{"id":6551,"date":"2011-01-26T00:00:00","date_gmt":"2011-01-26T00:00:00","guid":{"rendered":"http:\/\/utu.org\/2011\/01\/26\/ns-reports-profits-increased-in-2010-6\/"},"modified":"2011-01-26T00:00:00","modified_gmt":"2011-01-26T00:00:00","slug":"ns-reports-profits-increased-in-2010-6","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/ns-reports-profits-increased-in-2010-6\/","title":{"rendered":"NS reports profits increased in 2010","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>Norfolk Southern Jan 25 reported a 31 percent increase in fourth quarter profit (versus fourth quarter 2009) and a 45 percent increase in calendar-year 2010 profit.<\/p>\n<p>NS also reported a 5 percentage point\u00a0improvement in its 2010 operating ratio, which declined to 71.9 percent. Operating ratio &#8212; a railroad&#8217;s operating expenses expressed as a percentage of operating revenue &#8212; is considered by economists to be the basic measure of carrier profitability.\u00a0<\/p>\n<p>Additionally, NS increased its quarterly dividend on common stock Jan 25 by 11 percent &#8212; the second NS dividend increase of 2010.<\/p>\n<p>&#8220;We have every reason to believe that 2011 will be an even stronger year for us,&#8221; said NS CEO Wick Moorman.<\/p>\n<p>The company also said FedEx has selected NS as its primary eastern rail to carry FedEx intermodal (trailers and containers on flat cars).<\/p>\n<p>NS operates 21,000 route miles in 22 states and the District of Columbia.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Norfolk Southern Jan 25 reported a 31 percent increase in fourth quarter profit (versus fourth quarter 2009) and a 45 percent increase in calendar-year 2010 profit. NS also reported a 5 percentage point\u00a0improvement in its 2010 operating ratio, which declined to 71.9 percent. Operating ratio &#8212; a railroad&#8217;s operating expenses expressed as a percentage of [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[31,45,9,18],"tags":[],"member_types":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NS reports profits increased in 2010 - SMART Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smart-union.org\/ns-reports-profits-increased-in-2010-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NS reports profits increased in 2010 - SMART Union\" \/>\n<meta property=\"og:description\" content=\"Norfolk Southern Jan 25 reported a 31 percent increase in fourth quarter profit (versus fourth quarter 2009) and a 45 percent increase in calendar-year 2010 profit. 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