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The investment is on a par with the railway’s total capital investment in 2016.
This year, the US class I railroad Norfolk Southern (NS) plans to invest USD 1.9 billion to maintain the safety of its rail network, enhance service, improve operational efficiency, and support growth opportunities. The investment is on a par with the railway’s total capital investment in 2016.
Railway operating revenues in 2016 were USD 9.9 billion, 6% less than in 2015. The decrease was due to a 3% volume decline – a knock-on effect from reductions in energy-related markets - and the restructuring of its subsidiary Triple Crown, as well as lower fuel surcharges. Read more
Source: ITJ
