(Norfolk Southern issued the following news release on May 13.)
ST. LOUIS — Improved service and operating performance are driving opportunities for business growth and enhanced value at Norfolk Southern Corporation, David Goode, chairman, president and chief executive officer, told the company’s shareholders at their 22nd annual meeting.
“We are seeing a resurgence of Thoroughbred performance at a time when markets are creating growth opportunities for us,” Goode said. The combination “is good for business, it’s good for earnings, and it’s good for shareholders,” he said. “Our strong and improving service gives us an advantage and an increasingly valuable product going forward.”
In official business, stockholders re-elected four directors: Alston D. Correll, chairman, chief executive officer and president of Georgia-Pacific Corporation; Landon Hilliard, a partner in Brown Brothers Harriman & Co., a private bank in New York; Burton M. Joyce, chairman of the board of directors of IPSCO; and Jane Margaret O’Brien, president of St. Mary’s College of Maryland. Stockholders also ratified the appointment of KPMG LLP as auditors.
Norfolk Southern Corporation is one of the nation’s premier transportation companies. Its Norfolk Southern Railway subsidiary operates 21,500 route miles in 22 states, the District of Columbia and Ontario, serving every major container port in the eastern United States and providing superior connections to western rail carriers. NS operates the most extensive intermodal network in the East and is the nation’s largest rail carrier of automotive parts and finished vehicles.