Norfolk Southern Earnings Preview: Lower Fuel Expenses To Partially Offset Impact Of Weaker Revenue

Norfolk Southern will announce its fourth quarter results and conduct a conference call with analysts on Wednesday, January 27.  We expect weak shipment volumes, particularly coal shipments, to negatively impact the company’s quarterly results. According to Norfolk Southern’s carloading report for Q4 2015, the company’s shipment carloads, including intermodal shipments, fell roughly 7% year-over-year, with coal carloads declining nearly 19%.  In addition to weaker shipment volumes, lowe...