Norfolk Southern Continues to Price Its Service for Its Value, Logs Record Operating Ratios
Norfolk Southern improved its first-quarter reported operating ratio to 66.0% from 69.3%, increased operating income 16%, and increased net income 23% on flat carload volume. Operating income, net income, earnings per share, and OR were all first-quarter record performances. Key to these strong results was the 4% increase in revenue per carload (excluding fuel), but we were also impressed by 14% improved train speed and terminal dwell that was 23% better than in the prior-year period. We expect ...Norfolk Southern is a holding company. Through its subsidiaries, the company is engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company also transports overseas freight through several Atlantic and Gulf Coast ports. The company provides intermodal network in the eastern half of the United States. The company's railroad operates in several states and the District of Columbia. The company's system reaches manufacturing plants, electric generating facilities, mines, distribution centers, transload facilities, and other businesses in its service area.
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