Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/22/2014 9:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Norfolk Southern Fourth-Quarter Profit Rises


ravensong75/Flickr

Norfolk Southern Corp. said its fourth-quarter profit increased 24%, and income from railway operations rose 23% to $881 million.

Net income rose to $513 million, or $1.64 per share, from $413 million, or $1.30, a year ago.

Fourth-quarter revenue increased 7% to $2.9 billion, the eastern U.S. freight railroad said. Intermodal revenue rose 6% to $618 million.

The company said its 2013 full-year net income increased 9% to $1.9 billion, and intermodal revenue rose 6% to $2.4 billion compared with the prior year.

“Norfolk Southern’s team of safety and service-oriented employees drove our record-setting fourth-quarter results through increased productivity, efficient network operations and continued revenue gains,” Norfolk Southern CEO Wick Moorman said in a statement. “We’re seeing the results of our investments in network capacity and technology enhance our ability to offer superior service to all of our customers.”

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement