NS budgets $2 billion for asset improvements

North America

Tuesday, January 29, 2013

Norfolk Southern Corp. said Monday it plans to spend $2 billion this year for upkeep and upgrades to its rail transportation network. The largest expenditure, $831 million, will go to maintenance and replacement of tracks, crossties, ballast and bridges to ensure reliable and safe operations, the company said. Another $420 million will go towards the purchase of new locomotives and to rebuild existing units; replace body sections on coal cars; buy multilevel cars to h...

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