No. of Recommendations: 2

Norfolk Southern announced an earnings warning yesterday on slower coal shipments and small reduction in general merchandise.

Coal shipments have been under pressure due to low natural gas prices as well as reduced economic activity in Europe.

The real question is does this indicate a slowing economy and predict another recession, or is it a localized glitch. BW mentions also Fed Ex and sees it as a broader indicator. Time will tell.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.