Norfolk Southern Plans $2 Billion Investment In Support Of Freight Rail Service, Safety, And Sustainability

   Norfolk Southern Plans $2 Billion Investment In Support Of Freight Rail
                     Service, Safety, And Sustainability

PR Newswire

NORFOLK, Va., Jan. 28, 2013

NORFOLK, Va., Jan. 28, 2013 /PRNewswire/ --Norfolk Southern Corporation
(NYSE: NSC)plans to spend $2 billion in 2013 for capital improvements to its
rail transportation network.

"Our capital plan will maintain the safety and quality of our existing
franchise, improve service quality and performance, achieve operational
efficiencies and productivity improvements, and support business growth," said
Norfolk Southern CEO Wick Moorman. "We continue to invest in the
infrastructure, equipment, and technology necessary to provide the best
possible service to our customers."

The largest expenditure will be $831 million for roadway improvements,
including the maintenance and replacement of rail, crossties, ballast, and
bridges to ensure the continued safe and reliable operation of the railroad.

Equipment spending includes $420 million to acquire new locomotives and
rebuild and upgrade existing units; re-body coal cars; buy multilevel freight
cars to handle increased automotive traffic; and purchase intermodal
containers and chassis.

NS has budgeted $229 million, about 11 percent of the 2013 budget, for the
continued implementation of positive train control.

Investments in facilities and terminals are anticipated to be $203 million and
include the continuation of a multi-year project to expand Bellevue rail yard
in Northern Ohio; construction of a new intermodal terminal in Charlotte,
N.C., as part of Norfolk Southern's Crescent Corridor initiative; completion
of a new locomotive service facility in Conway, Pa.; and new and expanded bulk
transfer facilities.

Norfolk Southern also expects to spend $84 million in infrastructure
improvements to increase main line capacity, accommodate traffic growth, and
provide NS' match for innovative public-private partnership investments such
as CREATE in Chicago and the Crescent Corridor, which will improve the
nation's transportation infrastructure, reduce fuel consumption and air
pollution, and relieve highway congestion by moving freight off highways onto
rail.

Technology investments of $57 million are planned for new and upgraded systems
and computers to enhance safety and improve operating efficiency and equipment
utilization.

Norfolk Southern Corporation is one of the nation's premier transportation
companies. Its Norfolk Southern Railway Company subsidiary operates
approximately 20,000 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, automotive, and industrial products.

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SOURCE Norfolk Southern Corporation

Website: http://www.nscorp.com
Contact: Media: Frank Brown, +1-757-629-2710, fsbrown@nscorp.com; Investors:
Michael Hostutler, +1-757-629-2861, michael.hostutler@nscorp.com
 
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