Norfolk Southern Corporation today reported second-quarter 2021 financial results, which included second-quarter records for net income and diluted earnings per share, and all-time quarterly records for operating ratio and income from railway operations.
Second-quarter net income was $819 million, diluted earnings per share were $3.28, and the operating ratio improved to 58.3%.
Second-quarter summary
- Railway operating revenues of $2.8 billion increased 34%, or $714 million, compared with second-quarter 2020, driven by a 25% increase in volume and a 7% increase in revenue per unit.
- Railway operating expenses were $1.6 billion, an increase of 11%, or $157 million, compared with the same period last year.
- Income from railway operations was an all-time quarterly record of $1.2 billion, an increase of 91%, or $557 million, year-over-year.
- Railway operating ratio was 58.3%, an all-time record.
-via Press Release