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Norfolk Southern Corporation (NYSE:NSC) feels confident about prospects for future growth, as evidenced in their recently released annual report.
Norfolk Southern Corporation (NYSE:NSC) feels confident about prospects for future growth, as evidenced in their recently released annual report.
Coming off its second-best year ever for revenue, operating income, net income, and earnings per share, Norfolk Southern Corporation is positioned well for growth, and “the future looks good,” CEO Wick Moorman tells stockholders in the 2012 annual report.
Norfolk’s CEO, Wick Moorman, said:
Despite significant challenges in our coal business, we delivered solid results for our shareholders,” Moorman says. “From an operations perspective, the railroad ran extremely well, setting all-time highs for most of our service and velocity metrics. We also continued our strong record of reinvesting in the company, with more than $2.2 billion in capital spending, including completion of some key projects to drive future growth.