Norfolk Southern reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth quarter, the company reported total railway operating revenues of $2,881 million against $2,684 million a year ago. Income from railway operations was $881 million against $714 million a year ago. Income before income taxes was $783 million against $621 million a year ago. Net income was $513 million or $1.64 per diluted share against $413 million or $1.30 per diluted share a year ago.

For the full year, the company reported total railway operating revenues of $11,245 million against $11,040 million a year ago. Income from railway operations was $3,257 million against $3,124 million a year ago. Income before income taxes was $2,965 million against $2,758 million a year ago. Net income was $1,910 million or $6.04 per diluted share against $1,749 million or $5.37 per diluted share a year ago. Net cash provided by operating activities was $3,078 million against $3,065 million a year ago. Property additions were $1,971 million against $2,241 million a year ago.

The company announced that in 2014, the company plans to invest $2.2 billion, a 12% increase over 2013, to maintain safe railway operations, purchase locomotives and freight cars, and support growth and productivity initiatives.