Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Norfolk Southern Railway

10/9/2020



Rail News: Norfolk Southern Railway

NS: Impairment charge to help lower Q3 operating expenses, ratio


advertisement

Norfolk Southern Corp. expects to have an approximately $99 million impairment charge in the third quarter, which is expected to lower operating expenses, according to an Oct. 7 filing with the U.S. Securities and Exchange Commission.

In the filing, NS said it expects to report Q3 operating revenue of $2.5 billion, operating expenses of $1.666 billion and an unadjusted operating ratio of 66.5%.

Excluding the non-cash impairment charge, for the third quarter, NS' adjusted railway operating expenses are expected to be about $1.567 billion and its adjusted operating ratio is expected to be 62.5%, the filing states.

NS will provide full third-quarter financial results on Oct. 28.



Contact Progressive Railroading editorial staff.

More News from 10/9/2020