Norfolk Southern – Page 33

Pan Am Railways and Norfolk Southern Create the Patriot Corridor to Improve Rail Service and Expand Capacity in New York and New England

May 15, 2008 Railfanning.org News Wire

NORTH BILLERICA, Mass. — Pan Am Railways and Norfolk Southern Railway have agreed to create an improved rail route between Albany, N.Y., and the greater Boston, Mass., area called the “Patriot Corridor.” Investments in the Patriot Corridor are expected to improve track quality and customer service, boost train speed and reliability, and increase capacity on the route. PAR and NS each will have a 50 percent interest in the newly formed railroad company, called “Pan Am Southern.” PAR has agreed to transfer to the joint venture its 155-mile main line track that runs between Mechanicville (Albany), N.Y., and Ayer, Mass.,

NTSB: Inadequate Rail Inspection to Blame for 2006 NS Derailment

May 13, 2008 Railfanning.org News Wire

WASHINGTON — Norfolk Southern Railroad’s inadequate rail inspection and maintenance program resulted in a rail fracture from an undetected internal defect, which is to blame for an October 2006 derailment. Contributing to the accident was the Federal Railroad Administration’s inadequate oversight of the internal rail inspection process and its insufficient requirements for internal rail inspection. On Oct. 20, 2006, a Norfolk Southern freight train (68QB119), en route from the Chicago area to Sewaren, N.J., derailed while crossing the Beaver River railroad bridge in New Brighton, P.a. The train consisted of a three-unit locomotive pulling three empty freight cars and 83 tank

Balanced Traffic Mix Drives Success, Moorman Tells Stockholders at Annual Meeting

May 8, 2008 Railfanning.org News Wire

NORFOLK, Va. — A balanced mix of traffic has enabled Norfolk Southern to post solid financial and operating performance in spite of softness in the housing and automotive markets, said Chief Executive Officer Wick Moorman during the company’s 26th annual stockholders meeting, held in Norfolk, Va. “Our results speak volumes for something that we talk about all the time – the strength of our balanced portfolio of business,” Moorman said. “We’re really seeing two different economies out there in that a large component of our business is very healthy. Our agricultural business and anything having to do with commodities are

STB Makes Rail Revenue Adequacy Determination for 2006

May 6, 2008 Railfanning.org News Wire

WASHINGTON –Three Class I railroads, the BNSF Railway Co., the Norfolk Southern Railway Co., and the Soo Line Railroad Co. (a subsidiary of Canadian Pacific Railway Co., were revenue adequate for 2006. All other Class I freight railroads were found to be revenue inadequate for that year. The Surface Transportation Board made its determinations of revenue adequacy for the seven Class I freight railroads (the Nation’s largest) for 2006. A railroad is considered to be revenue adequate if it achieves a rate of return on net investment (ROI) equal to at least the current cost of capital (i.e., the cost

DOJ Sues NS Over Graniteville Derailment

April 24, 2008 Railfanning.org News Wire

WASHINGTON — The United States Department of Justice filed an environmental lawsuit suit against Norfolk Southern Railway, three years after a fatal derailment in Graniteville, S.C. The Department of Justice is seeking civil penalties and injunctive relief under the Clean Water Act and the Comprehensive Environmental Response, Compensation and Liability Act. On Jan. 6, 2005, a northbound Norfolk Southern Railway freight train encountered an “improperly lined” switch, and the train diverted from the main line onto an industry track. There, it struck an unoccupied, parked train. Among the derailed cars were three tank cars containing chlorine, one of which was

Norfolk Southern Reports First-Quarter 2008 Results

April 22, 2008 Railfanning.org News Wire

NORFOLK, Va. — For the first quarter of 2008, Norfolk Southern Corporation reported net income of $291 million, or $0.76 per diluted share, compared with $285 million, or $0.71 per diluted share, for the first quarter of 2007. First-quarter 2008 results were impacted by the settlement of a lawsuit relating to the 2005 accident at Graniteville, S.C., which, when combined with other favorable claims-related adjustments, reduced earnings by $0.02 per diluted share. “Norfolk Southern delivered strong financial performance during the quarter, reporting the highest railway operating revenues in its history, in spite of a less than robust economy,” said Norfolk

Norfolk Southern’s ‘Green Machine’ Does the Math To Make Supply Chains More Environmentally Friendly

April 16, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern’s new online carbon footprint analyzer puts the environmental benefits of rail transportation into an easy-to-visualize perspective. The “Green Machine” quickly estimates the reductions in greenhouse gas emissions that occur when rail transportation becomes a larger component in shipper supply chains. The Green Machine can be accessed through Norfolk Southern’s environmental Web site at www.nscorp.com/future and through its accessNS e-commerce portal at www.nscorp.com. The calculator prompts the user to enter shipment volumes, along with network or lane information. Using graphic slides, the user then can gauge the emission reductions that occur as rail becomes a larger

Norfolk Southern 2007 Annual Report: All In A Day’s Work

March 27, 2008 Railfanning.org News Wire

NORFOLK, Va. — Norfolk Southern Corp. tells the story of a record-setting year through the lens of a single day in its 2007 Annual Report, posted on the company’s Web site. The report, titled “Thoroughbred 24/7,” features photographs from throughout the transportation network on Oct. 23, 2007, a day on which the railroad moved tons of commodities without a single reportable employee injury. For the 18th consecutive year, Norfolk Southern earned the top industry award for workplace safety. Railway operating revenues, income from railway operations, and diluted earnings per share all set records. In his letter to stockholders, Chairman, President

Norfolk Southern Names Newell Baker to Lead Industrial Development; Collingwood Retires

February 26, 2008 Railfanning.org News Wire

NORFOLK, Va. — Newell M. Baker has been named assistant vice president industrial development for Norfolk Southern Corp. effective March 1, in Atlanta. He will report to Robert E. Martinez, vice president business development. Baker joined Norfolk Southern as a management trainee in the engineering department in 1973. He was named director industrial development, his current position, in 1993. Baker earned a bachelor’s degree in civil engineering from North Carolina State University. In his new position, Baker will assume the responsibilities held by Larry R. Collingwood, who will retire March 1 after a 36-year railroad career. Collingwood joined Norfolk Southern

New, Safer Brake Technology for Freight Trains Gains Traction as Second Railroad Launches ECP Train

February 8, 2008 Railfanning.org News Wire

WASHINGTON — Utilizing advanced brake technology advocated by the Federal Railroad Administration (FRA), the BNSF Railway has launched its first revenue service train fully equipped with state-of-the-art electronically controlled pneumatic (ECP) brakes. “We expect that these brakes can make rail operations safer and provide business benefits as well,” FRA Administrator Joseph H. Boardman said, noting that BNSF, along with the Norfolk Southern Railway, received FRA waiver approval last year to install and begin demonstrating ECP brake technology. In contrast to conventional air brake systems, which operate sequentially from one rail car to the next, ECP technology applies the brakes uniformly