Railroad and Train News

Norfolk Southern reports positive earnings in 2009 annual reports for stock holders. Wick Moorman (CEO of Norfolk Southern) says that NS “withstood the economic shocks of 2009 to produce good economic results, and I go into 2010 with a sense of optimism for our future prospects.”

Going in to 2010, Norfolk Southern says they have a better understanding of their economic goals, and can act accordingly. They believe the company’s progress in safety and service, disciplined cost control, and investments in key projects, with aggressive pursuit of new business opportunities are important keys in continued growth.

Moorman says that Norfolk Southern has “made significant gains in each of these areas, and these same strategies will drive our continuing success in 2010 and beyond. While the short-term economic outlook remains somewhat uncertain, the longer-term prospects for Norfolk Southern and the railroad industry remain very bright.”

Norfolk Southern appears to be going into 2010 with positive momentum. Their traffic levels increased in both the third and fourth quarters of 2009 due to cost efficiency, and they are positive they can continue this trend into 2010.

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