
Norfolk Southern Announces Planned 2007 Capital Spending
NORFOLK, Va. – Norfolk Southern Corp. plans to spend $1.34 billion in 2007 for capital improvements to its railroad operations and subsidiaries, the company announced. “Our capital budget reflects our commitment to maintain a safe and vibrant rail system to meet the continuing strong demand we anticipate in 2007 and beyond,” said Chief Executive Officer Wick Moorman. “We will continue to invest in the infrastructure, equipment and technology necessary to provide the best possible service to our customers.” The anticipated spending includes $884 million for roadway projects, $401 million for equipment and $55 million for small projects and real estate.