“Following the extreme winter weather across the US rail network which impacted first-quarter results, we are seeing a rebound in shipments across all of our business,” Norfolk Southern CEO Wick Moorman said.

Q1 coal revenues were $541 million, 15% lower compared with the same quarter of 2013.

The loss was the result of a 13% volume decrease caused by lower utility and export shipments.

Railway operating revenues were $2.7 billion, 2% lower compared with Q1 2013, while shipment volumes decreased 1%.

General merchandise revenues were $1.6 billion, 1% higher than the same period last year, despite overall volume declining 1%.

Intermodal revenues improved 4%, totalling $596 million, compared with Q1 2013.

Growth primarily in domestic business pushed traffic volume up 3% in the quarter compared with the same period of 2013.

Income from railway operations was $667 million, 3% lower compared with Q1 2013.

The quarterly railway operating ratio, or operating expenses as a percentage of revenue, was 75.2% versus 74.8% in the same period of 2013.