Norfolk Southern Corporation reported record second-quarter railway operating revenue of $3.5 billion, up 11% year over year, as freight volumes increased and fuel surcharge revenue climbed alongside higher fuel prices. The U.S. freight railroad said railway operating revenue reached an all-time quarterly high after 4% volume growth, with fuel surcharges contributing roughly six percentage points of the revenue increase. On a reported basis, income from railway operations declined 4% to $1.12 billion, while the operating ratio worsened to 67.6% from 62.2% a year earlier. Adjusted railway operating income rose 5% to $1.20 billion, adjusted diluted earnings per share increased 7% to $3.52, and the adjusted operating ratio was 65.5%. Norfolk Southern operates a freight rail network spanning 22 U.S. states and is one of the largest rail carriers in the eastern United States.