Norfolk Southern flags higher fuel prices as Q3 headwind
Norfolk Southern expects higher fuel prices to weigh on the third quarter, even as it continues gaining freight share from trucks, executives said at a Morgan Stanley conference.
Norfolk Southern NYSE:NSC expects higher fuel prices to create a significant headwind in the third quarter, even as the railroad operator continues to gain freight share from trucks, executives told investors at a Morgan Stanley conference in California on Tuesday. CFO Jason Zampi said fuel prices are...