Norfolk Southern Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Plans to Invest $2.2 Billion in the Year 2014
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.