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Norfolk Southern elects Huffard, Jones directors

Rail News Home Norfolk Southern Railway 2/24/2020 Rail News: Norfolk Southern Railway
image Christopher Jones (left) and John Huffard Jr.Photo – northropgrumman.com and tenable.com

Norfolk Southern Corp.'s board has elected John "Jack" Huffard Jr. and Christopher Jones to serve as directors, the company announced today.

Huffard is cofounder of Tenable Network Security Inc. and Tenable Holdings Inc., a cybersecurity software company. He served as president and chief operating officer and as a director of Tenable Network Security from 2002 to 2018, where he was responsible for driving Tenable’s global corporate strategy and business operations and was instrumental in the venture funding and initial public offering process, NS officials said in a press release.

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Norfolk Southern to close Roanoke Distribution Center

Rail News Home Norfolk Southern Railway 2/19/2020 Rail News: Norfolk Southern Railway
image Norfolk Southern Railway yesterday announced it will close its Roanoke Distribution Center in Virginia and transfer the work associated with its Roanoke Locomotive Shop to Altoona, Pennsylvania.The shop's mechanical employees will have the opportunity to transfer to the Juniata Locomotive Shop in Altoona and will be eligible for relocation benefits, NS officials said in an emailed statement.NS rail operations and more than 650 employees will remain in the Roanoke Valley.The decision to close the facility follows a 48 percent decline in coal tons shipped since 2008. In addition, NS has experienced a 22 percent reduction in its locomotive fleet since late 2018, reducing the volume of locomotive maintenance and repair work required to operate safely, NS officials said."This difficult but necessary decision reflects the importance of ensuring the company maintains the right mix of people and facilities, in the right locations, to deliver exceptional customer service," they said.

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NS assisted 77 rail-served industrial projects in 2019

Rail News Home Norfolk Southern Railway 1/30/2020 Rail News: Norfolk Southern Railway
image Norfolk Southern Railway worked with 77 businesses that opened new or expanded facilities on its rail lines in 2019, the Class I announced today.NS customers across 16 states invested nearly $2 billion to develop 54 new and 23 expanded rail-served commercial projects, company officials said in a press release.The investment is expected to generate more than 62,300 carloads of new rail traffic annually for NS, they said."Industrial development activity in 2019 reflected modest, but steady, growth across our service area," said Chris Ingraham, assistant vice president of industrial development. "We saw a balanced mix of projects across our business markets, including chemicals, agriculture, metals and construction, and forest and consumer products. Going into 2020, we're encouraged as project activity remains steady and productive."Among the largest development projects last year were a fertilizer facility in Aurora, North Carolina; a butane export plant in Chesapeake, Virginia; a tissue manufacturing plant in Macon, Georgia; an asphalt facility in Chickasaw, Alabama; and an auto frame warehouse in Maumee, Ohio. NS works with customers and state and local economic development leaders to identify suitable rail-served sites and develop infrastructure that connects industrial development projects to its rail network. The Class I's industrial development department provides free and free and confidential facility-location services, including industrial park planning, site layout, track design and supply-chain analysis. Over the past 10 years, NS has participated in locating or expanding 974 industrial facilities that represent private investment of nearly $62 billion, company officials said.

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NS posts Q4 profit, revenue decline on lower volume

Norfolk Southern Corp. reported today fourth-quarter 2019 net income decreased 5 percent to $666 million, or $2.55 per diluted share, compared with net income of $702 million, or $2.57 per share, a year earlier.

The Class I's railway operating revenue declined 7 percent to $2.7 billion in the quarter, driven by a 9 percent decrease in total volume, NS officials said in a press release.

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Norfolk Southern mainline to serve Little Canoe Creek Mega-Site

Rail News Home Norfolk Southern Railway 1/22/2020 Rail News: Norfolk Southern Railway
image A Norfolk Southern Corp. donation will help fund a $2.7 million site-improvement project for the Little Canoe Creek Mega-Site in Etowah County, Alabama.The project will include grading a portion of the 1,100-acre property to create a pad-ready rail-served site large enough to accommodate a large industry, Etowah County officials said yesterday in a press release.Natural gas lines will be relocated near the end of the property, and a new railroad crossing will be added to the industrial access road off of U.S. Highway 11. The  improvements will enhance the site's marketability by reducing a company's construction timeline, said Marilyn Lott, Etowah County's economic development director.NS has designated Little Canoe Creek Mega-Site as a Norfolk Southern Prime Site after being reviewed for rail access and certified by the Economic Development Partnership of Alabama, said Chris Ingraham, assistant vice president of industrial development at NS.“Norfolk Southern is pleased to partner with Etowah County and the state of Alabama to develop a rail-served industrial site that will generate mutual benefits for all parties involved, including increased opportunity for new jobs and private investment across the region,” he said in the press release.The project will be funded through the state's Growing Alabama Credit program and the NS donation.

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