Norfolk Southern sees strong volume in 2011

Asserting that 2010 was “a very strong year,” Norfolk Southern CEO Wick Moorman told shareholders in their annual report that the company is prepared for “the volumes we expect throughout 2011 and beyond, in what I believe will continue to be a growing market for our transportation products.” 

He said the company last year “profitably grew the business, invested in the franchise, generated free cash flow, and produced attractive returns for our shareholders.”

Commending Norfolk Southern employees for achieving a record safety performance in 2010, he said, “We are committed to applying the same world-class standard to our customer service.”

Volume expectations for 2011 and beyond “are supported by our investments in corridor initiatives that are giving us increased rail capacity to handle growth while reaping safety and environmental benefits for the public,” Moorman said. “We will continue to do the right things to serve our customers and communities and to reward our shareholders for the trust you have placed in us.”