advertisement

---

On Jan. 29, Norfolk Southern Corp. reported 2002 net income of $460 million, a 23 percent increase compared with 2001's $375 million.


The Class I set an annual operating-revenue record at $6.27 billion, which rose 2 percent compared with the previous year. The railroad's yearly operating expenses dropped $51 million to $5.1 billion; its operating ratio improved 2.2 points to 81.5.


NS also reported all-time high quarterly operating revenue of $1.58 billion during the fourth quarter, up 3 percent, and net income of $129 million, up 12 percent, compared with a similar 2001 period.


Fourth-quarter operating expenses of $1.3 billion rose 3 percent and NS' operating ratio improved 0.2 points to 81.8.


NS' 2002 intermodal revenue of $1.18 billion was the highest of any year in the railroad's history and represented a 5 percent increase compared
with 2001. But annual coal revenue declined 5 percent to $1.44 billion.