Norfolk Southern

Norfolk Southern

Norfolk Southern Facilitates $2.1 Billion in Industrial Investment in 2012

January 4, 2013 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern Corp. participated in the location of 64 new industries and the expansion of 30 existing industries along its rail lines in 2012. New plants and expansions announced in 2012 represented an investment of $2.1 billion by Norfolk Southern customers and are expected to create more than 6,100 jobs in the railroad’s territory, in future years potentially generating more than 141,000 carloads of new rail traffic annually. Norfolk Southern assisted state and local government and economic development officials throughout 19 states in helping customers identify ideal locations for new and expanded facilities. “Our 2012 results were
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Norfolk Southern

Norfolk Southern Completes Major Upgrade of Export Coal Facility

December 9, 2012 Railfanning.org News Wire
NORFOLK, Va, — Norfolk Southern has completed a major upgrade to its Lamberts Point export coal transload facility in Norfolk, positioning it to remain the largest and fastest coal transload facility in the Northern Hemisphere. More commonly known simply as Pier 6, the facility transfers coal hauled by train from Appalachian coal fields to ships bound for world markets. “This investment reflects our belief in the long-term prospects for the global coal market and Norfolk Southern’s continuing pivotal role in that market,” said Danny Smith, NS senior vice president-energy and property. “This helps assure that we will remain the premier
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Norfolk Southern

NS: Rail-Delivered Sand Will Move Faster Through Upgraded Terminal

September 28, 2012 Railfanning.org News Wire
NORFOLK, Va., Sept. 28, 2012 /PRNewswire/ — Trains hauling sand used in extracting natural gas from the Marcellus Shale formation soon will have the ability to unload five times faster thanks to a $20 million upgrade at the Horseheads (N.Y.) Sand & Transloading Terminal (HOST). Owned and operated by Carriage House Partners and RLB Holdings, HOST is in the final stages of constructing a 90,000-square-foot transloading building, scheduled to be completed by Oct. 8. HOST also broke ground this month on a second 90,000-square-foot transloading facility to be opened in 2013, and both buildings are designed for the storage of
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Norfolk Southern

Norfolk Southern Expects Third Quarter Results to be Below Third Quarter 2011

September 19, 2012 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern Corp. said third quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, primarily due to volume declines in certain markets and lower revenues from fuel surcharges. Decreased coal and merchandise shipments, offset in part by growth in intermodal volumes, are together expected to reduce revenues by approximately $120 million compared with third quarter 2011. Fuel surcharge revenues are anticipated to be approximately $80 million below the same period last year, the company said. Third quarter 2011 fuel surcharge revenues included a favorable lag-effect of $52 million, whereas
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Norfolk Southern

Norfolk Southern’s ‘Train Your Brain’ Safety Campaign Heads to Alabama

April 11, 2012 Railfanning.org News Wire
NORFOLK, Va. — Alabama, known for college sports, beaches, and space camp, among other things, will never be the same once Brainy, a giant, wide-eyed pink walking brain, arrives this week. Brainy, a hapless brain in need of training, is Norfolk Southern’s (NYSE: NSC) public safety mascot. Brainy is part of Norfolk Southern’s “Train Your Brain” public railroad safety program, now in its sixth year. Brainy reminds people to be smart and alert around highway-rail grade crossings and to avoid trespassing on railroad property. Alabama was selected as a target for the Train Your Brain campaign because it is a
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Norfolk Southern

Railroad Running Well After Best-ever Year in 2011, Norfolk Southern CEO Says in Annual Report

March 25, 2012 Railfanning.org News Wire
NORFOLK, Va. — After setting performance records in 2011, Norfolk Southern Corp. looks ahead to its 30th anniversary in 2012 and beyond “with confidence, optimism, and a great deal of enthusiasm,” CEO Wick Moorman tells stockholders in the 2011 annual report, posted on the company’s website. “The railroad is running well, we have a strong capital budget, and the right projects are under way to enhance our business franchises,” Moorman says. Improving markets and corporate initiatives combined to make 2011 the company’s “best-ever year,” he notes, with record revenues, operating income, net income, and earnings per share. “Perhaps most importantly,