Norfolk Southern – Page 37

Norfolk Southern’s ‘Best Friend’ Visits Stock Exchange for Opening Bell Ceremony

December 12, 2005 Railfanning.org News Wire

A replica of the first American-built steam locomotive was on display outside the New York Stock Exchange Dec. 12 as part of the opening bell festivities commemorating the 175th anniversary of Norfolk Southern Corp.

Norfolk Southern Announces Planned 2006 Capital Spending

December 9, 2005 Railfanning.org News Wire

NORFOLK, Va. – Norfolk Southern Corporation plans to spend $1.146 billion in 2006 for capital improvements to its railroad operations and subsidiaries. "Continuing strong demand for rail transportation is driving the need for additional investment in Norfolk Southern’s rail network," said CEO Wick Moorman. "Our 2006 capital program ensures that our network and assets continue to be well maintained and also provides for increased capacity in terms of infrastructure, locomotives and cars, and new technology. These investments will enable Norfolk Southern to maintain its safe and reliable operations while providing for further improvements in customer service and capacity for continuing

Highlighting 175 Years of Railroading, Norfolk Southern Museum Will Open December 5

December 2, 2005 Railfanning.org News Wire

Early rail, clothing, tools, locomotive parts, signage, photographs and advertisements are a few of the artifacts that will be on display when the Norfolk Southern Museum opens Dec. 5.

Teamsters: Graniteville Report Highlights Vulnerability of Nation’s Railways

November 29, 2005 Railfanning.org News Wire

WASHINGTON – The National Transportation Safety Board (NTSB) on Nov. 29 recommended that rail companies make important operational changes, including reducing speeds in populated areas, to avoid another catastrophic accident like the crash in Graniteville, South Carolina, in January that killed nine people. The deadly accident occurred when a Norfolk Southern train crashed into a parked freight train that was carrying tank cars of chlorine gas. One of the tank cars exploded, causing a cloud of toxic gas to blanket the area. Eight residents of Graniteville and the locomotive engineer operating the train died after inhaling the gas. "Rail companies

NTSB: NS Train Crew Failed to Reline Switch

November 29, 2005 Railfanning.org News Wire

WASHINGTON — The crew of a Norfolk Southern train failed to return a main line switch to the normal position after the crew completed work at an industry track in Graniteville, S.C., the National Transportation Safety Board has found. On Jan. 6, 2005, a northbound Norfolk Southern Railway freight train (No. 192) encountered an improperly lined switch that diverted the train from the main line onto an industry track where it struck an unoccupied, parked train (P22). The collision derailed both locomotives and 16 of the 42 freight cars of train 192 as well as the locomotive and one of

Success Story? Twenty-Five Years Ago, Railroads Changed Forever, But the Debate Continues Over Whether the Staggers Act is a Success

November 1, 2005 The Cross-Tie

On Oct. 14, 1980, the fate of American railroads changed. Congress passed the Staggers Act, legislation that deregulated the industry. But a quarter of a century later, the debate over the law rages on.

Norfolk Southern Reopens New Orleans Intermodal

October 3, 2005 Railfanning.org News Wire

NORFOLK, Va. – Norfolk Southern Corp. on Oct. 3 reopened its intermodal terminal in New Orleans. The facility had been closed since Hurricane Katrina struck the Gulf Coast Aug. 29. The terminal is now accepting inbound and outbound shipments at the gate. The yard is located at 2900 Florida Ave. in New Orleans. Due to local curfews, the terminal will operate from 8 a.m. to 4 p.m. “The restoration of intermodal service will assist with the transportation of reconstruction and relief materials to the Gulf Coast region,” said Bob Huffman, vice president intermodal operations. “We are working closely with our

Hurricane Katrina Causes Rail Disruptions in La., Miss.

September 1, 2005 The Cross-Tie

Due to Hurricane Katrina and severe damage across the Southeast, Amtrak had little choice but to implement a revised service plan for three trains that pass through New Orleans.

Motiva Enterprises and Norfolk Southern Build Largest Rail-Served Ethanol Terminal in New York Harbor

February 2, 2005 Railfanning.org News Wire

NORFOLK, Va. — Motiva Enterprises LLC and Norfolk Southern Corporation on Feb. 2 announced the opening of a new high-capacity ethanol terminal located at Motiva’s petroleum distribution terminal in Sewaren, N.J. It is the largest rail-served ethanol terminal in the New York Harbor area. The terminal is strategically located to serve the New York and Connecticut markets for ethanol. The facility, which replaces Motiva’s 23-car-per-day terminal, is capable of unloading 40 railcars per day. The expansion more than doubled the terminal’s capacity from 1 million gallons per day to more than 2 million. Ethanol is increasingly being used as a

Norfolk Southern Reports Record Income For Fourth Quarter and 2004

February 1, 2005 Railfanning.org News Wire

Norfolk Southern Corporation has reported record fourth-quarter net income of $264 million or $0.65 per diluted share, compared with $52 million or $0.13 per diluted share for fourth-quarter 2003. Fourth-quarter 2003 was affected by costs related to a voluntary separation program and an asset impairment charge that together reduced the quarter’s net income by $119 million or $0.30 per share. Excluding the effects of those items, fourth-quarter 2003 net income would have been $171 million or $0.43 per diluted share.