NS diluted earnings per share of $1.46 also declined, down 9% from the $1.60 per diluted share a year ago. The company announced the results Tuesday, July 23, 2013, after the close of trade on the New York Stock Exchange. Shares were down 0.66% to $76.86.
Earlier Tuesday, the Board of Directors voted to increase the regular quarterly dividend on the company's common stock by 2 cents per share to 52 cents a share.
"In the second quarter, Norfolk Southern delivered solid results, supported by growth in our chemicals, intermodal, and automotive businesses, despite continuing weakness in the coal markets," said President and CEO Wick Moorman. "We continue to focus on service efficiency and velocity, which is enabling us to control operating expenses and deliver superior performance to our customers."