Feb. 20, 2014
Freight rail vital to economic
prosperity, Norfolk Southern CEO Moorman tells U.S. Chamber of
Commerce
NORFOLK, VA. –
Norfolk Southern CEO Wick Moorman today said freight railroads are “essential to
driving America’s continued economic recovery.”
Speaking
in Washington to a U.S. Chamber of Commerce meeting on infrastructure, Moorman
said railroad improvements in technology, service, and capacity “provide America
with a key competitive advantage in the marketplace and serve to bolster
economic prosperity.”
Moorman
pointed to resurgence in domestic manufacturing and said, “The freight rail
industry will be there to assist companies as they seek to take advantage of
these favorable trends.”
He
said a balanced regulatory environment is key to the railroads’ ability to
continue earning the capital necessary to invest in new markets. “Railroads are
an essential partner to government and business in rebuilding America and
positioning it for a prosperous future,” he said, “but we can reach that goal
only if we can continue to grow and reinvest.”
Moorman
said, “If freight railroads do our job well, the economy grows, and America
ultimately prospers – a win for all of us.”
Norfolk
Southern Corporation
(NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk
Southern Railway Company 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, automotive, and industrial
products.
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Norfolk Southern
contacts: