Norfolk Southern 2nd quarter profit up 42%

Norfolk Southern 2nd quarter profit up 42%

   Norfolk Southern said it had second quarter net profit of $557 million, 42 percent more than the $392 million earned in the same 2010 period.

   Second quarter operating revenue was a record $2.9 billion, 18 percent more than in the second quarter of 2010.

   General merchandise revenue improved 12 percent to $1.4 billion, compared with second quarter 2010 results. Coal revenue increased 28 percent to $893 million, while intermodal revenues climbed 20 percent to $540 million.