Norfolk Southern’s earnings fell 14.4%to $122.4 million...

Norfolk Southern’s earnings fell 14.4%to $122.4 million in the second quarter. Railway operating revenue slipped 1.1%, the New York company said, while operating expenses climbed 2.2%. Coal revenue was also down. Because of declining rail business, Norfolk Southern also announced voluntary early retirement and separation programs for non-union employees. About 20% of its non-union employees will be eligible for the programs.