Norfolk Southern Shows Strong Intermodal Volume and Price Growth, Operating Ratio Upstaged by CSX
Norfolk Southern grew first-quarter operating income 10% as the firm expanded its top line 6% and held operating expenses to a 4% increase, in part by employing 1,000 fewer personnel compared with the year-ago period. The rail improved its operating ratio from 70.6% to a first-quarter record 69.3%, and grew EPS 30% including benefit from a lower U.S. federal tax rate. We expect any increase to our valuation will be modest and upward; our wide moat rating stands.We consider the profitability res...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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