Norfolk Southern’s Intermodal Yield Likely To Improve With Favorable Intermodal Mix And Price Increase
Norfolk Southern’s (NYSE:NSC) second quarter 2014 earnings received a significant boost from growth in intermodal volume. Intermodal revenue increased 10.5% year-on-year, to reach $650 million, on the back of 10.8% growth in volume.The increase in international intermodal volume was primarily the result of heavy traffic at U.S. ports due to the labor contract negotiations between International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA).
