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Norfolk Southern signs deal with renewable diesel fuel companies

(Source: Norfolk Southern press release, February 14, 2012) NORFOLK, Va. — Dynamic Fuels, LLC and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation, one of the nation’s largest transporters of coal and industrial...

Norfolk cargo facility a link in global shipping chain

(Source: Virginian Pilot, February 6, 2012) NORFOLK, Va. — Norfolk Southern owns the rail-dock operation, which can store up to 800 rail cars and has shipped locomotives, transformers and other heavy equipment all over the world, including South America, Australia,...

NS boosts capital spending by 12 percent for 2012

(Source: Progressive Railroading, January 25, 2012) During its fourth-quarter earnings conference call, Norfolk Southern Corp. announced it has budgeted $2.4 billion for capital spending in 2012, up 12 percent compared with 2011’s $2.16 billion budget. Replacement and...

Norfolk Southern increases dividend

(Source: Norfolk Southern press release, January 24, 2012) NORFOLK, Va. — Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 9.3 percent, or 4 cents per share, from...

Norfolk Southern 4Q profit rises 19 percent

(Source: Associated Press, January 24, 2012) NORFOLK, Va. — Higher rates and heavier traffic helped freight railroad operator Norfolk Southern Corp. boost fourth-quarter profit by 19 percent. Revenue was less than analysts expected, and operating costs rose sharply on...