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2005-01-27 Home Front: Economy

2004 record year for Norfolk Southern RR

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Posted by Dar 2005-01-27 10:28:23 AM|| || Front Page|| [1 views since 2007-05-07] Top

#1 CSX also released 2004 earnings reports a couple days ago:
CSX Corporation today reported its financial results for the fourth quarter of 2004.

* Net earnings were $66 million, or 30 cents per share, including international terminal's discontinued operations and related tax obligations, which lowered net earnings by $93 million, or 41 cents per share;
* Net earnings from continuing operations were $159 million, or 71 cents per share, up $47 million, or 42% compared to the prior year's quarter;
* Surface Transportation operating income, including rail and intermodal operations, was $315 million, up $76 million, or 32% compared to the fourth quarter of 2003.

Not too shabby for both east coast RRs--especially considering their 3rd and 4th quarters were in upheaval thanks to the onslaught of hurricanes that not only devastated FL but caused landslides, washouts, and flooding all through the east (even up here in western PA--thanks, Ivan!).

Posted by Dar 2005-01-27 10:36:13 AM|| 2005-01-27 10:36:13 AM|| Front Page Top

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