Norfolk Southern Corp. today reported first-quarter 2020 railway operating revenue fell 8 percent to $2.6 billion compared to first-quarter last year, driven by an 11 percent decline in total volume.
Operating expenses during the quarter were $2.1 billion, which included a $385 million non-cash charge related to locomotives marketed for sale and/or disposed of as part of the Class I's introduction of a precision scheduled railroading operating model.
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