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Norfolk Southern sees demand ‘bottom’ this quarter

(The Associated Press circulated the following on April 22, 2009.) NEW YORK — Railroad Norfolk Southern says it expects shipping demand, which has plunged as the recession has worsened, to approach its worst level this quarter and possibly start to improve as early as...

Norfolk Southern CEO: No near-term boost for US export coal

(Reuters circulated the following on April 22, 2009.) CHICAGO — U.S. export coal volumes are unlikely to pick up in the near future because of continued low steel output in Europe, which uses metallurgical coal, the top executive of No. 4 U.S. railroad Norfolk...

Norfolk Southern declares quarterly dividend

(Norfolk Southern issued the following on April 21, 2009.) NORFOLK, Va. – Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 34 cents per share on its common stock, payable on June 10, to stockholders of record on May 1. Since...

NS reports first-quarter 2009 results

(Norfolk Southern issued the following on April 21, 2009.) NORFOLK, Va. — For the first quarter of 2009, Norfolk Southern Corporation (NYSE: NSC) reported net income of $177 million, or $0.47 per diluted share, compared with $291 million, or $0.76 per diluted share,...

Norfolk Southern cites falling volume for profit plunge

(The following story by Robert McCabe appeared on The Virginian-Pilot website on April 22, 2009.) NORFOLK, Va. — With its freight volume off 20 percent because of the recession, Norfolk Southern Corp. reported Tuesday that its profit for the first quarter of 2009...

Norfolk Southern 1Q profit falls 39 percent

(The Associated Press circulated the following story by Samantha Bomkamp on April 21, 2009.) NEW YORK — Norfolk Southern Corp., the largest rail carrier of metals and automotive products in North America, said Tuesday its first-quarter earnings tumbled 39 percent as...

Engineer tells students train tracks deadly

(The following story by Matthew Schomer appeared on the Salem News website on April 16, 2009.) LEETONIA, Ohio — Trespassing on railroad tracks isn’t just illegal, it’s dangerous. That was the message sent Wednesday to Leetonia junior high and high school...

Couple sues railroad over ruined fishing cabin

(The following story by Justin Anderson appeared on the West Virginia Record website on April 15, 2009.) CHARLESTON, W.Va. — A couple says an improperly maintained railroad ruined their Fayette County fishing cabin with water damage. Kathy Bragg and Carness Bragg...