Norfolk Southern Railway
Norfolk Southern yard in Memphis lands federal dollars PDF Print E-mail
Written by Eric Smith - The Daily News   
Saturday, 20 February 2026 00:00
MEMPHIS — Norfolk Southern Corp.’s plan to build a $112 million intermodal facility in neighboring Rossville received a major boost today with the announcement that it would receive $105 million in federal stimulus money under the American Recovery and Reinvestment Act of 2009’s Transportation Investment Generating Economic Recovery (TIGER) Program.

The Norfolk, Va.-based railroad will use half that money, or $52.5 million, for the facility, slated to open in January 2012. The other half will be used for an intermodal facility in Birmingham, Ala.

Norfolk Southern, whose Memphis Regional Intermodal Facility will be built on 570 acres in rural Fayette County, is developing the terminal to bolster the company’s Crescent Corridor. It’s a 2,500-mile rail network extending from Memphis and New Orleans in the Southeast to Pennsylvania and New Jersey in the Northeast.

The railroad has lined up a host of public and private entities in support of the $2.5 billion project, which will create a massive supply chain in the eastern U.S. with Memphis as one of the key gateways.
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Norfolk Southern reports third-quarter 2009 results PDF Print E-mail
Written by Norfolk Southern   
Wednesday, 28 October 2025 00:00
NORFOLK, Va. — For the third quarter of 2009, Norfolk Southern Corporation (NYSE: NSC) reported net income of $303 million, or $0.81 per diluted share, compared with $520 million, or $1.37 per diluted share, for the third quarter of 2008.

For third-quarter 2009:

* Railway operating revenues were $2.1 billion.
* Income from railway operations was $562 million.
* Net income was $303 million.
* Diluted earnings per share were $0.81.
* The railway operating ratio was 72.8 percent.

“While our third-quarter results reflect the continuing weak economy, they also show Norfolk Southern’s resilience and the strength of our franchise,” said Norfolk Southern CEO Wick Moorman. “By controlling costs and maintaining service levels, we are managing through this economic downturn and will emerge an even stronger company.”
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