7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

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

NS announces strategic plan targeting 60 percent operating ratio by 2021

(Source: Norfolk Southern press release, February 11, 2019)

NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today will provide details of its strategic plan – focused on increased productivity, efficiency, and revenue growth, and targeting an operating ratio of 60 percent by 2021 – at its Investor and Financial Analyst Conference in Atlanta.

“Our strategic plan capitalizes on the strength of our exceptional franchise to lower costs, operate more efficiently, and deliver stronger margins,” said Chairman, President and CEO James A. Squires. “As we implement precision scheduled railroading, our initiatives are focused on five key principles: serving our customers, managing our assets, controlling our costs, working safely, and developing our people. The success of our customers, our employees, and our company will ensure the success of our shareholders.”

Highlights of Norfolk Southern’s financial targets:

• Full year operating ratio improvement in 2019 of at least 100 basis points on our 2018 operating ratio of 65.4 percent.
• Full year operating ratio of 60 percent by 2021.
• Revenue growth at a compound annual rate of 5 percent through 2021.
• Capital expenditures between 16 percent and 18 percent of revenues through 2021 to promote safety, efficiency, and growth.
• Dividend payout ratio of 33 percent and continuance of share repurchases using free cash flow and borrowing capacity.

Monday, February 11, 2019

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2019 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

AAR: Rail traffic down again for week ending August 17, 2019
David Koch, anti-union billionaire, dies at age 79
Canada, U.S. expand preclearance agreement to include cargo
Bakken oil pipeline flows hit six-month high as rail to East Coast drops
BNSF works to derail Oklahoma’s new law to prevent blocked crossings
Gov. Murphy orders NJ Transit to release monthly rail performance metrics
STB moves to rehab outdated Uniform Rail Costing System
Short Line association tells DOT, “we’re important, too”
Amtrak Cascades route to get $38 million for new rail cars
Rail, infrastructure gains give Canadian grain shippers reason for optimism
RRB Q&A: Unemployment and sickness benefits for railroad employees
Get the latest labor news from the Teamsters

More Headlines