
Norfolk Southern Announces Planned 2006 Capital Spending
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