Norfolk Southern Corp

NSC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$182.00	Blnd	Fvsrxsbn

Norfolk Southern Earnings: Intermodal Still Challenged and Derailment Disruption a Big Headwind

Matthew Young

Jul 27, 2023

Eastern Class I railroad Norfolk Southern’s second-quarter top line flipped negative, falling 8% year over year, due to the East Palestine derailment disruption, weak intermodal container demand, easing accessorial income, and falling fuel surcharges. Revenue missed our forecast due to noise from the derailment disruption and greater-than-expected intermodal demand deterioration.

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