The elephant in the room on the Norfolk Southern earnings call made only a brief appearance. But it will be returning in about two weeks.

There were no surprises in the first-quarter earnings report, as the Class 1 railroad (NYSE: NSC) had issued a preliminary report earlier in the month. The final numbers, showing a significant drop in earnings related to the East Palestine, Ohio, derailment in February 2023, were in line with those preliminary figures. The East Palestine derailment saw 38 cars...

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