Norfolk Southern reports fourth-quarter and full-year 2020 results
NORFOLK, Va., Jan. 27, 2021 /PRNewswire/ --Norfolk Southern Corporation (NYSE: NSC) today reported fourth-quarter and full-year 2020 financial results.
- NORFOLK, Va., Jan. 27, 2021 /PRNewswire/ --Norfolk Southern Corporation (NYSE: NSC) today reported fourth-quarter and full-year 2020 financial results.
- During the first quarter of 2020, Norfolk Southern reported a $385 million non-cash locomotive rationalization charge, and in the third quarter of 2020 reported a $99 million non-cash investment impairment charge.
- "During a year of unprecedented market disruption and uncertainty, the Norfolk Southern team delivered record productivity levels while providing safe and reliable freight solutions for our customers," said James A. Squires, Norfolk Southern chairman, president and CEO.
- Norfolk Southern also uses these non-GAAP measures as supplemental measures to evaluate its business and performance.