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Railroad running well after best-ever year in 2011, Norfolk Southern CEO says in annual report

Norfolk, VA - Mar 21, 2012

 

After setting performance records in 2011, Norfolk Southern Corporation (NYSE: NSC) looks ahead to its 30th anniversary in 2012 and beyond “with confidence, optimism, and a great deal of enthusiasm,” CEO Wick Moorman tells stockholders in the 2011 annual report, posted today on the company’s website.

“The railroad is running well, we have a strong capital budget, and the right projects are under way to enhance our business franchises,” Moorman says. Improving markets and corporate initiatives combined to make 2011 the company’s “best-ever year,” he notes, with record revenues, operating income, net income, and earnings per share.

“Perhaps most importantly, everything that was achieved in 2011 was achieved safely.” Employees posted their lowest-ever injury ratio. “That kind of accomplishment happens only through personal commitment and a culture that puts safety first, and I could not be prouder of our people,” Moorman says in his letter to stockholders.

“We have come an incredible distance” since the modern Norfolk Southern was founded 30 years ago in 1982, “and yet we have not strayed an inch from our core beliefs,” Moorman says. “You can be sure that we will continue to do the right things for our customers, our communities, our investors, and our employees.”

Some 175,000 copies of the annual report are distributed to stockholders, the financial community, news media, and libraries. To request a copy, call 800-531-6757, email annualreport@nscorp.com, or write to Norfolk Southern Corp., Corporate Communications Department, Three Commercial Place, Norfolk, Va. 23510-9217.

Norfolk Southern Corporation is one of the nation’s premier transportation companies. Its Norfolk Southern Railway 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 and industrial products.

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Norfolk Southern contacts:

(Media) Rick Harris, 757-629-2718 (rick.harris@nscorp.com)
(Investors) Michael Hostutler, 757-629-2861 (michael.hostutler@nscorp.com)