Northfolk Southern Relies on Transport of Other Goods to Beat Analyst Estimates

CNBC reported that Norfolk Southern beat analyst estimates with their Q1 results, mostly due to transporting non-coal items.

As quoted in the CNBC report:

Donald Seale, chief marketing officer, said domestic demand for coal, a key part of Norfolk’s business, is expected to stay weak in the near future as electric utilities replace coal with cleaner, low-cost natural gas.

To view the whole CNBC report, click here.