[NSInvest] Norfolk Southern announces service changes in response to upcoming Positive Train Control deadline

Wed Oct 21 20:10:30 EDT 2015

Wow. Am I understanding this correctly that VRE, MARC, and Amtrak won't run
on NS starting January 1st due to the PTC issue? 

I guess there will be a lot of new vanpools and carpools forming to go into
DC from the Manassas, VA direction starting January 1st?    They think I-66
is jammed up now, just wait. 

Phil Miller

From: NW-Mailing-List [mailto:nw-mailing-list-bounces at nwhs.org] On Behalf Of
NW Mailing List
Sent: Tuesday, October 20, 2015 4:35 PM
To: NW Mailing List
Subject: FW: [NSInvest] Norfolk Southern announces service changes in
response to upcoming Positive Train Control deadline

From: NSInvest [mailto:nsinvest-bounces at nscorp.com] On Behalf Of NS
Financial News
Sent: Tuesday, October 20, 2015 4:28 PM
To: 'nsinvest at nscorp.com'
Subject: [NSInvest] Norfolk Southern announces service changes in response
to upcoming Positive Train Control deadline

Norfolk Southern announces service changes in response to upcoming Positive
Train Control deadline

NORFOLK, Va., Oct. 20, 2015 - Norfolk Southern Corporation (NYSE: NSC) today
said its rail operating subsidiaries will no longer accept shipments of
Poisonous-Inhalation-Hazard commodities, effective Dec. 1, 2015.  PIH
commodities in transit on Dec. 1 will be delivered to destination by Dec.
31. Additionally, passenger and commuter trains operated by Amtrak, Virginia
Railway Express, and Metra will be prohibited by law from operating on NS
after Dec. 31. 

The cessation of service - effective across the entire NS rail network - is
required to comply with federal safety laws that become effective after Dec.
31, the government's deadline for installation of PTC. Despite investment of
nearly $1 billion to date, NS will not meet the deadline.

The status of non-PIH traffic interchanged with other railroads and freight
operations on the Northeast Corridor after Dec. 31 is currently under
review.

"We remain hopeful that Congress will grant the railroad industry an
extension of the PTC deadline and appreciate the consideration elected
officials and regulators are giving this issue," said James A. Squires,
Norfolk Southern chairman, president and CEO. "However, in order to conduct
lawful operations on Jan. 1, 2016, and beyond, we must plan ahead to clear
affected loaded and empty freight cars from our system. 

"Norfolk Southern sincerely regrets the inconvenience that customers,
passengers, and commuters will experience," Squires said. "Our strong hope
is that Congress will act quickly and decisively to allow us to restore full
access to our rail network."

Squires noted that NS is installing PTC on the required lines and equipment
as fast as is safe and practical. "PTC is one of the most complex technology
implementations in our history," he said. "It is in everyone's interest -
railroads, customers, suppliers, and communities - that adequate time is
devoted to installation, testing, and implementation. Norfolk Southern is
committed to getting this right."

About Norfolk Southern

 <http://phx.corporate-ir.net/phoenix.zhtml?c=69040&p=tearsheet> Norfolk
Southern Corporation (NYSE: NSC) is one of the nation's premier
transportation companies. Its Norfolk Southern Railway Company subsidiary
operates approximately 20,000
<http://www.nscorp.com/content/nscorp/en/system-overview.html> 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.

Media Inquiries:

Frank Brown <mailto:fsbrown at nscorp.com> , 757-629-2710 (fsbrown at nscorp.com)

Investor Inquiries:

Katie Cook <mailto:investorrelations at nscorp.com> , 757-629-2861
(InvestorRelations at nscorp.com)

 <http://www.norfolksouthern.com> http://www.norfolksouthern.com

###

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