[NSInfo] On its 30th anniversary, Norfolk Southern says thank you

[NW Mailing List]

>  *On its 30^th anniversary, Norfolk Southern says thank you*

>

> NORFOLK, VA. -- Norfolk Southern marks its 30^th anniversary today,

> acknowledging the people and organizations who have made possible the

> company's growth.

>

>  "The Norfolk Southern of 2012 is safer, more customer-focused, and more

> successful by every measure than it ever has been," said CEO Wick

> Moorman. "We are highly competitive, environmentally conscious, and

> constantly seeking new opportunities. The future of our business looks

> very bright.

>

>  For this we thank our employees and their families, customers,

> shareholders, suppliers, and communities. They have made NS what it is

> today, and they will carry us forward," he said.

>

>  Norfolk Southern was created June 1, 1982, with the consolidation of

> Southern Railway and Norfolk and Western Railway

> <http://www.nscorp.com/nscportal/nscorp/Community/NS%20History/>, which

> trace their lineages to the 1820s. The combination proceeded so smoothly

> that it was called "one of the most successful mergers in the

> transportation industry -- perhaps in any industry."

>

> SR and NW had been successful railroads, and the new combination created

> an organization greater than the sum of its parts. The new NS developed a

> diversified traffic base among the energy, manufacturing, and finished

> goods sectors. It became international in its vision, and it built a

> nascent intermodal program into a key business segment.

>

>  On June 1, 1999, NS acquired a large portion of Conrail

> <http://www.nscorp.com/nscportal/nscorp/Community/NS%20History/>,

> increasing market reach and returning rail competition to the Northeast

> for the first time since the 1970s.

>

>  Now NS is the leader in developing public-private partnerships

> <http://www.thefutureneedsus.com/>and corridor strategies to improve the

> nation's freight transportation network, environmental initiatives to

> reduce railroad and freight shipper carbon footprints, best practices to

> improve safety, and technology to enhance service.

>

>  The new NS is a job creator. In the last decade, the railroad helped

> locate and expand 1,053 facilities, representing an investment of $30

> billion by NS customers and generating more than 46,000 jobs by those

> customer companies.

>

>  NS itself hired 4,000 new employees in 2011 and plans to hire 2,800 more

> in 2012 to address attrition and the growing need for freight

> transportation service.

>

>  

>

> More of the NS story is reflected in statistics. In 2011 compared with

> 1982, NS:

>

> ·         reported an injury ratio of 0.75 per 200,000 employee hours

> worked, vs. 9.18

>

> ·         operated 2,060 freight trains a day vs. 1,070

>

> ·         handled 191.7 billion revenue ton miles vs. 92.6 billion

>

> ·         generated $11.2 billion in railway operating revenues vs. $3.36

> billion

>

> ·         owned assets of $28.5 billion vs. $7.8 billion

>

> ·         achieved an operating ratio of 71.2 percent vs. 80.4 percent

>

> ·         employed 4,100 locomotives in customer service vs. 2,900

>

> ·         planned coming-year capital improvements of $2.4 billion vs.

> $180 million

>

>  

>

> "We have achieved a great deal in 30 years, but in many ways we have only

> just begun," Moorman said. "The coming decades will see the economy's

> dependence on railroads grow dramatically, and the Thoroughbred of

> Transportation will set the pace."

>

>  

>

> In recognition of its 30 years, NS is painting 20 locomotives

> <http://www.nscorp.com/nscportal/nscorp/Community/Heritage%20Locomotives/>in

> the schemes of selected predecessors, sponsoring a public "family

> portrait

> <http://www.nscorp.com/nscportal/nscorp/Media/News%20Releases/2012/ns_heritage_july4.html>"

> session of these heritage units July 3-4 in Spencer, N.C., and working

> with museums in three states on community observances.

>

>  

>

> NS officers will ring The Closing Bell® on the New York Stock Exchange

> June 5, and the company is publishing a book, "Eat Steel and Spit

> Rivets," about railroad culture as lived by employees.

>

>  

>

> Norfolk Southern Corporation

> <http://phx.corporate-ir.net/Tearsheet.ashx?c=69040>(NYSE: NSC) is one of

> the nation's premier transportation companies. Its Norfolk Southern

> Railway subsidiary operates approximately 20,000 route miles

> <http://www.nscorp.com/nscportal/nscorp/map.html>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.

>

>  

>

> ###

>

>  

>

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