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Norfolk Southern announces 2013 capital improvements

(Source: Norfolk Southern press release, January 28, 2013) NORFOLK, Va. — Norfolk Southern Corporation plans to spend $2 billion in 2013 for capital improvements to its rail transportation network. The largest expenditure will be $831 million for roadway improvements,...

Rail giants CSX and Norfolk Southern both beat expectations

(Source: Business Insider, January 22, 2013) NEW YORK — Rail giant CSX announced Q4 earnings of $0.43 per share, which is higher than the $0.39 per share expected. Norfolk Southern also announced earnings better than expected. Earnings came in at $1.30 per share....

Norfolk Southern opens $97 million rail-truck facility in Pa.

(Source: Herald-Mail, January 23, 2013) GREENCASTLE, Pa. — Norfolk Southern opened its $97 million rail-truck facility Monday. The new facility on 200 acres near Exit 3 of Interstate 81 is part of the railroad’s Crescent Corridor, a 2,500-mile network of rail and...

Norfolk Southern declares quarterly dividend

(Source: Norfolk Southern press release, January 22, 2013) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 50 cents per share on its common stock, payable on March 11, to stockholders of record on Feb. 1. Since its...