Plus   Neg

Norfolk Southern Targets Full Year Operating Ratio Of 60% By 2021 - Quick Facts

Norfolk Southern Corp. (NSC) announced its strategic plan - focused on increased productivity, efficiency, and revenue growth, and targeting an operating ratio of 60 percent by 2021. Also, the company said it plans full year operating ratio improvement in 2019 of at least 100 basis points on 2018 operating ratio of 65.4 percent. Norfolk Southern targets revenue growth at a compound annual rate of 5 percent through 2021.

Norfolk Southern said it plans dividend payout ratio of 33 percent and continuance of share repurchases using free cash flow and borrowing capacity.

Chairman, President and CEO James A. Squires. "As we implement precision scheduled railroading, our initiatives are focused on five key principles: serving our customers, managing our assets, controlling our costs, working safely, and developing our people."

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT