Norfolk Southern

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Norfolk Southern

Norfolk Southern Reports Second-Quarter 2010 Results

July 27, 2010 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. has reported second-quarter 2010 net income of $392 million, an increase of 59 percent, compared with $247 million for second-quarter 2009. Diluted earnings per share were $1.04, up 58 percent, compared with $0.66 per diluted share earned in the second quarter of 2009. “Norfolk Southern delivered strong financial results in the second quarter, based on continuing operating leverage,” said CEO Wick Moorman. “This is our fourth straight quarter of volume growth, and we are optimistic about continued year-over-year increases in rail traffic. We remain focused on reinforcing the safety and quality of our franchise, improving operational efficiency and service, and supporting future business growth.”

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Norfolk Southern

Norfolk Southern Increases Dividend

July 27, 2010 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 6 percent, or 2 cents per share, from 34 to 36 cents per share. The increased dividend is payable on Sept. 10, to stockholders of record on Aug. 6. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 112 consecutive quarters.

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Norfolk Southern

Major Trail, Rail Corridors get Boost from Norfolk Southern

July 23, 2010 Railfanning.org News Wire

NORFOLK, Va. — Employees of Norfolk Southern Corp. are teaming up with the Appalachian Trail Conservancy and local trail-maintaining clubs in a one-day “Spruce-It-Up” campaign to clean and improve one of the nation’s longest and most popular scenic trails. The 2,175-mile Appalachian Trail roughly parallels the 2,500-mile Crescent Corridor, a multistate freight rail network that Norfolk Southern is improving with the help of local, state, and federal partners to create green jobs, stimulate local economies, and help relieve highway congestion. “These two initiatives – the Appalachian Trail and the Crescent Corridor – demonstrate how the employees of Norfolk Southern share and support our corporate commitment to responsible sustainability practices that

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Miscellaneous

Plans Call for Steam to Ride the Norfolk Southern Rails Again, Through Display and Excursion Program with TVRM

June 30, 2010 Railfanning.org News Wire

CHATTANOOGA, Tenn. — Norfolk Southern Corp. is in negotiations with the Tennessee Valley Railroad Museum with regard to the operation of a limited schedule of steam locomotive event appearances and passenger excursions beginning later this year. “21st Century Steam” would highlight milestones in rail history and provide an opportunity for audiences to learn about today’s safe and service-oriented freight railroads. The program would feature three venerable coal-powered steam locomotives: — Southern Railway 4501: Built in 1911 by Baldwin Locomotive Works, 4501 served Southern Railway in freight service in Tennessee, Virginia, Kentucky and Indiana, before being sold to a short line railroad. No. 4501 was retired from revenue service in 1963 and

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Norfolk Southern

Axion Power to Work With Norfolk Southern on Battery-Driven Locomotive Project

June 9, 2010 Railfanning.org News Wire

NEW CASTLE, Pa. — Axion Power International said it will launch a development program with Norfolk Southern Corp. to develop a battery management system that would allow rail locomotives to operate on battery power and recharge their batteries through regenerative braking. “Railways are the most fuel-efficient method of transporting freight, moving a ton of freight 457 miles on a single gallon of fuel,” Axion Power Chairman & CEO Thomas Granville said. “The ability to run locomotives on electricity is well-established, although the standard means of doing so to date has either been a third rail or an overhead connection – both of which require extensive and expensive infrastructure apparatus. “Most

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Norfolk Southern

Norfolk Southern Goes Social: The Thoroughbred is on Facebook, Twitter, YouTube, Flickr

April 15, 2010 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. has expanded its communications with online audiences, distributing information, video, and photos on popular social media Web sites. News media, customers, shareholders, bloggers, and other opinion leaders now can keep up to date on Norfolk Southern news and information through Facebook, Twitter, YouTube, and Flickr. “A 180-year-old company that traces its roots to the earliest days of railroading in America now connects with digital-age audiences who get their news through online networking,” said Frank Brown, AVP corporate communications. “Our expanded presence on the Internet serves the growing number of people who receive information about Norfolk Southern through new media channels and allows us to