Merchandise revenue excluding fuel grew 2% year-over-year, with RPU excluding fuel up 1%, though he noted negative mix “most notably” within chemicals. Elkins said coal volume increased 1% as higher electricity demand, favorable natural gas prices, and regulatory support strengthened utility coal markets, partially offset by reduced export volume. However, coal revenue fell 11% as lower seaborne coal prices drove RPU excluding fuel down 12%. He also cited a $108 million year-over-year decline tied to seaborne coal weakness and said volatile fuel surcharge revenue was a $134 million drag. About Norfolk Southern (NYSE:NSC)Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services.