Norfolk Southern achieves all-time quarterly operating ratio in Q1 2021
(Source: Freight Waves, April 28, 2021)
CHATTANOOGA, Tenn. — Norfolk Southern reached an all-time quarterly record operating ra-tio (OR) in the first quarter amid a 7% increase in operating income. Norfolk Southern’s (NS) OR was 61.5% in the first quarter of 2021, compared with an adjusted OR of 63.7% in the first quarter of 2020. First-quarter net income was $673 million, compared with adjusted net income of $669 million a year ago. Operating revenues were $2.64 billion, compared with nearly $2.63 billion a year ago, amid a 3% increase in rail volumes.
Full story: Freight Waves
Wednesday, April 28, 2021
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