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Norfolk Southern reports third-quarter 2009 results

(Norfolk Southern issued the following on October 27, 2009.) NORFOLK, Va. — For the third quarter of 2009, Norfolk Southern Corporation (NYSE: NSC) reported net income of $303 million, or $0.81 per diluted share, compared with $520 million, or $1.37 per diluted share,...

STB: NS is only “revenue adequate” Class I

(The following story by Leo King appeared on the Jacksonville Business Examiner website on October 26, 2009.) JACKSONVILLE, Fla. — Only Norfolk Southern is “revenue adequate,” the Surface Transportation Board reported today. In a press release the STB stated,...

NS updates online carbon footprint analyzer

(Norfolk Southern issued the following on October 22, 2009.) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) has enhanced its online carbon footprint analyzer, enabling rail customers to estimate the value of carbon offsets in addition to calculating the...

Norfolk Southern rules out Bibb County site for rail hub

(The following story by Michael Tomberlin appeared on The Birmingham News website on October 23, 2009.) BIRMINGHAM, Ala. — Norfolk Southern says it moving forward with its plans for a $112 million railroad hub in McCalla after evaluating another location advanced by...

Norfolk Southern wants dialogue with McCalla residents

(The following appeared on the Birmingham News website on October 20, 2009.) BIRMINGHAM, Ala. — Norfolk Southern wants leaders in McCalla to form a community outreach group in hopes of having a dialogue with residents and working with the railroad company on projects...

Norfolk Southern keeps lid on hiring

(Reuters circulated the following story by Chelsea Emery on October 19, 2009.) CARY, N.C. — Norfolk Southern Corp (NSC.N) has put a lid on hiring, the head of the No. 4 U.S. railroad said on Thursday. “We are effectively doing no hiring to speak of,” said...

US CEOs worried over sinking dollar

(Reuters circulated the following on October 19, 2009.) NEW YORK — Chief executives from the biggest U.S. corporations worry that the slumping dollar could sap U.S. credibility around the globe, spur inflation and ultimately undermine the economy. The dollar has...

States seek $300M to improve rail, cut I-81 trucks

(The Associated Press circulated the following story by Sue Lindsey on October 13, 2009.) ROANOKE, Va. — A coalition of states is seeking $300 million in federal stimulus funds to improve rail lines and terminals in an effort to reduce truck traffic on congested...