press "> press " />

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

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Norfolk Southern reports fourth-quarter 2012 and full-year results

(Source: Norfolk Southern press release, January 22, 2013)

NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011.Net income for 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.

Highlights for fourth-quarter 2012:

• Railway operating revenues were $2.7 billion.
• Income from railway operations was $714 million.
• Net income totaled $413 million.
• Diluted earnings per share were $1.30.
• The railway operating ratio was 73.4 percent.

Highlights for 2012:

• Railway operating revenues were $11 billion.
• Income from railway operations was $3.1 billion.
• Net income was $1.7 billion.
• Diluted earnings per share were $5.37.
• The railway operating ratio was 71.7 percent.

“While the fourth quarter reflected declines in coal shipments, we also saw steady intermodal volume gains coupled with improved volumes in our chemicals, auto, and housing sectors,” said Norfolk Southern CEO Wick Moorman. “We remain focused on controlling costs and improving productivity while continuing to provide high service levels for our customers. In 2013, we plan to invest $2 billion in capital improvements to further our strong safety performance, improve operational efficiency and service, and support future growth.”

Fourth-quarter railway operating revenues were $2.7 billion, down 4 percent compared with the same period of 2011. For 2012, railway operating revenues were $11 billion, 1 percent lower than 2011.

General merchandise revenues were $1.4 billion, 4 percent higher compared with fourth-quarter 2011 results. For 2012, general merchandise revenues increased to $5.9 billion, 6 percent higher compared with 2011. Traffic volume increased 1 percent in the quarter and 2 percent for the year compared with the same periods of 2011.

Coal revenues were $657 million, 23 percent lower compared with fourth-quarter 2011, and $2.9 billion for 2012, 17 percent lower than 2011. Coal traffic volume declined 13 percent both in the quarter and for 2012 compared with the same periods of 2011.

Intermodal revenues increased to $584 million, 5 percent higher compared with fourth-quarter 2011. For the full year, intermodal revenues reached $2.2 billion, up 5 percent compared with 2011. Traffic volume increased 4 percent in the quarter and 5 percent for 2012 compared with the same periods of 2011.

Fourth-quarter railway operating expenses were $2 billion, 1 percent lower compared with the same period a year earlier. For 2012, railway operating expenses were $7.9 billion, also down 1 percent compared with 2011.

Income from railway operations was $714 million, 11 percent lower compared with fourth-quarter 2011, and $3.1 billion for 2012, 3 percent lower compared with 2011.

The railway operating ratio increased 3 percent to 73.4 percent during the fourth quarter and rose 1 percent to 71.7 percent for 2012 compared with the same periods of 2011.

Wednesday, January 23, 2013

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
NTSB investigator says fatal crash damaged trackside signal; Still hope to recover data
BNSF offers $100,000 reward for info on worker's death
Teamsters Canada Rail Conference workers at Bombardier (Go Transit) ratify new collective agreement
Opinion: The case for high-speed rail in Texas
Amtrak's Vermonter to add stops in western Massachusetts
BNSF says it's trying to catch up with demand
Train speeds may almost double on some KCS lines in South Mississippi
Environmental regulators, CSX discuss April derailment in Lynchburg
BNSF: East county tracks a good alternative to Bellingham for coal trains
Indianapolis to fund Hoosier State Amtrak line through January
Amtrak offers train service to New York State Fair
Railroad Retirement Board financial reports

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe