Norfolk Southern: A Decade of Growth - And a Vision for Tomorrow

* Reuters is not responsible for the content in this press release.

Mon Jun 1, 2009 5:09pm EDT

NORFOLK, Va., June 1 /PRNewswire-FirstCall/ -- On the 10th anniversary of
Norfolk Southern Corporation's acquisition of nearly 60 percent of Conrail,
CEO Wick Moorman today thanked customers, suppliers, stockholders,
communities, and employees for their hard work and support.

"On Day One -- June 1, 1999 -- we set out to build the best freight
transportation system in the world," Moorman said.  "We have made steady
progress toward that goal, and together we have enjoyed a decade of growth and
financial success.  All of us at Norfolk Southern are grateful to everyone who
has played a part in this success, and we look forward to what the next decade
brings."     

Since Day One, when Norfolk Southern added 7,200 miles of Conrail routes and
10,000 former Conrail employees to its system, the railroad has moved 3.5
trillion gross ton-miles of freight. A single train of every carload NS hauled
in the last decade could stretch to the moon and back twice -- and then some. 

In order to meet increased demand and better serve customers, NS over that
period has invested nearly $10 billion in capital expenditures to improve
track, equipment, facilities, and technology.  In new rail alone, NS installed
the equivalent of a brand new transcontinental railroad.

NS' industrial development activities since Day One resulted in the location
or expansion of 1,115 industries along the railroad's lines, representing
customer investments of $23.6 billion and creating nearly 55,000 customer jobs
in the territory served by the railroad. 

The Conrail transaction returned competitive rail service to the Northeast for
the first time in 20 years. NS sharpened its focus on customer service
markedly following the transaction -- especially through its Thoroughbred
Operating Plan -- and today is the industry's service benchmark.   

Most important, it all has been done safely. NS employees have earned the E.H.
Harriman Memorial Gold Medal as the safest railroad workers in the U.S. for
each of the last 20 years. 

"The numbers tell an impressive story, but as satisfying as it is to see how
far we've come, it's more exciting to look ahead," Moorman said.  "Our
progress has given us the strength to weather the current economic storm. 
This recession will pass, and the long-term future for rail as the safe,
clean, and fuel-efficient transportation alternative has never been brighter. 
NS is ready to take advantage of the opportunities that a recovering economy
will bring. Ten years from now, along with our partners, we will look back
again with amazement at how far we've come together." 

Norfolk Southern Corporation (NYSE: NSC) is a leading North American
transportation provider.  Its Norfolk Southern Railway subsidiary operates
approximately 21,000 route miles in 22 states and the District of Columbia,
serves every major container port in the eastern United States, and provides
efficient connections to other rail carriers.  Norfolk Southern operates the
most extensive intermodal network in the East and is a major transporter of
coal and industrial products.   

SOURCE  Norfolk Southern Corporation

Media, Frank Brown, +1-757-629-2710, fsbrown@nscorp.com, or Investors, Leanne
Marilley, +1-757-629-2861, leanne.marilley@nscorp.com, both of Norfolk
Southern Corporation
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.