Listen, innovate, and improve for the next Industrial Revolution, Norfolk
Southern's Moorman says at Forbes Summit
CHICAGO, March 27, 2014
CHICAGO, March 27, 2014 /PRNewswire/ --"21st century freight railroads are
listening to our customers and communities, innovating to meet their needs,
and steadily improving our ability to serve as the backbone of the next
Industrial Revolution," Norfolk Southern Corporation's chairman and CEO told
attendees at the Forbes' "Reinventing America – Leading the Next Industrial
Revolution" Summit here.
"Today's freight railroads are safe, dependable, efficient, and green," Wick
Moorman said. "We move the raw materials, intermediate products, and finished
goods that move the economy. The good news is that we have the capability and
desire to do much more."
Addressing a discussion theme that posited, "Once left for dead as a relic of
the 19^th century, railroads are emerging as the most important logistics
system of the 21^st century," Moorman described several Norfolk Southern
initiatives contributing to what often is called the "rail renaissance."
On the technology side these include Movement Planner and the Unified Train
Control dispatching systems developed in collaboration with GE, and the LEADER
system for locomotive fuel efficiency. In the marketing arena, Moorman
highlighted NS' expanding services to the crude oil industry, and the export
automotive trade, where the railroad handles a large percentage of vehicles
destined for global markets. "When you see a Norfolk Southern train, that's
our economy in motion," he said.
"The earliest predecessors of Norfolk Southern were born at the end of the
first Industrial Revolution, and railroads came into their own during the
second Industrial Revolution," Moorman said. "We build our infrastructure and
systems for the long-term – investing $10 billion since 2010 alone. We plan to
be around another 180 years, and you can count on us to do our part to usher
in a new age of growth."
Norfolk Southern Corporation (NYSE: NSC) 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.
Connect with NS
SOURCE Norfolk Southern Corporation
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