Norfolk Southern

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Norfolk Southern

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

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Norfolk Southern

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.