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NS, FedEx signal slowing economy

Air

Thursday, September 20, 2012

Two bellwethers of the freight transportation sector are showing relative weakness in their volume, signaling that the uneven U.S. economic recovery could be heading for another dip. In a preview of its Oct. 23 quarterly earnings report, Norfolk Southern Corp., a Class I railroad operating in 22 eastern states, said it expected diluted earnings per share to be in the range of $1.18 to $1.25 range, compared to a record $1.59 in the third quarter last year and equivalent to the ...

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