Norfolk Southern – Page 27

Michael D. Lockhart Elected to Norfolk Southern Board

September 23, 2008 Railfanning.org News Wire

NORFOLK, Va. — Michael D. Lockhart, chairman, president, and chief executive officer of Armstrong World Industries Inc., has been elected a director of Norfolk Southern Corp., Chairman and CEO Wick Moorman announced. Lockhart joined Armstrong in 2000. Prior to that, he was chairman and chief executive officer of General Signal Corporation from 1995 until it was acquired in 1998. He joined General Signal as president and chief operating officer in 1994. From 1981 until 1994, Lockhart worked for General Electric Company in various executive capacities in GE Capital, GE Transportation Systems, and GE Aircraft Engines. Lockhart holds a master’s degree

Norfolk Southern and BLET Reach New Agreement

September 16, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Railway Company and the Brotherhood of Locomotive Engineers and Trainmen (BLET) have reached a new agreement that will continue to link engineer compensation to company performance through 2014. The BLET has participated in such a bonus program since 1996. The new agreement covers approximately 5,000 engineers and provides each engineer the opportunity for an annual bonus payment based on company financial and service performance metrics and, for the first time, his or her work availability in the previous year. Other highlights of the agreement include annual wage increases totaling 19 percent from 2009 through 2014,

Norfolk Southern is One of the Best Places to Launch a Career

September 15, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern is one of the 50 “Best Places to Launch a Career,” according to the Sept. 15 issue of BusinessWeek magazine. BusinessWeek‘s annual list is based on a survey of U.S. employers, college career services directors, and some 40,000 college undergraduates. Norfolk Southern’s place on the list improved from last year, and the magazine noted, “High oil prices wreaked havoc on everything from air carriers to freight delivery companies. The one beneficiary: rail.” “Railroading today is a growth industry,” said Cindy Earhart, NS vice president human resources. “With our focus on safety and service, our light

Norfolk Southern is One of the Best Places to Launch a Career

September 12, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern is one of the 50 “Best Places to Launch a Career,” according to the Sept. 15, 2008, issue of BusinessWeek magazine. BusinessWeek’s annual list is based on a survey of U.S. employers, college career services directors, and some 40,000 college undergraduates. Norfolk Southern’s place on the list improved from last year, and the magazine noted, “High oil prices wreaked havoc on everything from air carriers to freight delivery companies. The one beneficiary: rail.” “Railroading today is a growth industry,” said Cindy Earhart, NS vice president human resources. “With our focus on safety and service, our

Norfolk Southern Whistle-Stop Train Delivers Safety Training to Emergency Responders in Georgia, Carolinas and Virginia

September 9, 2008 Railfanning.org News Wire

NORFOLK, Va. — A special train will travel to Georgia, South Carolina, North Carolina, and Virginia Sept. 15-19 to provide emergency preparedness training to first responders as part of the 2008 Norfolk Southern TRANSCAER Whistle-Stop Tour. TRANSCAER (Transportation Community Awareness and Emergency Response) is a nationwide program that assists communities in preparing for and responding to a possible hazardous material transportation incident. “The Whistle-Stop Tour brings emergency preparedness training to response organizations and educates communities near major rail routes about rail equipment, chemical transportation, and the importance of planning for potential hazardous material transportation emergencies,” said Chuck Wehrmeister, Norfolk Southern’s

Norfolk Southern Says NTSB’s Finding on 2006 Train Accident is Erroneous

August 29, 2008 Railfanning.org News Wire

NORFOLK, Va. — In a formal petition filed with the National Transportation Safety Board, Norfolk Southern Railway Company presented documentation and analysis, including new evidence, clearly establishing good cause for the NTSB to reexamine and amend its conclusion regarding the cause of an Oct. 20, 2006, derailment in New Brighton, Pa. The NTSB’s assertion that the accident was caused by an “inadequate rail inspection and maintenance program” is contrary to both the new and previously available evidence provided to the agency during its original investigation, NS said. The immediate cause of the New Brighton accident was a rail fracture that

Norfolk Southern Foundation Awards $2.2 Million in First Half of 2008

August 21, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Foundation — the charitable giving affiliate of Norfolk Southern Corporation — awarded grants worth nearly $2.2 million to nonprofit charitable organizations during the first half of 2008. The grants included $721,615 in employee and retiree matching gifts in support of 334 organizations. Grants other than matching gifts went to 104 organizations throughout Norfolk Southern’s operating territory. Excluding matching gifts, the Foundation contributed to various United Way campaigns and other health and human services nonprofits ($516,000), educational institutions ($301,800), cultural and arts groups ($525,750), and civic and community groups, including environmental organizations ($128,815). Of the $2.2

Lowcountry Open Land Trust Announces Largest Conservation Gift in South Carolina History

August 4, 2008 Railfanning.org News Wire

CHARLESTON, S.C. — Some of the most ecologically significant land in the U.S. will be protected permanently from development through a conservation easement donated by Norfolk Southern to the Lowcountry Open Land Trust. The easement is thought to be one of the largest in the Southeast and the largest ever by a corporation in South Carolina. Norfolk Southern, through two subsidiaries, has granted an easement on 12,488 acres of its Brosnan Forest timber and wildlife preserve near Dorchester, S.C., 35 miles northwest of Charleston. The property is near the 15,000-acre Francis Beidler Forest, which is owned and operated by the

NS: NTSB Determination Concerning 2006 Train Accident is Faulty

July 25, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Railway Co. says it strongly disagrees with the National Transportation Safety Board’s determination of probable cause contained in its Accident Report released today for the New Brighton, Pa., derailment. The NTSB found that an Oct. 20, 2006, derailment was caused by an “inadequate rail inspection and maintenance program,” and contributing to the accident was the Federal Railroad Administration’s inadequate oversight of the internal rail inspection process and its insufficient requirements for internal rail inspection. But, Norfolk Southern said its rail inspection and maintenance program complies with all applicable regulations, and even the NTSB concedes that

Norfolk Southern Reports Record Results; Net Income Increases 15 Percent

July 22, 2008 Railfanning.org News Wire

NORFOLK, Va. — For the second quarter of 2008, Norfolk Southern Corp. reported record net income of $453 million, or $1.18 per diluted share, compared with $394 million, or $0.98 per diluted share, for the same period of 2007. Second-quarter railway operating revenues were a record $2.8 billion, up 16 percent compared with the second quarter of 2007. “Norfolk Southern delivered record financial results during the quarter, reporting continuing strength in our coal, agriculture, and metals markets,” said Norfolk Southern CEO Wick Moorman. “Looking ahead, our franchise should continue to benefit from a broad and balanced customer base as well