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Norfolk Southern terminates project on former Chattahoochee Brick Company site
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NORFOLK, Va., Feb. 18, 2021 /PRNewswire/ Norfolk Southern Corporation (NYSE: NSC) today announced it has terminated plans to build a rail transfer facility on the site of the former Chattahoochee Brick Company in Atlanta. We accepted from the beginning that we had a special responsibility to develop this site in a socially and environmentally responsible way, given the atrocities that once took place there, said James A. Squires, chairman, president and CEO. We believe our project presented an opportunity to create a long-overdue memorial to the painful legacy of the site, and at the same time reshape its future by building new river trails and putting the long-abandoned land back into productive use in a way that benefits the regional economy.
Norfolk Southern to present at Citi s 2021 Global Industrials Virtual Conference
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NORFOLK, Va., Feb. 9, 2021 /PRNewswire/ Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R. George and Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at:
Citi 2021 Global Industrials Virtual Conference
Tuesday, Feb. 16, 1:50 p.m. EST
Virtual Conference
About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation s premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,300 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 is a major transporter of industrial products, including agriculture, forest and consumer products, chemic
Norfolk Southern supports customer growth and local economies in 2020
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NORFOLK, Va., Jan. 29, 2021 /PRNewswire/ Norfolk Southern (NYSE:NSC) announced today that in 2020 the company assisted 86 businesses in locating new or expanded facilities on its freight rail network. The industries ranged from a medical products supplier and roofing shingle manufacturer to automakers and paper packaging producers.
Across 18 states, Norfolk Southern customers invested $1.8 billion to open 70 new and 16 expanded rail-served facilities. The industrial development is expected to create more than 2,960 customer jobs and generate over 54,300 carloads of new rail volume annually for Norfolk Southern.
Norfolk Southern increases quarterly dividend by 5 cents and increases target dividend payout ratio
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NORFOLK, Va., Jan. 27, 2021 /PRNewswire/ Norfolk Southern Corporation (NYSE: NSC) today announced that its board of directors approved a 5% increase in its quarterly dividend on the company s common stock, from 94 to 99 cents per share. The company also announced an increase to its long-term target dividend payout ratio from 33% to a range of 35-40% of net income. Strong operational results achieved through our precision scheduled railroading transformation have underpinned robust cash flow generation, said James A. Squires, Norfolk Southern chairman, president and CEO. Today s announcements highlight our confidence in long-term value creation and commitment to superior shareholder returns.