{"id":9068,"date":"2011-04-28T19:33:48","date_gmt":"2011-04-28T19:33:48","guid":{"rendered":"http:\/\/utu.org\/?p=9068"},"modified":"2011-04-28T19:33:48","modified_gmt":"2011-04-28T19:33:48","slug":"ns-first-quarter-profit-leaps-26-percent","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/ns-first-quarter-profit-leaps-26-percent\/","title":{"rendered":"NS first-quarter profit leaps 26 percent","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Norfolk Southern reported a 26 percent increase in profit for first quarter 2011 versus first quarter 2010. This follows a 45 jump in NS profit for calendar-year 2010.<\/p>\n
NS CEO Wick Moorman said the railroad intends to add some 1,100 new workers during 2011, returning employment to the same level as in 2008.<\/p>\n
NS operating ratio for first quarter 2011 was 77.1 percent, higher than the 75.2 percent in the first quarter 2010, owing, in part, to severe winter weather. The fourth-quarter 2010 NS operating ratio was 71.9 percent.<\/p>\n
Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists to be the basic measure of carrier profitability. The lower the operating ratio, the higher is profit.<\/p>\n
Moorman told Wall Street analysts, “We see continuing opportunities for growth in almost every segment of our business, and we’re optimistic about our prospects for the balance of 2011.”<\/p>\n
NS operates some 20,000 route miles in 22 states and the District of Columbia.<\/p>\n
<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"
Norfolk Southern reported a 26 percent increase in profit for first quarter 2011 versus first quarter 2010. This follows a 45 jump in NS profit for calendar-year 2010. NS CEO Wick Moorman said the railroad intends to add some 1,100 new workers during 2011, returning employment to the same level as in 2008. NS operating […]<\/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":[181,92,566],"member_types":[],"acf":[],"yoast_head":"\n