NORFOLK, Va. — Norfolk Southern Corp. announced the regular quarterly dividend of 40 cents per share on its common stock, payable on June 10, to stockholders of record on May 6.
ROANOKE, Va. — Norfolk Southern’s Roanoke Locomotive Shops achieved 1 million injury-free employee-hours in March. The facility near downtown Roanoke, which employs about 200 people in the heavy maintenance and overhaul of the railroad’s locomotive fleet, reached the milestone March 12 after 3-1/2 years without an injury.
NORFOLK, Va. — Looking ahead with optimism after last year’s second-highest earnings ever, Norfolk Southern Corporation CEO Wick Moorman says in the 2010 Annual Report that the company is prepared for “the volumes we expect throughout 2011 and beyond, in what I believe will continue to be a growing market for our transportation products.”
NORFOLK, Va. — Norfolk Southern announced two actions in relation to the March 11 earthquake and tsunami that resulted in severe loss of life and physical damage in Northern Japan.
NORFOLK, Va. — Norfolk Southern said it received “an unfavorable ruling” an March 18 from an arbitration panel regarding an insurance claim arising out of the Jan. 6, 2005, derailment in Graniteville, S.C.
NORFOLK, Va. — Norfolk Southern has been named to Corporate Responsibility Magazine’s 100 Best Corporate Citizens List for 2011. Norfolk Southern ranked 79th on the magazine’s 12th annual list. This is the third time NS has been on the list.
NORFOLK, Va. — Norfolk Southern’s Arnold B. McKinnon headquarters building has earned the 2010 U.S. Environmental Protection Agency’s Energy Star, the national symbol for protecting the environment through energy efficiency. This signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency. Commercial buildings that earn the Energy Star use an average of 35 percent less energy than typical buildings and release 35 percent less carbon dioxide into the atmosphere. A building that scores 75 or higher on EPA’s 1-100 scale is eligible for the Energy Star. The NS building scored 78. Norfolk Southern increased the
NORFOLK, Va. — Norfolk Southern Corp. participated in the location of 67 new industries and the expansion of 28 existing industries along its rail lines in 2010, the railroad said. New plants and expansions represented an investment of $2.5 billion by Norfolk Southern customers and are expected to create 2,000 jobs in the railroad’s territory, eventually generating more than 132,000 carloads of new rail traffic annually. Norfolk Southern assisted state and local government and economic development officials throughout 16 states in helping customers identify ideal locations for new and expanded facilities. “The energy sector again anchored our results during 2010,” said Newell
NORFOLK, Va. — The Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corp., announced that it awarded nearly $5.6 million in grants during 2010 to nonprofit, charitable organizations. The Foundation supports programs that benefit nonprofit organizations in four principal areas: educational programs; community enrichment, focusing on cultural and artistic organizations; environmental programs; and health and human services. The grants included $1.4 million in employee matching gifts in support of 510 organizations. Grants other than matching gifts went to 310 organizations in Norfolk Southern’s operating territory. The Foundation contributed to 79 United Way campaigns plus other health and human