Wick Moorman: “Listen, innovate, and improve”

“21st century freight railroads are listening to our customers and communities, innovating to meet their needs, and steadily improving our ability to serve as the backbone of the next industrial revolution,” Norfolk Southern Chairman and CEO Wick Moorman told attendees at the Forbes “Reinventing America—Leading the Next Industrial Revolution” Summit in Chicago.

Norfolk Southern unveils GoRail locomotive

GoRail and Norfolk Southern on March 12, 2014 unveiled a specially painted locomotive commemorating the 10th anniversary of GoRail, the non-profit grassroots organization dedicated to educating the public about the benefits of moving more freight by rail.

SPECIAL REPORT: Keeping Railroads Healthy

Railroads are operating at peak safety, profitabilty, and productivity levels. Let’s keep them that way.

Moorman to USCOC: “Freight rail vital to economic prosperity”

Speaking on Feb. 20, 2014 in Washington, D.C., to a U.S. Chamber of Commerce meeting on infrastructure, Norfolk Southern CEO Wick Moorman said freight railroads are “essential to driving America’s continued economic recovery.”

NS CBR train derails in Pennsylvania

A Norfolk Southern crude-by-rail (CBR) train derailed in Pennsylvania Thursday, Feb. 13, 2014, resulting in oil leakage from three tank cars. No injuries were reported.

NS stormwater project benefits riverside communities

Communities around Norfolk, Va., and the Elizabeth River, a tributary of the ecologically important Chesapeake Bay, have benefitted from Norfolk Southern’s innovative stormwater management system at the railroad’s Lamberts Point coal transload facility.

NS opens transfer terminal in Chesapeake

Norfolk Southern has opened a new Thoroughbred Bulk Transfer (TBT) terminal in Chesapeake, Va., to serve shippers of dry and liquid bulk commodities.

Record 4Q earnings for Norfolk Southern

Norfolk Southern Corp. Wednesday, Jan. 22, 2014 reported record fourth-quarter net income of $513 million, or $1.64 per diluted share, up 24% from $413 million, or $1.30 per diluted share, earned in the fourth quarter of 2012. Revenue of $2.9 billion in the quarter was up 7% from a year ago.

NS: $2.3 billion in industrial investment in 2013

Norfolk Southern, through participation in the location of 67 new industries and expansion of 25 existing industries along its rail lines in 2013, spurred customer investments of $2.3 billion, creation of 3,100 potential new jobs, and eventual generation of more than 136,000 annual carloads of new rail traffic.

2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers

2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications are that 2014 could be even better—from a shareholder’s standpoint, “a profile of continued steady earnings growth, stock repurchases, and increasing dividends,” in the words of Jason Seidl, Railway Age’s Wall Street contributing editor.
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