Norfolk Southern – Page 39

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

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 cost-effective octane enhancer for gasoline and as a clean-burning replacement

Norfolk Southern Reports Record Income For Fourth Quarter and 2004

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.

NTSB: Switch Led to Deadly S.C. Collision, Evacuations

At least nine people were killed and thousands evacuated from their homes after two trains collided, which resulted in toxic chlorine gas leaking.

NS: Graniteville Crash to Cost $30M-$40M

Norfolk Southern on Jan. 24 said it expects the first quarter 2005 to reflect expenses in the range of $30 to $40 million (pretax) relating to the Jan. 6 derailment at Graniteville, S.C.

All roads lead to McDonough

The GP40 locomotive let off a distinctive hissing sound – the air breaks had just been released.

Five People Killed by Freight Train

Five people were killed Nov. 10 when their car was struck by a Norfolk Southern freight train, various news outlets reported.

Railroads Offer 2004 ‘Fall Peak’ Plans

Class I Railroads have offered their 2004 “Fall Peak” service plans via a letter sent to Surface Transportation Board (STB) Chairman Roger Nober, the STB announced.

NS and CP: Agreement Will Improve Performance

Canadian Pacific Railway (CPR) and Norfolk Southern Railway (NSR) on June 30 signed a memorandum of understanding for an exchange of trackage rights, freight haulage and yard services that both railroads say will increase operational efficiency and enhance rail service to customers.

Report: Norfolk Southern Saves Millions in Fuel Costs

Norfolk Southern has saved millions in fuel costs by purchasing its fuel in advance, The Virginian-Pilot reported last month.

Norfolk Southern Exhibit Car Visiting 18 Communities

The Norfolk Southern Exhibit Car will travel the company’s rail network from Alabama to Ontario in 2004, making stops in 18 communities where it will be open to the public.