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Norfolk Southern increases stock repurchase program

(Norfolk Southern circulated the following on July 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation today announced that its board of directors has authorized the repurchase of up to an additional 50 million shares of its common stock through Dec. 31, 2014. In...

NS CEO expects shipping growth in 2010 2nd half

(The Associated Press circulated the following on July 27, 2010.) NEW YORK — Railroad Norfolk Southern Corp. said Tuesday it expects shipping volume growth to remain on pace throughout the year. Shipments of vehicles and parts are up significantly from brutal levels a...

Norfolk Southern reports second-quarter 2010 results

(Norfolk Southern issued the following on July 27, 2010.) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter 2010 net income of $392 million, an increase of 59 percent, compared with $247 million for second-quarter 2009. Diluted earnings per...

Major trail, rail corridors get boost Norfolk Southern

(Norfolk Southern issued the following on July 23, 2010.) NORFOLK, Va. — Employees of Norfolk Southern Corporation (NYSE: NSC) are teaming up with the Appalachian Trail Conservancy and local trail-maintaining clubs in a one-day “Spruce-It-Up” campaign to...

NS intermodal yard upgrade gets under way in Toledo

(Norfolk Southern and the Ohio Rail Development Commission issued the following on July 21, 2010.) COLUMBUS, Ohio — Toledo’s role as a freight distribution point for the Midwest soon will be strengthened. An almost $12.3-million dollar project to expand capacity and...

Norfolk Southern almost ready to break ground in Memphis

(The following story by Eric Smith appeared on The Daily News website on July 21, 2010.) MEMPHIS, Tenn. — Norfolk Southern Corp. is about to clear the final hurdle needed to begin work on its Rossville intermodal terminal, where cargo containers will be transferred...

What’s at stake in North Charleston rail debate

(The following story by Daniel Brock appeared on the Charleston Regional Business Journal website on July 19, 2010.) CHARLESTON, S.C. — On a warm evening in early July, North Charleston Mayor Keith Summey grabbed a microphone and laid out a plan to save his city....