Norfolk Southern lost $248.5 million in the...
Norfolk Southern lost $248.5 million in the third quarter due to a one-time special charge of $620 million, $525 million of which is for a restructuring. In the year-ago quarter, the New York-based railway earned $127.8 million. Without the charge, income for the quarter was down 19.2% to $103.3 million. Transportation revenue was up slightly during the quarter, but expenses also increased, the company said.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
