Norfolk Southern – Page 27

Norfolk Southern Foundation Awards $5.7 Million in 2009

February 11, 2010 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corp., awarded grants worth more than $5.7 million to nonprofit charitable organizations in 2009. The grants included $1.47 million in employee matching gifts in support of 535 organizations. Grants other than matching gifts went to 329 organizations in Norfolk Southern’s operating territory. The Foundation contributed to 75 United Way campaigns plus other health and human services nonprofits ($1,600,300), educational institutions ($1,100,587), cultural and arts groups ($1,145,478), and civic, community, and environmental organizations ($402,750). Among the largest recipients were the United Ways in Norfolk and Roanoke, Va., and

Norfolk Southern Reports 2009 Fourth-Quarter and Full-Year Results

January 27, 2010 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. reported fourth-quarter 2009 net income of $307 million, or $0.82 per diluted share, compared with $452 million, or $1.21 per diluted share, for the same quarter of 2008. Net income for 2009 was $1.0 billion, or $2.76 per diluted share, compared with $1.7 billion, or $4.52 per diluted share, for 2008. “Our fourth-quarter results demonstrate a continuation of the momentum we have generated since the second quarter of 2009,” said CEO Wick Moorman. “The results reflect a high level of performance throughout Norfolk Southern, and showcase the strength and flexibility of our franchise, our

Thomas D. Bell Jr. Elected to Norfolk Southern Board

January 26, 2010 Railfanning.org News Wire

NORFOLK, Va. — Thomas D. Bell Jr., chairman of SecurAmerica LLC, has been elected a director of Norfolk Southern Corp., Norfolk Southern CEO Wick Moorman announced today. Bell retired as chairman and chief executive officer of Cousins Properties in July 2009. He previously served as chairman and CEO of the advertising and communications firm Young and Rubicam Inc., vice chairman and director of Gulfstream Aerospace Corporation, executive vice president of Ball Corporation, chairman of the Center for Naval Analysis, and president and CEO of the Hudson Institute. Bell attended the University of Tennessee and New York University. He served as

Feds Announce New Safety Standards for Freight and Passenger Trains

January 23, 2010 Railfanning.org News Wire

WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.

Norfolk Southern Joins U.S. Green Building Council

December 8, 2009 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern has joined the U.S. Green Building Council (USGBC), a non-profit, membership-based organization committed to a prosperous and sustainable future for the nation through cost-efficient and energy-saving green buildings. Through its latest public-private partnership initiative, the Crescent Corridor Intermodal Freight Program, NS will capitalize on the inherent efficiencies of rail transportation to substantially reduce fuel consumption and greenhouse gas emissions. As part of the Crescent Corridor program, NS has committed to submitting buildings from three of its proposed intermodal terminals in Birmingham, Ala., Greencastle, Pa., and Memphis, Tenn., for LEED (Leadership in Energy and Environmental Design)

Norfolk Southern Named a Top ‘Green’ Company

November 10, 2009 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp.’s sustainability initiatives have earned the company recognition as one of 25 green supply chain partners named by Inbound Logistics magazine. The magazine said its inaugural G25 list was created “to celebrate companies that are on the cutting edge of green; and we want to provide shippers with examples of how service providers are making the sustainability leap, and justification for why they are a cut above.” Norfolk Southern was singled out for its “Green Machine,” a carbon footprint analyzer that allows businesses to estimate the emissions savings of choosing rail transportation. The magazine also

Norfolk Southern Announces $11 Million Investment in Philadelphia Navy Yard Intermodal Facility

November 2, 2009 Railfanning.org News Wire

PHILADELPHIA — Norfolk Southern and the Commonwealth of Pennsylvania are investing $11 million in the railroad’s Philadelphia Navy Yard intermodal facility to expand track and parking capacity. The expansion is part of Norfolk Southern’s multi-state Crescent Corridor initiative to establish a high-speed intermodal freight rail route between the Gulf Coast and the Northeast. The proposed investment — $6 million from Norfolk Southern and $5 million from Pennsylvania — will create the capacity to handle more than 72,000 containers and trailers annually. Construction is scheduled to begin in mid-2010. “Because of its strategic location to Southeastern Pennsylvania, South Jersey, and Delaware,

Norfolk Southern Declares Quarterly Dividend

October 27, 2009 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. announced the regular quarterly dividend of 34 cents per share on its common stock, payable on Dec. 10, to stockholders of record on Nov. 6. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 109 consecutive quarters.

Union Pacific Railroad and Norfolk Southern Introduce Gulf Coast Flyer for Chemical Shipments between the Gulf Coast and Northeast, Southeast

October 26, 2009 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Railroad and Norfolk Southern introduced Gulf Coast Flyer, a rail service for the safe transport of chemicals between the Union Pacific-served southern Texas and Louisiana regions and Norfolk Southern destinations across the northeastern and southeastern United States. Gulf Coast Flyer is designed to build on improved routing and enhanced operations coordination between the two railroads, leaders in serving the chemical marketplace. This product promotes expedited service for customers between the Gulf Coast region and major markets across the Northeast and Southeast. Eastbound and westbound shipments between the two railroads connect at the Salem, Ill., and

NS: ‘Green’ Adds Up With Improved Green Machine Environmental Calculator

October 22, 2009 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. has enhanced its online carbon footprint analyzer, enabling rail customers to estimate the value of carbon offsets in addition to calculating the environmental benefits of shipping by rail. The “Green Machine,” available on the Norfolk Southern Web site at www.nscorp.com/footprints, features a new carbon offset calculator that computes an estimated monetary value of carbon offsets generated by switching freight from truck to rail. Type in the freight tonnage and length of haul, and the user-friendly calculator does the rest, based on the current market price of carbon offsets. “We unveiled the Green Machine more