Norfolk Southern Corp.

Norfolk Southern reported adjusted operating income of $1.1 billion, net income of $694 million, and diluted earnings per share of $3.06 for the second quarter.

The company achieved a 480 basis point sequential improvement in its adjusted operating ratio (OR), reaching 65.1% in Q2. They remain confident in their full-year OR guidance range of 64% to 65%.

Norfolk Southern's strong progress on operational metrics, including car velocity and train speed, contributed to margin gains and cost reductions. They are focused on productivity initiatives to drive further improvements.