Norfolk Southern

RICHMOND, Va. — A critical choke point on Norfolk Southern’s Crescent Corridor has been eliminated with a reconfigured rail junction near Front Royal, Va. This was the final and most complex of six capacity improvement projects in Northern Virginia to handle more trains at higher speeds.

NORFOLK, Va. — Earlier this month, Norfolk Southern’s Maintenance of Way and Structures Department completed $21 million in track, signal and bridge work in seven days on one if its primary coal lines in southwestern Pennsylvania. The Mon Line extends approximately 85 miles from Pittsburgh to coal mines in Washington and Greene counties. In 2009, almost 42 million tons of coal was transported over this rail line. Approximately 20 trains daily use the Mon Line. “Because the Mon Line is critical to Pennsylvania’s coal industry, every year in early July we undertake an intensive effort to maintain and improve the

NORFOLK, Va. — Norfolk Southern’s Automotive Distribution Group recently received two Automotive Quality Excellence Awards for outstanding service from the Association of American Railroads (AAR). The awards are based on rigorous, unannounced audits of rail-served automotive facilities throughout North America. Norfolk Southern won the Highest Quality Review Score for Destination Facilities by achieving a perfect score of 100 percent at its Titusville, Fla., automotive facility. This was the first perfect score ever given any facility since the AAR began its present audit program in 1997. Norfolk Southern also won the award for Greatest Overall Quality Review Score Improvement at Chrysler’s

NORFOLK, Va. — Norfolk Southern Corp. announced that its board of directors has authorized the repurchase of up to an additional 50 million shares of its common stock through Dec. 31, 2014. In combination with the previous share repurchase program that expires on Dec. 31, 2010, the total number of shares that may be repurchased has increased from 75 million to 125 million. From February 2006 through June 30, 2010, approximately 66.7 million shares have been repurchased for $3.4 billion. The timing and volume of any purchases will be guided by management’s assessment of market conditions and other factors. Norfolk

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,

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.