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Norfolk Southern reports second-quarter 2011 results

(Source: Norfolk Southern press release, July 26, 2011) NORFOLK, Va. — Norfolk Southern Corporation today reported record second-quarter net income of $557 million, 42 percent higher compared with $392 million during the same quarter of 2010. Diluted earnings per...

Norfolk Southern increases dividend 7.5 percent

(Source: Norfolk Southern press release, July 26, 2011) 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 7.5 percent, or 3 cents per share, from 40...

Norfolk Southern completes major Pa. upgrades in eight days

(Source: Norfolk Southern press release, July 20, 2011) NORFOLK, Va. — During eight days earlier this month, Norfolk Southern completed $16.2 million in track, bridge, and signal improvements in southwestern Pennsylvania’s Monongahela Valley. The rail infrastructure...

NS derailment in Ohio blamed on broken rail

(Source: The Tiffin Advertiser-Tribune, July 8, 2011) ARCADIA, Ohio — A Norfolk Southern derailment in rural Ohio has been blamed on a broken rail. The February 6, 2011, derailment of 33 NS cars was caused by head and web separation, according to the Federal Railroad...

Lawsuit claims NS fires employees to cover up accidents

(Source: Beaver County Times, July 6, 2011) BEAVER, Pa. — New details are emerging in a lawsuit filed against Norfolk Southern, which accuses the railroad of an ongoing pattern of covering up work-related injuries by falsely accusing employees of lying and then firing...

Land in Alabama near new NS rail hub may soon be snapped up

(Source: Birmingham News, July 3, 2011) BIRMINGHAM, Ala. — The Birmingham News is reporting that large tracts of land in McCalla, Ala., near Norfolk Southern’s new intermodal hub, may soon be snapped up by developers. NS held a groundbreaking ceremony for the...

Norfolk Southern to plant trees in Mississippi Delta

(Norfolk Southern issued the following press release on JUne 20, 2011.) YAZOO CITY, Miss. — Underscoring its leadership in “conservation capitalism” — the growing understanding that environmental progress and American business are closely linked — Norfolk...