💨 Abstract
Norfolk Southern reported a significant profit growth of $750 million in Q1 2025, mainly due to insurance payments related to the 2023 East Palestine derailment. Excluding these payments, profits still increased. The railroad beat Wall Street analysts' estimates by 3 cents per share in ongoing operations. Despite winter weather disruptions, Norfolk Southern improved service, efficiency, and shipped 1% more in Q1.
Courtesy: wtop.com
Summarized by Einstein Beta 🤖
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