Norfolk Southern's Q3 Earnings Preview: Weak Shipments To Negatively Impact Results

We expect weak shipment volumes, especially coal shipments, to negatively impact the company?s revenues and profitability. According to Norfolk Southern's carloading report for the third quarter ending September 26, the company?s shipment carloads, including intermodal shipments, declined roughly 4% year-over-year, with coal carloads declining around 17%. Besides weaker shipment volumes, lower fuel surcharge revenues, as a result of the decline in oil prices over the past twelve months, will neg...