(Source: Norfolk Southern press release, March 25, 2015)
NORFOLK, Va. — Norfolk Southern Corporation today posted its 2014 Annual Report online, highlighting record-setting net income, revenues, operating income, earnings per share, and operating ratio. The annual report, titled, “Behind Every Train,” includes a letter from CEO Wick Moorman that focuses on the people, equipment, and infrastructure supporting the company’s financial and operational achievements.
“2014 was an outstanding year for Norfolk Southern,” Moorman said. “Our performance during the year demonstrated the increasing demand for our services, the growing value of freight rail transportation in the marketplace, and Norfolk Southern’s progress in enhancing service to meet the needs of customers and create long-term value for shareholders.”
Moorman said, “As business began to rise dramatically following the difficult winter, we invested significant resources to align our people, equipment, and rail capacity with the volumes we were experiencing on the network.” The company hired 1,344 train and engine employees during 2014 and placed into service 169 locomotives. “We also initiated several infrastructure projects in the Chicago and upper Midwest areas to add capacity and operating flexibility,” Moorman said.
“We remain committed to our proven strategy of operating an efficient, high-velocity railroad, which enables us to offer the best possible customer service and retain and grow business at rates that provide a superior return for our shareholders,” Moorman said.
To request a copy of the 2014 Annual Report, call 800-531-6757, email annualreport@nscorp.com, or write to Norfolk Southern Corp., Corporate Communications Department, Three Commercial Place, Norfolk, Va. 23510-9217.