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
AAR: Third highest intermodal week in U.S. history for week ending October 25
Ottawa to toughen train handbrake rules after Lac-Megantic
Midwest high-speed rail plans could mean jobs, supporter says
Three firms bid on second phase of California high-speed rail
BNSF's shale focus blunts ports' comeback bid
Rail delays put East Coast refining in jeopardy
Federal inspector general to audit transport of crude by rail
More than 750 people turn out in Seattle for meeting on oil train study
All buildings in Lac-Megantic disaster zone will be demolished
CSX reports no adverse effects to date on James River water quality
Minnesota's governor and U.S. Senators speak out on unreliable rail shipments of coal
Short line RCP&E moving a record number of cars to connecting lines
Panel discusses big changes coming at the Panama Canal
Medicare Part B premiums remain the same in 2015
Credit for military service under the Railroad Retirement Act

More Headlines


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

Subscribe  Unsubscribe