Three Class I railroads—Union Pacific, Norfolk Southern and CSX—and Berkshire Hathaway, parent company of BNSF Railway, have been named by Fortune magazine as among the world’s “Most Admired Companies” in 2011. UP,
Norfolk Southern said Thursday it is honoring its predecessor railroads during 2012, its 30th anniversary year, by painting 18 new locomotives in commemorative schemes that reflect the heritage of those predecessors.
Norfolk Southern Corp. has named Donald D. Graab vice president mechanical, headquartered in Atlanta, effective March 1. Graab succeeds Tim A. Heilig, who retires after 41 years with Norfolk Southern.
Norfolk Southern says it cannot support a current plan for commuter rail service linking Charlotte and Mt. Mourne, N.C., calling the idea “fatally flawed.”
Norfolk Southern said Tuesday that two fuel suppliers, Dynamic Fuels, LLC and Mansfield Oil Co., have signed an agreement to supply renewable diesel to the Class I railroad.
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net income was $1.9 billion, up 28%; and diluted earnings per share increased 36% to $5.45.
Growing freight traffic potential, spurred on by energy production activity in the Marcellus Shale formation in western New York State and Pennsylvania, is encouraging Norfolk Southern to replace a historic bridge on NS’s Southern Tier route linking Buffalo and Binghamton, N.Y., and spanning the Genesee River in Letchworth State Park, near Castile, N.Y.
In the coming decades, America faces an infrastructure crisis. Freight volume in the U.S. is projected to grow by 70% by 2020. We are already seeing the first inklings of the crisis.
Virginia’s plans to expand Amtrak passenger rail service to Norfolk, Va., will be pursued without sacrificing Amtrak’s current route through the state’s Tidewater region, which terminates at Newport News, on the north side of the James River.
In his own words, Norfolk Southern CEO Wick Moorman, Railway Age’s 2011 Railroader of the Year, was a kid who loved trains.
