press "> press " />

1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

News and Issues
User Info

Norfolk Southern reports first-quarter 2012 results

(Source: Norfolk Southern press release, April 24, 2012)

NORFOLK, Va. For the first quarter of 2012, Norfolk Southern Corporation reported net income of $410 million ($1.23 per diluted share), 26 percent higher than $325 million ($0.90 per diluted share) for the first quarter of 2011. First-quarter 2011 results included a $58 million non-cash charge that reduced net income by $36 million, or $0.10 per diluted share.

For 2012 vs. 2011, Norfolk Southern achieved the following first-quarter records:

Railway operating revenues increased 6 percent to $2.8 billion.
Income from railway operations improved 24 percent to $745 million.
Net income increased 26 percent to $410 million.
Diluted earnings per share rose 37 percent to $1.23.

I am pleased to report another record-breaking quarter for Norfolk Southern during which we achieved first-quarter highs in revenues, operating income, net income, and earnings per share, said CEO Wick Moorman. The benefits of our steady focus on service and operating efficiency are reflected in our results, and we continue to position our franchise for sustained growth through strategic investments in infrastructure.

Compared with the first quarter of 2011, in the first quarter of 2012: Railway operating revenues improved 6 percent to $2.8 billion, primarily as the result of a 5 percent increase in revenue per unit; general merchandise revenues improved 13 percent to $1.5 billion; coal revenues declined 6 percent to $766 million; and intermodal revenues improved 9 percent to $527 million.

Railway operating expenses for the quarter were $2 billion, up 1 percent compared with first-quarter 2011. The increase was largely due to higher fuel prices, compensation costs, and materials expenses, offset in part by the absence of last years non-cash charge.

Income from railway operations for the first quarter increased 24 percent to $745 million compared with the same period of 2011.

The first-quarter railway operating ratio improved 5 percent to 73.3 percent compared with first-quarter 2011, and equaled our first-quarter record.

Thursday, April 26, 2012

Like us on Facebook at

Sign up for BLET News Flash Alerts

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts


Get the latest labor news: Read the Teamster Nation blog
CP Rail still waiting on response from NS
TSA, Amtrak taking security measures ahead of holiday weekend
Amtrak ramps up service for holiday travel
Report: New Jersey cant afford its share of Hudson rail tunnel
Train riders should pay extra to fund Gateway Tunnel, Moodys says
Opinion: Hudson River rail tunnel agreement offers hope for the future
What will the Northeast Corridor look like in the year 2040?
Chicago Teamsters bring unfair labor practices suit against Coca-Cola
Plan for major terminal would boost oil train traffic across Washington state
BNSF completes landslide prevention walls near Everett, Wash.
Metra unveils new winterizing tools to protect track switches
How railroad history shaped Internet history
First annual National Lionel Train Day is December 5
CSXs Santa Train completes its 73rd run
The importance of a current connection for Railroad Retirement benefits

More Headlines