Norfolk Southern

NS sets income, OR records

Norfolk Southern’s fourth-quarter and full-year 2018 financial results include record operating income for both periods, and a full-year record-low operating ratio of 65.4%. Net income was $702 million, and diluted earnings per share were $2.57 for 4Q18, and $2.67 billion and $9.51, respectively, for the full year.

NS: $1.5 billion-plus industrial development

Norfolk Southern generated more than 60,000 carloads of new rail traffic in 2018 involving 72 new and 18 expanded industries across 17 states along the company’s rail lines, representing customer investments of more than $1.5 billion.