Norfolk Southern

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Norfolk Southern

Norfolk Southern Headquarters Earns EPA’s Energy Star

February 25, 2011 Railfanning.org News Wire
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
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Norfolk Southern

Norfolk Southern Facilitates $2.5 Billion in Industrial Investment Along Rail Lines in 2010

February 2, 2011 Railfanning.org News Wire
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
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Norfolk Southern Foundation Awards Nearly $5.6 million to Charitable Organizations in 2010

February 1, 2011 Railfanning.org News Wire
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
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Norfolk Southern

Norfolk Southern Reports 2010 Fourth-Quarter and Full-Year Results

January 25, 2011 Railfanning.org News Wire
Norfolk Southern Corp. reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31 percent higher compared with $307 million, or $0.82 per diluted share, for the same quarter of 2009. Fourth-quarter 2010 results benefited from a $34 million, or $0.09 per diluted share, change in estimate affecting deferred income taxes. Net income for 2010 was $1.5 billion, or $4.00 per diluted share, an increase of 45 percent, compared with $1.0 billion, or $2.76 per diluted share, in 2009. “During 2010 we profitably grew the business, invested in the franchise, generated significant levels of cash, and produced attractive returns for our shareholders,” said CEO Wick Moorman. “We
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Norfolk Southern

Norfolk Southern Increases Dividend

January 25, 2011 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern Corp. said its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 11 percent, or 4 cents per share, from 36 to 40 cents per share. The increased dividend is payable on March 10 to stockholders of record on Feb. 4.