(Source: Progressive Railroading, January 25, 2012)
During its fourth-quarter earnings conference call, Norfolk Southern Corp. announced it has budgeted $2.4 billion for capital spending in 2012, up 12 percent compared with 2011’s $2.16 billion budget. Replacement and core spending will total about $1.6 billion, or 67 percent of the total budget, said Executive Vice President and Chief Information Officer Deborah Butler.
Full story: Progressive Railroading